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February 27, 2017

FXGiants, Will Donald Trump announce “Phenomenal” plan on Tax Reform tomorrow at a joint session of Congress?

President Trump to address a joint session of Congress Tomorrow, 28 February 2017.

President Trump to address a joint session of Congress.

What do you expect tomorrow? Here is some analysis and expectations made by FXGiants.

Following Trump’s recent pledge that he is going to announce a “phenomenal” plan on tax reform within the next weeks, market participants will be looking for any details regarding the new administration’s fiscal plans.

If he announces proposals that are more or less in line with what he has pledged pre-election, such as reducing corporate tax to 15% – 20%, the USD could gain back some of its lost glamour as the theme of fiscal expansion comes back into play.

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