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USD/CHF testing top of its five-month range

There appears to have been some progress on the U.S. tax reform but it is all words so far. Trump hasn't managed to repeal and replace Obamacare but maybe he could gather sufficient support for lowering some taxes.
USD/CHF made another attempt at the strong resistance area at 0.975 - 0.98 this afternoon but pulled back sharply. That area is backed by descending 2016 - 2017 trendline and 200 DMA. 0.97 is the initial support and then 0.965.
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24/03/2017

Investors and traders are focused on a postponed House vote to repeal Obamacare.
Analysts debate whether the bill’s defeat would signal trouble ahead for President Trump’s more market-sensitive plans regarding corporate tax cuts and infrastructure spending.
Pundits argue that the hardest is for Congress finish this bill one way or another so it can move forward with tax reform.
A defeat of the bill will potentially blow the tax reform. The cuts in healthcare are meant to be a fraction of the …
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US Headed for a Government Shutdown

Early on Sunday the US House voted, once again, to tie a vote on government funding to a one-year delay of Obamacare. The Senate has twice rejected the amendment and will rejected it again. If not, Obama will veto it.
The seeming lack of progress means a shutdown at midnight on Monday is increasingly likely. It will be the first government shutdown since 1996.
With the Tea Party seemingly taking control of Republican leadership, there is a chance this could be an extended fight. When markets ope…
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Nadin5794 avatar

Анна ,Обаму действительно очень сильно критикует сенат?В России очень живо развивают эту тему..

mag avatar
mag 1 Out

Interesting article on the line of your blog.
http://www.linkedin.com/today/post/article/20130921204955-204274949-a-football-fan-s-reaction-to-renewed-congressional-dysfunction?goback=%2Enpe_*1_*1_*1_*1_*1_*1_*1_*1_*1_*1_*1_*1_*1&trk=prof-post

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