Trump vs Obamacare today! What to expect in Financial Market now?

March 23, 2017

Trump vs Obamacare "Global Markets Await the Vote".

Trump vs Obamacare today! What to expect in Financial Market now?

This article is originally referred from iForex News

Today President Trump will face one of his most bitter opponents: Obamacare, and will attempt to change the healthcare bill in a step that was one of his main pre-election promises.

If you wonder why we’re telling you, investors, about a US healthcare act, you must not have been keeping an eye on Wall Street in the last couple of days.

Yesterday, US shares had a very volatile day, as well as so-called ‘safe-haven’ assets, and the reason is uncertainties regarding the future of trump’s pro-growth policies.

So, what does Obamacare has to do with any of this?

Well, US policy makers have stated that a failure – or even just a delay – in the new Republican healthcare bill could potentially delay the planned tax cuts and spending increases.

These two steps are essentially to investors’ perception of Trump as a pro-business pro-growth power.

It seems that now investors are unsure of what will happen next.

All in all, the majority of leading economic data from global markets has been relatively strong, and it’s hard to tell if the Trump Trade is unwinding or just taking a pause.

There is no doubt though that many people from all over the world will carefully following the US House of Representatives on Thursday which is, by the way, the 7th anniversary of signing the Affordable Care Act by President Obama.

Yesterday night, after a hectic day, there was still no success in reaching a GOP deal that would secure the bill.

What will happen today and how will the market react? Follow major political events and take advantage of market opportunities.

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Original Source: iForex News

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