News and Market Analysis

Trump, COVID and NFP

As it so happens President Donald Trump and wife Melania Trump have both tested positive for COVID-19. Only hours after announcing that the “Pandemic’s end was in sight”. He also spent months down playing the virus as the country lost tens of thousands of lives. The main concern right now is around the fiscal package. How will this news now affect the decision.

Non Farm Payroll results are in America gained 661,000 new positions in the employment market bringing unemployment down to 7.9% which is better than anticipated. With the economy continuing to show signs of recovery, we may see the Republicans generosity start to slow.

We will be following the dollar very carefully as we see room for further gains.

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