All Time High for us indexes, after Senate vote for government bill

US indices reach the All Time High after the Senate votes the new budget. US Senators voted 81 to 18 in favor of a short-term budget by February 8, when the drama is likely to resume. Despite the agreement reached, the mood among the senators is not so calm, mainly because of Trump's intention to end the funding off the program protecting hundreds of thousands of illegal immigrants in the United States.

Market positivism is also preserved due to the fact that more than 80 financial reports are due this week, the most important being Netflix and Procter And Gamble, which enjoy serious expectations from investors.

USD is traded downward, not reflecting strongly the Senate's decision.

What next?
Statistically, after every break in the US government, the world's largest economy's indexes are rising. If we need to be accurate, with an average of 16.9% for the last 12 cases. From then until February 8, markets will move primarily from the financial statements and economic data the US publishes.

Given the Senate's decision and the poor economic calendar for the Asian session, we expect the Asian markets to reflect the positive positivism in the US with rises.

Source: Bloomberg Pro Terminal

Jr Trader Petar Milanov

Read more:

• USA ADP Nonfarm Employment Change: 202K vs 160K
• Iran response was ‘too fast and too furious’ on the U.S. airstrike
• USA – ISM Non-manufacturing PMI: 55.0 vs 54.5
• Top 5 things to watch on Tuesday
• Noise: How to Overcome the High, Hidden Cost of Inconsistent Decision Making