US Markets closed a very strong first week of trading gains, testing new record highs. The markets are loving the new global resource allocation and the promise of 2026. The Fed will have a new Chairman, and he will be implementing Trumps policy of low interest rates. This will be great for investment and mortgages. The US Housing market is a leading indicator and is beginning to show strong signs of recovery. The Trump administration has banned corporate investment/ownership in the retail housing market, which has resulted in unaffordable pricing through demand constraints. These moves should lead to much improved economic conditions in 2026. The US Dollar remains bid, with the EUR trading 1.1620, while the GBP slipped below 1.3400.The rising reserve added pressure to commodity currencies, with the AUD trading below 0.6700, while the NZD heads back towards 0.5700. This coming week will focus on inflation and growth, while Geo-Political events always threaten with the Trump administration in such an aggressive mood.
