The Comey testimony will act on the perceived ability of the Trump Administration to get a legislative agenda on
Infrastructure, tax policy, and deregulation through Congress. A bombshell testimony is "risk-off" increasing market anxiety and therefore bearish on the U.S. dollar. If the testimony appears to be trivial, it's bullish on the market.
Abe Cofnas is author of “Sentiment Indicators” and “Trading Binary Options: Strategies and Tactics” (Bloomberg Press). He is editor of binarydimensions.com newsletter and can be reached at email@example.com.