The effects of Donald Trump's tweets on US financial and foreign exchange markets
The effects of Donald Trump's tweets on US financial and foreign exchange markets
Author
Colonescu, Constantin
Faculty Advisor
Date
2018
Keywords
Donald Trump , financial markets , text mining , tweets
Abstract (summary)
Twitter is the US president’s, Donald Trump, preferred media for communicating his
thoughts to his followers. This project looks at the effect of the daily flow of Donald
Trump’s tweets on the US financial and foreign exchange markets, represented by the
Dow Jones Industrial Average (DJI) index and some exchange rates, over the period of
Donald Trump’s ongoing presidency. Using text mining techniques, some correlation is
found between various moving average window lengths of tweet content and the DJI
index. Some short term and lasting effects are also detected on US-Canada and US
composite exchange rates.
Publication Information
Colonescu, C. (2018). The Effects of Donald Trump's Tweets on US Financial and Foreign Exchange Markets. Athens Journal of Business & Economics. Athens Institute for Education and Research (ATINER), vol. 4(4), pages 375-388. https://doi.org/10.30958/ajbe.4-4-2
DOI
Notes
Item Type
Article
Language
English