Trump delivered on his promise last night by signing an executive order to impose 25% tariffs on Auto imports and while risk was lower on the headline that he would make an announcement at 4pm, the reaction to the news was very muted. When asked, he said the tariffs were permanent, while also mentioning Pharma and Chips and said the Auto tariffs would start on 3rd April. Trump also suggested further tariffs on Europe and Canada if they worked together to do ‘economic harm' to the US and with his whole tone, somewhat hawkish, I am surprised that X YEN didn't come under more pressure. The only conciliatory comment, was that he would be ‘lenient' next week. The bottom line, is that I have no edge at this point and I am not sure anyone does, but until we know the full details next week, it seems reasonable to trade with a short term tactical mindset and while that in itself can be difficult enough, today is Value date month end for US corps and should see some USD demand, although it was noticeable that the franchise was a big buyer of USD's yesterday and we are only marginally higher.
1. AccuTrade System:
tradingview.com/v/yDFPnb1J/
2. Signal Performance:
thedailyfx.com/performance/
3. Best Forex EA:
thedailyfx.com/beetle-ea/
4. Free Forex VPS:
myfxvps.com/get-it-free/
tradingview.com/v/yDFPnb1J/
2. Signal Performance:
thedailyfx.com/performance/
3. Best Forex EA:
thedailyfx.com/beetle-ea/
4. Free Forex VPS:
myfxvps.com/get-it-free/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
1. AccuTrade System:
tradingview.com/v/yDFPnb1J/
2. Signal Performance:
thedailyfx.com/performance/
3. Best Forex EA:
thedailyfx.com/beetle-ea/
4. Free Forex VPS:
myfxvps.com/get-it-free/
tradingview.com/v/yDFPnb1J/
2. Signal Performance:
thedailyfx.com/performance/
3. Best Forex EA:
thedailyfx.com/beetle-ea/
4. Free Forex VPS:
myfxvps.com/get-it-free/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.