Hello traders
I have mentioned the Trump chaos theme numerous times in my previous ideas. History repeats itself. Once again, the punches come from a different direction on a daily basis.
Fundamentally, nothing seems to have changed.
Trump vacillates on tariffs daily.
The new Canadian PM is threatening to terminate electricity supply to the USA which will affect 1.5 million users in the USA if the tariffs increase.
The Ukraine conflict is still not resolved. Still the most important geopolitical risk.
Germany seems posed to spend heavily on defense and other infrastructure. However, it is still dependent on the formation of a new Government and Parliamentary approval of lifting the debt limit.
In conclusion, this trade is a no confidence vote in the USD. For now. FOMC coming up next week.
Trump refuses to acknowledge the possibility of a recession because of his insane tariffs.
I have never seen Trump speak in soothing, sweet tones, like he did from the Oval Office today. "Everything is OK..." Big old red flag. He knows the proverbial has hit the fan. It appears that the chainsaw that Musk was wielding during one of the Trump rallies, has turned on them.
TSLA is tanking because of anti-Musk sentiment. And the poorly built cars.
Republican members of Congress are getting hammered at town halls for the firing of Federal Employees.
My bet on who gets fired first(or a voluntary departure) in the Trump world? His co-president, Monsieur Musk.
The technical side seems to be in favor of the Euro.
DXY and USD10 Y are both ticking down despite the positive rate differential of the USD to all currencies except the GBP.
I was stopped out on my EUR/USD short from 1.0793 at 1.0845 before NFP's.
I initiated a long EUR/USD position during the London session early this morning at 1.0810 after the hourly close above the daily close at 1.0805.
Best of luck navigating this gordian knot.
I have mentioned the Trump chaos theme numerous times in my previous ideas. History repeats itself. Once again, the punches come from a different direction on a daily basis.
Fundamentally, nothing seems to have changed.
Trump vacillates on tariffs daily.
The new Canadian PM is threatening to terminate electricity supply to the USA which will affect 1.5 million users in the USA if the tariffs increase.
The Ukraine conflict is still not resolved. Still the most important geopolitical risk.
Germany seems posed to spend heavily on defense and other infrastructure. However, it is still dependent on the formation of a new Government and Parliamentary approval of lifting the debt limit.
In conclusion, this trade is a no confidence vote in the USD. For now. FOMC coming up next week.
Trump refuses to acknowledge the possibility of a recession because of his insane tariffs.
I have never seen Trump speak in soothing, sweet tones, like he did from the Oval Office today. "Everything is OK..." Big old red flag. He knows the proverbial has hit the fan. It appears that the chainsaw that Musk was wielding during one of the Trump rallies, has turned on them.
TSLA is tanking because of anti-Musk sentiment. And the poorly built cars.
Republican members of Congress are getting hammered at town halls for the firing of Federal Employees.
My bet on who gets fired first(or a voluntary departure) in the Trump world? His co-president, Monsieur Musk.
The technical side seems to be in favor of the Euro.
DXY and USD10 Y are both ticking down despite the positive rate differential of the USD to all currencies except the GBP.
I was stopped out on my EUR/USD short from 1.0793 at 1.0845 before NFP's.
I initiated a long EUR/USD position during the London session early this morning at 1.0810 after the hourly close above the daily close at 1.0805.
Best of luck navigating this gordian knot.
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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.
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.