Trump is said to have ordered 200B worth of tariffs on Chinese goods. That's an escalation from previous 50B - 100B clips. Risk markets understandably don't like it, and have sold off. Yen is the preferred currency so far today. USD/JPY fell below 200 DMA and 110, to as low as 109.70. We'll see if we get any follow-through as European markets open.
Community Blog
AUD/USD sold, remains range-bound
U.S. president Trump continues the firing spree with the national security adviser getting sacked. Risk sensitive instruments didn't like it, extending their declines overnight. AUD/USD, for one, fell to as low as 0.7770 but found some demand at 100 DMA. 0.7750 is the support level to watch and the next one at 0.7650. Broken 200 DMA is the immediate resistance.
Bank of Japan on hold, North Korea to denuclearize
BOJ keeps monetary policy on hold. My guess is that, for now, they'll just proceed with small off-meeting tweaks (tightenings) and save regular meetings for any bold decisions (easings). What moved USD/JPY overnight was news of North Korea steps to commit to denuclearization and thawing of the relationship with the U.S. Trump is said to accept Kim's invitation for a meeting. It shouldn't be too much of a surprise if the two go on to become best friends after all.
21/05/2017
President Donald Trump has embarked on his first international trip since taking office, a five-country journey to meet with some of the most important figures in the Middle East and Europe.
This first foreign trip starts as home troubles mount. Until Trump manages to get ahead of the Russian investigation, his economic agenda will likely remain frozen, or at least with less support than before.
This week offers US Durable Goods Orders and the 2nd estimate for US Q1 17 GDP. Growth is expecte…
The Inauguration Day!
Donald Trump, the 45th US President will take office on January the 20th 2017.
What was three months ago, unrealistic attending to projection polls, is now becoming part of history.
Polls can no longer accurately predict the outcome of an election as well as many pundits’ forecasts for US equities.
There is a real vacuum, an unknow sentiment regarding the US policies and its trade relationships with Mexico and China.
It seems that the world is shifting from a globalization environment to …
Trump won and what will happen?
Like it or not Trump is president. I and many others thought dollar will fall and will push other currencies higher. But it did not happen. Dollar recovered and moving higher. What is do you think will happen to market? What are your thoughts?
The dollar rallies after Trump wins the U.S. election
Risk assets and the dollar sold off initially when it had became clearer and clearer that Donald Trump will be the next president of the United States. Traders were quick to buy the dip and the rally took off as the news was widely confirmed.
I expected at least one more day of selling but the price action seems logical. Markets are inherently optimistic while Trump presidency really isn't such big a deal. What we saw was the Fed trade returning with force, in my view.
I expected at least one more day of selling but the price action seems logical. Markets are inherently optimistic while Trump presidency really isn't such big a deal. What we saw was the Fed trade returning with force, in my view.
45th US President: Donald Trump
Greetings fellow traders!
It has been a tough night! Trump's effect whipped out several Democratic bastions, such as Michigan and Wisconsin.
This is an astonishing event in the recent history of politics, particularly, in western world’s politics.
Trump's victory puts in check polls, predictions, probabilities and all the information that has been provided by media broadcasters during this process.
Brexit is not anymore an isolated event in world's recent history. Trump's win represents the …
It has been a tough night! Trump's effect whipped out several Democratic bastions, such as Michigan and Wisconsin.
This is an astonishing event in the recent history of politics, particularly, in western world’s politics.
Trump's victory puts in check polls, predictions, probabilities and all the information that has been provided by media broadcasters during this process.
Brexit is not anymore an isolated event in world's recent history. Trump's win represents the …
Donald Trump biography
Real estate developer Donald John Trump was born June 14, 1946, in Queens, New York. In 1971 he became involved in large profitable building projects in Manhattan. He opened the Grand Hyatt in 1980, which made him the city's best known and most controversial developer. In 2004 Trump began starring in the hit NBC reality series The Apprentice, which also became an offshoot for The Celebrity Apprentice.Early LifeDonald John Trump was born on June 14, 1946, in Queens, New York, the fourth of five c…