Category: Donald Trump

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Trump’s America First Trade Policy: Applying Law to the Manifest Destiny Narrative.

There is mumbling amongst the narrative class that legal action is being prepared to address some of President Donald Trump’s executive orders issued yesterday. I cannot say with specificity that Mr. Trump’s America First Trade Policy is among the executive orders targeted for legal action. I am particularly focused on the portion of his America … Continue reading Trump’s America First Trade Policy: Applying Law to the Manifest Destiny Narrative.

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Interbank market news scan: Trump makes an inflation promise that he can’t keep.

U.S. President Donald J. Trump promised today during his inaugural address that he would address the levels of inflation brought on by government overspending and high energy costs. He offered as a solution the old mantra, “Drill, baby, drill” implying that increases in the supply of American extracted and processed oil and gas would increase … Continue reading Interbank market news scan: Trump makes an inflation promise that he can’t keep.

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Interbank market news scan: Is the U.S. House task force on monetary policy more political than monetary?

U.S. Representative French Hill, Republican of Arkansas and chairman of the U.S. House Committee on Financial Services, announced earlier this week the formation of the Monetary Policy, Treasury Market Resilience, and Economic Prosperity Task Force. According to Mr. Hill’s statement: “The Committee’s new Task Force will conduct hearings looking into issues relating to monetary policy, … Continue reading Interbank market news scan: Is the U.S. House task force on monetary policy more political than monetary?

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Interbank market news scan: International Economic Emergency Powers Act: Never act on the rumor of executive action.

As the media reacts to statements by the President-elect regarding tariffs on Canada and Mexico and taking Greenland from Denmark, I have to counsel caution about the weight and gravity of Donald Trump’s pre-inauguration pronouncements. Mr. Trump is not yet the President of the United States and until such time, trading desks should not pull … Continue reading Interbank market news scan: International Economic Emergency Powers Act: Never act on the rumor of executive action.

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Interbank market news scan: Will trader sentiment push EUR/USD below 1.0321?

Analysts at FXStreet see no turn around in Europe’s growth woes especially given rising gas prices this winter. MarketWatch reports the current DXY is at 108.88 (12:21 AM EST) and FXStreet analysts can see the DXY going as high as 110.0 before making a pullback. FXStreet analysts also see continued dollar strengthening expecting the EUR/USD … Continue reading Interbank market news scan: Will trader sentiment push EUR/USD below 1.0321?

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Remain mindful of data releases and political events when reading trade sentiment.

Yesterday’s biggest American political event was the election of Mike Johnson, Republican of Louisiana, to serve as Speaker of the House for the 119th Congress. Mr. Johnson was able to avoid a long selection battle for the speakership with the only major challenge coming from U.S. Representative Hakeem Jeffries, Democrat of New York. The next … Continue reading Remain mindful of data releases and political events when reading trade sentiment.

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If FDI inflows are trending down, shouldn’t price of USD follow?

With all the talk of Brazil, Russia, India, China, and South Africa going their own way by moving away from the USD, the presumptive president-elect seeking a weaker dollar that promotes the export of goods manufactured in the United States, and a downward trend in foreign direct investment inflows to the United States, it would … Continue reading If FDI inflows are trending down, shouldn’t price of USD follow?

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I expect the EUR/USD to fall between 1.0288 and 1.0401. Also, Elon needs to tamp it down.

All is quiet as the U.S. prepares for Christmas along with the rest of the Anglo world. Last week I expected the EUR/USD to close above 1.0275 and it did at 1.0494. The current spot rate at 6:11 pm EST is 1.04412. I see one NADEX contract expiring on Friday at 3:00 pm with a … Continue reading I expect the EUR/USD to fall between 1.0288 and 1.0401. Also, Elon needs to tamp it down.