I posted yesterday on the Wall Avenue Journal story leaking particulars of Trump’s ‘day one’ agenda, noting that he wasn’t going to implement tariffs:
Whereas I urged warning, noting that Trump may be mercurial and risky with coverage bulletins (that is what’s Twitter is for in any case!) I put a 75 – 80% chance that it would be a ‘no tariff applied’ day. That proved to be name.
For merchants, it meant a bid behind ‘danger’ and a suggestion for the USD.
And that is what performed out.
Right here is the USD index since Monday morning my time (Sunday night US time when the Journal carried the story).
ForexLive kicks off the week on Sunday afternoon US time, and its days like this that make all of it worthwhile. I hope merchants on the market obtained some pips from this. Kudos to the WSJ for the report.
How Trump’s day performed out – he blabbed about tariffs however did nothing, as we anticipated and foreshadowed:
