Trump tantrums, tarrifs, T-bills and technicals.
Hello traders
What fun had by all at the WEF in Davos today, listening to DJT threatening our allies, Canada and the European Union, oil producers, US banks and finally, the FOMC, his favorite foe. AND Central Banks across the globe: drop interest rates. WHAT????
He does not even pretend anymore that there is something called the free market, ESPECIALLY in the Grand Daddy of capitalist countries, our beloved USA. His lashing out at anything he does not like and signing executive orders like a dictator, has semblances of Dr. Evil in "Austin Powers, International Man of Mystery." Except, this is not funny. It is embarrassing for the "Leader of the free world" stating that we are all his b****es and had better obey.
He seriously acts like he runs the planet and no one should dare cross him or ignore his demands. I have to wonder how it is going to turn out for Co-President Musk who contradicted and criticized Trump and the bigly AI Stargate project. You said what, Elonia??? LOL
Anyway, I've had my fun for the day writing thus far. Let's get serious.
How did the markets react to his rants? I could not monitor it live because I was under deep sedation for a spine L5-S1 discectomy at the time. Therefore, I apologize for any spelling errors or anything that does not make 100% sense.
Looking at the charts, I believe the markets shrugged and ignored him.
*DXY is at the same support level since 12/20/25
*So is US10Y
*Gold hit a technical resistance level yesterday
*EUR/USD: it completed a Head and Shoulders technical formation and backed away from the 1.0436 level. My short trade is still in play.
So, a bigly old nothing burger.
The Federal Court system has called his ending birthright citizenship a "blatantly unconstitutional" executive order.
Hegseth's confirmation hangs in the balance with Republican Senators Murkowski and Collins indicating they will vote no.
There is pushback from diverse quarters because allowing this guy to go unchecked again will lead to international disaster. Oh, and good job ending the Ukraine conflict with a phone call within 24 hours...
In conclusion, I circle back to what I have said in my two previous ideas: don't lose your head about his BS. Trust your charts and own informed assessment.
I check this chart layout throughout the day because these are the asset classes that I believe reflect where currencies are heading. I check S&P 500, NASDAQ and Bitcoin too as a bellwether of risk.
Successful trading for all of you FX warriors.
What fun had by all at the WEF in Davos today, listening to DJT threatening our allies, Canada and the European Union, oil producers, US banks and finally, the FOMC, his favorite foe. AND Central Banks across the globe: drop interest rates. WHAT????
He does not even pretend anymore that there is something called the free market, ESPECIALLY in the Grand Daddy of capitalist countries, our beloved USA. His lashing out at anything he does not like and signing executive orders like a dictator, has semblances of Dr. Evil in "Austin Powers, International Man of Mystery." Except, this is not funny. It is embarrassing for the "Leader of the free world" stating that we are all his b****es and had better obey.
He seriously acts like he runs the planet and no one should dare cross him or ignore his demands. I have to wonder how it is going to turn out for Co-President Musk who contradicted and criticized Trump and the bigly AI Stargate project. You said what, Elonia??? LOL
Anyway, I've had my fun for the day writing thus far. Let's get serious.
How did the markets react to his rants? I could not monitor it live because I was under deep sedation for a spine L5-S1 discectomy at the time. Therefore, I apologize for any spelling errors or anything that does not make 100% sense.
Looking at the charts, I believe the markets shrugged and ignored him.
*DXY is at the same support level since 12/20/25
*So is US10Y
*Gold hit a technical resistance level yesterday
*EUR/USD: it completed a Head and Shoulders technical formation and backed away from the 1.0436 level. My short trade is still in play.
So, a bigly old nothing burger.
The Federal Court system has called his ending birthright citizenship a "blatantly unconstitutional" executive order.
Hegseth's confirmation hangs in the balance with Republican Senators Murkowski and Collins indicating they will vote no.
There is pushback from diverse quarters because allowing this guy to go unchecked again will lead to international disaster. Oh, and good job ending the Ukraine conflict with a phone call within 24 hours...
In conclusion, I circle back to what I have said in my two previous ideas: don't lose your head about his BS. Trust your charts and own informed assessment.
I check this chart layout throughout the day because these are the asset classes that I believe reflect where currencies are heading. I check S&P 500, NASDAQ and Bitcoin too as a bellwether of risk.
Successful trading for all of you FX warriors.
Trade closed manually
I had a short position from 1.0426 and then added to the position at 1.0515. I closed both trades manually at 1.0420 when the 1.0415 level(a breakout level and two daily close levels) stayed intact. +101 pips.
I have taken a long position at 1.0421 with a stop below 1.0400. I will reconsider entering into a short again at 1.0535+++
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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.