PRESIDENT DONALD TRUMP HAVE A POINT – The European Union, wonderful countries who treat the U.S. very badly on trade, are complaining about the tariffs on Steel & Aluminum.
The European Union, wonderful countries who treat the U.S. very badly on trade, are complaining about the tariffs on Steel & Aluminum. If they drop their horrific barriers & tariffs on U.S. products going in, we will likewise drop ours. Big Deficit. If not, we Tax Cars etc. FAIR! – PRESIDENT TRUMP.
USD SHOULD START MOVING UP THIS WEEK
Trump’s Warning Shot on Trade Risks Igniting a Wider Conflict
LONDON — In the more than seven decades since the end of the Second World War, leaders of the planet’s major economies have operated on a rough consensus that trade offers a potent form of inoculation against the outbreak of military hostilities.
The United States and its allies have constructed an economic and security order centered on the notion that communities connected by commerce have a shared interest in maintaining peace. They forged institutions focused on reducing tariffs and other impediments to trade, with the World Trade Organization as the linchpin.
But now this collective understanding is under assault by the very power that has championed it most fervently. As President Trump on Thursday delivered steep tariffs on imported steel and aluminum, provoking vows of retaliation from enraged producers, he risked setting off a global conflict. Read More @ https://www.nytimes.com/2018/03/10/business/trump-trade-war-history.html?partner=rss&emc=rss
WHAT ARE THE CHARTS SAYING ABOUT USD & EURO INDEX?
MONDAY DAYLIGHT SAVING CHANGE; MARKET OPENS EARLY – 5AM. NEWS THAT MOGHT AFFECT YOUR TRADES.
- AL DAY – EUROGROUP MEETING and is expected to create lots of surprises for EURO.
- Will be a quiet Monday but in favor of the USD.
Be cautious as TUESDAY EVENING will be an important day for the USD and the rest when FED release the CPI data. Which is expected to be weak. We believe the CPI will be good in favor of the USD. Always be cautious over your money management and stick to the 10/2 Rules at all times.
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