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EUR/USD LONG: The circus is back in town
Hello traders
DISCLAIMER: I am publishing my idea based on historical events, not on a partisan basis. My political affiliation is not important. What is important, is history and how it repeats itself.
This article sums up how I feel about the US election.
tradingview.com/news/DJN_DN20241115002854:0/
I believe the "Trump trade" has already started to wind down but is far from over. The next four years and a bit will have daily headlines about disruptive, chaotic and sometimes ridiculous actions from the new administration. And probably some more scandal too. Nothing has changed.
Trump is not even inaugurated yet and he is already taking a sledge hammer to our public health system. Remember how he downplayed COVID 19? "Oh, we'll have a few cases" A MILLION+ American citizens dies because of his inaction.
And here we have RFK Jr., a known anti-vaxxer nominated as the Head of Human and Health Services. I believe in science and this is a slap in the face for a massive number of highly educated medical professionals and researchers. Or maybe just another way to cut public health spending since he will never be able to kill the ACA(Obama Care) as he has promised numerous times over the last 8 years.
And Matt Gaetz as AG? Republican senators did not know he was a lawyer. Aileen Cannon in the wings?
I am not digressing: I am trying to hammer home a point about what is to come and how it will affect the USD.
Investors have been wowed with the stellar performance of the US stock markets as they should have been. But American exceptionalism may take a hit over the next 4 years since the twin deficits and increased inflation will come into focus again if Trump Tariffs are implemented.
Interference and pressure on the Federal Reserve's independence is all but guaranteed.
The EURO is fundamentally at a disadvantage but technically it has found some support on the charts.
Best of luck all.
Gold seems to have found support and the DXY is retreating from the 10/23/2023 high.
I have taken a long position at 1.0533.
DISCLAIMER: I am publishing my idea based on historical events, not on a partisan basis. My political affiliation is not important. What is important, is history and how it repeats itself.
This article sums up how I feel about the US election.
tradingview.com/news/DJN_DN20241115002854:0/
I believe the "Trump trade" has already started to wind down but is far from over. The next four years and a bit will have daily headlines about disruptive, chaotic and sometimes ridiculous actions from the new administration. And probably some more scandal too. Nothing has changed.
Trump is not even inaugurated yet and he is already taking a sledge hammer to our public health system. Remember how he downplayed COVID 19? "Oh, we'll have a few cases" A MILLION+ American citizens dies because of his inaction.
And here we have RFK Jr., a known anti-vaxxer nominated as the Head of Human and Health Services. I believe in science and this is a slap in the face for a massive number of highly educated medical professionals and researchers. Or maybe just another way to cut public health spending since he will never be able to kill the ACA(Obama Care) as he has promised numerous times over the last 8 years.
And Matt Gaetz as AG? Republican senators did not know he was a lawyer. Aileen Cannon in the wings?
I am not digressing: I am trying to hammer home a point about what is to come and how it will affect the USD.
Investors have been wowed with the stellar performance of the US stock markets as they should have been. But American exceptionalism may take a hit over the next 4 years since the twin deficits and increased inflation will come into focus again if Trump Tariffs are implemented.
Interference and pressure on the Federal Reserve's independence is all but guaranteed.
The EURO is fundamentally at a disadvantage but technically it has found some support on the charts.
Best of luck all.
Gold seems to have found support and the DXY is retreating from the 10/23/2023 high.
I have taken a long position at 1.0533.
บันทึก
died, not "dies"
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