Trumponomics

“I’m gonna fire Cook!!!”

Dollar tanks.

Because Trump is breaking the cardinal rule of not messing with your central bank. And because Cook may be sidelined by all of this.

He probably can’t fire Cook, though. And Cook does not seem to think that this interference from Trump will effectively bench her.

Dollar goes up again.

(This is why setting stop losses in Fx trading is tricky these days.)

No, Powell is not bending to Trump’s wishes either. He keeps doing what he thinks is right, which is exactly what he is supposed to do.

I like this (AI-generated) image. Compare the left line and the right.

Feel free to share your opinion below, please.

This site uses Akismet to reduce spam. Learn how your comment data is processed.