Global markets are waking up to a currency cold war. Hi, I'm Trader Andrea Russo, and today I want to share the latest news with you.
Donald Trump set the day alight, launching a barrage of threats from a rally in Ohio:
"If re-elected, I will impose 60% tariffs on all of China, 20% on Mexico, and 10% on the European Union. And I'm telling Putin clearly: if you continue to help China evade our embargoes, we will hit Russia too."
The words reverberated across global investment banks, triggering an immediate reaction in the dollar and emerging market currencies.
Markets React: USD Soars, GBP and NOK on Alert
The US dollar gained ground against nearly all major currencies, while the GBP collapsed under pressure from fears of a BoE rate cut and a slowing labor market.
The GBP/NOK pair, in particular, is showing signs of a structured bearish breakout: the pound is under dual pressure (domestic politics + trade war), while the Norwegian krone is indirectly benefiting from rising energy prices and pro-commodity sentiment.
US CPI at 2:30 PM: The Real Detonator
The US core inflation figure will be released at 2:30 PM Italian time. The consensus is for +3.4%, but a higher reading could push the Fed to remain more hawkish for longer. This would strengthen the dollar and create new shock waves in weak and emerging market currencies.
Specifically:
USD/JPY could break above 162.00 with strength.
GBP/USD risks a break below 1.29.
USD/SEK and USD/MXN are the key pairs to watch for explosive movements.
Trump vs. Powell: A Showdown
Meanwhile, fears are growing of a direct attack by Trump on the Fed. According to Deutsche Bank, markets are underestimating the possibility that Trump will attempt to remove Jerome Powell if he returns to the White House.
"The market is ignoring the Trump-Powell variance. If he really tries, the dollar could fall 4% in a week," – Deutsche Bank
We are about to enter the best time of the month for Forex. Those who get their timing wrong today will burn capital. Those who wait for the right signal can ride the trend arising from a predicted global crisis.
If you're looking for:
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Start investing like the banks — for free.
✅ Precise TAKE PROFIT
✅ Precise STOP LOSS
✅ Real-time Trade Updates
🚀 Telegram Channel: t.me/swipeuptrading
👉 MY WEBSITE: andrearussoforextrader.com
Start investing like the banks — for free.
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.
If you're looking for:
✅ Precise TAKE PROFIT
✅ Precise STOP LOSS
✅ Real-time Trade Updates
🚀 Telegram Channel: t.me/swipeuptrading
👉 MY WEBSITE: andrearussoforextrader.com
Start investing like the banks — for free.
✅ Precise TAKE PROFIT
✅ Precise STOP LOSS
✅ Real-time Trade Updates
🚀 Telegram Channel: t.me/swipeuptrading
👉 MY WEBSITE: andrearussoforextrader.com
Start investing like the banks — for free.
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.