I wrote exactly one year ago about a possible trade war started by Donald Trump. But it seems Donald Trump, and his team, has gone to the next level. Currency war. The start was given on neutral ground. In Davos, Switzerland.
Donald Trump will deliver his first ever State of the Union address from the White House tonight. What will he tell us? To bring us together. Help the military. Jobs, jobs, jobs. Tax cuts helped! Immigration reform. Nothing about dollar. But it will surely move the market. But i don’t think above 1.27. Then I think we’ll see a correction, because Draghi will not leave things like that. It will be too risky for the eurozone.