|

G10 and Trump Council: Levels, Ranges, Targets.

As Trump appeared set up by the few corporate names and Trumka from the SEIU gangsters,  the belief is Trump saw this coming as he has maintained ability to remain one step ahead throughout his presidency. The early meetings with Trumpka and the corporate names had to determine loyalty questions. Trumpka was unquestioned as non loyal yet he was picked for the council. Was the set up actually  a reverse as a  means to reveal non loyalty to America by  company resignations.

Disney for example is a command and control run company and was run this way since at least the 1980's under Michael Eisner. As a corporate citizen, Disney fails miserably as they disappoint communities in any and all assistance. Money comes into Disney but never goes out.

The question is how many major American companies house corporate treasury departments outside the United States such as General Electric and others in Ireland. And when are they coming home to contribute to America. Is Disney located in Ireland and if so under high taxes and repatriations, chances are good Disney isn't coming home therefore offered nothing to Trump's council from the beginning.

View the loyalty question from F Roosevelt. Roosevelt lacked a chief of staff as the position wasn't created until Truman and passage of the various Executive Office of the Presidency laws. Roosevelt was master at the palace intrigue as he never trusted himself so he tested loyalties from agency heads.

Are far right and far left groups protesting against each other. No, communism married fascism and Muslim Brotherhood to form one big power run by the Democrats. All funded by the Russians and Arabs. Protests will be much  worse from here. Charlottesville was a warm up, a dry run. Recommended read to details on political thought is the Politics of Aristotle and read the Russian Alexander Dugin.

EUR/USD awaits 1.1673 as the next por of call. Longs must clear 1.1713, 1.1727, 1.1732 and big line at 1.1736. EUR boke bottom,

GBP/USD 1.2851 and 1.2859 determines 1.2843 and 1.2827 or above 1.2925.

NZD/USD. 0.7306 and 0.7333 above or 0.7301, 0.7292 and 0.7283.

EUR/JPY remains at its low end current at 1.2871, 128.87 then 1.2901.USD/CAD 1.2601 or 1.2632.

Author

Brian Twomey

Brian Twomey

Brian's Investment

Brian Twomey is an independent trader and a prolific writer on trading, having authored over sixty articles in Technical Analysis of Stocks & Commodities and Investopedia.

More from Brian Twomey
Share:

Editor's Picks

EUR/USD holds losses near 1.1850 as US, China holidays keep trade muted

EUR/USD opens the week on a softer note, trading near 1.1860 during the Asian session on Monday. Activity is likely to remain muted, with United States markets closed for the Presidents’ Day holiday, while Mainland China is also shut for the week-long Lunar New Year break.

GBP/USD flat lines as traders await key UK macro data and FOMC minutes

The GBP/USD pair kicks off a new week on a subdued note and oscillates in a narrow range, just below mid-1.3600s, during the Asian session. Moreover, the mixed fundamental backdrop warrants some caution for aggressive traders as the market focus now shifts to this week's important releases from the UK and the US.

Gold remains below $5,050 despite Fed rate cut bets, uncertain geopolitical tensions

Gold edges lower after registering over 2% gains in the previous session, trading around $5,030 per troy ounce during the Asian hours on Monday. However, the non-interest-bearing Gold could further gain ground following softer January Consumer Price Index figures, which reinforced expectations that the Federal Reserve could cut rates later this year.

Top Crypto Losers: Dogecoin, Zcash, Bonk – Meme and Privacy coins under pressure

Meme coins such as Dogecoin and Bonk, alongside the privacy coin Zcash (ZEC), are leading the broader market losses over the last 24 hours. DOGE, ZEC, and BONK ended their three consecutive days of recovery with a sudden decline on Sunday, as crucial resistance levels capped the gains. Technically, the altcoins show downside risk, starting the week under pressure.

Global inflation watch: Signs of cooling services inflation

Realized inflation landed close to expectations in January, as negative base effects weighed on the annual rates. Remaining sticky inflation is largely explained by services, while tariff-driven goods inflation remains limited even in the US.

Ripple Price Forecast: XRP potential bottom could be in sight

Ripple edges up above the intraday low of $1.35 at the time of writing on Friday amid mixed price actions across the crypto market. The remittance token failed to hold support at $1.40 the previous day, reflecting risk-off sentiment amid a decline in retail and institutional sentiment.