"I am the chosen one" says president Trump.

U.S. President Donald Trump said on Wednesday his life would be easier if he had not mounted a trade war with China but said “I am the chosen one” to take on Beijing.

Chosen One Considers Options to Spur Economy

Yesterday, the chosen one said he was Considering Options to Spur the Economy.

Executive Order

Bloomberg reported Trump Says He Can Order Capital Gains Tax Break Without Congress.

President Donald Trump said he can cut taxes by indexing capital gains to inflation without congressional approval, a move the White House has been considering for months that would largely benefit the wealthy.

“We’ve been talking about indexing for a long time,” Trump told reporters at the White House on Tuesday. “And many people like indexing and it could be done very simply. It could be done directly by me.”

This was despite the fact the "economy is very strong"

fxsoriginal

Chosen One Reverses Course

Today, the Wall Street Journal reports In Reversal, Trump Says He Is No Longer Considering Tax Cuts

“I’m not looking at a tax cut now,” Mr. Trump said in comments to reporters on the South Lawn of the White House. “We don’t need it. We have a strong economy.”

Full Circle in a Day

Well, that took all of one day to go full circle.

Economy So Strong That

The economy is so strong that Trump continually heaps more pressure on Powell to cut rates.

fxsoriginal

Doing Great With China

Please note that the US is "Doing great with China and other trade deals".

We have been doing "great" with China on and off for at least a year. Today, I see things are "great" again. How refreshing.

What else?

Things are going so well with Japan that it will now take huge tariff cuts by Japan just for the US to break even with where we could have been relative to Australia and Canada.

Doing great with China is of course expected.

After all, Trump is the chosen one. And the chosen one has spoken.

This material is based upon information that Sitka Pacific Capital Management considers reliable and endeavors to keep current, Sitka Pacific Capital Management does not assure that this material is accurate, current or complete, and it should not be relied upon as such.

Analysis feed

Latest Forex Analysis

Editors’ Picks

EUR/USD tumbles below 1.10 amid weak German PMIs

EUR/USD has dropped sharply below 1.10 after German Manufacturing PMI dropped to 41.4 and other figures are disappointed. Fears of a recession are mounting. ECB's Draghi speaks later.

EUR/USD News

GBP/USD trades below 1.25 as markets await a Brexit breakthrough

GBP/USD is trading below 1.25, little changed. PM Johnson has expressed optimism ahead of meetings with EU leaders in New York. The opposition Labour Party's is trying to iron out its position on Brexit. 

GBP/USD News

USD/JPY: Bulls reasurting themselves amid improved trade sentiment

USD/JPY holds firmer starting out the week, as the optimistic sentiment for trade talks remains on track. However, the further upside remains capped by falling Treasury yields-led broad USD weakness.

USD/JPY News

Top 3 price prediction Bitcoin, Ripple, Ethereum: Bakkt to the Future

Today is the day – the release of futures on Bitcoin by ICE – owner among others by the all-powerful NYSE. This initiative, channeled through the trading platform Bakkt, will allow trading futures on Bitcoin with delivery to maturity.

Read more

Gold climbs to over 1-week tops, around $1520 region

Gold edged higher through the early European session on Monday and is currently placed at over one-week tops, around the $1520 region.

Gold News

Forex Majors

Cryptocurrencies

Signatures