More on that Wall Street Journal story that triggered to US dollar sell off (big time!) ...Middle East

Leaks around Trump's 'day one' executive orders have not mentioned tariffs at all

While I urged caution, noting that Trump can be mercurial and volatile with policy announcements (that's what's Twitter is for after all!) I put a 75 - 80% probability that it'd be a 'no tariff implemented' day. That proved to be a good call. For traders, it meant a bid behind 'risk' and an offer for the USD.

Here is the USD index since Monday morning my time (Sunday evening US time when the Journal carried the story).

How Trump's day played out - he blabbed about tariffs but did nothing, as we expected and foreshadowed:

Trump to lay out trade vision but won't impose tariffs yet - reportTrump inauguration speech highlights tariffs. US dollar bouncesTrump official confirms earlier report that he won't impose Day 1 tariffs This article was written by Eamonn Sheridan at www.forexlive.com.

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