America

Having listened stoically for the past two months to accusations without evidence that Moscow "hacked the US election", and that Hillary's loss was indirectly due to Putin's alleged meddling, which resulted in Obama's expulsion of 35 Russian diplomats, on Wednesday Russian Foreign Minister Sergey Lavrov finally snapped, and lashed out at the ongoing US election scapegoating fiasco, saying that leaders and top officials from the UK, Germany, and France have “grossly interfered” in US internal affairs, “campaigned” for Hillary Clinton, and openly “demonized” Donald Trump.

As we scoffed oveernight, who better than a handful of semi, and not so semi, billionaires - perplexed by the populist backlash of the past year - to sit down and discuss among each other how a "squeezed and Angry" middle-class should be fixed. And so it was this morning as IMF Managing Director Christine Lagarde, Italian Finance Minister Pier Carlo Padoan and Founder, Chairman and Co-CIO of Bridgewater Associates, Ray Dalio, espoused on what's needed to restore growth in the middle class and confidence in the future.

Trump will soon assume his elected office, and potentially change FX markets forever. Well, it's already happened. But what we've seen happen now, has been mostly 'talk' - whereas in 4 days, it will be 'reality.' First let's look at the best example in FX of the Trump Effect, USD/JPY traded as (FXY), Guggenheim CurrencyShares Japanese Yen:

(click to enlarge)

Via The Daily Bell

 

Donald Trump is committed to globalisation. Davos told Elite in Europe and US have misunderstood trade stance says Anthony Scaramucci … A senior member of Donald Trump’s team insisted that the president-elect was committed to globalisation, open trade and Nato, despite recent comments that unsettled America’s allies. -FT

Donald Trump either misunderstand what globalism is, or he’s not being accurate about the procedure.