US and EU close in on 15% tariff deal: FT

Quoting AonRaza

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Why DXY still tanking?

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Quoting Chumcred

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The waiver of tariffs would ease trade tensions between the US and EU, potentially leading to a stronger euro and a weaker US dollar. This could cause the EURUSD pair to rise

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Quoting ocd

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{quote} Housing...existing home sales came in lower than expected. Since overall market movement is based on stability, confidence, and predictability on a macro level, the sitting president is reversing trade relationships the US has with other countries (which have been pretty one sided for a long time). He is undoing bad business deals. Those that have benefitted are screaming that THE END IS NEAR and a collapse is coming. Whatever, it's business. Regardless of the political crybaby elements, this uncertainty has rocked the big 3 (stability,...

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Quoting TimmyBTrades

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Locking in tariff rates with these 'trade deals' means no more TACO, will drag on corporate earnings and/or retail spending. If these rates were announced on Liberation Day the market would have tanked, but it has been beaten into submission now.

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Quoting Trader#1663

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{quote} Completely false. If 15% were announced with the exemptions and carve outs coming, the market would have sold off some because it technically needed a pullback. Then it would be where it is. Look at your chart without the fake sell off in April. Previous trend line for years shows we are where we should be in stocks. How exactly are you right and multiple trillion dollars worldwide are wrong? Anyone saying current prices are wrong has no idea what they are talking about other than being mad you lost money by being wrong.

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Quoting Trader#F7D0

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{quote} You are beyond stupid. The sell off was from 30 to 50% tariffs and other countries saying they would enter a trade war. Based on that a big drop made sense. But none of that was actually true, just fake politics. If 15% were set instead of 50% and trade war the drop would have been small. Either way we are right back to the same multi year trend line. Do people really not know how to read or think?

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Quoting Chumcred

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{quote} The news headline reads "US AND EU WOULD WAIVE TARIFFS ON SOME PRODUCTS, INCLUDING AIRCRAFT, SPIRITS AND MEDICAL DEVICES- FT", hence, my response to the impact on EURUSD currency pair.

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Quoting ocd

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{quote} Housing...existing home sales came in lower than expected. Since overall market movement is based on stability, confidence, and predictability on a macro level, the sitting president is reversing trade relationships the US has with other countries (which have been pretty one sided for a long time). He is undoing bad business deals. Those that have benefitted are screaming that THE END IS NEAR and a collapse is coming. Whatever, it's business. Regardless of the political crybaby elements, this uncertainty has rocked the big 3 (stability,...

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Quoting Vancarbon

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{quote} Oh, the irony ! If was a fake sell off in April following your logic , yet the trillions of dollars that were wrong in April are suddenly right !!!! …. and you say you know what you’re talking about . That deserves a Lol … with a capital L .

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Quoting GainingBucks

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{quote} How is a potential deal of 15% a waiver of tariffs?

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Quoting Trader#3866

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Went long on EURUSD 10 minutes ago

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Quoting TimmyBTrades

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Locking in tariff rates with these 'trade deals' means no more TACO, will drag on corporate earnings and/or retail spending. If these rates were announced on Liberation Day the market would have tanked, but it has been beaten into submission now.

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