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Usmca

USD/MXN: Mexico plans response to US tariffs The White House confirmed a one-month exemption for autos under the USMCA (United States-Mexico-Canada Agreement), following President Trump’s 25% tariffs on Mexican imports. The exemption has significant consequences for Mexico’s economy, with tariffs expected to add billions in costs for automakers that rely on Mexican production. Mexican President Claudia Sheinbaum plans to discuss tariffs with Trump on Thursday, before her government announces countermeasures on Sunday. Meanwhile, the MACD indicator initially showed a potential bullish signal as moving averages crossed upward. However, momentum appears to be fading, and the pair has yet to retest its February 3rd highs.
by BlackBull_Markets
Will the Dollar Index Redefine Global Economic Equilibrium?In the intricate dance of international trade and geopolitical strategy, the Dollar Index emerges as a critical compass navigating the turbulent waters of economic uncertainty. The article illuminates how this financial barometer reflects the profound implications of proposed tariffs by the U.S. administration, revealing a complex interplay of currencies, trade relationships, and global market sentiments that extend far beyond mere numerical fluctuations. The proposed tariffs targeting key trading partners like Canada, Mexico, and China represent more than economic policy—they are strategic maneuvers with potential seismic shifts in global trade dynamics. As the Dollar Index climbs, reflecting the U.S. dollar's strength, it simultaneously exposes the delicate balance of international economic relationships. The potential consequences ripple through supply chains, consumer markets, and diplomatic corridors, challenging the post-World War II trade paradigm and forcing nations to recalibrate their economic strategies in real time. Beyond the immediate market reactions, these developments signal a broader philosophical question about economic sovereignty and interdependence. The tariff proposals challenge long-established multilateral agreements, potentially accelerating a transformation in how nations perceive economic collaboration. While the immediate impact is visible in currency fluctuations and market volatility, the long-term implications could reshape global economic architecture, prompting a reevaluation of the U.S. dollar's role as the predominant global reserve currency and testing the resilience of international trade networks.
INDEX:DXYLong
by MorMedia
US Steel could pop on USMCA newsNews of the pending approval of the USMCA trade deal has been somewhat eclipsed by news of the signing of the Phase 1 China trade deal. However, the reality is that the USMCA deal has larger implications than the China deal, since we do a lot more trade with Canda and Mexico than with China. One sector affected by the deal is the U.S. steel industry, because the deal closes loopholes that foreign steelmakers have used to bypass steel tariffs when selling to U.S. manufacturers. That could give steelmaker stocks like X and AKS a nice bump when the media breaks the news of the deal passing in the Senate. However, any bump in steel stocks may be short-term, because the loophole closure is scheduled to take 7 years to go into effect. So I suggest treating this as a quick scalp play, at least until the U.S. manufacturing sector starts to recover.
NYSE:XLong
by ChristopherCarrollSmith
2
Several bullish signals for the SPYThe bullish signals in my mind include: 1) Today's surge through resistance 2) The Fed keeping the rates the same from yesterdays meeting 3) Strong recent jobs report 4) USMCA trade agreement announced. Even though our politicians are mud slinging and financially irresponsible children, they managed to help the American worker and economy for once this year. I wish I only had to accomplish one thing per year :D 5) I believe our orange Thanos will now be able to use USMCA to make a trade deal more attractive for China; this is speculation but possible.
AMEX:SPYLong
by Johnny_Nickles