German foreign minister/Vice Chancellor speaking at a Funke Media event 2 March
- we must do everything possible to avoid an international trade war
That’s ok. Trump said yesterday he wants free and fair trade. Oh, hang on, that’s for the US.
EURUSD still unfazed by any of it at 1.2257 with EURGBP at 0.8907 and helping to cap cable. EURJPY 129.62 near session lows though as yen demand prevails.
Large option expiries at 1.2250 that we’ve been highlighting in recent sessions most definitely in play.
«What to do about Donald? I really don’t know Sigmar. Do we have a Plan C or D?»