🌅 Morning Update (21.01.2025)

🇺🇸 The first day after the inauguration of the 47th President of the USA, Donald Trump, begins with financial markets feeling the heat 🔥 following initial White House decisions.

🖋️ Key Highlights from Trump’s First Day in Office:

• 📜 Executive Orders Galore: Trump signed numerous executive orders yesterday.
• 💱 Trade Tariffs: A 25% tariff on 🇲🇽 Mexico and 🇨🇦 Canada will take effect on 1 February. Imports from Mexico ($470B) and Canada ($420B) may soon face retaliatory measures, raising risks for 🇺🇸 US businesses. 🇨🇳 China is also under pressure with potential tariffs if a TikTok acquisition deal isn’t finalised.

📉 Market Reactions:

• 📊 Forex: The Mexican peso 🇲🇽 and Canadian dollar 🇨🇦 are the day’s biggest losers, while the US dollar 💵 is clawing back losses. At publication: USDMXN: +1.36% USDCAD: +0.95%
• 📈 Indices: Asia-Pacific Markets: Mixed sentiment 🇨🇳 China: -0.50% to -0.80% 🇯🇵 Japan: +0.05% 🇸🇬 Singapore: -0.30% 🇦🇺 Australia: +0.35%

🖋️ Notable Executive Orders Signed by Trump:

• 🚀 Government Efficiency: A new department, led by Elon Musk, to improve federal operations.
• 🏳️‍🌈 Policy Reversals: Overturned 78 Biden-era measures, including those on diversity and LGBTQ+ rights.
• 🌍 Paris Agreement: Withdrew 🇺🇸 from the 2015 climate pact.
• 🏥 WHO Exit: Announced plans to leave the World Health Organization, citing financial concerns.
• 🛂 Immigration: Declared a state of emergency at the border and introduced restrictions on birthright citizenship.
• ⛽ Energy Emergency: Expanded fossil fuel drilling and exports.
• ⚧️ Gender Policy: Restricted federal recognition to two genders.
• ⏳ TikTok Ban Delay: Postponed the federal ban for 75 days to review its impact.
• 🚗 Electric Vehicle Policy: Reversed Biden’s green automotive standards.

🌐 The day starts with high volatility and significant political shifts. Stay tuned for further updates!

📊💥 #Markets #Trump #Forex #USPolicy