SECURITY: Trump On NATO Via Truth Social
US Trump on Truth Social, referencing NATO: "Remember, for all of those big NATO fans, they were at 2% GDP, and most weren’t paying their bills, UNTIL I CAME ALONG. The USA was, foolishly, paying for them! I, respectfully, got them to 5% GDP, AND THEY PAY, immediately. Everyone said that couldn’t be done, but it could, because, beyond all else, they are all my friends. Without my involvement, Russia would have ALL OF UKRAINE right now. Remember, also, I single-handedly ENDED 8 WARS, and Norway, a NATO Member, foolishly chose not to give me the Noble Peace Prize. But that doesn’t matter! What does matter is that I saved Millions of Lives. RUSSIA AND CHINA HAVE ZERO FEAR OF NATO WITHOUT THE UNITED STATES, AND I DOUBT NATO WOULD BE THERE FOR US IF WE REALLY NEEDED THEM. EVERYONE IS LUCKY THAT I REBUILT OUR MILITARY IN MY FIRST TERM, AND CONTINUE TO DO SO. We will always be there for NATO, even if they won’t be there for us. The only Nation that China and Russia fear and respect is the DJT REBUILT U.S.A. MAKE AMERICA GREAT AGAIN!!! President DJT"
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BOC: Expected Instant Answers For Bank of Canada Interest-Rate Decision
Following are the Instant Answers for the Bank of Canada interest-rate decision due Wed at 945am EST:
- Target for overnight rate:
- Does the Bank signal it is prepared to lower rates in the future?
- Does the Bank signal it is prepared to raise rates in the future?
- Does the Bank say the policy rate appears appropriate if its economic forecast is realized?
- Does the Bank signal it intends to leave rates on hold?
JPY: USDJPY Hits Daily Highs on Earthquake, Tsunami Warning
JPY selling goes through on the back of reports of an earthquake warning issue off Aomori in Japan, reported to have hit the prefecture and triggered a shaking intensity of 6 on the scale of 7.
- NHK reports the earthquake has an initial magnitude of 7.2, with an accompanying red tsunami warning: Tsunami height is expected to be up to 3 meters (9.8 feet). This indicates a "High" threat where low-lying areas will be flooded and buildings damaged.
- USDJPY rallies to touch 155.74 on the headlines, hitting a new intraday high in the process. This puts prices through 155.70 to expose 156.12, the 50% retracement of the downleg posted off the mid-November highs at 157.89.
FOREX: FX Exchange traded Roll pace
- EUR: 13% (below pace).
- GBP: 36% (above pace).
- JPY: 32% (above pace).
- CHF: 29% (above pace).
- CAD: 9% (below pace).
- AUD: 25% (above pace).
- NZD: 19% (above pace).
- SEK: 35% (above pace).
- NOK: 21% (above pace).
