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Trump must be a big believer in New Years resolutions, because after a relatively poor run into the end of last year, he has emerged from his cocoon like a moth, full of new ideas of questionable quality.
I suspected the general success of his Venezuelan intervention would only embolden the President and act as a benchmark for more bold schemes - how right I was. The jury still seems to be out regarding whether the President's concerns of needing the territory are fair, but some deal that likely excludes China and Russia from any use of the island seems likely.
Of course, turning on your allies in such a public way is generally determinantal to your economy. Moreover, the added threat of tariffs on any country that supports Denmark makes the market yet more nervous, although adds to evidence that this is a negotiation tactic.
Change in this situation could come quick, although we must also focus on the hard data releases this week offers, with the Pound almost certainly in for a volatile time with two major releases across Tuesday and Wednesday.
Markets Today
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Major Economic Releases (All times in GMT)
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