Trump’s latest comments have been met with ‘cave in’ comments, which, if true, is great news for markets:
- Trump says he has no plans to Fire Federal Reserve Chair Powell
- Trump says he is going to be very nice to China, they have to make a deal
Its very naive to disregard the risk that he flips again in his next set of comments/tweets.
Stay nimble out there, trump has lost credibility with markets due to his acting on impulse, his sudden reversals.
This from Trump now is positive, undoubtedly. Go with that for now, but take care.
EUR/USD is lower, USD/JPY is higher, AUD benefitting also
This article was written by Eamonn Sheridan at www.forexlive.com.