The positive risk sentiment is holding up so far in the session ...Middle East

Of course the back and forth of the past weeks can't give any conviction and this could just be noise ahead of the plan unveiling tomorrow which is scheduled for 15:00 ET.

All the data this week is backward looking though because the weakness was caused by the uncertainty and fears around high tariffs. If we get better than expected tariffs news tomorrow, the markets will likely forget about everything and just bid risk assets. Conversely, worse than expected news will likely exacerbate the growth fears and trigger another wave of risk-off.

This article was written by Giuseppe Dellamotta at www.forexlive.com.

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