Risk trades are holding up once again with S&P 500 futures now up 0.8%. That follows from the overnight gains but it was far from straightforward. The Fed stood their ground and that briefly saw US stocks pare gains before this late headline helped to salvage things. A word of caution of course that the devil is in the details regarding that report on chips but markets are running with it anyway for now.
For now, it's still a case of buying the rumour. Will it end up being a sell the fact play before the end of today?
Trump's announcement is expected at 1400 GMT later.
This article was written by Justin Low at www.forexlive.com. Read More Details
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