Donald Trump has tweeted enthusiastically about recent trade discussions with China in Switzerland, calling them "friendly but constructive" and indicating that "great progress" has been made. While such optimism from Trump could be viewed positively, prompting market participants to anticipate a bullish outcome for equities and risk-sensitive currencies, investors and traders should proceed with caution.
However, it can reasonably be assumed that the trade deal is far from finalized, as a definitive announcement or confirmation from other official channels would likely accompany such a critical milestone. Historically, optimistic statements from leaders—particularly Trump—have sometimes preceded challenging negotiations that have not immediately resulted in finalized agreements. Thus, Trump's message may primarily aim at shaping positive market sentiment rather than signaling a fully completed deal.
Still, in light of the lack of negative news, US futures (ES, NQ, RTY, YM) may open green in a few hours, stay tuned.
This article was written by Itai Levitan at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( Trump Tweets "Great Progress" in U.S.-China Trade Talks - But Final Deal Remains Uncertain )
Also on site :