There are reports now suggesting Israel estimates the US will join the attacks on Iran. Another one said there US fighter jets in the air near the Iraq-Syria border. Finally, another said the army is at the peak of its preparations to join the war.
The market reacted to seemingly-dovish comments from Trump himself today and that caused a drop in oil prices but otherwise, the market is waiting for real news. The question is whether or not the US intervenes and there is certainly some smoke but also plenty of uncertainty.
At this point, it looks like most in the market want to see something concrete rather than trading off vague reports on Twitter or speculation. It's tough to chase these headlines because there could be misinformation in order to lull Iran into letting its guard down or for some other reason.
There is also the Fed decision at 2 pm ET that has the market weary of getting whipsawed on some kind of cross-current.
This article was written by Adam Button at www.forexlive.com. Read More Details
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