Trump softens...How long for?

Comments from the president de-escalating the China and Chair Powell situations have given sentiment a strong boost.

The comments were timed well considering Tuesday's strange concoction of headlines and leaked comments.

Currently, the S&P is rising and the VIX is back below 30. The USD is benefitting as bearish dollar bets are paused.

Of course, the president could say the exact opposite at any moment. But for now, I consider 'risk on' trades very viable, through whichever pair you feel appropriate, I would include the USD a potential long option.

There is a case to say you could trade with a stop loss behind a 15min swing right now. Personally, on this occasion, I'm going to wait for the US open and PMI data before forming a conviction.

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