EUR, JPY, GBP down vs. USD. AUD, NZD, CAD too. Trump cave in on pet issues cited.

  • Trump said he has no intention of firing Federal Reserve Chair Powell.

The news of all of the Trump reversals is here:

US equity index futures and the US dollar are higher on these latest policy reversals from truump.

As I said earlier, go with this but be careful of further reversals to come. We are well accustomed to Trump flip-flopping on policy decisions on a whim. Stay nimble.

The Reserve Bank of Australia monetary policy decision is due at 0430GMT on 7 May 2019.

The headline driven markets continues.

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