If ever there was a lesson in watching the newsflow as well as the technicals it was yesterday. The dollar weakening and positive risk appetite was turned completely on a sixpence with Trump’s announcement to end negotiations on fiscal support. Trump has pulled the plug on the White House negotiating with the Democrats, saying that Nancy Pelosi is “not negotiating in good faith”. He has ordered negotiations to stop until after the Presidential election. This coming even after Fed chair Powell spoke of the need for fiscal support to be used alongside monetary policy. Risk appetite flooded away and the dollar ... (full story)