What to Expect From Trump’s Speech Today

All eyes turn to US President Donald Trump today, for his upcoming speech at the Economic Club of New York. Investors and traders are

Written by: Arslan Butt • Tuesday, November 12, 2019 • 1 min read

• Last updated: Tuesday, November 12, 2019

All eyes turn to US President Donald Trump today, for his upcoming speech at the Economic Club of New York. Investors and traders are expecting him to give an update on where things stand with regards to the ongoing trade war with China.

According to White House spokesman Judd Deere, Trump is likely to use this opportunity to brag about how his administrative policies have turned things around for the US economy and supported record long economic recovery. Unemployment is at a record low, consumer confidence is soaring while Wall Street has been rallying and touching record highs recently.

But the markets still remain focused on the trade war. Recent optimism in the markets was driven by positive comments about how talks were progressing well as the US and China worked towards drafting the “Phase 1” trade deal which was originally scheduled to be signed in mid-November.

Any positive comments from Trump beyond how negotiations were proceeding well would serve to lift the mood in the markets, which is currently rather mixed. The upbeat sentiment clouded after Trump denied any plans to rollback tariffs on Chinese imports towards the end of the previous week, going against official statements from both nations’ trade teams.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Open a FREE Trading Account

ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.