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05.02.2019: Traders braced for Trump’s State of Union Address (EUR, USD, DJIA)

The euro/dollar pair was trading lower in the late European session.
On Tuesday, the most popular currency pair remained at the level slightly below 1.1430, though the US dollar extended its rally in the early North American trade.
Its index approached the level of 95.60. Notably, the greenback’s growth was capped amid expectations of a non-manufacturing PMI from the Institute for Supply Management.
Investor optimism is mirrored in the US stock market. The Dow Jones Industrial Average opened with a jump to 25,400 points, aiming to win back losses incurred in December.
However, it would be a good idea to wait to open new deals, following a trend. Investors are braced for a speech by Donald Trump that could produce an unexpected effect both on financial markets and political arena. On Tuesday the US President is due to deliver an annual State of the Union Address before a Joint Session of Congress in Washington.
Market participants hope to find out details on progress in the trade dispute between the US and China.

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