US President Trump will call for new form of tax cuts in State of Union, Fox News reports; says Iran is not yet agreeing to no nuclear weapons

President Trump's call for new tax cuts in the State of the Union could signal a shift towards a more expansionary fiscal policy, impacting market sentiment positively.

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Moreover, his comments on Iran suggest ongoing geopolitical tensions that could have ramifications for energy prices, particularly oil, as well as safe-haven assets like gold. The combination of these factors could lead to notable shifts in forex and equities as traders reassess their positions.

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