The financial markets seem to be repricing the US-China trade truce today. DOW open lower and is currently trading down -160pts or -0.6%.
At the same time treasury yield is in deep decline. 10-year yield breaks 61.8% retracement of 2.808 to 3.248 at 2.976. That’s a rather bearish development and would put 2.808 medium term key support in focus. At the same time, Dollar is among the weakest ones together with Canadian and Aussie.
Trump sounded positive with his tweet as same “President Xi and I want this deal to happen, and it probably will”. But the stock markets aren’t paying much attention.
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