After yesterday's trading session, we saw multiple market reversals. Thus, for a short while we believe that the dollar rally will be interrupted. The dollar index fell below 94.00 and today we expect a drawdown of the reserve currency against a basket of major currencies.
The yield on long-term bonds exceeded the level of 2.85% again, while the S&P 500 recovered some of its Tuesday positions.
Oil prices yesterday again moved towards growth, so the Texas Western oil prices exceeded $68 per barrel.
In the White House opinions were divided, so that trade advisor Peter Navarro criticized the words of the Treasury Secretary Steven Mnuchin, who claimed that the trade war between China and the United States was over. He mentioned that the picture is not ideal, as there are fears of a trade war, especially after the statements by Donald Trump and misunderstandings after seemingly productive talks.
