State of the Market: Trump has collapsed markets

On Wednesday, trades in the Asia-Pacific session opened well below zero on the comments of US President D. Trump. The significant increase in pessimism was caused by the words of Trump regarding the lack of confidence in the negotiations on trade between the US and China, which, first of all, renewed the fears of resumption of the trade confrontation between the US and China. Also Trump added, the summit by North and South Korea may not take place, thereby increasing concerns about the region.

As a result, the Japanese yen received significant support from these statements, gaining ground across the entire spectrum of the market and thereby acting out losses after reducing risks. Following the growth in demand for safe assets under pressure were stock indices and oil, thereby completely changing the sentiments in the market.

The US dollar index reacted with restrained growth on the growth of fears, but at the same time it slowed the downward dynamics and remains in the range from 93.40 to 93.80.

Also, read “The real estate market in the US and its role in the economy of the country”

Hanzenko Anton