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Major Turnaround As Trump Talks Up Trade
US President Trump, in yet another attempt to manipulate stock valuations, managed to single-handily engineer a major disruption to the 'risk-off' conditions that had engulfed the market since last Friday's ramp-up in the trade war escalation. Whether Trump hallucinated (manipulated) the market when saying China wants to return to the negotiating table after receiving a call or not, what's clear is that he still holds the power and has the ability to move the markets by acting as a circuit breaker. The round trip in the Aussie as the primary G10 FX proxy for China left many scratching their head but that's the dicey ... (full story)
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