US Pres. Trump hints on a likely trade deal with China, risk-on at full steam

Dhwani Mehta FXStreet

The next tweet out by the US President Trump hints about a probable trade deal with China, citing: “One of the great things about the China Deal is the fact that, for various reasons, we do not have to go through the very long and politically complex Congressional Approval Process. When the deal is fully negotiated, I sign it myself on behalf of our Country. Fast and Clean!”

The underlying risk sentiment keeps strengthening, as the US gets closer to reaching a trade deal with China.

From the market perspective, USD/JPY is at two-month highs above the critical 108.50 level, with S&P 500 futures rallying 1.50% and the US benchmark 10-year Treasury yields soaring +5%. Major Wall Street Indices are up 1.50-2%.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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