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The US dollar is lower as the trade war escalated with the addition of China by 50 % at the top of 34 % on American goods. The United States receives 104 % tariffs on Chinese goods. American stocks are less. American returns are currently higher with 10 years at 4.386 % after the return was low to 3.86 % on Friday. The return rises 12.6 basis points. The US Treasury will auction 10 years at 1 pm East time. It may be interesting to see the type of foreign demand will be there. Yesterday, a 3 -year auction was the highest tail at 2.4 basis points (the demand was not large).
Pesin says that the Chinese retaliatory tariff is unfortunate and that it is losing to them. The tariff talks with Vietnam will be held on Wednesday.
Meanwhile, Trump says the United States has many countries that want to make a deal. He said the tariff position is a good position. He announced that he will announce the definitions of medicines soon.
Procedures have consequences.
The dollar is less for all major currencies:
- Euro -0.81
- JPY -1.0 %
- GBP-0.31 %
- CHF -0.97 %
- CAD -0.38 %
- AUD -0.64 %
- NZD -0.25 %
The calendar is light with wholesale stocks to be released at 10 am with 0.3 % expectations compared to 0.8 % last month.
Oil stock data will be released at 10:30 am. With the inventory of crude oil to a rise of 1.421 million barrels, the distillation products are expected to increase by 0.264 million inventory, and it is expected that gasoline -1.513 meters.
A snapshot of other markets shows that stocks are less severe as implicit in futures contracts:
- Download Industrial External -760 Points
- S&P index below -88.52 points
- NASDAC -229 points decreased
In the American debt market, the returns are higher:
- Return for two years 3.797 %, +5 basis points
- 5 years return 4.055 %, +14.1 basis points
- 10 years return 4.450 %, +19.0 basis points
- 30 years return 4.913 %, +19.9 basis points
In other markets, oil decreased sharply on low global demand. Gold is sharply higher because it benefits from its safety as wars:
- Crude oil -3 dollars and 97 dollars or -6.63 % at 55.62 dollars
- Gold +84 dollars or 2.82 % at 3066.84 dollars
- Silver rises 0.78 dollars or 2.60 % and 30.58 dollars
- Bitcoin is $ 30 and 76,234 dollars
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