The scenario is completely crazy, unpublished, breathtaking … in other words: Trumpian!
After having hammered since Monday, and the ‘hoax’ of a suspension of ‘prices’ for 90 days, that the application of surcharges had left to last, he announced in full session, at 7:25 pm, that the ‘rates’ will actually be suspended … for 90 days.
Questions on manipulation in historical market proportions (from all markets) will not fail to fuse, but for the time being, the dollar resumes 1.7, the euro folds up by 0.2%, from 1.1095 to 1.0915 to stabilize around 1.0950.
The word balance is indeed suited since the ‘$ -Index’ displays +0.05% to 103.00 after a floor of 1.0185.
The greenback resumes +1.2% against the yen and +2.8% from the lowest of the day (144 then 148 this evening), +1% against the Swiss franc … but the most spectacular gap of the day comes from the Australian dollar with +3% to 0.6150.
Nice ascent also of the $ -Canadian (CAD) with +1% to 1,4100 and symmetrical withdrawal from the Swiss franc around 0.8560 against the dollar, -2% against the ‘CAD’.
$’s demand has leaps while the NASDAQ resumes more than 12% (probably one of the strongest increases in history since 2001 … and certainly the strongest in history for the SOXX with +18% and for Apple since 1998 and Tesla has flown by +22%, undoubtedly a record increase), the S & P500 almost +9.5%.
The shadow on the board comes from T-bonds which are stretched by +10pts to 4.3600%, the ‘2 years’ from +15pts to 3.890% after the 4.00% test (as if the Fed was going to raise its rates of 25pts).
The day was free from any macroeconomic indicator but in Europe, but the ‘Gilts’ undergo a tension of +6pts to 4,8500% which allows the book to progress by +0.3% against $.
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