Carry Trade Sentiment

Former U.S. President Donald Trump is scheduled to embark on a state visit to China from May 13th to 15th, following an invitation from President Xi Jinping. This visit comes at a critical juncture as both nations grapple with ongoing trade disputes and rising tensions surrounding Iran. The geopolitical landscape has been marked by a notable shift in sentiment, reflected in the adjusted sentiment score of 100, indicating extreme greed among market participants. This heightened sentiment comes despite a recent decline in momentum, with a three-month rate of change (roc_n3) of -0.112, suggesting a cautious outlook among investors. Furthermore, the topic coverage has reached 36, highlighting the significant attention this diplomatic engagement is garnering, as market stakeholders remain keenly focused on the potential implications for global trade dynamics and economic stability.