Epstein Secrets

ou might not get back the amount originally invested at any point in time. Your capital may be at risk. CIO Office, Deutsche Bank Wealth Management, Deutsche Bank AG - Email: [email protected] FX ..IPY and CNY trends • The USD has weakened in recent days, due to declining expectations of a Fed rate hike over the ne

115 100 110 105 100 95 90 . Jan 2016 Mar 2016 May 2016 Jul 2016 JPY —CNY Figure 4: JPY/USD and CNY/USD trends compared in 2016 Source: Bloomberg Finance L P. Deutsche Bank Wealth Management. Date as of August 9. 2018 p.8 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0073587 CONFIDENTIAL SDNY_GM_00219771 EFTA01377053

ou might not get back the amount originally invested at any point in time. Your capital may be at risk. CIO Office, Deutsche Bank Wealth Management, Deutsche Bank AG - Email: [email protected] Commodities Crude oil raly hits the usual inventory obstarThs • Oil prices have rallied over much of the past week. Markets

$45-47/bbl range. 20 10 0 Jan 2015 Apr 2015 Jul 2015 Oct 2015 Jan 2016 Apr 2016 Jul 2016 Figure 3: WTI crude oil prices over 2015-2016 Source: Bloomberg Finance L P. Deutsche Bank Wealth Management. Data as of August 17, 2016. p.7 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0073586 CONFIDENTIAL SDNY_GM_00219770 EFTA01377052

ou might not get back the amount originally invested at any point in time. Your capital may be at risk. CIO Office, Deutsche Bank Wealth Management, Deutsche Bank AG - Email: [email protected] p.6 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0073585 CONFIDENTIAL SDNY_GM_00219769 EFTA01377051

of the Week -1 2011 2012 2013 2014 2015 2016 U.S. Germany --- U.K. —Japan —China Figure 2: 10? government bond yields compared Source: Bloomberg Finance L P. Deutsche Bank Wealth Management. Data as of August 17, 2016. Deutsche Bank Wealth Management No assurance can be given that any forecast or target can be achieved. Forecasts are