Oil rising, Iran falling
|Important news for the day
Wed, 14th, 14:30 CET US Producer price index / Core Retail Sales.
US data
Today, traders will focus on the news releases from the US. Producer prices might cause some fresh volatility in markets. Yesterday’s consumer prices have been slightly weaker, yet without much market momentum thereafter. Instead, the Dollar started to resume some strength in the hurs after the release and might now resume its bullish trend. On another note, traders should also focus on the release of the retail sales. Despite not being extremely important they might also guide markets. Furthermore Bitcoin and Ethereum among other tokens have started to move slightly higher. The bullish momentum might hence start gearing up pace should the positive trend continue to last.
Market momentum
According to activists in Iran, the government had already killed more than 2,500 people during the protests. More than 2,400 protesters, who were critical of the government had seemingly been among the victims while about 150 people had been connected with the leaders in Teheran. Oil prices, in the meantime, have resumed their way moving higher. Yesterday, USOIL rose towards the USd 61.50 level, before slightly correcting during today’s trading. Due to the geopolitical tensions the market might continue to rise for now. On the other hand stock markets started to move slightly lower as profit taking has been setting in. The S&P 500 and the Nasdaq both started to move slightly lower. At the same time the German DAX keeps pushing higher, still. Also Chinese stocks remain well- bid as the positive trend keeps pushing markets higher.
Tendencies in the markets
- Equities mixed, USD stronger, crypto positive, oil positive, Silver positive, Gold strong.
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