US stocks slightly positive, Oil rising and sanctions worry markets
|Important news for the day
- Tue, 14th, 14:30 CET US Core PPI
US trade policies
After newly imposed sanctions on Russian oil and gas companies oil prices have resumed fresh upside momentum. Furthermore TikTok is seemingly considering their sale of the US entity. The operations might be sold to investors like Elon Musk, in order to keep their business alive. In general inflation data might resume upside potential in the coming weeks, especially with Donald Trump’s potential protection measures. A rise in fresh tariffs would eventually cause harm also to the US economy.
Market talk
After the Dollar was gearing up steam yesterday markets seem to turn around for now. Most pairs have geared momentum against the Greenback. An obvious push higher can be found in the GBPUSD currently. Bouncing off a strong support zone upside momentum could emerge. Vice versa crypto markets have started to push higher again. After having started negative this week Bitcoin among most other tokens went to higher levels again. In general equities also resume with a positive bias, despite the bearish candlestick patterns off the long- term charts.
Tendencies in the markets
- Equities positive, USD weak, cryptos positive, oil strong, Silver sideways, Gold positive, JPY stronger.
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