Dollar strength

Important news this week:

Fri, 24th, 08:00 CET UK Retail Sales.

Dollar strength

The slight strength of the Dollar might inhibit positive momentum for the equity market, while no news from the war with Iran can be found currently. The DXY has broken higher and also crossed the 50- moving averag elevel based on the daily chart. the uptredn of the Greenback might hence start to emerge further. If the interest rate remains at higher levels to counteract the pressure of inflation the positive sentiment might continue. Higher yields and defensive flows continue to underpin strength, keeping pressure on major counterparts. As long as uncertainty lingers, the Dollar remains well bid. 

Market commentary

Markets are quiet as participants wait for fresh catalysts, with little new information driving price action. Iran-related tensions remain muted, no new talks have been announced, and the Strait of Hormuz remains closed, keeping a layer of underlying risk in place. The ceasefire between Lebanon and Israel adds some stability, reducing immediate geopolitical pressure. Overall, liquidity is thinning into the weekend, which could lead to mild retracements as positions get adjusted. In general, markets continue to balance macro signals, geopolitics, and central bank expectations, with short-term moves largely driven by sentiment rather than conviction. 

Tendencies in the markets

• Equities sideways, USD stronger, BTC positive, oil positive, Silver weaker, Gold weaker.