Equities lower, crypto weaker amid Dollar strength
Important News for the day
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Wed, 20th, 04:00 CET NZ RBNZ interest rate decision.
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Wed, 20th, 08:00 CET UK Consumer price index.
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Wed, 20th, 20:00 CET US FOMC meeting minutes.
Peace talks
In regards to potential peace talks between the Ukraine, Russia and the US a potential location has been found. Hungarian Orban offered Budapest as a place after talks with US President Trump. The government in Budapest pointed out several times in the past that they would veto against implementing further sanctions over Russia as well as offering military support for the Ukraine. The location is also meant to push Hungary to give up their policy of blockade against the Ukraine. Adding the Ukraine to the European Union would also enable them to received further support against potential future attacks from Russia.
Market talk
After the interest rate decision in New Zealand the US- Dollar started to resume some strength against other currencies. The Kiwi lost some momentum, while also the AUD was trading lower. Equities seem to correct as well with some potential strength of the Dollar as the risk sentiment is losing some momentum. Crypto markets are also heading to lower levels but have started the day rather positive so far. It might depend on the Nasdaq technology index on how they will perform. The prices of silver and gold keep moving to the downside as well as the demand is weakening currently.
Tendencies in the markets
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Equities lower, USD stronger, Bitcoin weaker, ETH sideways, oil sideways, Silver weaker, Gold weaker, JPY sideways.
Author
Frank Walbaum
FX Strategies.Asia
Frank has been working in the TV business for several years. Acquiring his skills in Germany’s biggest broadcasting station, he then chose to work and live in Asia, which was in 2007.
