Geopolitcal tensions on edge – Markets rise

Important news for the week

• Tue, 21st, 14:30 CET        CA        Consumer price index.
• Wed, 22nd, 08:00 CET        UK        Consumer price index.
• Fri, 24th, 09:30 CET        DE        Flash manufacturing PMI.
• Fri, 24th, 10:30 CET        UK        Flash manufacturing PMI.
• Fri, 24th, 14:30 CET        US        Consumer price index.
• Fri, 24th, 15:45 CET        US        Flash manufacturing PMI.

Ukraine war

The World keeps running after new statements from the US President. The latest news of Donald Trump pointed out that the Ukraine should accept a plan of the Russian President, after which the Donbass region will be split. Despite previous US comments that the Ukraine would be able to defend themselves with the support of European Allies the news will be negative for Zelensky. In order to end the fighting the current war frontline should be frozen. Else the Ukraine will be destroyed by Russian forces. Oil prices remain calm during the start of the week and Gold keeps trading in a sideways pattern.

Market talk

With the start of the new week also strength of the Dollar resumes momentum causing markets to move higher. The positive sentiment of the Nasdaq might also help pushing the DAX higher. The focus might be on SAP earnings to determine fresh positive momentum. The Dollar remains in a sideways pattern, while the price of Gold is retracing slightly. A potential correction in the Silver market might also be on the cards as the technical pinbar pattern might indicate a correction, which would just be helpful given the strong trend to the upside.

Tendencies in the markets

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