Israel–Gaza truce proposed – Markets react

Frank Walbaum FX Strategies.Asia

Important News for the day

Wed, 02nd, 14:15 CET US ADP Employment Change.

Israel truce

According to US President Trump, Israel will be ready for a 60 days truce between them and Gaza. Further talks should be held where the US will be involved as well as Qatar and Egypt to prevent further killing. So far seemingly no statements by the Hamas had been made in order to start an agreement. Trump said the situation would only turn worse if they won’t sign a deal. Currently Gold prices as well as oil remain capped and might weaken further if positive signs emerge.

Market talk

The Dollar does not lose further momentum for now as markets might be ready for a stronger Greenback. Most currency pairs start to push slightly lower, showing potential strength amid stronger US- data. JOLTS job openings came out stronger than expected last night and today;s ADP data might also offer more clarity today. Despite the momentum of the Greenback the positive risk sentiment seems to continue. Equities move higher and Bitcoin and Ethereum in particular might be ready for a bounce above their recent highs.

Tendencies in the markets

Equities positive, USD potentially stronger, Bitcoin positive, ETH positive, oil weak, Silver sideways, Gold weaker, JPY stronger.

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.

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