Israel/Gaza war amid rising stock markets

Important news for the day
- Fri, 08th, 14:30 CET CA Unemployment Rate/Employment Change.
Israel /Gaza war
Recent comments from Israel might suggest that they want to take over the entire gaza strip.The fighting has intensified for the search of the remaining hostages and more and more territory has been seized by the Israeli army. Currently financial markets seem to be calm following this situation. Oil prices remain weaker and Gold prices also don’t show a major impact, here. The security cabinet pointed out that they want to take over gaza city, whereas taking over the entire region has not been explicitly mentioned. To be able to guarantee further safety Israel also pointed out that they want to control the coastline as well as controlling the Hamas that they will put down their guns.
Market talk
The Pound started to gear up some momentum following the interest rate decision yesterday. Since only five instead of the projected eight members of the bank voted for a rate cut the GBP geared up some momentum for now. Whether this remains the case might be debated. The general weakness of the Dollar could be, what’s behind the current moves, which seems to also support equities. Stock markets keep pushing higher again and the positive risk sentiment also helps the crypto space to rise. ETH keeps pushing and XRP might be ready to break to new highs, as the altcoin season offers more upside potentially. With noting that oil prices keep falling further. Currently, no direct outcome of the talks between Trump and Putin are being expected but markets already seem to discount their moves.
Tendencies in the markets
- Equities positive, USD weaker, Bitcoin positive, ETH positive, oil weaker, Silver positive, Gold positive, 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.

















