Markets prepare for Trump – Putin talks

Frank Walbaum FX Strategies.Asia

Important News for the day

Fri, 15th, 14:30 CET US Core retail sales.
Fri, 15th, 16:00 CET US Consumer sentiment.

Trump-Putin meeting

Markets might not be directly impacted now but traders should prepare their positioning for the meeting between US President Trump and Russian President Putin. In case any agreement might follow gold prices could weaken and oil could come under further pressure. This might as well be positive for European stocks, as they could rise again. The Eurostoxx index looks set to break higher indicating potential positive risk sentiment. Also the german DAX might break to the upside soon. Furthermore, crypto markets might rise, in particular since they are being traded as well over the weekend. In particular Ethereum could push higher if the marker is able to break the technical resistance pattern at USD 4,765.

Market talk

The weakness of the Dollar currently helps equities running higher. After a slight retracement yesterday more upside seems to emerge today. Gold prices keep losing some momentum as the positive risk sentiment returns. Oil prices also weaken but the market might act volatile depending on the outcome of the talks between Trump and Putin.

Tendencies in the markets

Equities positive, USD weak, Bitcoin sideways, ETH strong, oil weaker, Silver correcting, 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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