Mega deals in the Middle East – Aussie rising

Important news for the day
- Wed, 14th, 03:30 CET AU Wage Price Index.
US politics
Trump’s visit in the Middle East might further support the positive market sentiment. Upside potential might be seen in general and it could be debated whether the gifts for the US President should be questioned further (who does not want a free Air Force One?). In general the easing tensions on most fronts might support business activities further. A potential further delay in tariffs would support corporate planning and continue to support the market sentiment. On the other hand Gold prices seem to weaken further despite the weakness of the Greenback. This might be a sign of the positive risk sentiment. Silver might rise and could be driven by fresh demand and the weakness of the Greenback.
Market talk
After we closed our trades in the EURUSD, GBPUSD and USDJPY the market seemingly turned around. Some weakness in the Greenback might hence now be expected and with the potential renewed weakness in the Dollar upside momentum in equities might also be seen. The S&P 500 is trying hard to break the resistance area of 5,870, which is currently happening. Weaker consumer prices out of the US might support the positive view as the Fed might be expected to cut rates at some point. The positive sentiment also helps the crypto market to run higher. Should Bitcoin break the technical resistance zone at 106,000 more upside might be seen.
Tendencies in the markets
- Equities positive, USD weakening, cryptos positive, oil positive, Silver positive, Gold weaker, JPY mixed.
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.

















