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Peace talks in Abu Dhabi to guide markets

Frank Walbaum FX Strategies.Asia

Important News for the day

Tue, 25th, 14:30 CET US Core producer price index/retail sales.

Ukraine peace talks

After delegations of the United States and the Ukraine had met in Geneva over the weekend, peace talks are expected to continue in Abu Dhabi today. The meeting will host officials from Russia, the Ukraine and the United States. currently, a 19- point peace deal is being prepared, which will be more in favour for the Ukraine. Territorial issues and the relationship between Nato, Russia and the US. They will be decided up by the Presidents of the nations. It is unclear whether all sides communicate together in Abu Dhabi but a potential positive outcome might support equity markets and cause the prices of Gold and oil to weaken.

Market talk

Markets continue to remain volatile. The Silver market started a strong rebound yesterday but currently fails breaking above the USD 51.80 level. If the price keeps trading below the USD 51.00 zone for the day further weakness might be found. the S&P 500 is currently trading at the 50- moving average based on the daily chart. A break above this zone might trigger fresh buying momentum during the US trading session. Currencies remain mixed: the is trading in a sideways range against most other currencies, while the JPY is gearing up some positive momentum. Oil prices also turn lower. USOIL keeps fading off the technical resistance zone at USD 59.00. The interest rate decision in New Zealand on Wednesday during the early hours might also cause the Kiwi to weaken further

Tendencies in the markets

Equities weak, USD correcting, crypto slightly positive, oil weak, Silver weak, Gold sideways.

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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