Peace talks, the JPY and the Dollar

Frank Walbaum FX Strategies.Asia

Important News for the day

Tue, 20th, 06:30 CET AU interest rate decision.

Ukraine war

Despite the initial gathering ending after just 1,5 hours last week, there seems to be some momentum in the development of the Ukraine war talks. Donald Trump had a call with Wladimir Putin yesterday and according to the statements Russia would still be in for peace talks. Trump stated, that the US would leave the role as a mediator as either side would need to give in. But before this would happen he still sees good chances that peace can be achieved: “He would not endeavour to find a peace solution if he was not convinced of this” The US president stated. Meanwhile the Gold price remains in a waiting pattern. One one hand it is trading on top of an important support level, whereas on the other hand it keeps trading sideways after the big run higher in recent months.

Market talk

The Dollar started weaker into tis week and the momentum might continue this way. The EUR, GBP and other currency pairs geared up steam against the Greenback, while the USDJPY currency pair continues to push lower. While Bitcon looks set to break the technical resistance level at USD 105,000 altcoins remain in a waiting pattern. Oil remains sideways and similarly to Gold might be impacted by the outcome of Ukraine peace talks initially. The JPY is gearing up steam across the board and we will follow up here with more strength in the Yen.

Tendencies in the markets

Equities positive, USD weak, Bitcoin positive, Altcoins sideways, oil sideways, Silver weak, 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.

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