Trump signals fresh talks with Iran, Oil slides

Frank Walbaum FX Strategies.Asia

Important news for the day

Fri, 27th, 14:30 CET CA Gross Domestic Product.
Fri, 27th, 14:30 CET US Core PCE Price Index.

Iran talks

US President Trump wants to hold new talks with Iran in regards to their civil nuclear program. The government in Teheran remains quiet about it, whereas the foreign minister, Abbas Araghchi stated, that no concrete plans have been made for now. The government still evaluates, what would be their best interest. During the NATO Summit Trump hat said, that new talks will begin next week, yet without mentioning further details.. Meanwhile, oil prices continue to fall.

Market talk

Since geopolitical tensions have been easing stock markets resumed their upside momentum towards the end of the week. The positive sentiment in stocks has also been supported by the recent break of their all- time- highs as well as the weakness of the Dollar. Meanwhile Gold prices continue to move lower amid the positive risk sentiment, while Silver seems to remain capped for now. The end of the month might still face profit taking as markets might also prepare for a summer break. Thin liquidity should hence be observed by traders across the globe. The JPY looks se to then gear up fresh momentum in the coming weeks ahead.

Tendencies in the markets

Equities positive, USD weak, Bitcoin positive, ETH positive, oil weak, Silver sideways, Gold weak, 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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