Trump speech in Davos to shed light

Frank Walbaum FX Strategies.Asia

Important news for the week

Wed, 21st, 08:00 CET UK Consumer price index.
Wed, 21st, 14:30 CET US President Trump speech.

Risk sentiment

The general risk sentiment in markets remains negative. While equities correct also crypto markets remain under pressure and saw anotherbearish trading session throughout yesterday’s trading. Furthermore also the Dollar is losing momentum. Since Trump took office the trust in the Greenback has been negative and the direction seems to continue to weaken further. On the flipside Gold and Silver continue to shine bright. No signs of investors taking off cash from the strong trends and the bullish sentiment is unbroken.

Market talk

As the world eyes the current developments in the developing stories the focus goes to the World Economic Forum in Davos. Today’ Donald Trump is expected to host a speech there. It is expected that differences might be removed soon as Trump pointed out. He stated that he is expecting an end of the conflict and remains optimistics. The usual bluff like in the trade war we have been used to from before? In general traders should apply caution for now and use tight stop losses during current times.

Tendencies in the markets

Equities correct, USD weaken, crypto weak, oil lower, Silver positive, Gold strong.

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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