US stocks slightly positive, Oil rising and sanctions worry markets

Frank Walbaum FX Strategies.Asia

Important news for the day

Tue, 14th, 14:30 CET US Core PPI

US trade policies

After newly imposed sanctions on Russian oil and gas companies oil prices have resumed fresh upside momentum. Furthermore TikTok is seemingly considering their sale of the US entity. The operations might be sold to investors like Elon Musk, in order to keep their business alive. In general inflation data might resume upside potential in the coming weeks, especially with Donald Trump’s potential protection measures. A rise in fresh tariffs would eventually cause harm also to the US economy.

Market talk

After the Dollar was gearing up steam yesterday markets seem to turn around for now. Most pairs have geared momentum against the Greenback. An obvious push higher can be found in the GBPUSD currently. Bouncing off a strong support zone upside momentum could emerge. Vice versa crypto markets have started to push higher again. After having started negative this week Bitcoin among most other tokens went to higher levels again. In general equities also resume with a positive bias, despite the bearish candlestick patterns off the long- term charts.

Tendencies in the markets

Equities positive, USD weak, cryptos positive, oil strong, Silver sideways, 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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