Important news looming, central banks reporting
|Important News for the week
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Mon, 16th, various - PMI data all day.
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Tue, 17th, 14:30 CET CA Consumer prices index.
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Wed, 18th, 08:00 CET UK Consumer prices index.
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Wed, 18th, 20:30 CET US FOMC interest rate decision.
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Thu, 19th JP BoJ interest rate decision.
Trump crypto
Trump’s World Liberty Financial is seemingly starting to buy digital tokens. The project has been promoted by his family members. It is being said that “several millions” of tokens had been acquired according to Bloomberg. The move also aims to start a decentralized finance lending platform.
Market talk
The Dollar is resuming the week with slight strength. The USD- index is set to rise and might break above the technical resistance area of 107.00. Higher levels might point to a technical breakout n the index leading to further strength in the Greenback. Furthermore, indices resumed the recent upside with no weakness in sight. The Nasdaq and S&P 500 indices show positive signs ahead. Vice versace precious metals confirmed a technical resistance area. It seems that Gold and in particular Silver will start to weaken for now. Silver currently trades near the psychological USD 30.00 zone, which could hold the market up from falling further. A break of such level migh indicate more selling pressure.
Tendencies in the markets
- Equities sideways, USD stronger, cryptos mixed, oil sideways, Silver weak, Gold weak, JPY weak.
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