Trump rhetoric, volatile markets and Metals all over the place
|Important News for the day
- Tue, 26th, 01:30 CET AU Consumer confidence.
Trump tariffs rhetoric
Designated US President Trump is planning to impose high tariffs on goods from Canada and Mexico. The impact on North American trade might, hence, be significant and could also harm the US economy at some point. Consumers would need to face rising prices. Many goods aren’t produced in the United States, which would cause prices for companies to rise for their production. Furthermore, affected countries would likely also add tariffs to their imports, which could increase costs further.
Market talk
The US- Dollar is losing some steam against other currencies at the beginning of the week. Most currencies gear up some steam against the Greenback. Crypto markets, however, seem to be rather reluctant to move to higher levels and start to correct slightly. In particular Bitcoin was not able to break the USD 100.000 level for now. Furthermore stock markets show different momentum. While the NASDAQ and S&P 500 keep heading sideways the Dow Jones was able to gear up further steam. Upside momentum might be limited, though, as technical indicators suggest.
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USOIL: we like to sell at 68.70 with SL at 71.20 and open TP.
Tendencies in the markets
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Equities mixed, USD weaker, cryptos sideways, oil weaker, metals sideways, JPY stronger.
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