Important news for the week
- Tue, 20th, 14:30 CET CA Consumer price index.
- Wed, 21st, 20:00 CET US FOMC Minutes.
- Thu, 22nd, 09:30 CET DE Purchasing manager index.
- Thu, 22nd, 14:30 CET US Unemployment claims.
- Fri, 23rd, all day US Jackson Hole symposium.
FX markets
Currencies in Asia have geared up momentum in general.As the growth outlook remains rather positive also the FX markets shows a positive picture. Among the gainers are the Malaysian Ringgit, the Singapore Dollar, the Korean Won and also the Thai Baht. The appointment of a new Prime Minister in Thailand might also add positive momentum after political uncertainty. As we pointed out in our weekly outlook market video the JPY could continue to gear up further momentum for now. The Yen is not only gaining against the Dollar but also rising against most other currencies.
Market talk
The weakness of the Dollar might continue. Stock markets in particular show positive impact and continue to rise further. Also the prices for Gold and Silver continue to push higher. Whereas Gold might be fuelled by worries about the economy the price of Silver might be positively impacted due to the weaker Greenback. Furthermore the price of the CAD might show further momentum due to the news from Canada. Consumer prices could play a big role here.
Tendencies in the markets
- Equities positive, USD weak, cryptos sideways, oil weaker, metals positive, JPY stronger.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This Webinar is purely for information purposes. Transactions or orders are for illustrative purposes only and should not be copied by traders. The content has been carefully compiled. However, no liability can be accepted by FX Strategies. Asia and under no circumstances should this material replace a consultation with a certified financial, investment or investment advisor in terms of their accuracy. Further information on our risk warnings can be found on our website under fxstrategies.asia.
Recommended Content
Editors’ Picks
EUR/USD recovers toward 1.0400 as USD rally loses steam
EUR/USD recovers from daily lows toward 1.0400 in the American session on Tuesday. Following the earlier rally, the USD struggles to preserve its strength as the bullish opening in Wall Street's main indexes point to an improving risk mood.
GBP/USD stays below 1.2300 after UK employment data
GBP/USD rebounds from session lows but remains below 1.2300 in the second half of the day on Tuesday. The US Dollar clings to modest gains but finds it difficult to gather further bullish momentum as the impact of Trump's tariff threats fade.
Gold now targets the all-time high near $2,800
Gold gathers bullish momentum and trades at its highest level since early November above $2,730 on Tuesday. The benchmark 10-year US Treasury bond yield is down more than 1% below 4.6% following US President Trump's tariff threats, helping XAU/USD push higher.
Bitcoin fails to sustain the $109K mark after Trump’s inauguration
Bitcoin’s price steadies above the $102,000 mark on Tuesday after reaching a new all-time high of $109,588 the previous day. Santiment’s data shows that BTC prices quickly corrected, as social media showed major greed and FOMO among the traders in Bitcoin after President Donald Trump’s inauguration.
Prepare for huge US trade changes as Trump goes America first
You can be sure that big changes are coming as far as US trade is concerned, even if we didn't get any new tariffs on President Trump's first day in office. A comprehensive investigation into US trade relationships was initiated via a memorandum. China, Canada, and Mexico are clearly in the immediate firing line.
Trusted Broker Reviews for Smarter Trading
VERIFIED Discover in-depth reviews of reliable brokers. Compare features like spreads, leverage, and platforms. Find the perfect fit for your trading style, from CFDs to Forex pairs like EUR/USD and Gold.