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.

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