Frank Walbaum
FX Strategies.Asia
Important News for the day
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Thu, 13th, 13:30 CET US Producer price index/unemployment claims.
PPI data to guide markets
The producer prices from the US today might cause the Dollar to weaken further. Will the PPI data also weaken further, like consumer prices have shown earlier this week? The US- Dollar looks set to weaken further against most other currencies. Yet, the AUD remains in negative territory and reflects the current risk sentiment. Falling equities might cause the Aussi to weaken further.
Market talk
Markets show some mixed signs so far for the day. Since potential ceasefire talks in regards of the war in the Ukraine remain ongoing this might add to the situation. Stock markets have partly resumed their slide in prices. While US stocks remain more shaky their European and Chinese counterparts remain better off for now. Prices for crypto also show such movement and remain prone for further profit taking for now. Oil prices have started to move higher. The important technical support zone at USD 66.00 seems to hold for now.
Tendencies in the markets
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Equities weaker, USD weak, cryptos weaker, oil sideways, Silver sideways, Gold positive, JPY weak.
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