Frank Walbaum
FX Strategies.Asia
Important News for the week
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Wed, 05th, 14:15 CET US ADP employment change.
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Wed, 05th, 16:00 CET US IMS Service PMI.
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Thu, 06th, 14:15 CET EU ECB interest rate decision + press conference.
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Fri, 07th, 14:30 CET US Nonfarm payrolls.
US crypto fund
Following the news from the White House on Sunday, that the government would start a crypto fund, some tokens have faced tremendous upside momentum. The mentioned tokens, which would initially be part of that are XRP, SOL, ADA as well as also mentioned BTC and ETH. Those markets have in particular moved higher yet might already face profit taking and continue with their recent slide, if no new buyers would step in, which seems currently to be the case.
Market talk
Markets continue to favour the Dollar for the time being. After the fallout between US President Trump and Ukrainian President Zelenskiy in the White House tensions remain calm. European politicians currently try to calm the situation by increasing their support for the Ukraine. Prices of Gold and oil continue to weaken and the trend might continue for now. Furthermore the AUDUSD currency pair is trading lower. The risk sentiment in equities might be crucial now with the NASDAQ and S&P 500 still showing a bearish divergence. A slide in prices and continuous shift towards Chinese equities might be found. Also, the JPY shows further signs of growth and might gear up steam in the coming weeks.
Tendencies in the markets
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Equities negative, USD stronger, cryptos sideways, oil weak, Silver weak, Gold weaker, 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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