Frank Walbaum
FX Strategies.Asia
Important news for the day
- Thu, 04th, 14:130 US NFP employment data
Oil
Since the tensions in the Middle East continue to remain a big topic also oil prices remain affected. Should Israel attack crude Oil facilities in Iran the situation might grow further. After prices had fallen towards the USD 68.00 level they finally ran up an currently trade above the USD 74.00 zone. Yesterday the market closed even above the 50- moving average based on the daily chat. Market participants might cause prices to rise further since the uncertainty grows.
Market talk
The Dollar is heading higher into Friday’s trading. Today the biggest news with the release of the NFP data might shake up markets. Indices seem reluctant to move higher for now and remain behind their recent high- points. Gold is running higher and Silver could follow the positive trend. The Japanese Yen on the other hand hand might continue to remain in a sideways pattern and could also strengthen against other currencies.
Tendencies in the markets
- Equities correcting, USD stronger, cryptos weak, Oil strong, metals positive, JPY stronger.
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