Geopolitical tensions, a rising Dollar and NFP data looming – This cries for more volatility ahead

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.

Author

Frank Walbaum

FX Strategies.Asia

Frank has been working in the TV business for several years. Acquiring his skills in Germany’s biggest broadcasting station, he then chose to work and live in Asia, which was in 2007.

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