Important news looming, central banks reporting

Frank Walbaum FX Strategies.Asia

Important News for the week

Mon, 16th, various - PMI data all day.
Tue, 17th, 14:30 CET CA Consumer prices index.
Wed, 18th, 08:00 CET UK Consumer prices index.
Wed, 18th, 20:30 CET US FOMC interest rate decision.
Thu, 19th JP BoJ interest rate decision.

Trump crypto

Trump’s World Liberty Financial is seemingly starting to buy digital tokens. The project has been promoted by his family members. It is being said that “several millions” of tokens had been acquired according to Bloomberg. The move also aims to start a decentralized finance lending platform.

Market talk

The Dollar is resuming the week with slight strength. The USD- index is set to rise and might break above the technical resistance area of 107.00. Higher levels might point to a technical breakout n the index leading to further strength in the Greenback. Furthermore, indices resumed the recent upside with no weakness in sight. The Nasdaq and S&P 500 indices show positive signs ahead. Vice versace precious metals confirmed a technical resistance area. It seems that Gold and in particular Silver will start to weaken for now. Silver currently trades near the psychological USD 30.00 zone, which could hold the market up from falling further. A break of such level migh indicate more selling pressure.

Tendencies in the markets

Equities sideways, USD stronger, cryptos mixed, oil sideways, Silver weak, Gold weak, JPY weak.

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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