The weakening US currency will bring back demand for gold and Japanese yenYesterday, two days expectation for the first Donald Trump’s press-conference ended without significant positive dynamics. Global markets prepared for gains, but the day ended reservedly. Europe gained slightly amid oil technical pullback. America also gained with NASDAQ updating historic highs. The oil market proved to be the main driver as well – gas and oil sectors led the growth.
Markets brakes all eyes on Trump press conference. What is next?On Wednesday, despite European exchanges attempts to gain, the current market dynamics and global sentiment involve certain risks. Brent oil corrected below 55 dollars per barrel and the first of the elected President suggests a significant decline in risk appetite and sticking to waiting position.
Wednesday D. Trump press conference keeps market cautiousToday correction sentiment strengthened in global markets. The loss of upside momentum and a gradual transition to wait-and-see position comes amid approaching D. Trump inauguration and his first press conference, which will take place on Wednesday.
Is dollar correction over? Or it may not be a correction at all...On Friday, US stock markets finished the first New Year trading week on preholiday levels. NASDAQ has updated historic highs as technological DOW closed the day very close to psychological 20,000 points.
US Labor market data in the focus, Non-Farm will setup US dollar sentimentYesterday US stock markets closed mixed, amid large bunch of data on US labor market, negative outlook for the retail sector for 2017 and strong business activity index in the non-manufacturing and services sectors.
FED minutes intensified US dollar correction; greenback is strong while US index above 102, oil sets to rallyToday European markets started the day in a positive mood as indices traded in the green zone. Positive data from China and US decline in oil inventories had a positive impact on oil and precious metals. Strong oil has traditionally supported European markets. US indexes futures trade flat in the first part of the day.
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