Important News for the day
- Fri, 14th, 14:30 CET US Retail sales.
US tariffs
US President Trump signed an new order for the implementation on reciprocal tariffs. Tariffs from countries, where the US currently would procure less than their trading partners might then be increased. Earlier this week Trump pointed out that Australia would be excluded as the United States would have a surplus with their counterpart. As figures are currently being checked it would still take time until implementation. Furthermore this would also offer further room for potential solutions in bilateral agreements.
Market talk
With the weakness of the Dollar comes further fresh positive momentum in equities. Most indices run higher, with in particular Chinese stocks leading the way for fresh gains so far. Also US tech like the NAS100 keeps going, which could be a reason why crypto markets show a positive sentiment as well. Furthermore, also a strong push in Silver can be seen in markets. The price of XAGUSD nearly moved one Dollar currently trading well above the USD 33.00 handle. Also oil price look positive and might move higher, potentially driven by the weakness of the Greenback.
Tendencies in the markets
- Equities positive, USD weaker, cryptos positive, oil positive, Silver strong, Gold positive, JPY stronger.
