Important news for the day
- Tue, 25th, 16:00 CET US CB consumer confidence.
UN resolution
The council of the UN security council agreed upon the resolution about the war in the Ukraine brought in by the United States. This resolution does not mention anything in regards to the sovereignty and the territorial integrity of the Ukraine. According to US President Trump all G-7 countries want to end the war. Furthermore French President Macron might bring Europe closer to being part of potential negotiations. Markets currently do not react much but might turn positive, if progress is made.
Market talk
Markets seem on the verge of changing direction in general. Equities remain tricky as they have resumed their downside momentum. Daily charts of the Nasdaq, S&P 500 as well as Dow Jones Industrial show a potential further slide as markets have broken the 50- moving average based on the daily chart. However, the German DAX keeps trading at elevated levels and still looks positive for the time- being. On the other hand also Silver looks poised for further losses similarly to the oil market. Crypto markets seem to favour US tech and keep turning to the downside.
Tendencies in the markets
- Equities weak, USD stronger, cryptos weaker, oil weak, Silver weak, Gold sideways, JPY stronger.
