Dollar weakness and positive risk sentiment

Important News for the day

• Wed, 28th, 03:30 CET AU Consumer Price Index.

• Wed, 28th, 04:00 CET NZ RBNZ Interest Rate Decision.

• Wed, 28th, 20:00 CET US FOMC Meeting Minutes.

Stock markets

Today markets might remain relatively quiet. After the public holiday on Monday, US equities have resumed trading in a positive pattern yesterday and the trend might continue as well for now. Further positive momentum might be seen in particular with the German DAX, which has broken out from the recent all- time- high. Further upside especially in the Eurozone might hence be expected. The positive sentiment continue to help the crypto market as well. Bitcoin might start a technical restracement due to some profit taking soon but seems well supported with the current rise of the NAS100 index.

Market talk

The weakness of the Dollar had faded initially but seems to return during European trading today. The weakness of the Dollar continues to help Gold and Silver, which both keep pushing higher. Especially XAGUSD might be ready to bounce to higher levels rather soon as technical patterns on the weekly and monthly chart suggest. Oil is currently trading sideways and might start to push lower. Geopolitical tensions don’t give a clear direction and hence the bearish trend based on the long- term chart might take over the market.

Tendencies in the markets

• Equities positive, USD weak, Bitcoin positive, Altcoins positive, oil sideways, Silver positive, Gold positive, JPY weak.