Big news might shake up markets today

Important news for the day

• Wed, 10th, 14:30 CET        US        Producer price index.

French protests

After the failure of the government in France protests are expected to pick up stea today. About 80.000 police officers are prepared to act as riots in the country are expected to continue also today. The anger is forming as the government continued to implement austerity measures. Parts of the population across the country are now expected to stop public life. Train lines as well as main highways might face disturbance by the newly formed group "Bloquons tout". The EUR remains stable for now and does not show any signs of negative momentum. France is the second biggest economy in the Eurozone.

Market talk

Traders await the import news from the US today. The producer price index is expected to weaken to 0.3% on a monthly basis after the sharp rise to 0.9% last month. Yet a potential rise in particular due to the added tariffs might cause the number to rise again causing the Dollar to gear up momentum as well. Currently, markets remain in a sideways pattern and currencies mostly flat without clear direction. On the other hand, equities continued to rise again with the S&P 500 having created a new all- time- high. The positive move might continue depending on the momentum of the Dollar. The GBP is showing potential signs of weakness based on the daily chart. Oil prices are rising slightly but might be prone for further losses. The momentum of the Dollar will likely cause more impact as well.

Tendencies in the markets

• Equities positive, USD stronger, BTC positive, ETH sideways, oil sideways, Silver sideways, Gold sideways, JPY weaker.