A story about postponed tariffs and volatile markets
Important news for the day
- Tue, 04th, 16:00 CET US JOLTS job openings.
- Tue, 04th, 22:45 CET NZ Unemployment rate.
Market moves
Market continue to show strong impact on US policies. Traders should expected the volatility to remain high. Yesterday, the positive sentiment returned in markets in general. Equities continues with their upside and crypto markets moved to the upside again. Worth noting that in particular, the CAD could be on track to gear up steam again. The EURCAD currency pair shows a strong trend to the downside for now.
Market talk
After the initial strength of the Dollar some weakness can now be seen in markets. Since the White House postponed the new tariffs by another month the Greenback lost some momentum. However, markets might react differently long- term. The EUR, similarly to the AUD might lose momentum towards the end of the month as the monthly candlestick pattern might suggest. The GBP on the other hand could continue with some positive momentum. Should the BoE not cut rates, which is currently expected, the Pound could continue with further strength.
Tendencies in the markets
- Equities sideways, USD weak, cryptos positive, oil weak, Silver positive, Gold positive, JPY weak
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