Trump’s decision
on Iran nuclear deal in focus
It
could be said that there is a cautious vibe across the financial markets on
Tuesday, as investors brace for President Donald Trump’s announcement on the
Iran nuclear deal later today.
Asian
shares were mostly higher as Chinese trade data exceeded estimates, while
European stocks edged lower amid the cautious trading mood. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
Although
President Trump is widely expected to withdraw the United States from the 2015
nuclear deal, lessons from the past have repeatedly taught investors that the
US administration can be highly unpredictable.
An
unexpected scenario, in which Trump announces that the US will remain in the
nuclear deal, should be warmly welcomed by investors. Alternatively, risk
aversion may intensify if he moves forward with the “nuclear option”, which
reimposes all sanctions on Iran and pulls the US out of the deal. Whatever the
outcome of Trump’s decision, we are not ruling out ramifications on the
financial markets. Global stocks, Oil and safe-haven assets are just a few of
the instruments that could be impacted.
Oil markets wait
for Trump
WTI
Crude eased slightly lower on Tuesday, with prices dipping towards $69.80 as
investors positioned themselves ahead of Donald Trump’s Iran announcement later
today. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
WTI
bulls could be injected with fresh inspiration to boost oil prices higher, if
Trump withdraws from the nuclear agreement.
Taking
a look at the technical picture, WTI Crude remains bullish on the daily charts.
There have been consistently higher highs and higher lows while the MACD trades
to the upside. A solid daily close above $70.00 could encourage an incline
higher towards $71.00. Alternatively, a failure for bulls to keep prices above
$70.00 could encourage a decline to $69.00.
Currency
Spotlight – USDJPY
The
USDJPY could be injected with explosive levels of volatility today depending on
how markets react to Donald Trump’s pending announcement. If risk aversion
intensifies following Trump’s decision on the Iran deal, the flight to safety
could boost the Japanese Yen. Focusing on the technical picture, the USDJPY is
firmly bullish on the daily charts.
Prices
are trading within a daily bullish channel while the MACD has crossed to the
upside. Prices have scope to challenge the 109.70 level, if bulls are able to
defend 109.00. Alternatively, a breakdown below 109.00 could invite a decline
towards 108.40 and 107.80.
Commodity
spotlight – Gold
An
appreciating US Dollar has punished Gold today, with prices sinking towards
$1309 at the time of writing.
The
fact that the yellow metal remains under pressure despite market caution ahead
of Trump’s announcement highlights a lack of buying sentiment. There is a
suspicion that market expectations of higher US interest rates will remain a
risk to Gold. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
Taking
a look at the technical picture, prices are coming under increasing selling
pressure on the daily and weekly charts. Previous support around $1324 could
transform into a dynamic resistance that encourages a decline towards the
psychological $1300 support level.
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