November 30, 2022

LQDFXperts Highlights 24.04.2018

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WORLD

Russia’s “irresponsible” behavior towards Syria conflict has drawn serious criticism by G7 foreign ministers on Monday who urged Russia “to cease this behavior” and to cooperate in resolving the crisis.

US western allies put pressure to Trump to stick to the Iran nuclear deal. Iranian President warns White House to respect the commitments otherwise US would face severe consequences.

Business confidence in euro zone declines; German business morale deteriorated for a fifth consecutive month in April, as economic data weaken.

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MARKETS

Aluminum dived of 7-year highs after the US extended the deadline for sanctions to Rusel, Russia’s giant producer, leading to the biggest one-day drop in eight years.

Oil prices held near 3-1/2-year peaks supported by supply cuts led by OPEC, as the demand rises due to geopolitical tensions escalation.

Gold pulled away from two-week lows on Tuesday, although the prices remained under pressure as U.S. yields approach 3 percent, lifting US Dollar index.

Dollar scales three-month high, boosted by U.S. 10-year bond yield which nears the psychologically key 3 percent level.

The greenback’s index against a basket of 6 major currencies keeps rising.

Yen, the safe heaven, has weakened as the Market mood improves while decline may be extended as risk appetite grows.

Euro pinned at two-month lows as U.S. yields weigh, forcing EURUSD to fall further to fresh lows.

Sources: Reuters, MarketsInsider, Investing.com, Financial Times

PLEASE NOTE The information above is not investment advice.