Market Snapshot – Market Awaits Trump and Important Data

Trump to Reveal Iran Deal Decision

Financial markets hold their breath for Donald Trump’s decision on Iran nuclear deal. Trump will release his announcement at 18:00 GMT on what might cause volatility in the markets. US indexes are trading slightly lower and crude oil eased before the decision.

Crypto Markets Continue Correction

The cryptocurrency market has been quiet and steady over the last couple of days as the traders and the investors have been digesting the losses and contemplating on what they should be going next. It is likely that they may be getting ready for the next bullish leg but until and unless that happens, we cannot be sure on what the next direction for the market is going to be. We are going to see the entry of some major financial giants into the market over the next few months and this could add to the liquidity and the volatility in the market but it could also mean that the market will become more mature in due course of time, which is good for any market at any point in time. Again, this is something that only time will tell and till that, the traders and the investors will have to play a waiting game and whoever believes in the bullishness of the market in the medium and long-term should go about accumulating for now.

Gold Prices Subdued

Gold prices have also been consolidating in what has been a quiet market over the last couple of days. The instrument is coiling itself into a tight range and it is going to be a few more days before come clarify emerges. It could also be that the market is awaiting some important news and views from Trump and the inflation data from the US later in the week and this could also be weighing on the gold prices. The Fed has been confidently going about its job of controlling the rates and the economy and though the recent data has been a bit choppy, the traders and the investors would be hoping for better times ahead as far as the economic data is concerned but again, this is a waiting game as the market continues to consolidate.