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Euro/USD Slips As Uncertainty Increases

ByCan İlker
Published 09/25/2017, 02:25 AM
Updated 07/09/2023, 06:31 AM
  • On Friday, US indices followed a mixed course, mostly in the green area, with slight moves because of the increased geopolitical tension by North Korea. Due to analysts, markets gained resistance to the tension among the North Korea and the US.
  • Yesterday, Angela Merkel won the German elections for the fourth time with 32.5%. However, AfD took 13.5% of the votes, which increased the risks to form a coalition in Germany. Therefore, EUR/USD slipped as USD gained strength.
  • Another uncertainty came from New Zealand where no majority is established to form a government.
  • Due to increasing geopolitical tension and risks in China, Asian markets performed a mixed course where ishares MSCI Asia excluded Japan is 0.75% down. The possibilities to support the sales are high.
  • Parallel to Asian markets, due to uncertainty in Germany and increased risks in Iraq because of the referendum a 0.20%-0.25% negative opening is expected from BIST 100, which has a high possibility to gain support with the US dollar.
  • Newsflow on the referendum and Germany will be watched for the local market and currency.
  • On the other hand, the statements which will be made by Draghi and Dudley will be the primary focus of the markets.
  • Gold moves forward, as a safe harbour for the global investors, where the global risks continue to increase.

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