Currencies
EUR/USD: The pair pulled back 0.1% to 1.0590 in trading this morning after the European open. Trading is expected to be flat ahead of the German economic sentiment, UK price inflation and EU production out later today.
USD/JPY: The currency pair is down 0.4% to 110.50. This is extending losses on the week ahead of the Bank of Japan’s lending rate released later tonight.
Indices
Asian Markets fell on Tuesday as investors are looking for safer assets such as the Yen as uncertainty in the middle east looms large. The Nikkei was down close to 0.3% as the strengthening Yen pushed the index as low as 18655.
European futures are also off to a flat start this morning with most pairs trading within a 0.1% range ahead of news releases later today. The Dax in Germany is up slightly to 12,212, while the Cac in France is flat at 5099.50.
US futures are trading down in the early morning session as investors wait and see what President Trump’s next move may be on Syria. The Nasdaq was the biggest loser of the morning down 0.2% to 5418.
Commodities
Crude Oil: Oil futures have reversed this morning as rising shale oil production has offset the geopolitical tensions in the middle east. WTI dropped about 0.15cents to $52.87 a barrel.
Gold: Due to all the political uncertainty in France ahead of the election and last week’s missile strikes on Syria, investors looking for safer assets are heading into gold. The precious metal was up 0.4% in early trading reaching 1258.50 this morning.