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Protective Assets Respond to Middle East Conflict with Growth

US and Chinese trade delegations met last week. Despite the positive signals from representatives, financial markets do not expect the economic confrontation to end soon. Also, the world community is concerned about a possible conflict between the US-Arabian military and Iran.

Economic calendar
September 23 is a day off in Japan, which is why Japanese financial markets will be closed.

10:30 (GMT+3) September index of business activity in the manufacturing sector (PMI) was released. The indicator was below the forecast by 2.6 points: 41.4 instead of 44 points.

Economic calendar Sept 23

Oil. Oil continues to rise amid a conflict between the US-Saudi Arabia and Iran but is declining on Monday. In the morning, WTI crude oil is $58.3. Brent futures are trading near $64.4.

Gold. The protective metal is growing on September 23. In the morning, gold is trading around $1,519. Some analysts forecast gold to rise to $1,550 and above amid a conflict in the Middle East.

Currency. On Monday, the DXY dollar index is up 0.2%. In the morning, DXY is 98.7 against the basket of major currencies.

On the morning of September 23, the dollar is getting cheaper against the yen. In the morning, the pair USD/JPY is trading at 107.4.

Euro (EUR) is declining on Monday. In the morning, the EUR/USD pair falls by -0.3% and is trading near 1.0976.

The outcome of Brexit is still unpredictable, which negatively affects the pound sterling (GBP). On the morning of September 23, the GBP/USD pair is reduced by -0.4% and is trading at around 1.2428.

Cryptocurrency. Bitcoin (BTC) is getting much cheaper and trading around $9,915. In the morning, Ethereum (ETH) is down -1% and is trading near $208.9. Litecoin (LTC) is growing at 1.7% to $73.4.

 Trading Signals
(Interval one day)
Signals Sept 23 forex Signals Sept 23 crypto
Important. This article does not contain any calls for transactions or trading recommendations. Traders are responsible for their decisions. The judgments presented here are the personal opinions of the author.