All Attention on Trump

Economic News
08 Mei 2018
All Attention on Trump

The US stock markets show growth and the dollar continues his rally. Despite this increase, the price of oil yesterday updated its highs and the price of WTI crude oil exceeded the mark of 70 dollars per barrel. This stems from the anticipation of the decision of the head of the White House regarding the Iran nuclear deal.

As previously stated, Donald Trump intends to withdraw from the nuclear treaty with Iran. European leaders tried to dissuade him, and at the moment in Washington is the head of the British Foreign Office, Boris Johnson, who will try to persuade the United States not to back out of the deal.

Because the markets have already begun to fulfill the US withdrawal option, oil quotes in yesterday's trading were fixed up, in fear of what Iran can take away from the oil market.

All attention today will be focused on the speech by Donald Trump and his decision. Because of this, during the speech it is desirable to stay out of the market.

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