Today the currency market is also calm. Despite the fact that Europe has a business day, no significant reports from the EU are expected. In the second half of the day reports from Canada about the volume of wholesale sales and data on the real estate market from the United States will be published.
The commodity market is more active. Oil continues rising in price and has already overcome another psychological mark at $65, confidently approaching the maximum of $70. The market continues to take into account the tightening of sanctions against Iran in order to practically stop the purchase of Iranian oil. Gold at the same time continues falling in price despite the deterioration of relations between Iran and the United States. Demand for risky assets remains high, and commodity currencies are supported by rising commodity prices.
Tomorrow we will have a much more active day. Investors are waiting for macroeconomic reports from Australia, the USA, the EU, and Canada. In addition, data on weekly oil reserves in the United States will be published. That is why investors are not active today.
