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The current market sentiment

Published 02/25/2007, 07:00 PM
Updated 03/09/2019, 08:30 AM

The currency market is waiting for this week manufacturing data. It is not expected to watch a major change in the currency market by these data.

But the current geopolitical concerns resulted from the Iranian case contain the market sentiment biding the oil, gold and the other commodities currencies higher. There is no expected change of the Iranian position to stop its uranium enrichment processes but it is not expected to watch a military action against Iran in spite of the ascending language of US and the demand for a new resolution from the UN Security Council.

Gold could creep up above 660 levels and it is just shy of 700 levels now waiting for further aggressive words!

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