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Bull market without an end

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17.01.2020 – Daily Report. You probably already guessed it: Wall Street has already marked new highs. And now the DAX is also awakening – in Frankfurt the all-time high is finally within reach. Meanwhile, its little brother, the MDAX, is already showing what a storm at the top looks like.

A party for the bulls

Bullish news everywhere: The first part of the trade agreement between China and the USA is in the bag. Yesterday the US Senate also waved through an important free trade agreement. The Chinese economy is growing within the corridor envisaged by the government. The balance sheet figures of American high-tech and financial groups have been strong so far. Global trade is applauding. The odd small drop of bitterness from the American old economy has hardly curbed investors’ appetite for shares.

DAX lurks – MDAX at record high

As a result, the DAX climbed to 13,556 points on Friday afternoon, and was recently up 0.7 percent to 13,524 points. This brings the all-time high of 13,596 points from January 2018 back into view. We are curious to see whether the German stock market will now finally put the stagnation of the past few days behind it. Meanwhile, the MDAX moved to a new all-time high of 28,705 points on Friday morning. Most recently, the index of medium-sized shares remained in the profit zone at 28,682 digits, up 0.4 percent.

Optimism in Asia

Investors in Asia also showed courage: the Nikkei closed with a plus of 0.5 percent at 24,041 points. Here, the weaker yen and hopes of an upturn in global demand led to a 15-month high. In China, the CSI-300 rose by only a moderate 0.1 percent to 4,155. The Chinese economy grew by 6.1 percent in 2019, in line with government and analyst forecasts. However, this was the weakest growth since 1990, with brokers expressing hope that the bottom has now been reached in industrial production and retail trade.

The Trump bull market continues

Right here, right now: If you want to trade CFDs or online shares on the long side, you can’t avoid the US stock exchange at the moment. President Donald Trump scored another success after the China deal: the Senate approved the USMCA trade agreement with Mexico and Canada. As a result, all the major indices reached new highs in the bull market that has been going on for weeks now. The Dow rose by 0.9 percent to 29,298 points, the S&P 500 rose by 0.8 percent to 3,317 points. And the Nasdaq 100 climbed 1 percent to 9,125 points.

Investors also rewarded the company figures, which have so far been predominantly positive. Alphabet achieved a market capitalisation of over USD 1 trillion for the first time. The stock thus caught up with Apple, Microsoft and Amazon. In the banking sector, Morgan Stanley’s figures were convincing, with the share climbing 6.6 percent. In contrast, Alcoa disappointed, the stock slipped by 11.9 percent.

The upside-down world in Turkey

Meanwhile, traders in EURTRY rubbed their eyes in amazement: Yesterday the Turkish central bank lowered the 1-week repo rate from 12 to 11.25 percent. Analysts had expected this step. Thus the real interest rate adjusted around the inflation rate slipped with minus 0,6 per cent into the negative zone. Interestingly enough, the lira nevertheless rose against the euro – from 6.57 to 6.53. Analysts from Rabobank explained this by saying that the central bank had avoided a surprise. Nevertheless, the bank remains bearish, as urgently needed structural reforms are still pending.

What the day brings

Friday again brings some interesting dates – so you should make sure that your direct market access is open. As always, you can find the overview here: Market Mover
For example, at 02:30pm the American building permits for December are announced.
Shortly thereafter, at 03:15pm US industrial production for December is published
At the same time, the capacity utilization in December is reported.
And at 04:00pm the consumer confidence of the University of Michigan in January will follow.
The Bernstein-Bank wishes successful trades!


Important Notes on This Publication:

The content of this publication is for general information purposes only. In this context, it is neither an individual investment recommendation or advice nor an offer to purchase or sell securities or other financial products. The content in question and all the information contained therein do not in any way replace individual investor- or investment-oriented advice. No reliable forecast or indication for the future is possible with respect to any presentation or information on the present or past performance of the relevant underlying assets. All information and data presented in this publication are based on reliable sources. However, Bernstein Bank does not guarantee that the information and data contained in this publication is up-to-date, correct and complete. Securities traded on the financial markets are subject to price fluctuations. A contract for difference (CFD) is also a financial instrument with leverage effect. Against this backdrop, CFD trading involves a high risk up to the point of total loss and may not be suitable for all investors. Therefore, make sure that you have fully understood all the correlating risks. If necessary, ask for independent advice.

Morning Stock News

Donald Trump – a negotiation victim?

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Gold   1556,75
(+0,29%)

EURUSD   1,1137
( 0%)

DJIA   29278
(+0,14%)

OIL.WTI  58,51
(-0,12%)

DAX   13465
(+ 0,01%)

The news has come out that the U.S. and China have signed the first phase of the trade agreement. That is, the whole deal is still not in place. So far, we are talking about import conditions and customs duties on goods worth $250 million. Who was involved in signing the contract?


The S&P500 chart of the day

trading-news-sp500
Not the leader of the People’s Republic of China or even the Prime Minister, on the Chinese side, but just the Deputy Prime Minister. Well, he’s no equal to Donald Trump, not only by the standards of diplomacy, but also by simple human logic. The American president’s time is running out. There’s an election coming up and now he’s not like a hunter, he’s like a negotiation victim.

THE S&P 500

The American market does not even try to understand such details (relations between Trump and Chinese leaders). Having received the positive news, it continues to grow, showing the next historical peaks. The situation is repeating from year to year. Everybody is waiting for the crisis, and it keeps not coming. Everybody tries to short stock and then escapes from the shorts.
Against this backdrop, the DAX30 seems to be lagging behind. As we noted in recent reviews, investors are looking more negatively at the prospects of the European market.

Swiss franc

Thursday was another interesting day for the franc. Despite the huge positive sign of the US-China agreement, the pair showed a new low at 0.961. However, at some point the profit taking started. If on Friday the growth trend of the pair continues, we may see the minimum of the 1st quarter.

What is waiting for us today?

03.00 GDP data for the 4th quarter in China.
10.30 UK retail sales level for December
14.30 Started house-building data for December in the United States
16.00 University of Michigan USA Consumer Confidence Index January


Important Notes on This Publication:

The content of this publication is for general information purposes only. In this context, it is neither an individual investment recommendation or advice nor an offer to purchase or sell securities or other financial products. The content in question and all the information contained therein do not in any way replace individual investor- or investment-oriented advice. No reliable forecast or indication for the future is possible with respect to any presentation or information on the present or past performance of the relevant underlying assets. All information and data presented in this publication are based on reliable sources. However, Bernstein Bank does not guarantee that the information and data contained in this publication is up-to-date, correct and complete. Securities traded on the financial markets are subject to price fluctuations. A contract for difference (CFD) is also a financial instrument with leverage effect. Against this backdrop, CFD trading involves a high risk up to the point of total loss and may not be suitable for all investors. Therefore, make sure that you have fully understood all the correlating risks. If necessary, ask for independent advice.

Trade Up

Wall Street records after phase 1

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16.01.2020 – Daily Report. The New York Stock Exchange is on a quiet and steady upward trend. While investors in the USA are applauding the customs deal with China, investors in Frankfurt are playing coy. Many Asian stock exchange traders are also analyzing the small print for the first time.

Frankfurt slightly in the red

Shareholders’ capital is increasingly flowing to New York, while Frankfurt is still lagging behind: the DAX was down 0.1 percent at noon on 13,420 points. There is still a bit of air left until the all-time high at 13,596 points. Apparently, many investors who believe in chart analysis expect that the DAX will first have to close the upward gap it tore last week in order to pick up.

Caution in Asiae

Investors in Asia also tended to stay on the sidelines. The Nikkei closed with a minimal plus of 0.1 percent at 23,933 points. The major Chinese stocks in the CSI-300 lost 0.4 percent to 4,149 points.

Promises, Promises

Many brokers welcomed the completion of Phase 1 – delivered as ordered and announced by US President Donald Trump. The stock market loves reliability. In addition, the fact that China intends to buy US goods worth around 200 billion dollars over the next two years exceeded expectations. However, it remains to be seen whether and how Beijing will fill this promise with life. And as described in our Annual Outlook, the really important problems are only in Phase 2 – industrial espionage and favouring domestic companies in China. We are skeptical that Beijing will change its business model. In fact, China has bought itself time now. And Washington is keeping existing punitive tariffs as a disciplining whip. Presumably nothing will happen until the presidential election.

Records on the US stock markets

Gregory Gilligan, Chairman of the American Chamber of Commerce in China, commented on CNBC that there is moderate optimism among companies after the customs deal, despite the continuing uncertainty. The target of 200 billion dollars will be difficult to achieve, but this is better than no way to sell goods at all.
So Wall Street celebrated the deal. The Dow Jones rose 0.3 percent to 29,030 points at the closing bell – a new closing record. In the course of trading, the leading index had marked an all-time high at 29,128 points. The S&P 500 rose by 0.2 percent to 3,289 digits at the end of trading – this was also a new closing high. The Nasdaq Composite had also reached a record high in intraday trading, and the high-tech index closed with a moderate gain of 0.1 percent at 9,259 points.
.

Serenity in New York

What the bulls should keep a close eye on is the fact that there is still no sign of exuberant euphoria on Wall Street. This would be a signal to get out. But instead, the major indices have groped their way forward a bit, only to fall back again before the daily high. Sensible cash management, then. Or is it Sell the News? Let’s wait and see. Another look into the Washington swamp: The articles in the impeachment indictment finally delivered to the Senate by the Democrats in the House of Representatives are currently not an issue for the bulls. Because the Republican defensive front in the Senate is in place.

The Eternal Tsar

Traders in EURRUB and investors who trade online shares on the Russian stock exchange should also keep an eye on the policy. We are not alone in suspecting that the current government reshuffle in Moscow is the harbinger of major events. Most likely, the Russian constitution will soon be amended – to allow the president to remain in power indefinitely and not just two terms in office at a time. Of course, this would be an autocratic move that will secure Vladimir Putin’s place in the Kremlin for the rest of his life. The financial market and the people should welcome the move, as it should ensure stability and prosperity for Russia for a number of years until the succession is settled.

What the day brings

The diary brings some interesting events, you can find the overview as always here: Market Mover
Traders in Euro and European government bonds will be watching the news on the trading platform closely at 1:30pm, as the ECB minutes of the meeting on 12th of December will be running on the tickers.
At 2:30pm it will get interesting for dollar, treasuries and US equities, as US retail sales for December will be reported.
At the same time, the Philly Fed Index will be publishe das well as the weekly American initial claims for unemployment benefits.
Finally at 4:00pm the NAHB-Index for January follows.

The Bernstein-Bank wishes successful trades!


Important Notes on This Publication:

The content of this publication is for general information purposes only. In this context, it is neither an individual investment recommendation or advice nor an offer to purchase or sell securities or other financial products. The content in question and all the information contained therein do not in any way replace individual investor- or investment-oriented advice. No reliable forecast or indication for the future is possible with respect to any presentation or information on the present or past performance of the relevant underlying assets. All information and data presented in this publication are based on reliable sources. However, Bernstein Bank does not guarantee that the information and data contained in this publication is up-to-date, correct and complete. Securities traded on the financial markets are subject to price fluctuations. A contract for difference (CFD) is also a financial instrument with leverage effect. Against this backdrop, CFD trading involves a high risk up to the point of total loss and may not be suitable for all investors. Therefore, make sure that you have fully understood all the correlating risks. If necessary, ask for independent advice.

Morning Stock News

Where’s the Swiss franc going?

By | News | No Comments

Gold   1553,43
(-0,18%)

EURUSD   1,1151
( 0%)

DJIA   29067,50
(+0,15%)

OIL.WTI  58,27
(+0,36%)

DAX   13406,05
(+ 0,01%)

What recently seemed to be a small market error is beginning to look like a frightening trend. The Swiss franc ignores absolutely any positive news in the world economy and keeps growing against all major currencies.
Who feels bad about it? Bad, above all, for the Swiss economy itself. Exports and production are becoming less competitive and tourists do not want to visit the “expensive country”, which is becoming even more expensive. We passed all this 8 years ago, when the Swiss Central Bank first conducted currency interventions and then set the bar at 1.20 per euro/franc.


USD/CHF chart of the day

trading-news-USD-CHF
If stock markets continue to grow, we will not see any currency interventions in the near future. But what happens when the markets start to fall? For example, from May, which is traditionally bad for the stock market? The flow of money, which is sent to the Swiss franc, may reach the size of a huge avalanche. And it will be too late to do anything on the move.
We are sure that not only the Swiss National Bank, but also large hedge funds around the world are thinking about this problem. In any case, traders should understand that when sentiment changes in the stock market, it is the franc that can grow the most.

EURO

After a couple of abrupt moves in early 2020, EUR starts doing what it did for most of the past year. Namely, do nothing at all, but oscillate near the 200-day moving average. So far we do not see the emergence of new trends, which means that speculators working on the strategy of “carry trade” continue to make money without much risk.

Gold

A small consolidation, after a strong drop from the highs of the year, only benefited the yellow metal. Investors saw that there were no more people willing to sell the gold and started buying it again hoping for new growth. Against this background, the yellow metal rose in trading on Wednesday to 1555$ per troy ounce. Analysts continue to insist that the growth at the end of the year will be about 10-20%, so the most interesting things are still ahead.

What is waiting for us today?

08.00 Harmonized consumer price index in Germany for December
13.30 Information on the ECB monetary policy meeting
14.30 US retail sales level for December
19.00 Speech by ECB President Lagarde


Important Notes on This Publication:

The content of this publication is for general information purposes only. In this context, it is neither an individual investment recommendation or advice nor an offer to purchase or sell securities or other financial products. The content in question and all the information contained therein do not in any way replace individual investor- or investment-oriented advice. No reliable forecast or indication for the future is possible with respect to any presentation or information on the present or past performance of the relevant underlying assets. All information and data presented in this publication are based on reliable sources. However, Bernstein Bank does not guarantee that the information and data contained in this publication is up-to-date, correct and complete. Securities traded on the financial markets are subject to price fluctuations. A contract for difference (CFD) is also a financial instrument with leverage effect. Against this backdrop, CFD trading involves a high risk up to the point of total loss and may not be suitable for all investors. Therefore, make sure that you have fully understood all the correlating risks. If necessary, ask for independent advice.

Morning Stock News

Crypto day!

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Gold   1553,18
(+0,45%)

EURUSD   1,1133
(+0,06%)

DJIA   28862,50
(-0,24%)

OIL.WTI  58,15
(+0,05%)

DAX   13454,06
(+ 0,01%)

Is this about Bitcoin? Oddly enough, it’s not even about Bitcoin. Yes, Bitcoin has grown by 8% by the time this review was written. However, which has become very rare for the market, on Tuesday most altcoins have grown much stronger than bitcoin. For example, Ethereum is 15 percent higher, and Bitcoin SV is 95 percent higher.


BTC/USD chart of the day

trading-news-btc
It takes one bitcoin to diversify from currencies and futures. In the crypto market there are those changes, which at the beginning of the year were detailed in one of the reviews. Those who missed it, again we recommend you to find and read the article.
It is very likely that this year Bitcoin will again become an asset that will bring maximum profit to trendy players.

JAPANESE YEN

As part of yesterday’s algorithm, the Japanese yen touched the border and fell below 110 yen for 1 US dollar. As the pair tried, but did not leave below the level on the same day, Wednesday becomes a critical day. If there is a second consecutive closing above 110 yen, we can predict a new range of 110-115.

S&P 500

And the American stock market does not care about any news at all! Traditionally, it drops slightly during the Asian and sometimes European session. Then American investors wake up, look at a more attractive price than last night and rejoice. They drink coffee, buy back cheaper stocks and go to bed. Wake up in the morning and rejoice again.
No matter how much the public hits Donald Trump, he fulfills his election promise that stock markets will grow under him as a businessman.

What awaits us today?

01.30 Speech by Bank of Japan Governor Kuroda
09.40 Speech by a representative of the Bank of England Saunders
10.30 UK consumer price index for December
17.00 Speech by Patrick Harker, member of the US Federal Reserve’s Open Market Committee


Important Notes on This Publication:

The content of this publication is for general information purposes only. In this context, it is neither an individual investment recommendation or advice nor an offer to purchase or sell securities or other financial products. The content in question and all the information contained therein do not in any way replace individual investor- or investment-oriented advice. No reliable forecast or indication for the future is possible with respect to any presentation or information on the present or past performance of the relevant underlying assets. All information and data presented in this publication are based on reliable sources. However, Bernstein Bank does not guarantee that the information and data contained in this publication is up-to-date, correct and complete. Securities traded on the financial markets are subject to price fluctuations. A contract for difference (CFD) is also a financial instrument with leverage effect. Against this backdrop, CFD trading involves a high risk up to the point of total loss and may not be suitable for all investors. Therefore, make sure that you have fully understood all the correlating risks. If necessary, ask for independent advice.

Trading Profits

Dax falls sharply at the opening

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14.01.2020 – Daily Report. The start of trading in the Dax today can certainly be described as bumpy. In the first few minutes of trading, the stock market barometer plummeted to just under 13,355 points. However, a recovery movement began from this level, so that the Dax currently stands at 13,457 points, almost unchanged.

The benchmarks from the overseas stock exchanges have been positive through the Bank. Both the broad-based S&P500 and the Nasdaq technology exchange were able to achieve new highs. The Dax is also not far from its all-time high of 13,597 points.

Investors are likely to continue to focus on two events. On the one hand, all eyes are on the partial agreement in the trade dispute between the USA and China. The signing of the so-called Phase 1 deal is likely to be imminent. On the other hand, this evening marks the start of the reporting season in the US, where companies will provide insights into their Q4 business. The quarterly reporting season will be opened by the major banks JP Morgan, Citigroup and Wells Fargo. On average, analysts expect companies to report a decline in profits for the past quarter.

Against the background of the current global easing, the price of gold is easing slightly. Currently, the price of a fine ounce of gold is falling by around 0.3 percent to the current level of USD 1543.55.

Bernstein Bank wishes you succesful trades.


Important Notes on This Publication:

The content of this publication is for general information purposes only. In this context, it is neither an individual investment recommendation or advice nor an offer to purchase or sell securities or other financial products. The content in question and all the information contained therein do not in any way replace individual investor- or investment-oriented advice. No reliable forecast or indication for the future is possible with respect to any presentation or information on the present or past performance of the relevant underlying assets. All information and data presented in this publication are based on reliable sources. However, Bernstein Bank does not guarantee that the information and data contained in this publication is up-to-date, correct and complete. Securities traded on the financial markets are subject to price fluctuations. A contract for difference (CFD) is also a financial instrument with leverage effect. Against this backdrop, CFD trading involves a high risk up to the point of total loss and may not be suitable for all investors. Therefore, make sure that you have fully understood all the correlating risks. If necessary, ask for independent advice.

Morning Stock News

What’s next for the Japanese yen?

By | News | No Comments

Gold   1539,11
(-0,57%)

EURUSD   1,1138
(+0,03%)

DJIA   28868
(-0,01%)

OIL.WTI  58,07
(+0,05%)

DAX   13474,56
(+ 0,01%)

Yesterday the dollar/yen made an important breakthrough, reaching its highs since last May. Now it is at the most important level of 110 yen for 1 US dollar. As we all know, the Japanese currency is very trendy. That is, once the movement started, it can continue for a very long time. Trend is our friend, so we keep a close eye on what happens next.


USD/JPY chart of the day

USD-JPY chart of the day
There are now two main possible options. In one case there will be a false breakthrough, removal of stops and the pair will go down again. In the second case, the break-up will be true (probably, not from the first time) and the pair will move into the new growing range 110-115. Therefore, most speculators will use break-down strategies at this level, with small stops and large take profits. It is important for traders to keep this in mind when searching for entry points.

SWISS FRANC

Once again, please note that the second protective currency, the Swiss franc, shows an inverse trend. While the Japanese yen is falling, the franc is rising despite the new highs shown by the stock markets. This is a very bad sign personally for the European economy. Investors do not see how it will grow and what assets to invest in. This means they withdraw money in Swiss francs, even if they accept a negative percentage rate.

OIL

Meanwhile, oil falls for 4 consecutive days, all within the scenario we described earlier. And today it has already reached the level of 200 daily simple moving average. If tomorrow this level will be easily broken through, we can say that the bulls are completely capitulating. What can support the black gold? The best scenario for oil is a new round of tension in the Middle East.

What awaits us today?

08.00 Chinese trade balance data for December.
09.30 Speech by ECB representative Mersch
14.30 US consumer price index for December
15.00 Speech by FOMC member Williams


Important Notes on This Publication:

The content of this publication is for general information purposes only. In this context, it is neither an individual investment recommendation or advice nor an offer to purchase or sell securities or other financial products. The content in question and all the information contained therein do not in any way replace individual investor- or investment-oriented advice. No reliable forecast or indication for the future is possible with respect to any presentation or information on the present or past performance of the relevant underlying assets. All information and data presented in this publication are based on reliable sources. However, Bernstein Bank does not guarantee that the information and data contained in this publication is up-to-date, correct and complete. Securities traded on the financial markets are subject to price fluctuations. A contract for difference (CFD) is also a financial instrument with leverage effect. Against this backdrop, CFD trading involves a high risk up to the point of total loss and may not be suitable for all investors. Therefore, make sure that you have fully understood all the correlating risks. If necessary, ask for independent advice.

Dax Trading

DAX starts the new trading week in good spirits

By | News | No Comments

13.01.2020 – Daily Report. After the stock exchange traders seem to have digested the shock news of the past few days from Iran/Iraq, the new stock market week is starting off on a friendly note. The Dax is currently trading at 13,506 points, up 0.2 percent.

Against the background of geopolitical tensions in the Middle East between Iran and the USA, the German leading index fell below the psychologically important mark of 13,000 points in the previous week. From this level, however, a recovery began quite quickly, so that we are now seeing prices above the 13,500 mark again. The situation in Iran and Iraq continues to be the focus of investor attention, but there are other aspects of the trading week that will provide impetus to the markets as it begins today.
The trade conflict between the U.S. and China is likely to be the focus of attention. A partial agreement between the two superpowers is expected to be signed in midweek. The conflict is far from resolved, but the partial agreement would be a first step in the right direction.
In addition, the reporting season that is about to begin in the USA should provide some impetus. With Citigroup, JP Morgan and Goldman Sachs, the American heavyweights of the financial industry are giving the financial industry a glimpse into their books.
On Thursday, a speech by the new ECB chief Lagarde is eagerly awaited.
Today’s calendar with economic and business data is rather thinly populated.
At 10:30 a.m. figures on the gross domestic product from the United Kingdom are due.

The Bernstein Bank wishes you successful trades!


Important Notes on This Publication:

The content of this publication is for general information purposes only. In this context, it is neither an individual investment recommendation or advice nor an offer to purchase or sell securities or other financial products. The content in question and all the information contained therein do not in any way replace individual investor- or investment-oriented advice. No reliable forecast or indication for the future is possible with respect to any presentation or information on the present or past performance of the relevant underlying assets. All information and data presented in this publication are based on reliable sources. However, Bernstein Bank does not guarantee that the information and data contained in this publication is up-to-date, correct and complete. Securities traded on the financial markets are subject to price fluctuations. A contract for difference (CFD) is also a financial instrument with leverage effect. Against this backdrop, CFD trading involves a high risk up to the point of total loss and may not be suitable for all investors. Therefore, make sure that you have fully understood all the correlating risks. If necessary, ask for independent advice.

Morning Stock News

Volatility keeps fading. What’s next?

By | News | No Comments

Gold   1556,28
(-0,37%)

EURUSD   1,1129
(+0,12%)

DJIA   28858,50
(+0,23%)

OIL.WTI  59,02
(-0,14%)

DAX   13458,77
(+ 0,01%)

An important outcome of the weekend was Iran’s recognition that the Ukrainian Boeing was hit by their missile. This is absolutely the right decision to reduce tensions in the region as much as possible. However, the U.S. has already imposed new sanctions against Iran, destroying its already weak economy.


Chart of the day AUD/USD

trading-news-usd
Against this background, all risky assets grew. And the main beneficiary of the growth was the Australian dollar, which everyone had long forgotten about.

AUSTRALIAN DOLLAR

Why is he forgotten? There are several reasons for that. It’s the drop in prices for the main export commodity – iron ore. And the U.S. trade war with China (and China is the largest exporter of that iron ore). And the most difficult situation with fires, which caused Australia’s GDP to lose up to 0.5% per annum.
As a result, the Aussie is on a multi-year low. And not only against the American dollar (which is so clear), but also against other commodity currencies: Canadian and New Zealand dollars.
We know very well when a certain asset becomes completely uninteresting to everyone, that’s when a new bull market starts. Fundamentally and technically, the whole negative is already included in the price. The trade war with China will somehow be closed by the USA in the coming months. And then there is a new positive, in the form of an increase in gold prices, which is also one of the main export commodities. Therefore, it is worth watching the Australian dollar closely all the current year, finding the entry points when reaching new highs.

OIL

Oil prices continued to fall. After the exclusion of the geopolitical factor, the opposition of OPEC states and Russia against oil shale producers in North America begins again. Immediately after the holidays, data on a sharp increase in the number of new drilling rigs in Canada came out. And this is an objective process, given the recent price spike. It can be assumed that in the coming weeks a large number of wells will be reactivated, the owners of which have sold futures for future oil supplies.

What’s waiting for us today?

10.30 UK industrial production data for November
10.30 UK GDP data for November
16.30 Economic situation overview from the Bank of Canada


Important Notes on This Publication:

The content of this publication is for general information purposes only. In this context, it is neither an individual investment recommendation or advice nor an offer to purchase or sell securities or other financial products. The content in question and all the information contained therein do not in any way replace individual investor- or investment-oriented advice. No reliable forecast or indication for the future is possible with respect to any presentation or information on the present or past performance of the relevant underlying assets. All information and data presented in this publication are based on reliable sources. However, Bernstein Bank does not guarantee that the information and data contained in this publication is up-to-date, correct and complete. Securities traded on the financial markets are subject to price fluctuations. A contract for difference (CFD) is also a financial instrument with leverage effect. Against this backdrop, CFD trading involves a high risk up to the point of total loss and may not be suitable for all investors. Therefore, make sure that you have fully understood all the correlating risks. If necessary, ask for independent advice.

Trading News Graph

Relief on the world’s stock exchanges

By | News | No Comments

09.01.2020 – Daily Report. Despite a renewed missile attack in the area of the US embassy in Baghdad, the signs seem to point to de-escalation between the USA and Iran for the time being. Against this background, the German leading index was able to increase by 1.3% at the start of trading and is currently at 13,492 points.

Despite a renewed missile attack in the area of the US embassy in Baghdad, the signs seem to point to de-escalation between the USA and Iran for the time being. Against this background, the German leading index was able to increase by 1.3% at the start of trading and is currently at 13,492 points.
Today’s trading from the USA and Asia is positive for the bank. Investors were relieved to hear President Trump’s announcement that he will not retaliate militarily for Iran’s missile attack on US military bases in Iraq. While the US government will tighten the thumbscrews in the form of extended economic sanctions against Iran, an at least short-term military strike appears to be moving into the second line.
Against this backdrop, the broad-based S&P500 marked a new record high and closed at 3253 points. The Nasdaq technology exchange did not want to be left behind and also reached a record high. At the end of trading, the Nasdaq Composite stood at 9129 points, an increase of 0.7%.
The positive trend was seamlessly taken up by the Asian stock exchanges in further trading, so that the Japanese Nikkei ended trading with a solid plus of 1.9% at 23,650 points.
Against the background of the latest signs of relaxation, the price of gold fell by around 0.6%. One ounce of gold thus currently costs USD 1,547.98.
The agenda of economic and business reports is quite thin on the ground today. At 10:30am the head of the British central bank, Carney, will give a speech. However, the focus of investors’ attention is likely to be the Non Farm Payrolls data from the U.S., which will be released tomorrow. Analysts expect a figure of 164,000 new jobs.
The Bernstein Bank wishes you successful trades!


Important Notes on This Publication:

The content of this publication is for general information purposes only. In this context, it is neither an individual investment recommendation or advice nor an offer to purchase or sell securities or other financial products. The content in question and all the information contained therein do not in any way replace individual investor- or investment-oriented advice. No reliable forecast or indication for the future is possible with respect to any presentation or information on the present or past performance of the relevant underlying assets. All information and data presented in this publication are based on reliable sources. However, Bernstein Bank does not guarantee that the information and data contained in this publication is up-to-date, correct and complete. Securities traded on the financial markets are subject to price fluctuations. A contract for difference (CFD) is also a financial instrument with leverage effect. Against this backdrop, CFD trading involves a high risk up to the point of total loss and may not be suitable for all investors. Therefore, make sure that you have fully understood all the correlating risks. If necessary, ask for independent advice.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.