Gold 1486,97
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EURUSD 1,1032
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DJIA 265827,50
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OIL.WTI 54,39
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DAX 12483,56
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Friday was filled with important events. It all began the night before with an explosion on an Iranian oil tanker in the Gulf. Later, as the day progressed, there was positive dynamics from both the British pound and the US-China talks.
DAX30 DAILY CHART
EURUSD
Euro continued its growth, spurred by the Fed’s announcement of a new round of asset buying that isn’t formally considered as such. Despite these intricacies, everyone realizes that fresh billions of dollars will soon flood the market, pushing down the interest rate for the US treasury bonds.
The pound has grown by 2 more points, getting very close to the 1.27 mark. Investors are ever more certain that there won’t be a no-deal Brexit at the end of October – or that a new compromise with the EU will be found, delaying Brexit once again.
GOLD
Gold is down for the second day in a row. The main cause are the rumors of successful talks between the US and China. It’s possible that the trade war will end upon mutually satisfying terms.
INDICES
Driven by the same rumor, stocks and risky assets both went up. The important thing now is that Trump doesn’t delude investors once again, in which case severe disappointment would push them to close a lot of previously opened positions as early as on Monday.
What’s next?
We’re not expecting any major macroeconomic news on Monday. Instead, all attention will be focused on the US and Chinese statements after the end of this weekend’s talks.
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