Gold 1651,22
|
EURUSD 1,091
|
DJIA 26530
|
OIL.WTI 48,03
|
DAX 12599,57
|
|---|
Wednesday was a day for traders when they got some rest. The sharpest fall in major trading indices on Tuesday was definitely a shock for investors. So on Wednesday, some players tried to recoup their lost positions and stabilize the situation.
Bitcoin chart of the day
Will things from Monday and Tuesday happen again? No one can say yet. Many analysts say it was all predicted earlier. S&P500 index is slightly up 0.5%, Dow Jones index is up 0.15%, DAX was trading around zero during the trading session.
Australian dollar
Problems in Asia have a very serious impact on Australia because it is a major supplier of raw materials to the region. Due to the closing of factories and the decline in production in China, the Australian dollar is close to 0.63, which is the lower limit of the range in which this currency has been for 10 years. It is likely that the central bank of Australia will have to lower the refinancing rate again. Of course, until the situation with the virus clears up, the Australian dollar will depend on it. We shouldn’t expect any growth anytime soon. During the whole trading day the Australian dollar decreases and trades at the level of 0.6550. The lower level at 0.63 is a very strong support.
Bitcoin
On Wednesday, no wonder happened and all the major cryptocurrencies were falling all day long. Bitcoin lost 7%, which really upset the cryptointusiasts. The major crypto cannot find support at all, even below $10000. Many say that Warren Buffett himself was to blame, who said during an interview on CNBC that he does not keep the cryptocurrency in his investment portfolio at all, and even less will buy it in the future. Cryptocurrencies are very unpredictable assets, so trading decisions should be made only when the currency finds support. The nearest level for bitcoin is $8500.
What is waiting for us today?
08.00 UK Housing Price Index
14.30 Base orders for durable goods in the USA
14.30 GDP per year in the USA
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.