Gold 1564,23
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EURUSD 1,0979
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DJIA 29323,50
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OIL.WTI 51,23
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DAX 13570,26
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That’s what you might call what’s going on in the American stock market. As we estimated yesterday, the S&P500 was tested at its all-time high on Thursday. And not just tested, it was a confident breakthrough up.
Chart of the day S&P500
It seems that Americans do not care what happens in the world. They’re doing fine and they don’t have any problems. An additional driver, for the positive side, was the final closure by the U.S. Senate of the Donald Trump impeachment story.
The market grew up four days in a row. If you remember the past trend years, there was usually a correction on Fridays. Speculators recorded the profit accumulated during the week. Let’s see what will happen today, especially in the focus of release of the most important monthly data on the number of newly created jobs and the unemployment rate in the USA.
Gold
Despite the positive stock markets, gold has moved upwards with confidence. The correction for the yellow metal is over, the breakthrough of 1600$ per troy ounce is ahead. And if the Coronavirus story continues in the coming weeks, we should soon see new highs for the last 6-7 years.
Crypto
Bitcoin has grown a little more. But it’s not him who’s attracted attention today, but the rest of the altcoins, which have grown by 5%-15% in the last 24 hours. What’s that? Investors again see the prospect of investing directly into the portfolio of cryptocurrency, and not just in BTC? If so, this is a new trend, which we have not seen over the past year.
NEW ZEALAND AND AUSTRALIAN DOLLAR
Interesting dynamics is shown by the data of 2 currencies against the US dollar. To be more precise, there is no dynamics. Last 4 days the pair is actually locked in a very narrow corridor. And this is at a high volatility in the commodity markets, which are directly related to these commodity currencies. On Friday, the data on unemployment in Canada is also released. Speculators should pay attention.
What’s waiting for us today?
01.30 Commentary of the Reserve Bank of Australia on monetary policy
14.30 Number of new jobs in non-agricultural sector in USA for January
14.30 Changes in Canada employment in January
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