All the negativity is over?

By 10/01/2020News
Morning Stock News

Gold   1547,16
(-0,33%)

EURUSD   1,1108
(+0,02%)

DJIA   29002,50
(+0,26%)

OIL.WTI  59,36
(-0,34%)

DAX   13512,50
(+ 0,01%)

Everyone said that the Ukrainian plane was shot down by an anti-aircraft missile. The Iranians were preparing for an attack by the Americans and mistakenly mistook the Boeing for an enemy plane.
It is clear that Iran will now sit very quiet. After all, any new aggressive actions and the Americans will bomb everything that is possible from the military infrastructure. Russia and China will not be able to say anything in defence, because they will bomb the terrorists who shot down the Boeing. Why is it important to understand all this?


DAX 30 Day Chart

trading-news-DAX30
The theme of the Middle East is removed from the agenda indefinitely. This means that large investors and funds can focus not on risks, but on choosing assets for their portfolios in the coming year.

INDICES

Against this extremely positive background, stock markets continue to storm highs. Bears are closing their positions in panic. January is in most cases a positive month for the stock market.

GOLD

Despite investors fleeing from the protective assets, gold has refused to decline further. As we noticed yesterday, the yellow metal started a strong bullish trend, which will not be able to quickly turn around. Many investors are waiting for the price of $2,000 by the 3rd quarter of this year, which means that risk/profit ratio plays into the hands of bulls.

JAPANESE YEN AND SWISS FRANC

The Japanese yen kept falling, but the franc rose again against the dollar. It seems like Asian investors have a more positive view on what is happening in the world than European investors. And this is an important signal that shows in which world economies the money will go to this year.

What awaits us today?

07.45 The unemployment rate in Switzerland for December
14.30 Number of new jobs outside the US agricultural sector for December
14.30 Unemployment data for December in the USA
14.30 Unemployment rate in Canada for December


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