Gold 1460,66
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EURUSD 1,1076
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DJIA 28815,50
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OIL.WTI 56,21
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DAX 12995,97
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On Monday, the markets were shocked by Trump’s claims that tariffs on metal imports from Argentina and Brazil will be reinstated. This caused a lot of anxiety and made investors lock in profits.
DAX daily chart
Bitcoin is recovering its losses. BTC futures have set a new trading volume record on Bakkt and Bitmex, reaching $5 billion in one day. Investors agree that Bitcoin is turning from a speculative asset to a stable one. If BTC manages to reach $7780 and remain there, the road to $8500 will lie open.
EUR/USD
Upbeat manufacturing activity index data across Europe served as a much-needed growth driver for euro. USD is capitulating following negative news from the US, with euro up 0.5% at 1.1075.
GOLD
Gold ended Monday with mixed results. It would seem like the price should grow following a decrease in the stock market, but that didn’t happen. Investors still prefer to buy currencies rather than the precious metal. Perhaps they need more time: gold might resume growth during the next trading session.
INDICES
Global indices were down on Monday following Trump’s strong statements on metal import tariffs. Across global markets, investors decided to take profits. The trend can continue, because the markets showed strong growth in November. S&P500 lost 1%, Dow Jones is down by 0.8%, while DAX lost 2%.
What’s next?
4.30 Reserve Bank of Australia’s decision on the interest rate
10.30 UK: construction activity index
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