Bitcoin is setting records

By 28/10/2019News
Morning Stock News

Gold   1505,84
(+ 0,09%)

EURUSD   1,1087
(+ 0,09%)

DJIA   26953,50
(+ 0,20%)

OIL.WTI  56,52
(– 0,30%)

DAX   12906,55
(+ 0,10%)

Chinese authorities have stress the importance of blockchain for the development of innovative technology and industry.After Xi Jingping’s statement, Bitcoin’s price grew to its highest value since September. As usual, the rest of cryptocurrencies followed suit.

DAX30 Daily-Chart

morning news 28.10.2019

Investors are feeling more optimistic than ever. SP500 is at its all-time high. Most news didn’t have any impact on the markets. Almost all international stock exchanges closed in the green. The upcoming week will be filled with important news and reports. Official US representatives are saying that the talks with China are near their final stage, which can only increase investors’ optimism.


Euro has been under pressure for the past week. The ECB decided not to change its monetary policy. Starting from November 1, the European Central Bank will resume buying assets in the open market, for a total of 20 billion euro each month.
Weak international trade and the current global political uncertainty are holding back investment and impacting Europe’s industrial sector. Euro zone salary and employment dynamics point to a risk of a further decrease in price.


For the third week in a row, gold can’t seem to decide where to go. The recent positive news pushed investors to switch to risky assets, but doubts remain. Gold is one of the key safe haven assets, and it’s still popular with more skeptical investors. This week, we’ll need to take stock of the month’s results. Many investment funds will take profit and transfer their money into more stable assets.


Mixed corporate reports are preventing European indices from testing new highs. The UK still can’t solve its Brexit issues, which adds to traders’ concerns. Overall, euro zone statistics are within our forecasted range.

What’s next?

14.30 US foreign trade data
14.30 Retail trade excluding autos
17.00 A statement by ECB President Mario Draghi

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