Doesn’t history teach anything?

By 09/01/2020News
Morning Stock News

Gold   1557,19
(+0,06%)

EURUSD   1,1117
(+0,07%)

DJIA   28814,50
(+0,16%)

OIL.WTI  60,02
(+0,12%)

DAX   13362,26
(+ 0,01%)

Only yesterday we wrote about oil and the risks of the bulls that oil producers play against. Today the situation is repeated again. The night gap, where someone was buying contracts again and the next big fall. The chart below speaks for itself.


The WTI chart of the day

trading-day-chart-oil-wti
Who is the main winner of the last 3 days? Of course, Donald Trump! What do we have on the fact? A comrade-in-arms (for some terrorists, for others a statesman), who has been causing Americans trouble for decades, has been eliminated. And now the US is also imposing new, extremely strong economic sanctions against Iran. There used to be no reason, now there is.

GOLD

It’s also a very interesting day for the gold market. On the news about the release of missiles on U.S. bases, yellow metal reached the level of $ 1610 per troy ounce. And then, when it turned out that the volleys were fired across an empty territory (Iran had warned the Americans in advance), gold turned around and went down $60 from the day’s highs.
However, it should be understood that unlike the history of oil, here it is just the removal of stops, fundamentally gold keeps looking up.

BITCOIN

The main beneficiary of yesterday, oddly enough, was Bitcoin. He also turned down, after an impressive night’s growth. But it didn’t go down, like oil and gold.

JAPAN YEN

The currency, which is traditionally rising sharply at any political tension, showed the most impressive dynamics yesterday. First a sharp rise and then a rapid decline, which exceeded all the strongest expectations.
In general, as we stated the other day, this year will be more volatile and interesting for traders.

What is waiting for us today?

02.30 Consumer price index in China for December
10.30 Speech by Mark Carney, Governor of the Bank of England
20.00 10.30 Address by S. Poloz, Head of Bank of Canada


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