Gold 1693,50
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EURUSD 1,0799
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DJIA 24115
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OIL.WTI 25,095
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DAX 10609
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The week ended with positive movement. Although the US unemployment data was the highest in history, it was not a reason for a sharp drop in the markets.
DAX
Friday wasn’t bad for the market. Everyone understands that the coronavirus epidemic has begun to emerge. Although the unemployment figures are huge, everyone already understands that it’s temporary. Everything must recover in the near future. What has cheered the markets up once again is the talk between the U.S. and China, which has not yet led to anything good. The S&P500 closed at 2920 adding 1.7%, but without taking 3000, the DAX closed at 10890, up 1.35% from the previous level.
Euro
The Euro has been flat for a month and a half now. Moving down, you can expect to break through one of the levels. It is either down at 1.0760 or up at 1.0970. It is difficult to calculate anything for the Euro, as there is no specific information from the ECB. The price moves in a range and it is very difficult to predict. The Euro is waiting for Europe to emerge from the epidemic. Probably, in the near future we will see an exit from this range.
Gold
At the auction on Friday, gold quotations remained virtually unchanged. The day was low-volatile, it seems that speculators are just coming out of the asset that does not want to move in either direction.
Oil
Oil keeps growing. The world’s reserves are starting to fall, and this gives an opportunity to turn around the market. It is not clear how much oil there is or how long it will be extracted. Fuel is getting cheaper all over the world, and WTI oil is $25 per barrel.
What’s waiting for us today?
00.45 Volume of retail sales by electronic cards.
10.00 Volume of industrial production in Italy.
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