Donald Trump on the offensive

By 20/11/2019News
Morning Stock News

Gold   1474,97
(+0,18%)

EURUSD   1,1073
(-0,04%)

DJIA   27854
(-0,14%)

OIL.WTI  55,38
(+0,25%)

DAX   13202,46
(+ 0,01%)

Will China and the US be able to sign a deal? On Tuesday, Trump said that if China decides not to go forward with the agreement, he will simply raise the tariffs, stating that China must accept the terms offered to it. After these severe words, Dow Jones went down by 0.4% , while S&P500 lost all of Tuesday’s gains. Considering how nervous investors are, the indices are likely to fall even more.

DAX day chart

Bitcoin is ready to test $8000. Nobody seems to be interested in buying. During such protracted slumps, large players usually open positions. Bitcoin can suddently shoot up at any moment once it gets close to this important price level.

EUR/USD

The ongoing uncertainty in the US economy and less-than-great statistical data are causing the USD to weaken. Euro, by contrast, got stronger, growing to 1.1080. But a single negative piece of news could reverse the movement, causing the price of the euro to fall again.

GOLD

On Tuesday, gold oscillated within a narrow channel due to the absence of major news. The UK is actively buying gold to hedge itself against the uncertainty surrounding Brexit and weak pound. In the context of the growing risks, investors are waiting for new buy signals.

INDICES

Trump has created a lot of anxiety with his strong statements concerning the US-China trade deal. S&P500 is trading at 3118, while Dow Jones reached 27900. European markets are still under pressure from the EU economic uncertainty and showing almost no dynamics. DAX closed at 13212.

What’s next?

11.00 ECB’s financial stability report
17.30 – US crude oil reserves
21.00 – FOMC meeting minutes


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