Great Britain and the pound show their strength

By 05/12/2019News
Morning Stock News

Gold   1477,32

EURUSD   1,1082

DJIA   27658,50

OIL.WTI  58,14

DAX   13156,72
(+ 0,01%)

So far, investors have no idea how to celebrate the New Year. Too much contradictory information comes from news sources. Because of the statements of any important decision-maker, markets can turn in the opposite direction at any time, as shown by the Wednesday.

GBP/USD Day Chart

GBP-USD Tages-Chart

The pound sterling went off to a 7-month high on Wednesday. Did Boris Johnson’s program succeed? In most cases, the UK market is now under political control. Only confidence in the near future and the correct Brexit will give the pound an opportunity to strengthen its position in the market.


Just the day before the OPEC meeting, oil was growing by more than 4% a day. So the data on the reduction of oil reserves in the U.S., or traders got some important insight into the upcoming conference to reduce oil production. Brent is growing fast on Wednesday and trades at weekly highs of $63.16 per barrel.


The gold market is beginning to recover due to good demand for precious metal from India. Although the price of gold has moved slightly away from its four-week high on Wednesday, it still remains at high levels. Gold is traded at $1473 per ounce on Wednesday.


On Wednesday, key US indices show very strong positive dynamics. The good news about the negotiations between the US and China once again fills investors with optimism. Despite signs of tension, the U.S. and China are doing everything possible to resolve the trade deal problems by November 15, when new sanctions against China will come into effect.

What will happen today?

01.30 – Retail sales volume in Australia.
16.00 – Canadian Business Activity Index

Important Notes on This Publication:

The content of this publication is for general information purposes only. In this context, it is neither an individual investment recommendation or advice nor an offer to purchase or sell securities or other financial products. The content in question and all the information contained therein do not in any way replace individual investor- or investment-oriented advice. No reliable forecast or indication for the future is possible with respect to any presentation or information on the present or past performance of the relevant underlying assets. All information and data presented in this publication are based on reliable sources. However, Bernstein Bank does not guarantee that the information and data contained in this publication is up-to-date, correct and complete. Securities traded on the financial markets are subject to price fluctuations. A contract for difference (CFD) is also a financial instrument with leverage effect. Against this backdrop, CFD trading involves a high risk up to the point of total loss and may not be suitable for all investors. Therefore, make sure that you have fully understood all the correlating risks. If necessary, ask for independent advice.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.