Morning News – 14.10.2019

By 14/10/2019News
Morning Stock News

Gold   1486,97
(– 0,15%)

EURUSD   1,1032
(0)

DJIA   265827,50
(+ 0,22)

OIL.WTI  54,39
(– 0,51%)

DAX   12483,56
(+ 0,13%)

Friday was filled with important events. It all began the night before with an explosion on an Iranian oil tanker in the Gulf. Later, as the day progressed, there was positive dynamics from both the British pound and the US-China talks.

DAX30 DAILY CHART

morning-news-14.10.2019

EURUSD

Euro continued its growth, spurred by the Fed’s announcement of a new round of asset buying that isn’t formally considered as such. Despite these intricacies, everyone realizes that fresh billions of dollars will soon flood the market, pushing down the interest rate for the US treasury bonds.
The pound has grown by 2 more points, getting very close to the 1.27 mark. Investors are ever more certain that there won’t be a no-deal Brexit at the end of October – or that a new compromise with the EU will be found, delaying Brexit once again.

GOLD

Gold is down for the second day in a row. The main cause are the rumors of successful talks between the US and China. It’s possible that the trade war will end upon mutually satisfying terms.

INDICES

Driven by the same rumor, stocks and risky assets both went up. The important thing now is that Trump doesn’t delude investors once again, in which case severe disappointment would push them to close a lot of previously opened positions as early as on Monday.

What’s next?

We’re not expecting any major macroeconomic news on Monday. Instead, all attention will be focused on the US and Chinese statements after the end of this weekend’s talks.

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