Morning News – 21.10.2019

By 21/10/2019News
Morning Stock News

Gold   1491,65

EURUSD   1,1158

DJIA   26796,50
(+ 0,24%)

OIL.WTI  53,78
(– 0,07%)

DAX   12668,71
(+ 0,11%)

USD has been falling for the 7th day in a row, while euro keeps going up. The UK Parliament is playing one game, while the PM is playing another. Now we just have to wait for the Brexit vote, postponed till Monday.

DAX30 Daily-Chart

On Saturday, the events followed an unexpected scenario. The UK Parliament was supposed to vote for the deal with the EU or against it. Instead, the MPs voted to ask the EU for another 3-month delay – the time needed to pass all the necessary legislation. And while Boris Johnson initially stated that he wouldn’t send a delay request, he did send one in the end – though unsigned.


Euro kept growing regardless of what was happening in the UK. The falling USD sends investors looking for a safe haven – and in Europe, this means euro. The pound is too volatile, while the Swiss franc looks oversold. The week closed at the exact peak of the daily and weekly candlestick, indicating that growth can continue.


The price of gold remained virtually unchanged on Friday. Volatility was low – it seems that speculators are simply selling the asset, seeing that it won’t budge in either direction.


The main global stock indices remain stuck and waiting. Small movements inside the corridor point to a local positioning game. Nobody was willing to bet big and move the market before the weekend. Since the expected Saturday vote in the UK Parliament didn’t happen, all attention will be focused on it on Monday.

What’s next?

08:00 Germany: Industrial producer price index (PPI) for September
17.00 Statement by Andy Haldane, Executive Director of Monetary Analysis and Statistics at the Bank of England

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.