Morning News – 22.10.2019

By 22/10/2019News
Morning Stock News

Gold   1485,48
(+0,08%)

EURUSD   1,1153
(+0,04%)

DJIA   26837,50
(+ 0,17%)

OIL.WTI  53,40
(– 0,41%)

DAX   12782,89
(+ 0,22%)

After seven days of price decline, the US dollar Index has been going up. The voting on the deal with the European Union in UK parliament has been delayed. Probably the voting will take place on Tuesday. Risky assets and stocks keep going up.

DAX30 Daily-Chart

morning-news-22.10.2019

The investors were closely looking on what is going on in Great Britain all the day long. The leaders of European countries agreed to extend the deadline for leaving the EU. Most probably, 3 months extension is just a technical matter. The thing that really matters is if the UK parliamentarians will approve the paper itself, since unless there is an approval of the majority of the UK parliament members in place, all the negotiations and talks are secondary.

EURUSD

EUR/USD pair has declined a little bit, and is trading at 1.115 by the end of the US trading session. There are rumors about a new bull run circulating in the market. Actually the rumors do not make much sense, since a lot of things depend on the successful resolving of the Brexit situation, as well as on the ongoing negotiations of China and the United States trade policy.

GOLD

Amid the rising risk appetite, gold price decreased more than $10. However, the price is still going sideways. Until we see a breakout to one or the other direction from the narrow price range, there is not much sense in talking about any short-term or medium-term tendencies.

INDICES

The world’s leading stock indices increased in price synchronically. The news on the next round of negotiations between the United States and China on the minister’s level on October 25 added more positive mood. Sooner or later Trump will have to make an agreement with China. China representatives can wait, but Donald Trump cannot; the elections of the President will take place next year, so the sooner the agreement will be made, the better: there will be less risk for stocks decline, as it happened in December 2018.

What’s next?

10.00 The reports on bank credits research in Eurozone.
14.30 Retail sales in September in Canada
22.30 American Petroleum Institute (API) report on crude oil inventories.


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