Gold 1465,05
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EURUSD 1,106
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DJIA 27951
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OIL.WTI 57,87
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DAX 13240,7
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On Friday, Dow Jones reached the 28 000 mark. It took 90 sessions to grow by 1000 points. These figures are nothing unique, but some experts think that breaking through this level can increase the bullish mood and elicit enthusiasm among investors.
S&P500 day chart
Bitcoin is testing its enthusiasts’ optimism again. A weak downward trend has brought it very close to $8000, with a prospect of testing the MA200 at $7800 next. Altcoins mostly duplicate the movements of BTC.
EUR/USD
Friday’s movements slightly strengthened the euro. This could be just a correction, though. The US and Europe are competing for the dubious title of the region that will first go into recession. Investors need a good reason to buy USD – or euro. Hence there are no reasons for either decline or growth right now. Euro is likely to remain where it is until some major news or macroeconomic data is published.
GOLD
The price of gold is now mostly influenced by political and economic news. Last time, protests in Hong Kong and the issues in the US-China trade talks helped gold grow. At this stage, there’s too much uncertainty in the negotiations, with contradictory claims by various US officials. Still, there’s likely to be an outcome that will point gold in either one direction or the other.
INDICES
Most international markets closed 0.5% up on Friday. In the US, the markets have reached a new all-time high. This was a good week for investors. In the upcoming week, a lack of major news and statistical data will likely cause investors to close their positions, putting pressure on the markets.
What’s next?
15.30 Canada: consumer price index for October
17.30 US: crude oil reserves data
21.00 US: notes from the latest Fed session are to be published
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