Stock market goes to new highs

By 13/07/2020News
Morning Stock News

Gold   1805,10
(+0,41%)

EURUSD   1,1328
( +0,25%)

DJIA  26157,50
(+0,78%)

OIL.WTI  40,20
(-0,67%)

DAX   12711
(+0,01%)

The American stock market ended Friday’s trading with growth. It was strengthened by higher oil and natural gas prices. The released data on the growth of consumer goods sales also contributed to it.


S&P 500

S&P 500


Indices

Just before the closing of the New York Stock Exchange, the S&P 500 index reached 3.179, rising by more than 1%. If you look at the chart above, you can see that the new highs are very close. Speculators will try to reach them to knock down the stops. It is likely that on Monday morning, the S&P 500 chart will show a gap up.
Despite this, investors are still very cautious. There is a fear that the stock markets may start falling again. The Fed selectively provides monetary support to American companies. Therefore it is not clear which of the sectors may become a new trigger for decline.


Gold

In this uncertainty, gold and other precious metals continue to rise steadily in price. However, the August contracts for the yellow metal ended Friday’s trading with a slight decline from Thursday’s closing level. Investors were in a hurry to fix the profit before the weekend.


Bitcoin

According to researches of analysts of Binance exchange, the rate of bitcoin for the last three months increased by 42%. And this is despite the fact that the trading volume in the 2nd quarter was higher than in the first.
Bitcoin is still close to the level of $ 9,200. There has been consolidation for 1.5 months now. There are all chances to see a slight decline to the 200-day moving average.


What’s waiting for us today?

17.30 Speech by FOMC member Williams
17.30 Speech by E. Bailey, Head of the Bank of England
20.00 Monthly report on the US budget for June.


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