Gold 1592,95
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EURUSD 1,115
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DJIA 28349,50
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OIL.WTI 63,60
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DAX 13192,29
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Did anyone have any doubts? With all major currencies: the euro, pound, Japanese yen, Swiss franc and even CAD and AUD, USD has positive swap. The US economy is on the rise. And then there is the growth of geo-tension in the Middle East.
EUR/USD chart of the day
As you can see on the chart, the price has hit the 200-day moving average again, but it is already downwards from above. Nevertheless, the tilt of the SMA 200 itself continues to be directed downwards. Last year investors, especially those working with leverages, made very good money on this pair with almost no risk. So far there is no reason to believe that the situation will change this year.
OIL
All within our projections from the last 2 mailings. Iran’s threats have not yet been followed. It means that black gold continues to sink smoothly, starting to gather the feet of the bulls, who rashly entered the position after Monday’s gap.
BITCOIN
The first crypto has pleasantly surprised investors. It has already grown by 10% since the beginning of the year. Recipients of our newsletter remember that a few days ago we discussed in detail what is going on with Bitcoin and its prospects for the new year. If anyone missed it, we advise you to pick it up from the mail and read it carefully.
INDICES
On Tuesday, stock markets around the world finally took a break. Volatility has dropped to its lowest level this year. Investors need time to figure out what to do next. Usually in January, large funds begin to form or balance their portfolios, doing so in a quiet environment after the holidays.
This year there is fear hanging over the markets. On the one hand, everyone is waiting for the beginning of the crisis (they have been waiting for 11 years) and talking about it. On the other hand, the situation in the Middle East is really unpredictable. Any major terrorist attack can send stock indices to the corkscrew.
One thing is certain. The volatility will be higher than it was a year ago. And that’s good! Traders make money on volatility and trends. And this year will be very interesting!
What awaits us today?
11.00 EU Business Climate Index for December.
14.00 Address by ECB Vice President De Gindos
14.15 ADP US Employment Level Report for December
16.00 Address by Lel Brainard, member of the US Federal Open Market Committee
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.