Gold 1600,88
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EURUSD 1,0906
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DJIA 20835
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OIL.WTI 24,10
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DAX 9801,75
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Well, we’ve been waiting. On Wednesday, all the world markets are growing.Apparently, investors have realized that people can adapt to extreme situations very quickly, and investors adapt even faster. The U.S. and European markets began to buy back the shares of leading companies.
Chart of the day EUR/USD
S&P500 index is up 4%, DAX index is up 2%. It is a completely new challenge for the world economy when countries simply stop work, stop production and stay at home. Nobody knows how much such actions can affect the global economy. While the Fed and the EU have started to have a positive impact on markets, the trend is changing for growth, but for how long if the economy is almost dead?
Euro
On the optimism of coronavirus treatment in Europe, the euro starts to grow against the background of good statistics from the European Union. The European Union is at a crossroads. There’s a rift in society and values between states. Everyone makes their own decisions and thinks it’s right. Nobody knows how much it will affect the current situation. On Tuesday, the euro rises and even breaks through the 1.08 level.
Gold
Due to very serious optimism of investors, the gold was even on sale on Tuesday. Although, given the global situation, the replacement of gold for the stock market, which is about to fall down again looks very interesting. We think that the market will soon choose a direction for further action. The main thing is that in a crisis situation we try to exclude speculative deals for the sake of a one-time profit. Gold will still go up because of any less serious news on economic problems.
Pound Sterling
Yes, it’s a currency that’s been respected for a very long time. And now that the UK is having very serious problems with Brexit as well as isolation, many people think that the currency is over. The UK has the strongest quarantine. The UK is taking very serious measures to stimulate the economy, so the pound should stabilize in the current situation.
What’s waiting for us today?
08.00 UK retail sales volume
13.00 UK Interest Rate Decision
13.30 US GDP
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