Morning News – 10.10.2019

Morning Stock News

Gold   1507,03
(+ 0,1%)

EURUSD   1,0985
(+0,11%)

DJIA   26281,50
(– 0,17%)

OIL.WTI  52,55
(– 0,11%)

DAX   12101,80
(– 0,02%)

The results of the US Federal Open Market Committee meeting, which were highly anticipated by the market since early morning, were published on Wednesday evening. No new announcements on tightening or loosening monetary policy were made.
As a result, there is still a positive mood on the market. The main news of the day is the 5% price increase of the first cryptocurrency.

DAX30 DAILY CHART

Dax DAily 10.10

EURUSD

During the recent meeting, the directors of the Federal Reserve agreed that the further policy on interest rates is “not set in stone and will depend on the current situation”. Based on that, EURUSD currency pair is trading sideways in the last ten days.

GOLD

Gold price is rising the second day, having its strong support over $1500. The investors hope that the Federal Reserve will start accumulating assets and new liquidity will flow into the market. Gold is the first asset that is expected to rise, because free liquidity should be accumulated somewhere.

INDICES

World stock indexes almost recovered after yesterday’sdrop. The 200 day moving average provides strong support for both S$P500 and DAX. Oil price is rising due to the start of Turkey’s military campaign in Syria.

What’s going to happen today?

Much news and economic data will be coming out tomorrow.
At 10.30 the large portion of Great Britain economic statistics will be released: industrial production, trade balance and GDP.
At 11.30 the head of the Bank of England Mark Carney will speak.
At 13.30 the ECB monetary policy report will be released.
At 14.30 the US CPI (Consumer Price Index)

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