When does the panic start?

By 21/02/2020News
Morning Stock News

Gold   1630
(+0,64%)

EURUSD   1,0792
( +0,05%)

DJIA   29025,50
(-0,49%)

OIL.WTI  53,39
(-0,60%)

DAX   13726,84
(+ 0,01%)

The nerves of investors are getting more and more heated. Markets are growing, and fear is spreading over them. The number of S&P 500 short orders has fallen to its lowest level since 2007. That is, on the one hand, everyone is tired of playing against the trend. On the other hand, everyone understands that at any moment they will have to flee the stock market.


Chart of the day S&P500


Indices

Above is the 15-minute chart on the S&P500 future. It perfectly shows the gravity of the situation. The American trading session has opened, the price has hardly moved for half an hour, followed by 3 red candlesticks. In 45 minutes the market fell more than in the previous 7 trading days. What if the fall had continued for another 45 minutes? The situation is getting more serious.


Euro

The European currency refuses to decline further against the dollar. And the Japanese yen and the pound are even growing significantly against the dollar. This is a strong signal that the EUR has been very strongly oversold in the last couple of weeks. If it bounces back against the dollar on Friday, then a very strong takeout of the short traders might happen before the weekend.


Gold

The price of gold reached $ 1623 per troy ounce, then fell slightly by the close of trading. The market came out of the sideways, where it had been for several months and started a new powerful trend. The first target will be the historic high, which was shown at the beginning of the last decade. And the second, more than anyone expected, is a $2,000 level.

 


Oil

Judging by the technical analysis, a short-term oil peak has been formed yesterday. After the morning growth, the price fell to the level of trading beginning. The trend is exhaled. It can only be supported by increasing tension between Turkey and Syria.


What’s waiting for us today?

08.30 Industrial production level in Switzerland for Q4 2019

11.00 Consumer price index in EU for January

14.30 Canadian retail sales for December

16.00 US secondary housing market sales in January


Wichtige Hinweise:

Der Inhalt dieser Publikation dient ausschließlich allgemeinen Informationszwecken. Es handelt sich in diesem Kontext weder um eine individuelle Anlageempfehlung oder -beratung, noch um ein Angebot zum Erwerb oder der Veräußerung von Wertpapieren oder anderen Finanzprodukten. Der betreffende Inhalt sowie sämtliche enthaltenen Informationen ersetzen in keiner Weise eine individuelle anleger- bzw. anlagegerechte Beratung. Jegliche Darstellungen oder Angaben zu gegenwertigen oder vergangenen Wertentwicklungen der betreffenden Basiswerte erlauben keine verlässliche Prognose oder Indikation für die Zukunft. Sämtliche aufgeführte Informationen und Daten dieser Publikation basieren auf zuverlässigen Quellen. Die Bernstein Bank übernimmt jedoch keine Gewähr bezüglich der Aktualität, Korrektheit und Vollständigkeit der in dieser Veröffentlichung aufgeführten Informationen und Daten. An den Finanzmärkten gehandelte Wertpapiere unterliegen Kursschwankungen. Ein Contract for Difference (CFD) stellt darüber hinaus ein Finanzinstrument mit Hebelwirkung dar. Der CFD-Handel beinhaltet vor diesem Hintergrund ein hohes Risiko bis zum Totalverlust und ist damit unter Umständen nicht für jeden Anleger geeignet. Stellen Sie deshalb sicher, dass Sie alle korrelierenden Risiken vollständig verstanden haben. Lassen Sie sich gegebenenfalls von unabhängiger Seite beraten.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.