26.06 - currency market is waiting for the G20 summit
Asian stocks and indices are seeing a very serious decline today as US-China trade talks are nearing towards us. After all, if the talks are really going to go through then we are going to see hunger for risks getting higher and higher and thus traders are going to have the possibility to choose more volatile assets. That means that yen and Asian markets as a whole are going to see a serious decline.
Although the situation might just react differently with Asian market seeing more and more actions as they are going to be open for business-as-usual. Although that is the more preferable way for the development there is no saying as to what is going to happen.
In the meantime, OPEC meeting seem to be just what oil market needed as the prices for oil are seeing a pretty huge jump today. It seems that soon we are going to hear more and more talks on supply and producing cuts which is going to let us see oil going higher and higher.
Currency market is more or less stable today. Dollar seems to have found the possibility to stabilize its positions without baring huge losses and now ahead of the major report it is possible that we are not going to see a whole lot of changes. Although it is said that the action in the currency market is going to die down a little bit until after G20 summit is over which is going to be the beginning of the next week.
Here are the main changes for today:
Topix dropped 0.7 percent.
Kospi decreased 0.1 percent.
Shanghai Composite dropped 0.2 percent.
Hang Seng from Hong Kong added 0.1 percent.
S&P 500 futures rose 0.1 percent.
Dollar barely moved against the basket of six major currencies.
Euro costs $1.1357.
Yen is at 107.44 per dollar point.
Apple dropped 1.5 percent - $195.57.
Facebook lost 2 percent – $188.84.
Amazon decreased 1.9 percent - $1878.27 per share.
Tesla slid 1.7 percent - $219.76.
WTI advanced 1.95 percent - $58.96 per barrel.
Brent grew 1.5 percent - $66.05 per barrel.
Gold lost 0.5 percent - $1411.4 per ounce.
Silver lost 0.7 percent - $15.28 per ounce.
Platinum declined 0.4 percent – $807.48.