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3.07 - there are losses and instability everywhere today

22.02.2019

 

 

The situation in the Asian markets is looking even more dull than it was yesterday. But declines are frequent guests in the markets today even though that the situation looks as of the numbers are ready to recover. But it is not only Asia that is getting hits today. American yields, especially 10-year yield are also significantly lower today. In fact, it sank to the lowest point since November 2016.

What does this mean for us? Well, it means that the greenback is going to follow them. It IS following them as it is looking on the downside against the basket of six major currencies today. As the fall is extended from yesterday it is pretty obvious that other assets get more room for breathing.

Gold an oil are grabbing the opportunity to gain some points even though oil hasn’t been gaining steadily, the graph for the crude shows us that per-barrel price is pretty far away from stability these days. Currencies in their turn seem to be cautious against the greenback as trades prefer to invest into safe havens at the moment. This is proved by the growing yen and flat euro. And who can blame us for wanting some stability?

There are a lot of changes and reports coming in pretty soon. USD is waiting for employment report that is going to tell us everything about health of the economy, euro might be facing lighter monetary policies and CAD can’t find ground because of the jumping prices for oil. Traders are waiting for better times.

Here are the main movements for today:

Topix lost 0.85 percent.

Kospi decreased 1.1 percent.

Shanghai Composite dropped 0.8 percent.

Hang Seng from Hong Kong lost 0.2 percent.

S&P 500 futures slipped 0.1 percent.

Dollar lost another 0.2 percent against the basket of six major currencies and is now hovering around the lowest point in three months.

Euro was flat - $1.1288.

Yen added 0.2 percent – 107.62 per dollar.

Apple added 0.6 percent - $202.73.

Facebook rose 1 percent – $195.

Amazon increased 0.6 percent - $1934.31 per share.

Tesla lost 1.15 percent - $224.55.

WTI added 0.4 percent - $56.47 per barrel.

Brent grew 0.3 percent - $62.59 per barrel.

Gold grew 1.45 percent - $1428.4 per ounce.

Silver added 0.8 percent - $15.37 per ounce.

Platinum lost 0.1 percent – $829.6.