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19.11 - USA and Japan reached a trade deal



Trade deals and trade talks are inescapable today. Today we are all talking about trade deal because Asian segment of the market is too dependent on it and because it is so elusive, any hope that we have for its conclusion is a miracle. Today there was a trade deal. But not nearly the one we need. Today USA and Japan signed a trade deal, although this is hardly the end of the road here.

There are still automobile tariffs in action, which means that trade conflict between Japan and USA is far from over, although the situation in Japan is far better than in China as we can see. Cheese officials can barely come close to making some sort of a deal with USA. And here, of course, a huge role is played by lack of Trump’s wish to make a deal, there is no doubt about that.

Of course all of this couldn’t help but reflect in currency market. And so it did. Traders and investors, seeing how difficult it is for the rest of the world to deal with the USA and with Trump do not want to be the odd ones out. That is why today, just the same as yesterday, we can see lack on traders’ interests in the greenback.

The currency is very flat against the basket of six major rivals, which tells us that no one really wants to deal with it. It Is even falling a little bit, as a matter of fact. But that means, that everything else grows. Just like yesterday, euro, pound and yen are the winners.

Precious metals are reversing the downtrend for today, oil went back to falling, which is barely surprising to us. The crude has not been the example of stability and attractiveness for the last couple of months. And no wonder – there is no news on the segment.

Here are the major shifts for today:

Topix lost 0.3 percent.

Kospi lost 0.6 percent.

Shanghai Composite increased 0.6 percent.

Hang Seng from Hong Kong recovered 1.2 percent.

S&P 500 futures grew 0.1 percent.

Euro recovered 0.2 percent - $1.1078.

Pound grew 0.3 percent - $1.2959.

Yen is by 0.2 percent heavier – 108.59 per dollar.

Canadian added 0.1 percent - $1.3203.

Tesla lost 0.6 percent - $349.99.

Apple added 0.5 percent - $267.1.

Facebook grew 1.2 percent – $197.4.

Amazon increased 0.75 percent - $1752.53 per share.

Google lost 1.1 percent - $1320.7.

WTI dropped 0.4 percent - $56.8 per barrel.

Brent lost 0.3 percent - $62.26 per barrel.

Gold grew 0.05 percent - $1472.6 per ounce.

Silver added 0.7 percent - $17.11 per ounce.

Platinum added 0.6 percent – $899.89.