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23.12 - this week is going to be very lazy

30.10.2019

 

Remember – in 2 days most of the word is going to go on a Christmas break. Not even on the 25th, as a lot of workers around the world are going to leave their posts early tomorrow in order to get home earlier. The comeback of most of traders is going to be the 27th, but that is only 1 day of this week, so do not count on the markets being extremely active, even though not all of the countries are going to celebrate Christmas. Still, most of the world is going to be too busy drinking eggnog and smooching under the mistletoe to worry about the USD performance.

 

As the last week of more or less active trading for the year has come, we are now left seeing Asian markets growing as traders are coming to understand that trade deal and its effects more and more. Today Asian markets are standing on the highest point in 18 months as trading around the world keeps on slowing down because of the Christmas break that is coming in just 2 short days.

 

USD has given up its strong positions for a little bit, which gave EUR and GBP the possibility to recover at least something that was lost last week. It is going to be interesting to see what the reaction of USD is going to be to traders leaving for a holiday break. Neglected, it might just slide down or grow – no way to tell right now.

 

American stock market – that is the real victim of all the holiday cheer. TSLA and AMZN have acquired such a good speed of growth that it is going to be a shame to leave them right now. But, that is what we have to do as the stock exchanges that are trading them are simply going to be closed.

 

Oil is declining, reversing its movements from the end of last week. Precious metals are growing, suing the slowed-down USD as a perfect ramp for a possible breakout.

 

Here are the shifts for the day:

 

Topix dropped 0.2 percent.

Kospi barely changed.

Shanghai Composite decreased 0.95 percent.

Hang Seng from Hong Kong decreased 0.1 percent

S&P 500 futures wasn’t moved much.

Euro recovered just a little bit against the greenback - $1.1083.

Pound grew 0.1 percent - $1.3015.

Yen was flat – 109.341 per dollar.

Canadian dollar decreased 0.1 percent - $1.3158.

Tesla added 0.4 percent - $405.59.

Apple declined 0.2 percent - $279.44.

Facebook grew 0.1 percent – $206.3.

Amazon decreased 0.3 percent - $1786.5 per share.

Google dropped 0.4 percent - $1351.22.

WTI declined 0.3 percent - $60.15 per barrel.

Brent shed 0.2 percent - $65.88 per barrel.

Gold grew 0.2 percent - $1481.43 per ounce.

Silver increased 0.55 percent - $17.25 per ounce.

Platinum added 0.6 percent – $916.47.