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22.01 - major assets have reversed their direction today

10.07.2019

 

Markets today look and perform nothing like they did yesterday. Almost all of the major assets that we usually follow have reversed their direction and are now waiting for the trends to settle. Asian markets are stable and even gaining with only China slipping lower due to epidemic concerns. I have to say, that yesterday the concerns about the new virus making its way through China have even influenced USD itself, with traders and investor displaying an unusual level of cautiousness about this.

 

In other news, USA markets renewed their work after Martin Luther King Junior holiday that took place on Monday. Surely, we were not expecting to come back to today’s trading and see this – even American markets did not maintain their preciously set direction. Seems that Tesla is ready to go back to the uptrend now which would be great. Apple and other instruments in the segment are far away from TSLA’a rally though, so we have to wait

 

USD itself took a pretty nasty fall yesterday as traders all around the world were facing the epidemic crisis that we have already talked about today. American indices fell pretty swiftly together with the Chinese ones and took USD together with them. Right now, it seems, that USD is ready to recover as it is finding the legs to stand on.

 

Oil is still falling with Libyan crisis hanging in the air. Crude output of the country is slashed, so concerns have to be growing, which means that the price has to be growing as well, right? Well, not in those cases where volatility and risks are this big. Surely, it is somewhat eased by the generally big output numbers of all of the other oil-producing countries, but we all know, how sensitive this segment of the market is, right?

 

Here are the main numbers for the day:

 

Topix grew 0.5 percent.

Kospi recovered 1.1 percent.

Shanghai Composite added 0.4 percent.

Hang Seng from Hong Kong increased 1.2 percent

S&P 500 advanced 0.5 percent.

Euro dropped 0.1 - $1.1085.

Pound grew 0.3 percent - $1.3056.

Yen lost 0.1 percent – 110.05 per dollar.

Canadian dollar decreased 0.1 percent - $1.308.

Tesla recovered 7.2 percent - $547.2.

Apple slipped 0.7 percent - $316.57.

Facebook increased 0.3 percent – $221.44.

Amazon added 1.5 percent - $1892 per share.

Google advanced 0.2 percent - $1482.25.

WTI dropped 0.3 percent - $58.05 per barrel.

Brent is by 0.3 percent lower - $64.3 per barrel.

Gold declined 0.4 percent - $1551.2 per ounce.

Silver shed 0.1 percent - $17.72 per ounce.

Platinum added 0.4 percent – $1002.75.