21.02 - USD is going to be on the rise soon
What can we expect from the last day of trading for the week? Well, a lot. We could focus on so many different things. We could keep on looking at Asian markets, waiting and hoping that there is not going to be a very serious decline in the January-February performance of the segment of the market. But, is that realistic? Is that really what can happen, or is it just our hopes and dreams?
Well, if we are being honest, then China is already saying that we are going to see a very steep and serious decline in the trade numbers as with virus outbreak, there are simply no way that the production and the delivery of Chinese companies remained the same. We need to understand that as long as the virus is raging, we are going to see weak numbers from China and that it is going to influence the world economy in general.
Of course, that means that safe havens are going to be all good though. It is already seen – Asian and world funds are looking for some stability. Just like traders themselves. And where are they finding that? Of course, in countries hosting safe havens currencies. And that can be seen very well with USD. According to different experts Dollar is going to start feeling better in the nearest future due to all of the instability in the world and due to high demand for it in the markets.
And so, the end of the week. It is hard to find words in order to describe what we were going through. I could call it a routine – Asian virus doesn’t possibly let us relax and always keep us on our toes. We hope that the situation in going to change, but it seems that the virus is only holding onto us and doesn’t want to let go. Maybe next week? We can hope and keep on trading without panicking or anything!
Here are the numbers for today:
Topix added 0.2 percent.
Kospi decreased 1.2 percent.
Shanghai Composite added 0.8 percent.
Hang Seng from Hong Kong lost 0.7 percent
S&P 500 futures lost 0.35 percent.
Euro was flat - $1.0793.
Pound dropped by 0.1 percent - $1.2895.
Yen declined 0.6 percent – 111.99 per dollar.
Canadian dollar lost 0.15 percent - $1.3247.
Tesla lost 2 percent - $899.41.
Apple dropped 1 percent - $320.3.
Facebook lost 1.3 percent – $214.58.
Amazon dropped 0.8 percent – $215.1 per share.
Google declined 0.5 percent - $1516.99.
WTI dropped 0.3 percent - $53.54 per barrel.
Brent shed 0.3 percent - $58.86 per barrel.
Gold added 0.4 percent - $1626.01 per ounce.
Silver grew 0.55 percent - $18.46 per ounce.
Platinum jumped 0.7 percent – $977.
Palladium surged 0.25 percent - $2691. per ounce.