www.varchev.com

US markets remain calm as the Dollar recedes

Rating:

12345
Loading...

With the official opening, US indices are down, with government securities also down and gold and oil rising.

Boeing leads the loss after attempting a rally on Monday. The company announced structural changes. Yields on 10-year US bonds reached 1.95%, WTI goes above $ 60 a barrel and precious metals remain strong for the day.

However, analysts are paying attention to signals that indicate that we have reached the peak in the overbought area, which will pause the rally. This does not mean, of course, that it could not continue with new forces next year.

Against the background of festive serenity, several assets perform extremely well. MSCI World Index is about to finish the year with 25% growth, which will be its best performance in 10 years. Gold is on track to record its best year since 2010, and Monday's mixed data still holds the slim hope that at least another interest rate cut by the Fed will follow.

On the FX front, the US dollar has parried its earlier offensive against its main rivals and is aiming to record a monthly decline. The British pound also reversed its earlier losses.

Source: Bloomberg Finance L.P.

Graphs: Used with permission of Bloomberg Finance L.P.


 Trader Martin Nikolov

Read more:

RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance

London


25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256

Universal numbers

World Financial Markets - 0700 17 600    Varchev Exchange - 0700 115 44

Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.

Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006

The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.


Disclaimer:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

chat with dealer
chat with dealer
Cookies policy