8.07 - the week promises to be very stressful for traders
Trading is Asian segment of the market was very turbulent today as the major payers of the segment are starting a week off on a weak note which has already become somewhat a tradition for us – it is a very rear week for Asian markets to see a lot of growth if any for that matter.
Of course this influenced world trading a lot. We see that performance of major assets across all the segments of the market is very mixed and we hope that the situation is going to improve as we well be trading through the week. For example – the greenback is trying to seize momentum on great numbers in the job report that saw the light of day on Friday but it is very questionable – how much steam is in the report and how long will the greenback be able to ride it?
Of course with questions like that we need to look out for the other major assets like gold and oil. And even though they go together here, in the markets the situation is totally different. We see that gold and precious metals are going up while oil performance is very weird – the crude is EXTREMELY still today which is scary as we know that calm always comes before the storm.
American tech and social shares are mixed with more red in the segment. But that can be due to the instability of the companies-carriers of the shares.
The week promises to be interesting.
Here are the main changes for today:
Topix dropped 0.9 percent.
Kospi decreased by 1.8 percent.
Shanghai Composite lost 2.5 percent.
Hang Seng from Hong Kong lost 1.8 percent.
S&P 500 futures lost 0.2 percent.
Dollar is growing against the basket of six major currencies and is now hovering around 3-weeks-high point.
Euro was little changed - $1.1228.
Yen was little changed – 108.37 per dollar.
Apple dropped 0.1 percent - $204.23.
Facebook lost 0.4 percent – $196.4.
Amazon increased 0.2 percent - $1942.91 per share.
Tesla dropped 0.8 percent - $233.1.
WTI was still - $57.51 per barrel.
Brent is flat - $64.23 per barrel.
Gold grew 0.3 percent - $1404.8 per ounce.
Silver added 0.4 percent - $15.07 per ounce.
Platinum advanced 0.3 percent – $813.