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10.07 - Asian market are striving as we wait for new USD policies


Stocks in Asia, as was their luck today, got way more attention and way more growth than previously this week. Why? Well, we have US monetary policies to thank for that of all things. It seems that traders want to stay off the greenback until Jerome Powell testifies before the Senate and reveals the future plans for USD – will interest rates and policies remain the same for the American currency or will they change in the nearest future? That is exactly why trading with USD is going slow right now.

Of course Asian segment of the market is not the only one feeling these changes. We also have oil which unexpectedly started to slip away yesterday but regained its power today. It might all be due to the fact that a lot of traders are trying to look for and find something safer and something that is sure to bring them financial gains.

Profits today can also be found in American tech and social shares as major players there are gaining points today as opposed to losing them which is exactly what we saw for the last several days. Growth is a welcome change especially given the overall instability of the major players of this particular segment of the market.

Of course precious metals are attracting our attention today. We are seeing that gold that has been climbing is now losing all the gained price and that is not really a proud point for the metal. It is also taking down all of the other metals in the segment. Of course worries around USD would influence the performance of the very dependent segment of the market, what did we expect?

Here are the main changes for today:

Topix dropped 0.2 percent.

Kospi rose 0.6 percent.

Shanghai Composite barely changed.

Hang Seng from Hong Kong rose 0.4 percent.

S&P 500 futures were flat as Asian markets opened.

Dollar edges higher towards the three-weeks-high point against the basket of six major currencies.

Euro was little changed - $1.1206.

Yen dropped 0.1 percent – 108.91 per dollar.

Apple added 0.6 percent - $201.24.

Facebook rose 1.8 percent – $199.21.

Amazon increased 1.8 percent - $1988.3 per share.

Tesla dropped 0.1 percent - $230.06.

WTI oil added 1.4 percent - $58.66 per barrel.

Brent rose 1 percent - $64.82 per barrel.

Gold decreased 0.4 percent - $1394.4 per ounce.

Silver slipped 0.3 percent - $15.1 per ounce.

Platinum is by 0.1 percent lighter – $811.36.