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13.08 - Asia followed US further down



Real weakness was displayed yesterday by the American markets. We saw the stalling in the performance of the dollar as well as a very steep slide in the performance of the American tech and social shares. And while the greenback has recovered for today, we see that shares are extending their performance into today – this is a clear sign of weakness from American economy due to the trade war imposed by the US on the world countries.

And today we see a tendency – all of the other major players from the rest of the world started following the US market. It is especially visible in Asian segment of the market where yesterday’s growth, albeit a small and restricted growth – changed into losses and declines. And that is not the sign that traders wanting to flee for something safer. It is just a sign that traders are tired of dealing with one of the trade war’s side.

Do we have any opportunities to trade and earn today? Well of course! We see that even with the greenback sticking its head out to grow we can spot increases in value for gold and other precious metals. Oil is not so much for us today.

Currency market is also not looking all bright and shiny with more and more declines in the segment of the market. There are no winners there today.

Here are the main changes for today:

Topix dropped 1.1 percent.

Kospi decreased 0.7 percent.

Shanghai Composite lost 0.7 percent.

Hang Seng from Hong Kong dropped 1.65 percent.

S&P 500 futures added 0.2 percent.

MSCI Asia Pacific lost 1.1 percent.

Dollar grew 0.1 percent against the basket of six major currencies.

Euro costs $1.1189 – down 0.2 percent.

Yen lost 0.1 percent – 105.43 per dollar.

Apple slipped 0.25 percent - $200.48.

Facebook lost 1.3 percent – $185.37.

Amazon slipped 1.25 percent - $1784.92 per share.

Tesla decreased 2.55 percent - $229.01.

Google lost 1.2 percent - $1174.5.

WTI dropped 0.2 percent - $54.8 per barrel.

Brent decreased 0.3 percent - $58.41 per barrel.

Gold grew 0.6 percent - $1528.7 per ounce.

Silver added 1.4 percent - $17.31 per ounce.

Platinum’s grew 0.5 percent – $862.12.