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12.02 - focus on instruments that will bring you profits.

 

12.02.2020

Just like we saw it yesterday – the situation un Asia and around the world is getting a little bit better even though the circumstance do not really change. We still have the same political and economic uncertainty after Brexit. We still have uncertain behavior of USD. And we still have virus in China. All of this is still there, it is just that we are looking at all of it somehow with a positive spin.

 

The only thing that is different today from as it used to be tomorrow is the job growth in USA. Seems that the time for Trump to brag about creating all of the jobs for American people is over. Job growth pace is at the lowest point in 2 years right now. As we can see, it has slowed down significantly, which means that soon we are going to see economic impact of it. And I sincerely doubt that it is going to be any good. USD is already losing points against the basket of six major rivals as traders start to understand what weaknesses and challenges USD is carrying at the moment. In the future this dip may bring more serious consequence.

 

Today we have to look for assets which are growing and focus our attention on them as it seems that the day ahead is not going to be easy. After all, as we have already determined, there is no changes in the situation in the world. This means that the markets are still very volatile and that we need to think about our winnings most and foremost. Are you ready to do it?

 

Seems that safe havens are once again in a tough spot with risk hunger growing. Neither oil nor yen are growing for the third day in a row, which means that the situation is not nearly as problematic as it seems. With traders ready to come back to American stock market and to euro and pound it is safe to assume that we are going to see more of growth for non-safe havens in the nearest future.

 

And here are the main changes for the day:

 

Topix nudged a little bit lower.

Kospi added 0.7 percent.

Shanghai Composite added 0.9 percent.

Hang Seng from Hong Kong recovered 0.9 percent

S&P 500 advanced 0.2 percent.

Euro was little changed - $1.0911.

Pound recovered 0.4 percent - $1.2962.

Yen was completely flat – 109.88 per dollar.

Canadian dollar grew 0.1 percent - $1.3274.

Tesla added 0.4 percent - $774.38.

Apple dropped 0.6 percent - $319.61.

Facebook declined 2.8 percent – $207.19.

Amazon advanced 0.8 percent – $2150.8 per share.

Google increased 1.2 percent - $1527.16.

WTI added 1.5 percent - $50.67 per barrel.

Brent grew 1.7 percent - $55.08 per barrel.

Gold dropped 0.2 percent - $1565.42 per ounce.

Silver shed 0.4 percent - $17.57 per ounce.

Platinum nudged 0.1 percent higher– $967.35.

Palladium dropped 0.3 percent - $2341.5 per ounce.