Market News – 8 Jan 2020

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This post is also available in: فارسی (Persian)

 

By: Stuart Cowell

Iran fires 22 missiles at US/coalition bases in Iraq – Oil, Gold & JPY leap. Trump tweets “all is well” assessing if causalities and Iran says does not want War and that attack was “conclusive” – Gold JPY and Oil slip back but remain elevated.

USD Index – 97.77 yesterday – down to 96.50 – recovered to 96.60 – R1 96.80 – PP 96.55
EUR – off 1.1130 lows yesterday rallied to pp at 1.1160 – back to 1.1150
JPY – collapsed to 107.62 (AUDJPY fell to 73.75) before recovering to 108.36 – but remains under key 108.50
GBP – under pp at 1.3125
AUD – 0.6870 
CAD – 1.2988

GOLD – spiked to 1610 – back under 1600 – trades at 1592
USOil – spiked to 65.60 – back to R1 at 63.30

Equities had closed down 9 pts at 3227. FUTS – collapsed to 3180 but have more than recovered to 3231

Today – German factory orders have missed, & JPY Consumer confidence weaker. Still to come to US ADP Payrolls – and watch the Trump twitter feed for updates on the situation in Iraq & Iran.

Biggest (FX) Mover overnight @ (07:00 GMT) CADCHF (+0.22%)


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