Morning wrap (12.11.2021)

9:39 am 12 November 2021

  • US indices finished yesterday's trading mixed. S&P 500 gained 0.06%, Dow Jones fell 0.44%  and Nasdaq added 0.52%
  • Mixed moods prevailed during Asian session. Nikkei rose 1.23%, Kospi gained 1.50% and S & P / ASX 200 traded 0.8% higher. Indices from China struggled to find a common direction. 
  • DAX futures point to a slightly lower opening of the European trading session
  • President Biden signed legislation to prevent companies like Huawei  that are deemed security threats from receiving new equipment licenses from US regulators.
  • Chinese port city of Dalian reports a jump in COVID-19 cases
  • PM Johnson does not want to trigger Article 16 regarding dispute with the EU over Northern Ireland, according to UK Times
  • Inflation Expectations in Australia increased to 4.6% in November from 3.6% in October
  • AMC (AMC.US) announced that it is now accepting Bitcoin, Ethereum, Litecoin
  • Precious metals and oil trade slightly lower. Downbeat moods can be spotted on the cryptocurrency market.
  • USD and JPY are the best performing major currencies while NZD and CAD lag the most

BITCOIN price pulled back from fresh all-time high at $69,000 and is currently testing local support at $64,700 which coincides with 38.2% Fibonacci retracement of the last upward wave. Source: xStation5

The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.

Share:
Back

Join over 1 600 000 XTB Group Clients from around the world.