CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Morning wrap

06:34 17 January 2020
  • US indices finished yesterday’s session at fresh record highs. S&P 500 added 0.84% and closed above 3300 pts for the first time in history. Dow Jones gained 0.92% and Nasdaq surged 1.06%

  • Chinese data for December showed that industrial production grew by 6.9% YoY (expected 5.9%),  retail sales increased 8% YoY (expected 7.9%) and fixed asset investments jumped 5.4% YoY (expected 5.2%). GDP growth of 6% in Q4 2019 was in-line with estimates. Full-2019 GDP growth reached 6.1%, slightly below an estimate of 6.2%

  • Release of solid data from China boosts sentiment during the Asian session. Nikkei finished 0.45% higher and S&P/ASX 200 added 0.32%. However, Chinese indices trade mixed.

  • NZD is the top gainer among majors on Friday morning while JPY is the biggest laggard. Precious metals advance along base metals while oil trades flat.

  • Donald Trump plans to nominate Judy Shelton and Christopher Waller to the Federal Reserve. Both economists are considered doves

  • Nonpartisan government watchdog said that the White House broke the law by withholding aid to Ukraine that was appropriated by the Congress

  • Phil Hogan, EU trade commissioner, said he did not discuss US tariffs on cars during his visit in Washington

  • US Treasury will start issuing 20-year bonds in the first half of 2020

  • It is said that 11 US soldiers were injured in Iranian missile attack last week

In spite of Chinese data being quite solid, CHNComp is sliding today. The index is struggling near the resistance zone marked by 78.6% Fibo level (11425 pts). Source: xStation5

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