Risk insurance, what to do with the dollar, oil and the ruble
Yesterday's opening brought gold to the highest mark since 2013. According to Goldman Sachs analysts, gold is by far the best hedge against geopolitical risks. We generally agree with this and continue to recommend buying the asset, since we believe that the mark of 1800 is an achievable goal for gold this year.
But it is much more promising trading ideas in terms of earnings is the US high-tech sector shares sale of for us. But since we are conducting a separate branch of stock reviews, let's get back to the currency and commodity markets, as well as the news.
Key events continue to develop around the conflict between the US and Iran. Key news for today: Soleimani killed (second most important person in Iran); Iran announced impending revenge; Iraq asked US troops to leave the country; Trump announced 52 targets in Iran in response to possible attacks; Iran has completely withdrawn from the nuclear deal.
Total, the situation is developing, but so far more horizontally than vertically. The growth of gold and oil is rather an attempt to discount in advance under the escalation of the conflict. Although we prefer from time to time to go against the stream and open reverse positions, for now, we recommend going in the direction of travel. At least, we will definitely continue the purchase of gold.
As for oil, its further growth will depend entirely on Iran’s actions. In general, we do not believe in the rapid transition of processes to the terminal stage, which means that we do not believe in further oil growth. But first of all, one should proceed from the facts. Therefore, for the time being, we maintain neutrality in oil. Which, however, it does not stop buying an asset within a day from interesting points, as well as selling it in the absence of tough fundamental contraindications.
The Russian ruble is still extremely attractive for sales. So those of our readers who have not sold it yet can do it today.
In terms of macroeconomic statistics, attention should be paid to consumer inflation and retail sales in the Eurozone, as well as data from the USA (ISM index of business activity in the services sector, production orders and trade balance).
But it is much more promising trading ideas in terms of earnings is the US high-tech sector shares sale of for us. But since we are conducting a separate branch of stock reviews, let's get back to the currency and commodity markets, as well as the news.
Key events continue to develop around the conflict between the US and Iran. Key news for today: Soleimani killed (second most important person in Iran); Iran announced impending revenge; Iraq asked US troops to leave the country; Trump announced 52 targets in Iran in response to possible attacks; Iran has completely withdrawn from the nuclear deal.
Total, the situation is developing, but so far more horizontally than vertically. The growth of gold and oil is rather an attempt to discount in advance under the escalation of the conflict. Although we prefer from time to time to go against the stream and open reverse positions, for now, we recommend going in the direction of travel. At least, we will definitely continue the purchase of gold.
As for oil, its further growth will depend entirely on Iran’s actions. In general, we do not believe in the rapid transition of processes to the terminal stage, which means that we do not believe in further oil growth. But first of all, one should proceed from the facts. Therefore, for the time being, we maintain neutrality in oil. Which, however, it does not stop buying an asset within a day from interesting points, as well as selling it in the absence of tough fundamental contraindications.
The Russian ruble is still extremely attractive for sales. So those of our readers who have not sold it yet can do it today.
In terms of macroeconomic statistics, attention should be paid to consumer inflation and retail sales in the Eurozone, as well as data from the USA (ISM index of business activity in the services sector, production orders and trade balance).
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bit.ly/2oBvkHY
Больше информации на нашем ютьюб-канале
youtube.com/channel/UCYEOurJfasXWyYnrriGwsqQ
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