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Investors move to safe-haven assets amid global uncertainty

Commodities market

Oil prices edged lower today as investors suggest a global manufacturing downturn as major crude producers meet this week to determine the supply volumes. Brent crude futures dropped 0.2%, and WTI crude futures slid 0.1%.

Key tickers:

Brent: 99.90 — sell.

WTI: 94.13 — neutral.

NG: 8.124 — strong sell.

Foreign exchange market

The U.S. dollar edged higher today, driven by geopolitical tensions. Still, the USD remains near a two-month low against the yen. The DXY index traded 0.1% higher to 105.440.

Key tickers:

USD/ZAR: 16.4483 — strong sell.

EUR/USD: 1.0232 — strong sell.

USD/JPY: 130.82 — strong sell.

USD/CAD: 1.2864 — strong buy.

GBP/USD: 1.2204 — strong buy.

Metals

Gold prices rose today as weakening global economic activity increases demand for the safe haven. Spot gold rose 0.4% today, reaching a one-month high.

Key tickers:

XAU/USD: 1772.72 — neutral.

XAG/USD: 20.275 — neutral.

XPT/USD: 812.71 — strong buy.

XPD/USD: 2191.30 — neutral.

Crypto market

Bitcoin fluctuated between $22,800 and $23,400 in the past day and kept decreasing. The price is currently near $22,900, almost 2% down. The ETH is down nearly 7%, below the $1600 level.

Key tickers:

BTC: $22,902.7 — strong sell.

ETH: $1,593.00 — strong sell.

Neo: $10.7600 — strong sell.

Zcash: $60.70 — strong sell.

Stock market

European stock futures slid today amid geopolitical concerns and military tensions around the globe. The DAX futures traded 0.6% lower, the CAC 40 futures dropped 0.4%, and the FTSE 100 futures fell 0.3%.

Key tickers:

  • indexes

S&P 500: 4,118.63 — strong buy.

Nasdaq 100 (NDX): 12,940.78 — buy.

Dow Jones Futures: 32,656.0 — strong sell.

DAX: 13,408.98 — sell.

  • Shares

Boeing Co #BA: 169.07 — strong buy.

Apple #APPLE: 161.51 — buy.

Amazon #AMAZON: 135.40 — strong buy.

Tesla #TESLA: 891.83 — strong buy.

Meta Platforms Inc #FACEBOOK: 159.93 — strong sell.

Author: GC

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