Financial Analyst/Content Writer, RADEX MARKETS
Lawrence J. came from a strong technical and engineering background before pivoting into a more financial role later on in his career. Always interested in international finance, Lawrence is experienced in both traditional markets as well as the emerging crypto markets. He now serves as the financial writer for RADEX MARKETS.
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As one would expect, events surrounding Greenland are leading the news cycle, including new tariff threats between the US and Europe, but tensions may ramp up in earnest later today with President Trump’s appearance at the Davos summit in Switzerland.
Suffice to say markets are in risk-off mode for the time being. Traders took money off the table early this week, with stocks and cryptocurrencies bearing the brunt of the selloff. Stock indices around the world continued to fall yesterday, but the declines in the US were particularly sharp due to American market closures on Monday, forcing traders to catch up to the losses in Europe and the Far East. The Dow, S&P 500 and Nasdaq Composite all closed yesterday’s session in the red, although the selling pressure has lacked any real degree of conviction so far. The flight to safe-haven assets pushed Bitcoin below the $90,000 threshold yesterday but there too the damage appears to be contained for now and cryptocurrencies are back in the green as of this morning. The selloff in the US Dollar is somewhat more convincing, pushing the DXY down to the mid-98 range.
The real winner in all of this is of course gold. The precious metal has gone from strength to strength so far this week, breaching $4,700 for the first time on Tuesday, and fully maintaining its momentum during this morning’s session. The metal now sits above $4,860 per ounce and the question of the all-important $5k milestone is on everyone’s mind. Silver is asking its own questions after briefly venturing above $95 yesterday, but unfortunately the white metal was unwilling to provide any answers this morning, instead dipping back down below $94. Platinum and palladium remain on the front foot, although current flows firmly favour gold.
Woes in the Japanese bond market deepened yesterday, with yields on thirty-year government bonds spiking to decade-highs. Yields have been climbing steadily for months, but after Japanese PM Sanae Takaichi called a snap election on Monday, investors are increasingly concerned about potential monetary stimulus down the line. The rise in bond yields is certainly more pronounced in Japan, but given the global nature of debt markets, the phenomenon is spreading to long-term US, UK and German bonds as well, which have all seen modest selloffs this week. Rising bond yields will lead to higher borrowing costs in general, to which world leaders are very sensitive.
Amaran Risiko : Perdagangan derivatif dan produk berleveraj mempunyai tahap risiko yang tinggi.
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