After a good start of the week, dollar has once again failed the expectations for growth while Euro and pound were gaining more value. Germany is in strikes and crypto traders will remember the beginning of the year as the worst time since 2013.
Euro gains more strength, dollar is declining again.
Asian stocks are currently down from the growth tempo that they were showing earlier in the month. This can be explained by the investors being doubtful with the indexes due to recent run-up in bond yields.
MSCI Asia Pacific has fallen as well as equites in Japan and MSCI All-Country World Index, which had its worst two days since 2016.
The greenback has once again fallen back after Donald Trump delivered his first speech in front of the Senate since becoming the President. Although this is not surprising since the US national currency has been reacting to the words of officials for several weeks now, hitting new and new lows every day. US 10-year Treasury are also not doing so well, having fallen down, but being rather close to the highest mark since 2014.
German workers began striking.
Workers from several German conglomerates have started their 24-hour strike. Even though the strike is not going to go on for a long time the damage to the production lines can be quite severe.
Siemens AG, Daimler AG, IG Metall, BMW AG and some other unions are now caught right in the middle of wage-related protests. And while some of them are, like IG Metall, are trying to resolve the issue by long negotiations, other are choosing to wait until the strike is over.
Workers, in their turn, are hoping to raise the stakes by sabotaging all the work. In general workers are hoping to influence wage-views of more than 250 companies all across Germany.
Although official disprove of strikes and say that that is an irresponsible decision and that it will endanger jobs.
So far, the employers are not ready to raise the wages by the almost 7%, which is the amount, demanded by the workers. Central Bank is also worrying that the permanent raise in wages may cause stagnation.
Bitcoin is heading for the worst month of performance since 2013.
Bitcoin has lost its positions and since peaking in the beginning of December 2017 it has lost around 31% of its value and today is traded at the point even lower than $10.000.
Seems that this slide is causing other cryptos to fall down as well. Etherium, Litecoin and Ripple have all lost at least 2% of their value.
As was said, this January is the worst month for the biggest crypto in the market since 2013
Stock, currencies and crude overview.
MSCI Asia Pacific fell 0.3%.
S&P 500 is showing better results with the 24-hour growth of 0.2%.
Nasdaq is up by 0.25%.
Japanize yen’s performance is better – it rose by 0.1 percent and is traded at the point of 108.72 per dollar.
Euro is also showing growth by rising by 0.3%.
Silver is traded at the point of $17.214 per ounce and gold rose 0.4% - $1.343.40.
WTI fell quite a bit – by 0.6% and costs 64.13 per barrel.
