“One we accept our limits we move beyond them» is not only a sentence promnounced by Albert einstein but a crtieria he followed while revolutioning our knowledge about physics and the universe. He was a genius indeed, selflearning Geometry at 11 and demostrating Pithagoras theorem at 12 while learning integral and differential calculus. When he faced his limits, he explored new ways to go beyond them. This is a strong and positive reference for us. Good morning.
We have started the week with serious losses at the Tokyo Stock Echange with its index dropping 3,5% due to the strength of the yen that complicates Japanes exports. Shanghai was losing 1,11%, Hong Kong 2,53% and Sidney 0,92%.
The European stock markets have been contaminated of this movement regardless of their initial upwards pressure. Dax is 045% down, Eurostoxx is 0,72% down and the IBEX is already 1,0% down too, but it was worse earlier.
EURUSD has slightly returned towards 1,13 and is quoting now at 1,1270. USDJPY went below 106 yens per dollar to a minimum level of 105,81 for the first time in two months, and it is priced now just there.
Gold is surging 0,70% to 1285,3 due to the drop in the stock markets. Silver is flat, losing 0,09% at 17,30. Brent Oil is going 1,28% down to 49,96 and WTI is 0,55% down at 48,42.
WHAT COULD MOVE THE MARKETS TODAY
The markets are mainly influenced by the Brexit or Bremain effect. Aparto from this, we only have the UK leading indicators index at 15:30 today, waiting for more important figures from China tonight.
El Mundo del Trading en los Mercados Financieros 