News & Analysis

GO Daily News – 17th January 2018

January 18, 2018

GO Daily News – 17th January 2018


The CBOE Volatility Index rose by 1.50 points and it currently trading at 11.66. Investors are showing low appetite for risk.

Major US equity indices closed the day lower despite extending gains during the first few hours of trading. The S&P 500 lost 12.46 points and closed at $2,781.36 whilst the DOW lost 120.63 points and closed lower at $25,845.73.

US500 and WS30 (Daily)

Source: GO Markets MT4
The European indices also rose upon improved sentiment led by corporate trading updates but retracted later in the trading session.
STOXX50 and DAX30 (Hourly)

Source: GO Markets MT4

Nikkei jumped and closed at a daily high with a overnight firmer dollar that is boosting the export stocks.

Commodities such as Gold and Oil pulled back and closed lower yesterday. Oil prices have been driven up by oil production curbs by OPEC and Russia and also an increase in demand at the same time which pushed the prices higher. The markets are expecting a corrective phase at some point.

Source: Bloomberg,,, CNBC


Reports that the ECB minutes might be less hawkish than anticipated caused the Euro to lose some of its gains. The surge in Euro was also concerning as import prices increase could affect the economy.

Despite, rising up momentarily, the US Dollar Index still stays weak compared to other major currencies.

The cryptocurrencies dominated the markets yesterday. It is reported that the Top 20 cryptocurrencies dropped in terms of market capitalization. Governments in China and South Korea are worried as they viewed digital currencies as an “irrational” investment” and are eager to put a clampdown on cryptocurrencies.

Bitcoins and Ethereum plummeted to fresh lows and are currently trading at $11,1190.40 and $1,012.61 as of writing.


Source: GO Markets MT4
Source: AFR, SMH, CNBC, BBG, WSJ, CNN, Bloomberg,, The Australian, Reuters

Key event today will be the Bank of Canada Interest Rate Decision. Rumors is that the Bank of Canada will raise its interest rate by 25bps.
View the full economic calendar here.

Thursday, 18th January 2017
Indicative Index Dividends
Dividends are in Points

*Dividends are in points
Source: Bloomberg,, Reuters


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