5 Key Markets Takeaway

<p><a href="https://admiralmarkets.com/analytics/traders-blog/market-takeaway-24-jun"><img data-resize="auto" data-resize="auto" data-resize="auto" style="width:auto;" data-src="https://fxmedia.s3.amazonaws.com/articles/Key_Takeaway.jpg" alt="Market Takeaway" rel="display: block; margin: auto;"></a></p><p>Asian stock markets closed with no significant shifts after a trading session marked by the Bank of Japan decision to refrain from taking further fiscal measures on the top of the ones taken in March. As a result, there is a lack of trust among investors, as additional measures were expected.<br></p><p>Nevertheless, due to the new Coronavirus outbreak further measures to counteract the entry into deflation are not entirely ruled out by of the Bank of Japan.</p><p>On another note, this morning, New Zealand has decided to maintain interest rates at 0.25%, which signifies stability in the short term. However, the lack of additional measures could ultimately lead to a loss of consumer confidence.</p><h2>5 Key Markets Takeaway of the day</h2><h3>1️⃣ The German IFO </h3><p>business climate index that measures economic activity in the region shows good recovery. The previous reported level was 79.7, future expectations were projected at 84.0 and the final figure was 86.2, generating short term market optimism. </p><p><br></p><p><img data-resize="auto" src="https://fxmedia.s3.amazonaws.com/articles/IFO_Jul.png" rel="display: block; margin: auto;" alt="IFO july" /></p><p><br></p><h3>2️⃣ Oil Inventories</h3><p>Today at 16:30 ( CET), we will find out if oil inventories will be cut as expected.The current output amounts to 1,215M, yet is expected to be cut to 0.299M. We will see what the impact of yesterday's <a href="https://admiralmarkets.com/analytics/traders-blog/earthquake-mexico" target="_blank">earthquake in </a><a href="https://admiralmarkets.com/analytics/traders-blog/earthquake-mexico">Mexico</a> was and will be watching the evolution of the price and inventories of oil in the short term.</p><h3>3️⃣ U.S vs China</h3><p>Donald Trump stated that the US and China trade agreement will remain intact. This will benefit both countries' manufacturing sectors, which need each other more than either is willing to admit. The currency war is likely to continue as both nations rely heavily on export and a weak currency is a must.</p><h3>4️⃣ Coronavirus outbreaks<br></h3><p>South Korea has already officially confirmed the second outbreak. Markets and countries have not seemed to account for this yet. Expectations are that countries with large consumer markets would again, be impacted most. </p><h3>5️⃣ Commodities as shelter value </h3><p>As we commented yesterday, Gold continues its bullish trend, breaking short term resistance levels. Oil investors, on the other hand, are waiting for today's AIE inventory data.</p><p><br></p><h2>Discover the world's #1 multi-asset platform<br></h2><p>Admiral Markets offers professional traders the ability to trade with a custom, upgraded version of MetaTrader 5, allowing you to experience trading at a significantly higher, more rewarding level. Experience benefits such as the addition of the Market Heat Map, so you can compare various currency pairs to see which ones might be lucrative investments, access real-time trading data, and so much more. 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