August Week 1 Market

30-year US treasury bond started at 3.30 this week and ended with 3.23 points while S&P 500 started at 1,926.26 and ended with 1,931.59. It closed at 1,909.78 on 7th but it rebound 1.15% increment on the 8th.

Trade volume at the last day of S&P 500 was the second-largest in three months. Without outstanding economic data, it indicates that people bought more stocks as economic rebound expectation raised. S&P 500 had dropped 3.9% from July 24 to August 7. As Ukraine crisis shows progress, expectation of rebound rose as well.

U.S. 30-year treasury keeps declining yield. As E.U. economy slows down and geopolitical risks hit the market, people tend to have safe asset.

USD appreciated against both Euro and KRW. USD tends to appreciate as geopolitical risk rises. Euro has been depreciated against USD as geopolitical risks rise and economic data (PMI, consumer spending, factory order, etc.) indicate slowdown in expansion. Italy even suffers from recession, which Draghi claimed it's a temporary.

KRW depreciated as geopolitical risk rises as well. Unlike Euro, its main cause came from Iraq.

Oil price increased when U.S. decided to airstrike Iraq. But easing Ukraine crisis and good U.S. economic data continuously declined the price.

Gold price also rose as people preferred safe asset, indicated by increase in volume; almost 7 peaks in three months. It is expected to decline as geopolitical risks ease and economic data shows progress next week.