Market news – 18 Dec 2019


This post is also available in: فارسی (Persian)


By: Stuart Cowell

Good Morning – GBP continues to decline, USD ticks up – Equities & Gold flat – all in end of year narrow ranges.

USD INdex – continued to recover, helped by declines in GBP – 3rd day higher at 96.80 – 200ma at 97.00
EUR – weakened over night again rejecting 1.1150 – down to S1 at 1.1130
JPY – drifted lower under 109.50 – to 109.40 and S1 (JPY data over night mixed)
GBP – biggest loser again, has now given up all to the Johnson jump from Friday – 4th day lower back to test 1.3100. 200MA 1.3200, S1 1.3050
AUD – under 0.6850 – 200MA & PP 0.6860
Equities – closed up 1 at 3192 – FUTS down at 3188

GOLD – more sideways action 1477 – again – R1 1480 S1 1473
USOil – tested $61.00 yesterday – back to PP at $60.50

Today – German PPI 0% – a tick worse than expected (+0.1%) but 2 ticks better than last time (-0.2%) – more suggestions of a floor fro Germany? Later German Ifo Business Climate, GBP CPI, EUR CPI, CAD CPI and Weekly Oil Inventories – Overnight – NZD Q3 GDP & Trade balance

Biggest Mover overnight (07:00 GMT) GBPJPY (-0.15%)

Risk Warning: Trading-Leveraged Products such as Forex and Derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investment objectives and level of experience, before trading, and if necessary, seek independent advice.


Please enter your comment!
Please enter your name here