Market news – 18 Dec 2019

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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%)


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