Market News – 30 Dec 2019


This post is also available in: فارسی (Persian)


By: Stuart Cowell

Good Morning – Great to be back – So what caused the GOLD spike – on low
Santa Rally for Stocks ran to form, – the best performing stock in the S&P (AMD) is up over 150% for 2019. The Top 15 performers are up an average of 96.6% including Apple (+86% & Target +102%)

USD – continues to give back into year-end with NK saber-rattling again about “positive and offensive measures”. Oil up on inventories build and US Airstrikes overnight in Syria & Iraq. China talks up retail sales and growth from 2020 (lifts AUD & NZD)
Euro – tests 1.1200 – R1 1.1208 – PP 1.1150
JPY – moves down to test – S3 109.12
GBP – breaks holds over 1.3100 – PP 1.3050 – R1 – 1.3144
AUD – tests R1 0.6996 – fails to test 0.7000

Equities – closed up again Friday at 3240 – FUTs hold 3240 – Asian equities down on NK news.

GOLD – tests R1 at 1515 (also the Nov & Oct closing highs)
Oil – holds over PP at 61.60 – trades at 61.70 – R1 $62.00

Today – US data includes – Wholesale inventories, Goods Trade Balance, Pending Home Sales and most significant the Chicago PMIs

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