Will good statistics from America launch a New Year’s rally?

By 09/12/2019News
Morning Stock News

Gold   1461,32
(+0,08%)

EURUSD   1,1062
(+0,03%)

DJIA   27989,50
(-0,10%)

OIL.WTI  58,93
(-0,19%)

DAX   13174,82
(+ 0,01%)

The first trading week of December was positive for the US dollar and the stock market. Good reporting has encouraged investors to buy. Ahead of a difficult month, in the current of which will be decided the fate of the UK, as well as we will see the result of trade negotiations between the U.S. and China.

Chart of the Day S&P500

2019-12-08_20-53-03

The oil market grew after the OPEC meeting. Not all countries comply with the OPEC agreement, the same Iraq, which promised to reduce production this year by 140,000 barrels per day, exactly as much increased it.

EUR/USD

The US dollar ended the week with very good performance. Optimistic data on the U.S. economy did not give a chance for the euro. On Friday, the euro/dollar fell to 1.1059.

GOLD

Gold continues to follow the euro, and again will test the level of $1450. The precious metal is still consolidating between the levels of $1434-1354 and cannot gain a foothold higher. Only specific information on the negotiations between the U.S. and China will point the way to investors.

INDICES

Friday for the world stock indices was very positive. Perhaps, the traditional Christmas rally is already beginning. After the economic data from the U.S., investors felt the strength and once again drove the indices to historical highs.

What’s in store for us today?

08.00 German trade balance


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