Yesterday the US dollar decreased against most of the main currencies. USD in under the pressure due to the news that China can decrease the volume of purchasing of the US treasury bonds, but later the State Administration of Foreign Exchange of China denied the information. The dollar is now restoring but is still trading in the red zone.

After the rapid peak to the level of 1.2017, the EUR/USD was corrected to the level of 1.1947 (+0.11%).

The GBP/USD pair is trading in different directions due to the poor UK Trade Balance data and Chinese news. The price has weakened to the level of 1.3499 (–0.29%) now.

The USD/JPY pair is restoring after the fall and has returned to the level of 111.80, however, is still trading in the red zone (–0.73%).

The AUD/USD pair grew by 0.79% to the level of 0.7884, supported by today’s positive Australian Retail Sales statistics, which grew by 1.2% in November from 0.5% in the previous month.

Metal prices are in the correction after yesterday’s rapid growth, but they have not lost all the gained positions. Gold decreased to the level of 1317.67, silver – to the level of 16.97.

Oil prices are moving within narrow trading ranges and changed insignificantly. Brent is trading around of the level 68.75. WTI is trading around the level of 63.28. According to EIA Crude Oil Stocks change release, the resources went down by 4.9 million barrel in a week, and oil production decreased by 290K barrel to 9.492 million barrel per day, but it has not affected the oil prices significantly.

US and European stock markets are trading mixed. Dow Jones grew by 0.10% to the level of 25400.6. NQ is trading around the level of 6666.7 and it changed insignificantly. S&P grew to the level of 2751.2 (+0.12%). The UK FTSE is trading around 7746.5 (+0.31%). The French CAC went down to the area of the level of 5501.4 (–0.38%). The German DAX decreased by 0.59% to 13291.4 (–0.59%).

 

 

Morning Market Review

The material published on this page is produced by the Claws&Horns Company and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC; furthermore it has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research.

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