Dec 08


  • BY:
  • December, 08th, 2015 22:13 +00:00

Good evening,

Crude Oil today is gaining 32 cents after yesterday negative session. The commodity is trading at 37.97 $/barrel (+0.82%), and negative market sentiment did not change thus Crude Oil can test 30$/barrel in the medium term.

US indices closed in negative territory with Nasdaq Composite that outperformed the S&P500. The former closed at 5,098.24 (+0.07%) and the latter at 2,063.59 (+0.65%). In the currency market EurUsd is trading at 1.0849 and GbpUsd is at 1.5.  Gold is losing 10 cents at 1,074.1 (-0.1%).

The weakness on the US dollar seen the last week did not continue today and yesterday but without a retracement the probability of another bullish wave on EurUsd and GbpUsd is quite relevant.

During the Asian session will be released the Chinese CPI at 01:30 GMT and the European session will kick off with the Swiss Unemployment Rate at 06:45 GMT.