Dec 21


  • BY: Donal Kelly
  • December, 21st, 2015 18:53 +00:00

Good evening,

US indices lost momentum after the opening but avoided to go in negative territory, and the S&P500 is gaining 10.97 points at 2,016.52 (+0.55%) and DJIA is up 79.44 points at 17,207.99 (+0.46%).  Eurozone consumer confidence data was above the consensus but the DAX lost 110.42 points at 10.497.77 (-1.04%).

In the FX market EurUsd is up 45 pips at 1.0913 (+0.41%) and UsdJpy is unchanged at 121.16. Cable is trading at 1.4886, down 5 pips. Crude Oil is continuing its distribution phase and is losing 36 cents at 35.7$/barrel (-1%).  Positive session for precious metals, with both Silver and Gold gaining nearly 1.5%.  Natural Gas on short squeeze, and the commodity is gaining 8.15%.   Tomorrow the most relevant event in the economic calendar will be the US GDP (Q3) data, with annualized estimates for a +2.1% growth, unchanged from the previous release.