- European indices finished today's session mostly lower, with DAX closing down 0.45% at around 435 points, dragged by materials and real estate stocks, as investors remain cautious ahead of tomorrow’s US CPI data and upcoming FED and ECB decisions.
-
Upbeat sentiment prevails on Wall Street, where Dow Jones rose nearly 1.0%, while S&P500 and Nasdaq jumped 0.70% and 0.45% respectively as the New York Fed report for November showed that respondents see one-year inflation running at a 5.2% pace, the lowest since August of 2021.
-
The yield on the US 10-year Treasury note is moving towards 3.6%, extending its rebound from the three-month low of 3.4% touched on December 7th ahead of key inflation data. Consumer prices are expected to have slowed for the fifth straight month in November, consistent with fresh inflation expectations figures, however concerns of unsustainable price growth remain as producer prices surprised on the upside.
-
Oil prices bounced off recent lows as China has signaled a softening stance in the fight against the coronavirus, raising hopes for a swiffer rebound in economic activity, which should boost demand. At the same time, the Keystone Pipeline remained shut.
-
NATGAS launched a new week with a massive bullish price gap, amid forecasts for much colder weather and higher heating demand than previously expected. However bullish momentum eased later in the session as buyers failed to break above key resistance at $7.00.
-
Precious metals pulled back on Monday amid a stronger dollar. Gold retreated to $1780 level, while silver is moving towards major support at $23.00.
-
The dollar index cut early losses and jumped above 105 on Monday following fresh inflation expectations data. Currently GBP and USD are the best performing currencies while AUD and JPY lag the most.
-
Downbeat sentiment prevails on the crypto currency market following Binance’s “proof of reserve” report, which was not received well by investors. Bitcoin fell below $17000, Ethereum oscillated around $1250, while Binancecoin fell 4.0%.
USDJPY pair jumped above key resistance at 137.50 which is marked with 200 SMA (red line) and previous price reactions. The nearest support and resistance levels are determined by Fibonacci retracements of the upward wave launched in January 2021. Source: xStation5
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.
