During the last day of trading the US indices will open higher again. The European market was trading in positive territory. It seems that the Christmas Rally has begun and it may continue by the first two days of next year.
US dollar did fall and its correction might have started, now it may remain in consolidation, as the Euro was the strongest currency during the European session. The JPY continue to be very weak and all pairs with JPY are trading higher, and this may continue as will be supported by the higher prices of the indices. The price of Oil is trading without deviation from its yesterday's closed price around $53,70 per barrel. GOLD did raise to $1160, after the dollar fell.
Economic news today are from US only - Chicago PMI and US Baker Hughes Oil Rig count. If data is better than expected it may support the USD.
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.