13:46:06 GMT
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DAILY MARKET REVIEW — 21/12/2016

US assets will move the markets today.

 

Forex

NZD/USD

NZDUSD dec 21

To start the day the pair declined as the US dollar strengthened. However, the NZD was able to regain some of its lost positions partially due to profit taking along with a decrease in trading volumes before the Christmas holidays. However, New Zealand trade data for November provided some support for the currency.

Today, U.S. Existing Home Sales, scheduled for 15:00 GMT and New Zealand GDP data at 21:45 GMT will impact the pair.

Resistance: 0.69500, 0.69894, 0.70410
Support: 0.68874, 0.68526, 0.68210

GBP/USD

GBPUSD dec 21

The British pound is still under pressure thanks to the Brexit. Scotland may have their own referendum. Obviously is bad for the pound and British assets as a whole. However, a better than expected UK CBI provided some support for the pound.

Traders are waiting for tomorrow’s US economic statistics.

Resistance: 1.24061, 1.24522, 1.25004
Support: 1.23481, 1.23125, 1.22745

 

Stocks

Apple Inc (AAPL)

Apple dec 21

Apple is in talks with India’s government about developing products locally. Local manufacturing would potentially enable Apple to open stores in India.

Share prices increased by approximately 0.27% during yesterday’s session.

Resistance: 117.26, 118.54, 119.73
Support: 115.63, 114.57, 113.77

 

Commodities

Brent Oil Futures

BrentOil dec 21

Oil increased by about 1% yesterday, reaching weekly highs. The API published its report on US oil reserves yesterday. Stocks decreased by 4.1 million barrels, as opposed to only 2.5 million barrels.

Today, the US Department of Energy will publish its report at 15:30 GMT.

Resistance: 55.82, 56.43, 57.00
Support: 55.00, 54.35, 53.80