13:46:06 GMT
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DAILY MARKET REVIEW — 22/12/2016

US economic statistics will move the markets the most

 

Forex

EUR/USD

EURUSD dec 22

Yesterday the pair continued to grow as trading as lower trading volumes decreased. Additionally, Eurozone Consumer Confidence came out better than expected. However, US Existing Home Sales impressed and stopped the dollar from further falling.

Today, US Durable Goods Orders and US GDP data, both scheduled for 13:30 GMT will impact the pair. Later on at 15:00 GMT will feature the US personal income and spending report.

Resistance: 1.04852, 1.05270, 1.05885
Support: 1.04093, 1.03658, 1.03182

AUD/USD

AUDUSD dec 22

The Australian currency continued to fall against the US dollar as the commodity markets continued to drop. Additionally, interest rates are pushing the pair down. Today, traders should pay attention to all of the US economic statistics.

Resistance: 0.72664, 0.73123, 0.73403
Support: 0.72115, 0.71857, 0.71612

 

Stocks

S&P 500 Futures

SP500 dec 22

Major US stock indices decreased during yesterday’s session thanks to profit taking after rallying significantly over the past six weeks. Oil additionally put some pressure on the index. However, US existing home sales helped some stocks.

Today investors should focus on all of the US economic statistics.

Resistance: 2260.46, 2263.42, 2266.22
Support: 2254.19, 2251.93, 2249.42

 

Commodities

GOLD

Gold dec 22

Gold strengthened slightly yesterday as the US dollar depreciated against other major currencies. However, better than expected US economic growth capped its growth.

Today’s trading dynamics will depend entirely on US economic statistics.

Resistance: 1136.24, 1139.74, 1144.53
Support: 1125.82, 1122.81, 1118.64