Market Commentary-December 14

The Japan Nikkei very closely mirrored an excellent trading session for the Asian-Pacific region with advances of 1.25% for key HK's Hang Seng as well as the Shanghai indices and it with positive 1%. 

Continuing optimism surrounding the U.S.-China tariffs trade discussions is rebuilding confidence, as the helpful headlines commence to appear.

There have been no significant movements in the main Eurozone indices as we devoted the morning looking forward to super Mario Draghi to talk. We have been told at the European Central Bank press meeting that Quantitative Easing is concluding this month.

However, it remains to be a tool which may be used again. This ends the official program; however, it will continue to reinvest the maturing debt proceeds.

On Wall Street following dropping a 200 point gain, the DJI merely meandered in a monotonous phase. Primary indices stayed at in a thin trading range following that; however, the enthusiasm has been seen in other places.

The Russell 2000 shed more than 1.5% following talk of which several strategists had posted many unfavorable notes concerning the year 2019. Small Cap stocks are down more than 6% Year-To-Date which even compares to flat overall performance for both the S&P500 and DJI while the Nasdaq has delivered 2.5%.

Crude oil has had a more rewarding session than recent, moving more than 3.5% on supplies signals which may be shrinking. Late news reports that Adobe Systems did better than street estimates posting $1.90 vs. $1.88 Earnings Per Share estimate, managed to boost the after-hours futures trading.

And now we may possibly see a rally for the weekend break today. Dollar Index Spot (DXY) has returned by flirting with a 97 handle as requirement and demand for year-end of the US Dollars increases.

Currently the Euro Dollar is being pushed down by the stronger US Dollar, with currency falling to $1.13 handle.

Euro Dollar Chart


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