Who is Ho “Ho-ing” the Market? A Day To Christmas

By Xtrade Academy - on December 24, 2018

Who is Ho “Ho-ing” the Market? A day to Christmas and the US government is closed. President Trump demands $ 5 billion to build the wall between Mexico and the US border. The Democrats claim it’s an exuberant sum and seek to negotiate somewhere between $1.6 – 5 billion. Meanwhile, US stocks plummet while a group of major currencies stands resilient against the USD.  Namely, the EUR, GBP, CHF, AUD, and the JPY all extended gains despite the DXY ranging in the upside of 96. between 96.60 – 96.94.
The USD was bolstered by last week’s rate hike, however, since market participants had already priced in the actions, up-flight was not sustained, especially with dovish forward guidance from the Fed on future rate hikes.
Global Markets:
Global stocks are not feeling the holiday vibes. Asian stocks felt the strain brought on by the US-China Trade stand-off.
US 30: With the US government executive shut down and over 380,000 on “furlough” and another 400,000 facing layoffs the DJIA, US30 is in a downward spiral. Sliding 4,000 pips to trade between 22,291.0 – 22,572.0 perhaps attempting to regain some grounds today.
Germany 30: Following earlier efforts to stay afloat in a closed market the asset is seen contracting between 10,487.0 – 10,649.5.
Italy 40: The Italian bourse is also closed for Christmas Eve celebrations and untradeable on most platforms however spotted trending down 2.50% at the time of print 09:09 GMT. Between 18,415.00 – 18,100.00 and perhaps lower. With expected gaps when the market resumes fully next year.
UK100: The uncertainties in the US amid Brexit is not doing the UK stocks any justice. Trading from 6,689.48 down to 6,659.50.
Oil: News of OPEC + agreeing to cut Oil by 1.2 million barrels daily encouraged investor sentiments momentarily, however it did not hold water as factoring into the equation the diminish demand prospects while the US continues to amass shale Oil sent prices down from 46.22 down to 45.76 at the time of print. A further downside to 45.20 may be visible by US open before any corrections sink in. Effectively plunging Oil into a bear market. As sanction on Irian Oil which would have added to supply limitations in not as restrictive as market participants had forecasted.
Gold: In General Gold prices have climbed nearly 5% in the past week as trades wade through the perilous market conditions other are simply hedging or straight out, investing in GOLD. Ranging from 1,260.50 – 1,268.55 and likely to hit the 1,270 as most markets close for the Christmas holidays.
EUR/USD: The pair was spotted trading up at 1.1393 by 08:05 GMT from lows of 1.1360 to highs of 1.1399 possibly breaching the 1.14 levels to 1.1420
GBP/USD: Is knee jerking up occasionally trading sideways in 30minutes intervals. However, trading from lows of 1.2641 up 0.10% at 1.2658 and aiming for 1.2685. As the USD takes a breather.
USD/JPY: The pair is acting like a boogie trap sliding down from 111.18 towards 110.90 volatile between 110.98 -111.08.
Although the Crypto arena’s volatility is far from slowing and in relation to Friday’s post, Market participants are taking turns playing touch with various tokens. Most of the major coins are up on average of 4.6%
BTC/USD Trades up 2.58% at 4,243.7 from lows of 4,033 and trying to get back to 4,384.0.
ETH/USD: rallied 7.50% trading from 128.50 to 147.35 and aiming to shoot back up to 157.45
For further details, please visit Xtrade.com. You may also leave your comments below.
Related Links:

Write a comment

Your email address will not be published. Required fields are marked *

Waw! Its really great and wonderful ever i found. Thank you for sharing this info.

by Yeezy Shoes at 2019-03-26 01:37:30

Xtrade,Quality blog, keep up the good work. You may check our website also!

by Cheap Jerseys at 2019-03-27 20:02:53

Very informative useful, infect very precise and to the point. I’m a student a Business Education and surfing things on Google and found your website and found it very informative.

by Jordan at 2019-03-30 06:43:21

Xtrade,Thanks for this marvelous posting! I actually enjoyed reading it, you will be a great author.I will always bookmark your blog and will, come back from now on. I want to encourage that you continue your great writing, have a nice day!

by Jordan at 2019-03-30 16:16:45

Hi there, just wanted to say, I liked this article. It was helpful. Keep on posting!

by Air Jordan at 2019-04-05 23:19:29

PandoraWhether it's blockchain technology or any other new revolutionary technology, the first thing you need to master to master these technologies is the basic concepts they contain. If you don't even understand the basic terms, what about further use....

by Pandora at 2019-04-25 21:05:11

This website truly has all of the information and facts I wanted about this subject and didn't know who to ask.

by NFL Jerseys at 2019-07-01 05:00:33