|Day's range||1,243.30 - 1,245.50|
Investing.com – Gold prices remained under pressure on Monday despite weakness in the dollar as data showed money managers slashed their bullish bets on the precious metal to a 17-week low ahead of a widely expected Federal Reserve interest rate hike.
At 4:05 AM EST on December 11, the West Texas Intermediate crude oil futures for January 2018 delivery were trading at $56.95 per barrel—a fall of 0.71%.
Investing.com - Crude oil prices fell on Monday amid concerns that rising U.S. output could undermine efforts by OPEC to support the market by reducing excess supplies.
Bitcoin futures trading has begun at the CBOE and so far, the impact has not been much on the rest of the BTC market
On Wednesday, the U.S. Federal Reserve is expected to raise its benchmark interest rate 0.25% to 1.50%. This has been priced into the market for at least a month. Stocks could surge if the FOMC members express concerns over the number of rate hikes in 2018.
Investing.com – Crude oil prices settled higher on Friday as stronger Chinese crude demand and fears over possible supply disruptions offset signs of rising US output.
Investing.com - Crude oil prices rose for a second consecutive session on Friday, as an increase in demand from China offset mounting concerns over rising U.S. oil production.
January West Texas Intermediate crude oil futures are trading higher shortly before the regular session opening. The market is being driven higher by rising Chinese crude demand and threats of a strike in Africa’s largest oil exporter.
Based on the current price at $1248.30, the first downside target is the long-term uptrending Gann angle at $1241.50. We could see a technical bounce on the first test of this angle, but if it fails then look for a steep sell-off into main bottoms at $1225.10 and $1214.50.
November 2017 was the 17th consecutive positive month for the S&P 500 (SPY) (SPX), which marks the longest streak in its monthly history.
The German index initially gapped higher at the open on Thursday, rallied a bit, and then pulled back to the €13,000 level. However, we have bounced from there to make a fresh, new high.
Bitcoin prices zoomed higher for the thirs successive day as it made its fastest $1000 move in its history. It should indeed be a very frustrating experience for those who have not yet got in on the bandwagon and hence are forced to watch all this action from the sidelines. It would be extremely tempting to buy some bitcoins but the way the prices have moved higher over the last few days increases the questions and doubts in the minds of people and that is why many are still unable to get in on the ride. ...
It is almost a unanimous expectation that the Federal Reserve would raise rates by 25 basis points in December 2017.
It has been a decently good day in the stock markets so far with both the European and the Asian stock markets moving higher cautiously. After the slightly bearish day yesterday, we have a slightly bullish day today and this is likely to be the price action in the markets in the short term as we head into a period of low volatility and liquidity as well.
The daily swing chart is also indicating the EUR/USD has plenty of room to the downside with the next major target coming in at 1.1712, followed by 1.1702.
Gold prices dipped lower on Wednesday to hit six-week low and continue to trade lower on Thursday morning as the dollar continued its strength. Gold is trading at $1259.50, down -0.48% as of 9:30 GMT.
Currently, the cryptocurrency market has not taken its final shape yet. The regulation coming from local government authorities is quite basic, while many still doubt whether blockchain, as it is now, can be applied on a large business scale.