In the currency market
Euro: EurUSD turned higher, closing up 1.20% at 1.2068. Technically, the initial resistance to the exchange rate upward is at 1.2122, further resistance is at 1.2175, and key resistance is at 1.2274. The initial support is at 1.1969, the further support is at 1.1870, and the more critical support is at 1.1817.
Sterling: Gained for the second day in a row to close at $1.3421, up 0.79%. Technically, the initial resistance is at 1.3461, further resistance is at 1.3512, and key resistance is at 1.3584. Initial support for the lower exchange rate is at 1.3339, further support at 1.3267, and more critical support at 1.3216.
Yen: USDJPY was flat at 104.31. Technically, the initial resistance to the exchange rate upward is at 104.52, further resistance is at 104.73, and the key resistance is at 104.92. Initial support for the lower exchange rate is at 104.13, further support is at 103.96, and more critical support is at 103.73.
The stock market
New York (Ap) — A spate of good news about the COVID-19 vaccine spurred investors to push stocks above 30,000 on Tuesday, while the S&P 500 and nasdaq hit new highs. At the close, the Dow Jones Industrial Average was up 185.30 points, or 0.63%, at 29823.92. The S&P 500 ended up 40.80 points, or 1.13%, at 3,662.45. The Nasdaq Composite Index closed up 156.40 points, or 1.28%, at 12355.11.
London (Marketwatch) – European stocks closed higher on Tuesday, following global indexes, after a strong start to the final month of the year. European stocks hit a new high in November. The Pan-European Stoxx 600 index closed up 2.54 points, or 0.65%, at 391.90. Basic resources stocks led the way, rising 3.6%, while health-care stocks edged down 0.2%. Germany’s DAX30 index closed up 91.14 points, or 0.69%, at 13,382.30. The FTSE 100 index closed up 118.54 points, or 1.89%, at 6,384.73. The Cac-40 index in France closed up 63.09 points, or 1.14%, at 5,581.64. The Euro Stoxx 50 index closed up 33.91 points, or 0.97%, at 3,526.45. Spain’s IBEX35 index closed up 61.10 points, or 0.76%, at 8,138.00. Italy’s FTSE MIB index closed up 38.94 points, or 0.18%, at 22099.92. On Tuesday, U.S. stocks also rose intraday, with major indexes Posting strong monthly gains in November.
Spot gold was last at $1,814.72 an ounce, up $38.22, or 2.15 percent, after hitting an intraday high of $1,817.35 an ounce, its lowest level since May 2 at $1,775.35.
Gold futures for February delivery on the COMEX rose 2.1 percent to $1,818.90 an ounce, off a five-month low.
Oil futures extended losses on Tuesday as major producers postponed 2021 industrial policy talks, internal challenges within Opec + intensified and investor concerns about increased supply resurfaced. U.S. WTI crude for January delivery ended down 79 cents, or 1.74 percent, at $44.55 a barrel at press time. Brent crude for February delivery ended down 17 cents, or 0.36 percent, at $47.42 a barrel. In November, U.S. oil finished up 25.60 percent and U.S. oil finished up 25.40 percent.