In the currency market
Euro: EurUSD gained for the second day in a row, closing at 1.2153, up 0.08%. On the technical front, the initial resistance to the exchange rate upward is at 1.2173, further resistance is at 1.2195, and the key resistance is at 1.2221. The initial support is at 1.2125, further support is at 1.2099, and more critical support is at 1.2077.
Sterling: Rose for the second day in a row to end 1.3461, up 1.09 percent. On the technical front, the initial resistance to the exchange rate upward is at 1.3520, further resistance is at 1.3588, and the key resistance is at 1.3709. Initial support for the lower exchange rate is at 1.3331, further support at 1.3211, and more critical support at 1.3142.
Yen: Dollar/yen fell for the third day in a row, closing down 0.37% at 103.63 yen. Technically, the initial resistance to the exchange rate upward is at 104.01, further resistance is at 104.35, and the key resistance is at 104.55. Initial support for the lower exchange rate is at 103.46, further support is at 103.26, and more critical support is at 102.92.
The stock market
U.S. stocks on Tuesday (December 15th), the U.S. house speaker Nancy pelosi reportedly invited democratic republican party leaders, discussion on a new round of bailout bill later, solution or implementation within this week, and hopes a new crown vaccine will help ease the outbreak, promote economic recovery, the major indexes and then expand the rally, the dow Jones industrial average rose more than 300 points, the middle apple led the market up. The Dow Closed up 338.40 points, or 1.13%, at 30199.90. The S&P 500 ended up 47.10 points, or 1.29%, at 3,694.63. The Nasdaq Composite index closed up 155.00, or 1.25%, at 12,595.06.
Madrid (Marketwatch) – European stocks closed higher Tuesday, with the FTSE 100 extending losses, as optimism over a novel Coronavirus vaccine outweighed fears of a renewed blockade across the continent. The Pan-European Stoxx 600 index closed up 0.99 points, or 0.25%, at 392.84. Automotive sector led the rise, up 3%; Germany’s DAX30 index closed up 139.71 points, or 1.06%, at 13,362.87. Britain’s FTSE 100 index closed down 18.51 points, or 0.28%, at 6,513.32. The Cac-40 index in France closed up 2.47 points, or 0.05%, at 5,530.31. The Euro Stoxx 50 index closed up 17.19 points, or 0.49%, at 3,521.15. Spain’s IBEX35 index closed up 10.20 points, or 0.13%, at 8,151.00. Italy’s FTSE MIB index closed up 175.32 points, or 0.81 per cent, at 21,935.05.
Spot gold closed at $1,853.49 an ounce, up $26.29, or 1.44 percent, after touching as high as $1,855.32 an ounce and as low as $1,825.71.
Gold futures for February delivery on the COMEX rose 1.3 percent to $1,855.30 an ounce, off recent lows of about two weeks.
Crude oil futures extended gains on Tuesday as vaccination campaigns and rising tensions in the Middle East boosted the oil market in spite of intensified blockades in the Americas and Europe and expectations of a slower recovery in oil demand next year. U.S. WTI crude for January delivery closed up 63 cents, or 1.34 percent, at $47.62 a barrel at press time. Brent crude for February delivery closed up 47 cents, or 0.93 percent, at $50.76 a barrel. U.S. Oil closed up 42 cents, or 0.90 percent, at $46.99 a barrel. Cloth oil closed up 32 cents, or 0.64 percent, at $50.29 a barrel.