In the currency market
Euro: Rose for the second day in a row, closing 0.32% higher at 1.2251. Technically, the initial resistance to the exchange rate upward is at 1.2279, further resistance is at 1.2311, and key resistance is at 1.2348. The initial support is at 1.2210, further support is at 1.2174, and more critical support is at 1.2142.
Sterling: GBP/USD turned higher, up 0.39% at 1.3502. On the technical front, the initial resistance to the upward movement of the exchange rate is at 1.3534, further resistance is at 1.3570, and key resistance is at 1.3618. The initial support is at 1.3450, further support is at 1.3403, and more critical support is at 1.3366.
Yen: The dollar fell against the yen for the first time in three days, ending down 0.24% at 103.52. Technically, the initial resistance to the exchange rate upward is at 103.77, further resistance is at 103.98, and key resistance is at 104.13. Initial support for the lower exchange rate is at 103.40, further support is at 103.24, and more critical support is at 103.03.
The stock market
The THREE major U.S. stock indexes breached their peaks early On Tuesday after the House of Representatives approved an increase to $2,000 per person. But Democrats’ efforts to pass the plan in the Senate suffered a setback, with Republican Senate Majority Leader Mitch McConnell already blocking it, sending Wall Street down repeatedly from high levels and sending the Dow down more than 100 points in mid-session. The Dow Jones industrial Average closed down 68.30 points, or 0.22%, at 30335.67, after rising more than 100 points. The S&P 500 closed down 8.30 points, or 0.22%, at 3,727.04. The NASDAQ composite index closed down 49.20 points, or 0.38%, at 12,850.22. Tuesday’s losses ended three days of gains for the Dow and the S&P 500.
On Tuesday (Dec. 29), the government formally approved the eu and the UK after take off the trade deal, for the agreement comes into effect on January 1, paved the way, the agreement will avoid confusion and no agreement to take off the combined with drug maker astrazeneca and Oxford University cooperative research and development will be coronavirus vaccine is expected to be allowed to use in the UK this week news boosted market, European stocks generally higher. The Pan-European Stoxx 600 index closed up 3.03 points, or 0.76%, at 401.61. Germany’s DAX30 index closed down 28.91 points, or 0.21%, at 13,761.38. Britain’s FTSE 100 index closed up 100.54 points, or 1.55%, at 6,602.65. France’s CAC-40 index closed 23.41 points higher, or 0.42%, at 5,611.79. In Europe, the Stoxx 50 index closed up 5.24 points, or 0.15%, at 3,580.65. Spain’s IBEX35 index closed up 14.40 points, or 0.18%, at 8170.00; Italy’s FTSE MIB index closed down 29.17 points, or 0.13%, at 22,259.35.
Spot gold closed at $1,878.04 an ounce, up $4.50, or 0.24 percent, after touching an intraday low of $1,871.35 an ounce and an intraday high of $1,886.35.
COMEX gold for February delivery ended up 0.13 percent at $1,882.90 an ounce.
Two major crude oil futures closed slightly higher on Tuesday as the Saudi cabinet reviewed the results of a meeting of the Saudi-Russian government council, underscoring the commitment to cooperation agreements between oil producers and supporting the Opec + statement to maintain stability in world oil markets. U.S. WTI crude for February delivery closed up 38 cents, or 0.80 percent, at $48.00 a barrel after hitting an intraday high of $48.35. Brent crude for March delivery ended up 23 cents, or 0.45 percent, at $51.09 a barrel. Earlier, IT closed down 61 cents, or 1.26 percent, at $47.62 a barrel. Cloth oil closed down 43 cents, or 0.84 percent, at $50.86 a barrel.