FXPrimus has summarized the important market indicators of the day.

Today’s Important Indicators

A relatively quiet session for most majors compared to last week’s momentum and market fluctuations.

Both EURO and POUND closed the session positive while DOLLAR remained under pressure on uncertainty around the US Tax Bill legislation.

Today, investors can turn to fundamental developments surrounding the Tax Bill voting and on the economic front, turn to the US Building Permits release.

Today’s Forecast for Important Trading Indicators

Market Movers

• GBPUSD – STERLING pierces $1.34 following Manufacturers Survey, subdues to $1.338 daily close. Cable saw gains following a three-point increase of the CBI Industrial Order Expectations release as the order books surged to 30Yrs high. Furthermore, POUND started the week on a good footing as Brexit negotiations go forward on a positive note; plans for transition period to follow up.

• EURUSD – EURO gains amid euro-wide improvement in annual inflation figures. EURO rose versus DOLLAR following a good CPI read despite the rate concluded as anticipated as the most recent inflation figures were beaten. Euro-Dollar pierced the $1.18 level but closed the session near $1.178. Investors shift focus to the German Ifo, due at 09:00 GMT.
• USDJPY – DOLLAR under pressure on uncertainty around post-growth Tax cut effect. Dollar closed somewhat unchanged on Monday yet with a bearish tone as US investors remain cautious about the post-growth effects of the US Tax Bill. Without a final date on the voting and with the government spending budget deadline by Decemebr 22, fears are likely to increase. Marekt participants may find opportunites though, around the release of the US Building Parmits at 13:30 GMT.
• USOIL – OIL rises on Pengassan “mass sacking” strike, weakens by day’s end on governments intervention. OIL closed Monday’s session mixed following a strike of members of the Nigerian Oil Union after Neconde fired many of its employees. With supply shortages expected at the time, investors balanced their OIL holding by selling and securing earlier profits until the situation came to a resolution; January meeting scheduled.
• XAUUSD – GOLD tilts to a 10-Day high, $9 higher versus last Friday, as risk-on appetite recedes. Spot GOLD closed near $1262/oz yesterday following a session of US uncertainty owed to the US Tax Reform Bill. With the tax Bill getting through Congress in a matter of days, GOLD is likely to come under pressure and move towards the bottom of the ascending channel.

• US Indexes – DJ rose by 0.57%, S&P 500 by +0.54%
• European Indexes – UK 100 tilted 0.10% higher, DE 30 remained unchanged.
• Asian Indexes – ASX 200 upsurged 0.54%, Nikkei fell by 0.15%, Hang Seng trades 0.68% higher.
• US Equities – Twitter upsurged a massive 11%, Tesla fell by 1.33%