{"id":2397,"date":"2020-12-01T15:43:00","date_gmt":"2023-03-31T20:19:11","guid":{"rendered":""},"modified":"2023-12-20T08:18:02","modified_gmt":"2023-12-20T08:18:02","slug":"daily-market-outlook-december-starts-in-the-green","status":"publish","type":"post","link":"https:\/\/blog.zulutrade.com\/ar\/daily-market-outlook-december-starts-in-the-green\/","title":{"rendered":"Daily Market Outlook – December starts in the green!"},"content":{"rendered":"

December has kicked off in gains across the majority of equity markets, with yesterday seeing traders taking profit and materializing the amazing rally in November. Speaking of gains, Cryptos are experiencing a similar momentum as Bitcoin surged by 7% yesterday, reaching yet again, an all-time high. This comes as news major financial institutions have begun investing in the crypto market.<\/span><\/p>\n

CopyTrade with ZuluTrade<\/span><\/a><\/p>\n

In major US news, Robert Kaplan, Dallas FED’s president, <\/span>predicts<\/span><\/a> a “very difficult” upcoming three to six months with coronavirus cases continuing to rise,  and despite a predicted economic bounce-back following the success in vaccine trials.  Joe Biden, US President-elect, <\/span>announced <\/span><\/a>Janet Yellen as his nominee for treasury secretary – and once this nomination is accepted, will make Yellen the first female to hold this coveted position in the United States. <\/span><\/p>\n

CopyTrade with ZuluTrade<\/span><\/a><\/p>\n

In major EU-UK news, Bruno Le Maire, French Finance Minister, <\/span>announced<\/span><\/a> today that if the US continues to insist on applying sanctions over the French tax on digital service, he will turn to the EU Committee for retaliation. <\/span><\/p>\n

Reviewing major economic news, EU deflation decreased by 0.3%, UK Manufacturing PMI increased to 55.6 while Germany Manufacturing PMI dropped to 57.8 in November respectively. <\/span><\/p>\n

In corporate news, Facebook is about to sign the dotted line on its proposed $1bn <\/span>acquisition <\/span><\/a>of Kustomer, a start-up specializing in customer service platforms and chatbots, whilst concurrently planning to <\/span>launch<\/span><\/a> a news tab in the UK in January 2021.<\/span><\/p>\n

Reviewing the technicals, SPX500 held above the 5EMA yesterday while today, the index surges higher near to 3660 level. RSI is heading to the overbought area but still has room to move. UK100 is reversing decisively to the upside after testing the 20EMA. <\/span><\/p>\n

SP500 daily
\"\"
<\/span><\/p>\n

NAS100 daily
\"\"
<\/span><\/p>\n

UK100 daily
\"\"
<\/span><\/p>\n

Gold respected nicely the 50% Fibonacci retracement level mentioned yesterday. The commodity is forming a bullish daily candlestick while RSI returns from the oversold level.  <\/span><\/p>\n

XAUUSD daily
\"\"
<\/span><\/p>\n

Heading to the USoil, it’s still consolidating around the 45.8 area as there is not driving news from the OPEC+. However the current formation can be considered as bullish but if the price goes below the rising trendline, it will negate the potential positive scenario.<\/span><\/p>\n

USoil 240min
\"\"
<\/span><\/p>\n

Disclaimer<\/strong><\/p>\n

The views expressed do not constitute investment or any other advice \/recommendation \/suggestion and are subject to change. Reliance upon information in this material is at the sole discretion of the reader. Opinions expressed in the report do not represent the opinion of<\/span> ZuluTrade Social Trading Platform<\/span><\/a> and do not constitute an offer or invitation to anyone to invest or trade.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

December has kicked off in gains across the majority of equity markets, with yesterday seeing traders taking profit and materializing the amazing rally in November. Speaking of gains, Cryptos are experiencing a similar momentum as Bitcoin surged by 7% yesterday, reaching yet again, an all-time high. This comes as news major financial institutions have begun […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2397","post","type-post","status-publish","format-standard","hentry","category-market-view"],"metadata":{"rank_math_internal_links_processed":["1"],"_edit_last":["4"],"rank_math_og_content_image":["a:2:{s:5:\"check\";s:32:\"80a78ff6ec39dbe55aa74368ce3e63c9\";s:6:\"images\";a:5:{i:0;s:57:\"\/image.axd?picture=\/2020\/01122020\/SPX500Daily 1122020.png\";i:1;s:57:\"\/image.axd?picture=\/2020\/01122020\/NAS100Daily 1122020.png\";i:2;s:56:\"\/image.axd?picture=\/2020\/01122020\/UK100Daily 1122020.png\";i:3;s:57:\"\/image.axd?picture=\/2020\/01122020\/XAUUSDDaily 1122020.png\";i:4;s:57:\"\/image.axd?picture=\/2020\/01122020\/USOilSpotH4 1122020.png\";}}"],"_edit_lock":["1716971048:4"],"rank_math_analytic_object_id":["143"]},"pll_post_group":null,"_links":{"self":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts\/2397","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/comments?post=2397"}],"version-history":[{"count":1,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts\/2397\/revisions"}],"predecessor-version":[{"id":3826,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts\/2397\/revisions\/3826"}],"wp:attachment":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/media?parent=2397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/categories?post=2397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/tags?post=2397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}