Global Market Analysis for December 13, 2023

DAILY MARKET NEWSLETTER

December 13, 2023

MARKET WRAP: STOCKS, BONDS, COMMODITIES

• U.S. Stocks:

• Dow Jones Industrial Average: Rose 173 points (+0.48%) to 36,577.

• S&P 500: Gained 21 points (+0.46%) to 4,643.

• Nasdaq 100: Jumped 132 points (+0.82%) to 16,354.

• U.S. 10-year Treasury Yield: Dipped to 4.204%.

• Inflation Rate: Eased to 3.1% year-on-year; core inflation steady at 4.0%.

• U.S. Federal Reserve: Expected to hold key interest rate at 5.25%-5.50%.

• Sector Performance:

• Gains: Semiconductors (+1.53%), Commercial & Professional Services (+1.13%), Insurance (+1.00%).

• Losses: Energy (-1.35%), Automobiles & Components (-0.96%), Telecom Services (-0.62%).

• Individual Stocks: Nvidia, Broadcom, AMD, Meta Platforms, Amazon, Microsoft, Apple rose; Alphabet, Lucid Group, Macy's fell.

• European Markets: DAX 40 (-0.02%), CAC 40 (-0.11%), FTSE 100 (-0.03%).

• Commodities:

• Crude Oil (WTI): Fell to $68.80/barrel.

• Gold Price: Softened to $1,979/ounce.

MARKET WRAP: FOREX

• U.S. Dollar Index: Steady at 103.80.

• Currency Pairs:

• EUR/USD: Rose to 1.0795.

• USD/JPY: Fell to 145.49.

• GBP/USD: Increased to 1.2567.

• AUD/USD: Eased to 0.6560.

• USD/CHF: Fell to 0.8754.

• USD/CAD: Increased to 1.359.

• Cryptocurrency: Bitcoin remained in consolidation, failing to break above $42,000.

Trading Strategies

• Dow Jones (CME)‎ (H4): Bullish above 36850.00.

• EUR/USD: Bullish above the pivot of 1.0765.

• GBP/USD: Choppy; bullish above pivot of 1.2540.

• USD/JPY: Bearish below resistance at 145.90.

Note: Market volatility may have already impacted key levels and scenarios.