Global Market Insights: Daily Overview for December 7, 2023

MARKET WRAP: STOCKS, BONDS, COMMODITIES

An In-Depth Look at Stock, Bond, Commodity, and Forex Markets

• U.S. Stocks Performance:

• Dow Jones: ↓ 70 points (-0.19%) to 36,054

• S&P 500: ↓ 17 points (-0.39%) to 4,549

• Nasdaq 100: ↓ 89 points (-0.56%) to 15,78

• U.S. Treasury Yield: 10-year ↓ 5.7 basis points to 4.108%

• Employment Report: 103,000 private jobs added in November

• Sector Performances:

• Energy: ↓ 1.64%

• Semiconductors: ↓ 1.44%

• Software & Services: ↓ 0.94%

• Individual Stocks:

• Nvidia (NVDA): ↓ 2.28%

• Amazon.com (AMZN): ↓ 1.61%

• Microsoft (MSFT): ↓ 1.00%

• NIO (NIO): ↑ 4.31%

• Philip Morris (PM): ↓ 1.56%

• Altria Group (MO): ↓ 2.84%

• Box Inc (BOX): ↓ 10.19%

• Block Inc (SQ): ↑ 4.79%

• Plug Power (PLUG): ↓ 5.90%

• European Stocks:

• DAX 40: ↑ 0.75%

• CAC 40: ↑ 0.66%

• FTSE 100: ↑ 0.34%

• Commodities:

• U.S. WTI Crude Oil: ↓ $3.16 (-4.37%) to $69.16/barrel

• Gold: ↑ $5 to $2,024/ounce

MARKET WRAP: FOREX

• USD Performance:

• Dollar Index: ↑ to 104.18

• USD/CAD: ↑ 2 pips to 1.3594

• EUR/USD: ↓ 33 pips to 1.0764

• USD/JPY: ↑ 20 pips to 147.35

• GBP/USD: ↓ 37 pips to 1.2558

• AUD/USD: ↓ 3 pips to 0.6549

• USD/CHF: ↔ 0.8749

• Bitcoin: ↓ below $44,000

TECHNICAL ANALYSIS

Dow Jones (CME)‎ (Z3)‎

• Intraday Outlook: Bearish

• Pivot: 36165.00

• Short Position Targets: 36020.00 & 35960.00

• Alternative Scenario: Above 36165.00 with targets at 36290.00 & 36360.00

EUR/USD

• Intraday Outlook: Bearish

• Pivot: 1.0800

• Short Position Targets: 1.0745 & 1.0720

• Alternative Scenario: Above 1.0800 with targets at 1.0825 & 1.0845

GBP/USD

• Intraday Outlook: Bearish

• Pivot: 1.2605

• Short Position Targets: 1.2530 & 1.2500

• Alternative Scenario: Above 1.2605 with targets at 1.2640 & 1.2670

USD/JPY

• Intraday Outlook: Bearish

• Pivot: 147.45

• Short Position Targets: 146.55 & 146.20

• Alternative Scenario: Above 147.45 with targets at 147.90 & 148.30

Note: Due to market volatility, some key levels may have already been reached and scenarios played out.