Daily Alert: Tuesday 13th December 2016

Mark NugentDaily Alert, Dec 2016

Forex Analysis for Tuesday 13th December 2016
Economic Calendar

Monday – no significant news.

Market Reaction

The USD continues to consolidate while US equities make new all-time highs. The UK indices and the Euro50 all moved up slightly with only the Japan225 moving down. Oil was flat on the day after the gap up caused by the news over the weekend of the non-OPEC nations production cap. On the currency markets the JPY weakens further, the GBP had its third consecutive up day and the CAD tries to rise but gets pushed back for a small drop on the day.


OPEC/Russia deal could drain almost half the global oil surplus



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