{"id":1373,"date":"2018-12-13T10:22:32","date_gmt":"2018-12-13T09:22:32","guid":{"rendered":"https:\/\/inscx.com\/trading\/?p=1373"},"modified":"2018-12-13T10:22:32","modified_gmt":"2018-12-13T09:22:32","slug":"general-market-comment-12-12-18","status":"publish","type":"post","link":"https:\/\/inscx.com\/trading\/2018\/12\/13\/general-market-comment-12-12-18\/","title":{"rendered":"General Market Comment 12.12.18"},"content":{"rendered":"<p><strong>General Market Comment<\/strong><\/p>\n<p>US indices closed higher on Wednesday, lifted by shares in the Automobiles &amp; Components (+1.68%), Semiconductors &amp; Semiconductor Equipment (+1.37%) and Media (+1.21%) sectors. On the economic data front, MBA mortgage applications improved by 1.6% in week ended December 7th from an increase of 2% in the previous week. In other news, CPI remained flat MoM in November, in-line with expectations, from an advance of 0.3% in October. The S&amp;P 500 (2,651.07) remains below its 20d moving average (2,692.39 &#8211; negative slope) and 50d moving average (2,741.43 &#8211; negative slope).<\/p>\n<p>European markets are expected to start on a positive note.<\/p>\n<p><strong><span style=\"color: #444444;\">Foreign Exchange<\/span><\/strong><\/p>\n<p>The US dollar was bearish against most of its major pair on Wednesday with the exception of the NZD. On the economic data front, MBA mortgage applications improved by 1.6% in week ended December 7th from an increase of 2% in the previous week. In other news, CPI remained flat MoM in November, in-line with expectations, from an advance of 0.3% in October.<\/p>\n<p>The Euro was bullish against most of its major pairs with the exception of the GBP. The euro-zone industrial production increased by 0.2% in October (+0.1% expected) after a 0.6% drop a month earlier.<\/p>\n<p>The Australian dollar was mixed against its major pairs.<\/p>\n<p><strong><span style=\"color: #444444;\">Commodities<\/span><\/strong><\/p>\n<p>After the close of Wall Street, WTI Crude Future (JAN 19) was about flat to $51.17. The contract was below its 20D MA (@ $52.92) and below its 50D MA (@ $61.72). The US Department of Energy reported that, for the week ended 7 December, crude oil inventories fell 1208k barrels compared to the previous week.<\/p>\n<p>Gold was up $2.3 to $1245.5. The precious metal was above its 20D MA (@ $1229) and above its 50D MA (@ $1223).<\/p>\n<p>Copper Future (MAR 19) on Comex was about flat to 276.4c\/lb. The contract was below its 20D MA (@ 277.31c) and below its 50D MA (@ 277.33c). In Europe, the London Metal Exchange reported its copper inventories decreased 1400 tons to 119900 tons.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>General Market Comment US indices closed higher on Wednesday, lifted by shares in the Automobiles &amp; Components (+1.68%), Semiconductors &amp; Semiconductor Equipment (+1.37%) and Media (+1.21%) sectors. On the economic data front, MBA mortgage applications improved by 1.6% in week ended December 7th from an increase of 2% in the previous week. In other news, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/inscx.com\/trading\/2018\/12\/13\/general-market-comment-12-12-18\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;General Market Comment 12.12.18&#8221;<\/span><\/a><\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1373","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>General Market Comment 12.12.18 - INSCX Live Trading Platform<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/inscx.com\/trading\/2018\/12\/13\/general-market-comment-12-12-18\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"General Market Comment 12.12.18 - INSCX Live Trading Platform\" \/>\n<meta property=\"og:description\" content=\"General Market Comment US indices closed higher on Wednesday, lifted by shares in the Automobiles &amp; Components (+1.68%), Semiconductors &amp; Semiconductor Equipment (+1.37%) and Media (+1.21%) sectors. 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