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America’s Roundup:Dollar gains at end of tumultuous year,Wall Street ends higher, Gold little changed, Oil edges higher, but posts 20% annual drop in tumultuous 2020-January 1st,2020

Market Roundup

• Euro clears $1.2300 to be up 10% for year

•Sterling climbs as lawmakers approve Brexit deal

•Russia Central Bank reserves (USD) 592.4B,593.6B previous

• US Jobless Claims 4-Week Avg 787K, 833k previous

• US Continuing Jobless Claims 5,219K, 5,390K forecast, 5,337K previous

• US Initial Jobless Claims 836.75K, 833K forecast, 803K previous

• US Natural Gas Storage-114B, -125B forecast, -152B previous

•Russia Dec CPI (YoY)  4.9%,4.7% forecast,

•Russia CPI (MoM) 0.8%,0.6% forecast, 0.7% previous

Looking Ahead - Economic Data (GMT) 

• No significant data 

Looking Ahead - Events, Other Releases (GMT)      

• No significant events 

Currency Summaries

EUR/USD: The euro declined against dollar on Thursday as lockdowns and rising COVID-19 cases overshadowed the optimism around the rollout of vaccines in the New Year. Trading volumes were thin, with many traders away on New Year’s Eve and major European markets closed. The euro ended at $1.2215, up 8.97% on the year. It reached $1.2310 on Wednesday, the highest since April 2018, but pared gains as investors squared positions for the year. Immediate resistance can be seen at 1.2260(38.2%fib), an upside break can trigger rise towards 1.2300 (Daily high).On the downside, immediate support is seen at 1.2203(14DMA), a break below could take the pair towards  1.2183(50%fib).

GBP/USD: Sterling extended gains on Thursday, rising as much as 0.6% versus the euro after news that trading platforms in the European Union can be used by UK market participants for up to three more months to avoid disruption to swaps trading. While the Brexit trade deal agreed on Christmas Eve set rules for industries such as fishing and agriculture, it did not cover Britain’s finance sector, leading to fears that swaps trading worth $200 billion could be disrupted next week.But Britain’s markets watchdog said on Thursday UK market participants could use EU platforms to trade swaps for up to three months to avoid potential disruption in markets. Immediate resistance can be seen at 1.3683(23.6%fib), an upside break can trigger rise towards 1.3715 (Higher BB).On the downside, immediate support is seen at 1.3613(38.2%fib), a break below could take the pair towards 1.3556 (50 % fib).

USD/CAD: The Canadian dollar declined against its U.S. counterpart on Thursday, as Canadian dollar is dragged lower by falling oil prices, while investors focused on fading prospects for bigger U.S. stimulus checks. Trading volumes were thin, with many traders away on New Year’s Eve. At  (2138 GMT), the Canadian dollar was trading 0.03% lower at 1.2576 to the greenback. The currency, which on Friday hit its highest  level in nearly two weeks at 1.2708, traded in a range of 1.2758 to 1.2708. Immediate resistance can be seen at 1.2767 (Daily high), an upside break can trigger rise towards 1.2800(38.2% fib).On the downside, immediate support is seen at 1.2708 (23.6%fib), a break below could take the pair towards 1.2600 (LowerBB).

USD/JPY: The dollar strengthened against the Japanese yen on Thursday as expectations for further fiscal aid and easy monetary policy from the U.S Federal Reserve prompted investors to shun the greenback. Initial jobless claims unexpectedly dropped for the second straight week, according to the Labor Department, but remain elevated, suggesting layoffs remain stubbornly high as the economy stumbles through a COVID-19 resurgence. The dollar index rose 0.29%, with the euro down 0.62% to $1.2219.The Japanese yen weakened 0.06% versus the greenback at 103.26 per dollar. Strong resistance can be seen at 103.33 (50% fib), an upside break can trigger rise towards 103.45(61.8% fib).On the downside, immediate support is seen at 103.20 (38.2%fib), a break below could take the pair towards 103.01 (23.6%fib).

Equities Recap

Stocks fell in European trading on Thursday as lockdowns and rising COVID-19 cases overshadowed the optimism around the rollout of vaccines in the New Year, while the dollar’s descent accelerated to another two-and-a-half-year low.

UK's benchmark FTSE 100 closed down by  1.45 percent, France’s CAC finished the day down by 0.86 percent.                   

U.S. stocks ended a tumultuous year with the Dow and S&P 500 at records, as the three major U.S. equity indexes notched solid-to-spectacular yearly gains despite an economy upended by the COVID-19 virus as investors looked to a post-pandemic world.

Dow Jones closed up by  0.65% percent, S&P 500 closed up by 0.64% percent, Nasdaq settled up by 0.14% percent.

Treasuries Recap

U.S. Treasury yields dipped on the last trading day of the year, pulling the yield curve flatter, as thin volume exaggerated market moves.

Benchmark 10-year notes last rose 3/32 in price to yield 0.9165%, from 0.926% late on Wednesday.

The 30-year bond last rose 12/32 in price to yield 1.6462%, from 1.662% late on Wednesday.

Commodities Recap

Global crude prices edged higher on Thursday but lost more than a fifth of their value in 2020, as lockdowns to combat the novel coronavirus depressed economic activity and sent oil markets reeling.rop in tumultuous 2020.

U.S. crude rose 0.25% to settle at $48.52 per barrel and Brent settled at $51.80 per barrel, up 0.33% on the day.

Gold prices was little changed in holiday-thinned trade on Thursday, were on course for their best annual performance in a decade.

Spot gold, up more than 24% this year in its best performance since 2010, was almost flat at $1,893.10 per ounce as of 1240 GMT.U.S. gold futures were up 0.2% to $1,897.40.

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