US Dollar Index
90.089 +0.301 (+0.39%)
DX closing above the 90 mark prior to Xmas is a significant development. it augurs a new year of Dollar strength and conversely commodity price weakness, like gold and crude oil.
EUR/ USD
1.217175 -0.005625 (-0.46%)
Just a lack of positive news all round has sent the EUR/USD further below to a support range at 1.2247 to 1.2217. But even that has very little punch in it. Strong support expected at 1.2043 (24/07/2012 low).
Crude Oil
56.84 -0.28 (-0.51%)
what a year it has been for crude oil. These last few months has seen a total collapse in price from over $100 a barrel to the present $50 range. Nobody saw this, not a single expert predicted this price collapse. Nobody foresaw the price war designs of Saudi or global events like Ukraine. But, where there is a fall there is a rise. Markets are cyclical like the seasons in time.
Gold
1173.730 -4.565 (-0.39%)
The shiny metal has lost its allure with the ever increasing strength of the Greenback as a safe haven. A strong robust American economy is always safe as houses for global money. Gold has now fallen below support at 1186 and this augurs more persistent selling pressure to come as US Dollar gains in 2015. Strong support is at 1027 (28/10/2009 low).
Pieter Bergli - DeLoren Trust Holdings
Forex Education
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