Weekly

On December 22nd

Today's range

Yen selling continued, but at a reduced intensity, while US consumer confidence remained firm and interest rate hike pressure capped gold, which yesterday flirted with this month's high of $1824

The dollar later retreated and the gold market also saw holiday sentiment, with a swing of only $12, expected to remain volatile until the end of the year. Today's recommended range is $1812 to $1828

The dollar.

Hong Kong's stock market was in holiday mood yesterday with turnover at less than HK $70 billion, its lowest level in two and a half months, as the holiday season approached.

And the high and low amplitude is less than 200 points, Hengzi dry up close. Unfazed by the Bank of Japan's surprise move to raise its bond yield target, U.S. stocks rose for two days in a row,

Hong Kong stocks finally rebounded in line with the US rally, with the Hong Kong index opening nearly 100 points higher, after a midday swing from positive to negative on news of a domestic drug shortage

The index was still up 65 points, or 0.3 percent, at 19,160, struggling between the 10-day and 20-day averages.

 
European consumer confidence improved from the previous month, and European stock markets resumed their rally at the opening bell, helped by the two leading U.S. retail and logistics industries

Companies: Nike and fedex beat market expectations and all three major European markets were able to close close near session highs yesterday, with each closing up more than 1 percent, Germany

The DAX rose 1.54%; France's CAC index in Paris rose 2.01 percent and Britain's FTSE 100 rose 1.72 percent. The U.S. released its Conference Board of Consumers yesterday

The confidence index rose to an eight-month high of 108.3 points this month, reflecting consumer euphoria ahead of the holiday season, boosting investment sentiment and spending

All three major Wall Street indexes closed up more than 1 percent, with the Dow up 1.4 percent. The S&P 500 rose

1.48%; The Nasdaq composite index rose 1.54 percent.

The Bank of Japan unexpectedly raised its target ceiling for government bond yields on Tuesday afternoon, yen selling continued, gold rose and then fell, and the Conference Board's consumer confidence index came out

The dollar index climbed back above 104 on gold as the index hit 108.3, its highest level in 8 months, amid renewed fears of a Fed rate hike

Test this month's high before closing lower. Gold hit a high of $1,823.9 and a low of $1,811.9 before closing at $1,814.6, down $3.30.

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