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Weekly review of market action in currencies, markets and commodities ...
The Dow jumped by 120 points in the week, closing at 28,135. Hints of a phase one trade deal with China provided the stimulus to push markets to a new high ...
The NASDAQ and S& P are both highly correlated with the DOW.  The index closed at 8,734 offering a 33% gain on the year. Exuberance may push the index higher in the first part of 2020 but caution nears ...
The German DAX index was up in the week by 116 points. The break out from the 12,400 level is pausing for consolidation before the next move to the upside ...
The Hang Seng moved higher this week, closing at 27,688. Political concerns will continue to overshadow any real upward momentum but the index will now find support at the 27,000 leeveel ...
The FTSE closed up on the week by 114 points closing at 7,353. The strength of Sterling was a hold on a further upward move, despite the news of a Johnson result in the election ...
The S&P index followed NASDAQ into higher ground. The move in the year to 3169 this week concludes a 25% move since the start of the year. The U.S. markets are very highly correlated ...
The French index moved in sympathy with the October break out pausing before a test of the 6,000 level. We expect a further test and breakthrough is possible in the first quarter of the New Year ...
The Nikkei has been the best performer in our Asian trio. The index closed almost 700 points higher at 24,023. Consolidation may take some time before a move to new highs is possible ...