Investing.com - Financial Markets Worldwide

Macro Week In Review/Preview: December 21, 2012

ByDragonfly Capital
AuthorGregory W. Harmon
Published 12/23/2012, 12:23 AM
Updated 05/14/2017, 06:45 AM

Last week’s review of the macro market indicators suggested, heading into the last full week of the year, that there was still a bit of a cloud over the markets. Gold was biased lower within the long-term neutral trend, with Crude Oil looking steady with a bias to the downside on a move out of the range.

The US Dollar Index was biased to the downside if it were to break the tight range with US Treasuries looking lower in the uptrend. The Shanghai Composite was looking strong in the downtrend with Emerging Markets strong but perhaps ready for a rest. The Volatility Index was showing no fear anytime soon keeping the bias higher for the Equity Index ETF’s SPY, IWM and QQQ. Their charts showed some caution if not a pullback coming with the QQQ biased lower and weakest.

The week played out with Gold selling off as seen in the charts but Crude Oil moving higher. The US dollar and Treasurys also continued lower but both found a bottom and bounced to end the week. The Shanghai Composite consolidated the move higher from last Friday while Emerging Markets drifted up before giving it all back Friday. Volatility also drifted higher before a spike and pullback to end the week. The Equity Index ETF’s made a move higher before pulling back to end the week nearly flat.

Latest comments

Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.