Charts Today – Asia and Europe mixed, awaiting Fed [Video]

David Linton Updata Ltd

Charts Today – Europe Open – 19 Dec 2018 – Asia and Europe mixed, awaiting Fed

Dollar short term bearish ahead of fed.
Euro up, Sterling still flat. Flight to safety of Japanese Yen continues.
US markets ended last night slightly higher. US futures signal higher opening.
UK and Germany open up. China down.
Crude oil stabilises, still weak short term.
Gold back above $1,250, short term bullish.
US bond yields still weak short term ahead of Fed announcement.
Medium term downtrends still dominate.
UK pharma up on GSK, Italian banks up on Eu deal.

Author

David Linton

Updata Ltd

David Linton founded Updata in 1991 after several years trading and developing systems himself. He is a regular commentator on financial markets in the UK press and TV.

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