The US market closed mixed. While the Dow and Russell closed higher, the S&P and Nasdaq closed lower. The Russell closed at a historic high on the weekly chart.
BDI reversed and slumped from 2,727 (05 Dec) to 2,205 (12 Dec)
Harpex reversed to close higher from 2,181 (05 Dec) to 2,182 (12 Dec)
CDFI reversed and slumped from 1,233.64 (05 Dec) to 1,117.22 (12 Dec)
CCFI reversed to close higher from 1,114.89 (05 Dec) to 1,118.07 (12 Dec)
The dollar index continued to close lower, breaking the 98.7 support level.
Watch out for
- Interest rate decisions by the UK, Europe and Japan.
- CPI, Manufacturing and Services PMI data from multiple countries
- US NFP
The release of the COT data has resumed. They are clearing the backlog due to the US government shutdown. There will be no COT update till the released data is up to date.
I will be taking a break; this will be the last weekly update for 2025.
The next update will resume on 10 Jan 2026.
Daily UT, Weekly UT
Potential resistance around 50,403
Daily UT, Weekly UT
Daily UT, Weekly UT
Daily UT, Weekly Neutral
Potential resistance around 2,561, 2,691
Key event to watch out for (SG Time, GMT+8)
15 Dec, Mon
- 0750 Japan Tankan Large Manufacturers Index (Q4)
- 1000 China Industrial Production (YoY) (Nov)
- 1000 China Unemployment Rate (Nov)
- 2130 US NY Empire State Manufacturing Index (Dec)
- 2130 Canada Core CPI (MoM) (Nov)
- 2130 Canada CPI (MoM) (Nov)
16 Dec, Tue
- 1500 UK Unemployment Rate (Oct)
- 1630 Germany HCOB Manufacturing PMI (Dec)
- 1630 Germany HCOB Services PMI (Dec)
- 1700 Europe HCOB Manufacturing PMI (Dec)
- 1700 Europe HCOB Services PMI (Dec)
- 1730 UK S&P Global Manufacturing PMI (Dec)
- 1730 UK S&P Global Services PMI (Dec)
- 1800 Germany ZEW Economic Sentiment (Dec)
- 1800 Europe ZEW Economic Sentiment (Dec)
- 2130 US Average Hourly Earnings (MoM) (Nov)
- 2130 US Building Permits (Sep)
- 2130 US Core Retail Sales (MoM) (Oct)
- 2130 US Retail Sales (MoM) (Oct)
- 2130 US Nonfarm Payrolls (Nov)
- 2130 US Unemployment Rate (Nov)
- 2245 US S&P Global Manufacturing PMI (Dec)
- 2245 US S&P Global Services PMI (Dec)
17 Dec, Wed
- 1500 UK CPI (YoY) (Nov)
- 1800 Europe Core CPI (YoY) (Nov)
- 1800 Europe CPI (YoY) (Nov)
- 2330 US Crude Oil Inventories
18 Dec, Thu
- 2000 UK BoE Interest Rate Decision (Dec)
- 2115 Europe Deposit Facility Rate (Dec)
- 2115 Europe ECB Interest Rate Decision (Dec)
- 2130 US Core CPI (MoM) (Nov)
- 2130 US CPI (MoM) (Nov)
- 2130 US Initial Jobless Claims
- 2130 US Philadelphia Fed Manufacturing Index (Dec)
- 2145 Europe ECB Press Conference
19 Dec, Fri
- 0730 Japan National Core CPI (YoY) (Nov)
- 1100 Japan BoJ Interest Rate Decision
- 1500 UK Core Retail Sales (YoY) (Nov)
- 1500 UK Retail Sales (YoY) (Nov)
- 2300 US Existing Home Sales (Nov)
- 2300 US Michigan Consumer Sentiment (Dec)
