{"id":162382,"date":"2019-12-24T07:37:27","date_gmt":"2019-12-24T12:37:27","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=162382"},"modified":"2019-12-24T07:37:27","modified_gmt":"2019-12-24T12:37:27","slug":"santa-rally-set-to-cap-stellar-2019","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/12\/santa-rally-set-to-cap-stellar-2019\/","title":{"rendered":"Santa rally set to cap stellar 2019"},"content":{"rendered":"
December 24, 2019<\/div>
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By Han Tan, Market Analyst, <\/strong>ForexTime<\/strong><\/a><\/p>\n

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There\u2019s going\u00a0to be plenty of festive cheer this Christmas, as global stocks have reached a new record high! Risk appetite continues to remain supported by expectations surrounding the \u201cphase one\u201d US-China trade deal, which in turn is feeding gains for riskier assets. With US stocks already posting year-to-date gains of more than 20 percent, there could be more upside for equities\u00a0before 2019 is over.<\/p>\n

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Year-end rally seen across asset classes<\/strong><\/p>\n

Rather uncharacteristically, even with the risk-on mood, safe haven assets such as Gold are gaining.\u00a0At the time of writing, Bullion has now\u00a0breached the $1490 psychological level for the first time in six weeks. Although Gold has climbed by more than 16 percent so far in 2019, the lingering concerns over the global economic outlook for next year could ensure that Bullion remains relatively elevated in the mid to upper $1400 levels through Q1 2020.<\/p>\n

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Dull Dollar a common theme throughout 2019<\/strong><\/p>\n

In contrast to the double-digit gains seen in other asset classes in 2019, the Dollar index (DXY) has seen a rather subdued but steady year, with a year-to-date advance of just 1.6 percent. On Christmas eve, the Dollar index is consolidating around the 97.3 level, once again showing its steadfast nature that it has exhibited all year long. Still, don\u2019t be surprised if the expected risk-on sentiment over the coming months chips away at the Dollar\u2019s resilience through the first quarter of 2020.<\/p>\n

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Disclaimer: <\/strong>The content in this article comprises personal opinions and should not be construed as containing personal and\/or other investment advice and\/or an offer of and\/or solicitation for any transactions in financial instruments and\/or a guarantee and\/or prediction of future performance. ForexTime (FXTM), its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness, of any information or data made available and assume no liability as to any loss arising from any investment based on the same.<\/em><\/p>\n<\/div>\n

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\"Forex-Time-Logo\"Article by ForexTime<\/a><\/span><\/strong><\/p>\n

ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By Han Tan, Market Analyst, ForexTime There\u2019s going\u00a0to be plenty of festive cheer this Christmas, as global stocks have reached a new record high! Risk appetite continues to remain supported by expectations surrounding the \u201cphase one\u201d US-China trade deal, which in turn is feeding gains for riskier assets. With US stocks already posting year-to-date gains […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-162382","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/162382","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=162382"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/162382\/revisions"}],"predecessor-version":[{"id":162393,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/162382\/revisions\/162393"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=162382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=162382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=162382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}