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Here is what you need to know on Tuesday, December 31st:

  • Most markets will be closed this Tuesday, although the US ones will open.
  •  Dollar’s bearish route continued, with EUR/USD and AUD/USD reaching multi-month highs. The GBP/USD pair also advanced, recovering the 1.3100 figure, although Pound’s rally was limited by concerns about a hard-Brexit.
  • News agencies are reporting that Chinese trade negotiator, Liu He, will lead a trade delegation to Washington next Saturday, likely to sign the phase one agreement.
  • US indexes were sharply down, despite encouraging US data, amid profit-taking ahead of the year-end.
  • Commodities seesawed between gains and losses, with gold ending the day unchanged and oil marginally lower.
  • Cryptocurrencies continued shedding ground, although at a slow pace, also affected by thin holiday trading.  
  • China will release this Tuesday the official December PMI.