European markets finished mixed yesterday. The DAX remained closed for Christmas Eve and the CAC 40 & FTSE traded for half a day.

US markets were mixed. The S&P 500 inched down 0.01% but the Dow Jones reached another record close. Initial Jobless Claims data beat expectations and showed only 280,000 people to sign up for unemployment.  The market will remain closed today for Christmas but will open tomorrow as normal.

Asian markets were mixed. The Hang Seng remained closed. The Nikkei lost 0.25% as the Yen strengthened against the Dollar following comments from Kuroda. Kuroda, the governor of the bank of Japan, stated that lower oil prices should help the economy and showed confidence that the economy is making moderate progress. Hong Kong will remain closed until Sunday.

Oil dropped after data showing higher supplies. The API and EIA both reported that inventories climbed over the past week pushing the price back down to 55.25. The market is now closed and so there is no movement. It will reopen tomorrow.

Gold dropped towards $1,170/ounce as investors sold off their positions and US data came out positive; Jobless Claims beat expectations. The price reached a low of 1,172 but as the commodity market is now closed there is no movement.

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US markets reached record levels again after the GDP report showed the economy to expand by its fastest pace in 11 years, gaining 5% over the last quarter.

Asian markets were mixed across the region. The Nikkei gained 1.24% as the Dollar rallied against the Yen yesterday climbing to a high of 120.8. Although it weakened slightly before the close of the session, it remained at a two week high against the Yen.

European markets finished mixed today. The DAX remained closed for Christmas Eve and the CAC 40 & FTSE traded for a half day.

Oil climbed on a number of factors. US GDP data showed that economic recovery is ongoing and suggested that oil demand may increase. Arabic OPEC producers also reported that they believe the price will climb back above $70/barrel by the end of next year. The rally was short lived, however, and the price is falling back down after a supply report from the API. The report showed that inventories climbed by 5.4million barrels in the past week. Traders should watch data from the EIA will release data at 3:30pm GMT.

Gold traded choppy yesterday. The price first gained as it rebounded from a sharp fall. However, it later fell following the US GDP data and rallies in the stock market. Bearish sentiment remains today and the selloff resumed after stronger than expected Initial Jobless Claims data.

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US markets finished the week higher, gaining for a third session. Investors continued to react to the FOMC statement and press conference.

Asian markets climbed across the region. The Nikkei gained 0.08% as the Dollar closed higher against the Yen, nearing the key psychological level of 120.

European markets climbed for a fifth day as the Swiss National bank introduced a negative deposit rate. Speculation is also ripe that the ECB could start to buy government bonds.  The situation in Greece also looked to slightly improve after the Prime Minister offered a solution to help avoid elections next year. Volatility is expected to decline across all markets before closures for Christmas Eve, Christmas Day and Boxing Day in some European countries.

Oil climbed to a high of 58.4 but then bounced downwards and is notrw trading around 55.5. Over the weekend the energy minister of Saudi Arabia repeated that they will not cut production and blamed non OPEC countries for the glut. In addition, a Barclay’s analyst stated that prices still have further to fall and KCB Energy Economics said they expect prices to be lower through 2015.

Gold declined and almost reached 1,180/ounce. Traders are still weighing the US interest rate hike and the outlook for the US Dollar against economic instability and oil prices.

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US markets closed lower after a choppy session. Investors became anxious with the threat of falling oil prices and a strong devaluation of the Russian Ruble. Attention will now turn to today’s FOMC statement at the conclusion of a 2 day meeting.

Asian markets were mixed across the region. The Nikkei added 0.38% as the Japanese Trade Balance came out strong and showed a lower than expected deficit of 892 billion. The Hang Seng lost 0.42% as sentiment spilled over from the US session and investors focused on Russia and the FOMC statement.

Yesterday, Oil reached a new low of $53.6/barrel. Prices plunged on worries over Russia and weak data from China. Volatility was high and later in the session the price managed to rebound upwards following strong European data and speculation that the price had dropped too strongly. The API released data showing that inventories climbed by 1.9million barrels over the past week. The EIA will release government data at 3:30pm GMT today.

Gold traded with high volatility and climbed as traders flocked to safe haven assets following the Rubles collapse. The price reversed back down, however, as the FOMC statement moves closer. Traders want to learn whether the Fed will repeat that rates will remain low for a ‘considerable time’ or instead provide an estimated date.

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Yesterday, US markets rallied at the open as oil prices rebounded slightly.  However, the commodity failed to hold onto gains and fell back down, reigniting bearish sentiment.

Asian markets declined across the region. The Nikkei lost 2.01%, reaching a 6 week low. The Yen strengthened following the reelection of the current government, led by Prime Minister Abe and investors welcomed stability.

European markets are mixed today due to a number of factors. Investors are selling off riskier assets as they focus on oil prices and watch the Ruble’s collapse following the interest rate hike to 17%.

Oil reached a new 5 year low as OPEC made no indication that they would cut production despite the price dropping far below $60/barrel. Separately, the UAE Oil minister stated that OPEC would not cut production until the price falls as low as $40/barrel. The price is now rebounding slightly after positive data from across Europe. Traders should focus on inventory data from the API which will be released at 9:30pm GMT.

Gold dropped strongly but has since regained all losses as traders anticipate the FOMC meeting and its statement on Wednesday. Russia’s decision to hike rates has also brought uncertainty into the market increasing demand for safe haven assets.

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