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Dollar Drops 200MA, Gold on a Rip, Sentiment Improves, Copper Nods

Dollar weakness continues, cable makes a big move north to close above the 200MA for the first time since Jul '22: strength dents the megacaps (USD earnings) , supports the midcaps reflected in FTSE 100 losing - 0.2% yesterday while the FTSE250 rallied 1.2% to close on the 200 MA.

Gold makes the 1800, much quicker than I expected (not a complaint): checks back to 200MA at $1796 and bounces - looks bullish

Oil did hit the 21EMA at $88.6, but didn't hold it: rangebound off the 8EMA and sideways: one to watch for a directional move

Doc Copper seems ok with these moves in a minor bullflag looking to the 200MA above for another test

US closed consolidating the big "Santa move" in the face of steepening yield curves and recessionary fears S&P unch on the day: AAII weekly sentiment survey shows improving retail sentiment after November's big move: nothing moves sentiment quite like price . Still 40% bearish.

VIX below 20 suggests risk-on for now. US NFP at 13:30 potential market mover - see economic calendar

AIM Meh on the day +0.2%

AIM all-share saw broader selling with 218 names in retreat and 189 up , 349 unch on the day

Renewable energy, retail and services were the outperformers . Sector plot opposite show continued outperfomance of Consumer Services, Banks, Retail, Beverages and Leisure Goods with many double digits gains over the past month .

Sector plots can be drilled through into relative strength views of each sector to spot the strongest names which can further be filtered by volume, market cap and daily values traded (£) to fine tune trading and investing opportunities.