Fluctuating dollar following the announcement of the tax cuts in the US

The dollar appreciated against most currencies on Tuesday, thanks to optimistic data from US building permits, but profits were limited by doubts about the overall impact of the country's main tax revision plan. The Republican Chamber of Deputies approved a large-scale tax bill on Tuesday, then the bill passed through the Senate and was approved. The majority in the US Senate is Republican, and this has made it easier to accept the project.
Green money rose against the yen, and against the euro depreciated after parliament approved the bill.
At the beginning of the session, the dollar appreciated as US housing data reported a 13-month high in November, while data on single-family houses struck a 10-year high. At the end of the session, green money was 0.28% higher against the yen to 112.85 yen. The euro grew slightly against the euro, with the single currency closing the session at 1.18399, which is 0.51% higher than on Monday.

Oil - where in 2018?

Brent's price is expected to be at an average of $60 a barrel next year and US crude oil at $55 a barrel. At least according to the analysts' average expectations.
Experts predict a drop in oil prices. By comparison, the Brent is currently traded at about $64 a barrel, and US crude oil is close to $58 a barrel.
A major engine in the price of oil in the coming year is expected to continue to be the US industry and more specifically the direction of the key manufacturers.
The production constraints, which came in the direction of OPEC and Russia, largely predetermined the appreciation of oil on international commodity markets. However, it is quite possible to change the following year.
Net short positions rose for the ninth consecutive week and reached record levels. That is, most of the major oil operators are likely to insure their future production against a potential oil price depression.
Much of the US oil producer has futures contracts for the end of the third quarter last year at an average price of $48.95 a barrel.
Of course, there is a danger of further rising oil prices, given the record short positions in futures, warn some market observers.
The US Energy Ministry predicts a production increase of up to 10 million barrels per day next year, which would be record in US manufacturing history. If this figure is reached, it is entirely possible for the price of "black gold" to be logically put to serious testing.

JPM: The S&P 500 targets 3,000 in 2018

Tax reforms will continue to support the growth of US markets. This is the opinion of financial experts from the US financial institution JPM.
The US bank analyst team expects the US indices to perform well. For this, Trump's tax reform may help, which, is extremely close to acceptance.
Stable growth, weak monetary policy, low interest rates and taxes will be among the factors that will lead to a rise in US indices next year. The goal of the broad US S&P 500 is expected to reach the psychological limit of 3,000 points in the next year.
Of course, there are analysts who are not as positive about the future of the indices. According to some, next year, though good for investors in general, may be related to risks.

US indices ended in new records

US indices reached new historical records, awaiting the introduction of tax reform next week.
The S&P 500 indice, the Dow Jones Industrial Average and the Nasdaq 100 Stock Index closed at historic records after it became clear that the final tax reforms will be presented late Friday, and a vote for their approval is expected next week.
Russell 2000 Index's Index for Small Businesses saw the ninth consecutive growth for the last 10 sessions, precisely following the expected reforms.
Still, there are some uncertainties about the final version of the tax reforms and whether they will not undergo any changes.
The S&P 500 rose 0.9 percent to a level of 2,675.63 points or the highest closing level in its history. The Nasdaq 100 added 1.2% and Nasdaq Composite added 1.2% to its value.

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Jamie Dimon: I'm open to cryptocurrencies... But regulated!

The bitcoin is everywhere in the news and in the media. Apparently this puts a serious strain on Jamie Dimon, who, apart from being terribly wrong in his forecast for the bitcoin (at least for now, claiming it is a balloon that will end up much worse than tulip mania) when it was 6000 dollars, said he would have fired each of his company, which traded with cryptocurrencies.
Goldman Sachs, which are expected to be one of the major market makers of the bitcoin and other cryptocurrencies, have benefited from this.
Dimon, said he was still skeptical about his bitcoin and its future, but he had definitely softened his tone.
Dimon's last comments are definitely far more different than before. About a month ago, he said that if you're stupid enough to buy it, you'll pay the price for it one day, when the price of the cryptocurrenciy was about $5,800.
Since then, the bitcoin has risen to more than $19,000, last trading at just over $15,000.
Although Dimon said in September that the bitcoin was a scam, he did not even deny that the cryptocurrency could safely rise to $100,000 before it reached its peak.

The Brent with the highest price since 2015

Brent has risen to its highest levels since 2015 today, after an unplanned closure to repair a North Sea pipeline. This has resulted in serious supply difficulties and has helped to raise the cost of raw material.
The Brent with delivery in the next month traded at $64.73 a barrel early this morning.
Raw material has begun to rise before the meeting of OPEC, which reached agreement to extend production constraints by the end of next year. The decision was also backed by Russia.
However, this time, unlike the previous one, OPEC's decision did not lead to a sharp depreciation of the price of "black gold."
More and more analysts are starting to talk about a price of 70 or even $80 a barrel next year. The good performance of the global economy and the possible depreciation of the dollar may be the factors that will predict similar high prices.
Brent peaked yesterday, at $64.93 a barrel, or its highest price since June 2015.
US crude oil was traded at $57.98 a barrel.