The stocks: the local downtrend based Japan and China released economic data

The market is continuing in ranging based on high impacted news events released: The Dow Jones Industrial Average dropped about 1.00 percent and the price came to be closer to 100 period SMA which is the border between the ranging bearish and the primary bullish on the chart, and S&P 500 was dropped to be closer to 2016 key support level located on the border between bearish/bullish area as well.

• 2015-12-07 23:50 GMT | [JPY - Current Account] [USD became stronger compare with JPY based on 1.49T actual data released]
• 2015-12-08 01:56 GMT | [CNY - Trade Balance] [USD became stronger compare with CNY based on 343B actual data released]
• 2015-12-09 01:30 GMT | [CNY - CPI] [CNY became stronger compare with USD based on 1.5% actual data released]

The main reasons for local daily downtrend are the following: CNY Trade Balance was down (343B compare with 395B expectation), JPY Current Account was down as well. And Chinese Consumer Price Index (CPI) was up 1.5 percent on year while the Producer Price Index (PPI) was down 5.9 percent on-year.