The USD/CAD pair has dropped to fresh three-week lows during the New York session, trading at 1.2677. The last trading day of the year has a relaxed market mood; despite that Asian equities closed in the green territories with significant gains.European stock indices like the CAC40 and the FTSE 100, …

The USD/TRY pair is set to end the week 20% higher, though the rally has stalled at resistance in the 13.50 area. Traders and investors remain skeptical as President Erdogan continues to push “new economic programme” despite surging inflation.The Turkish lira has lost more than 40% of its value versus …

The first week of 2022 will have a busy schedule for economic data. In the US and Canada, employment numbers and ISM figures are due. The Federal Reserve will release the minutes from its latest meeting. Economists expect a net job creation of 30000 in Canada during December and NFP …

Market participants, investors, traders and economists have been warning against reading too much any market moves this week given year-end volatility and illiquidity. Investors kicked off the penultimate trading day of a volatile year on Thursday with a duet of anodyne, slightly better-than-expected indicators.Economic DataThe number of US workers filing …

Major currency pairs have managed to hold within familiar levels on Thursday, trading in a mixed manner amid thinned market conditions. Most financial markets will be closed on Friday, amid the New Year’s Eve holiday. Wall Street will operate normally, while the bonds markets will close earlier. Markets are likely …

The S&P 500 Index hit a fresh intra-day record high on Thursday at 4808, but for the most part has traded within the ranges established over the last three sessions, where the index has mostly traded between the 4775 and 4805 levels. The index trades now almost touched the 4800 …

According to sources speaking with Reuters, OPEC and allies would likely stick to existing oil production policy at the upcoming 4 January 2022 meeting.This would mean hiking output by 400,000 barrels per day starting next February. The sources cited an easing of concerns about the impact that the spread of …

European Central Bank governing council member and Dutch central bank head Klaas Knot said on Thursday that the bank could end its bond-buying programmes sooner if inflation continues to surprise on the upside. Knot added that it is now appropriate for the bank to prepare for gradual monetary policy normalization …

The US Dollar Index closed the second straight day in the positive territory and continues to inch higher on Wednesday but markets are likely to remain quiet ahead of the New Year holiday.Omicron stands as a downside risk in the housing market. A reading of pending home sales also out …

WTI’s US crude oil benchmark rises in the New York session by some 0.62%. The US crude oil benchmark, advances during the New York session, trading at USD 76.39. Oil investors reacted positively to Omicron-related worries, pushing WTI prices from USD 68.50 up to USD 77.20 in the last eight …