The S&P 500 has risen by 0.75% as the New York session begins. As the Santa Rally extends, the Dow Jones and the Nasdaq surge between 0.39% and 1.16%.The S&P 500 has witnessed an upward bias, as buyers have tended to the 50 and the 100-DMA to open new buying …

The XAU/USD Index has advanced by 0.09% as the last trading week of the year kicks in. The market sentiment is mixed, as a result of Omicron fears and transmissibility, despite being less dull.The weekly chart depicts a neutral bias, though a descending triangle has formed, threatening of pushing prices …

The EUR/USD pair has remained on the defensive heading into the early North American session, and rather has managed to hold its neck above the 1.1300 round-figure mark.Having failed to make it through the 1.1340-50 resistance zone on Friday, the EUR/USD pair witnessed a subdued price action on the first …

Gold rose for the second successive week and finished slightly below $1810 after rebounding from $1783. It was unable to hit fresh monthly highs.The precious metal continued to improve its outlook, with a close above the 55-week simple moving average. The upside continues to face resistance around $1810/15. A break …

The International Monetary Fund is concerned about cryptocurrencies, chiefly because the promising market is growing at a noteworthy pace and regulation is not coping with such a pace.The total market value of all crypto assets surpassed USD 2 trillion in September this year, representing a 10-fold jump from levels seen …

Over the course of a year, consumer prices rose by 5.7%, the fastest surge of inflation seen in decades. Now, the omicron variant of COVID-19 is threatening any progress the country’s economy has made.In the late 1970s when inflation surged to 7, 8, 9, up to 11%, it was a …

The shared currency losses against the US dollar but remains above the 1.1300 figure. EUR/USD price is barely down late in the European session, trading at 1.1318. As US markets as a whole remain closed on Christmas eve, the market sentiment is positive. On Friday, the US dollar benefits from …

The European stock markets closed mixed on Christmas Eve with the French CAC easing 0.1% from 5-week highs.The Dutch AEX flat around 2-week highs and the UK’s FTSE 100 finishing 0.2% up around 21-month highs amid thin trading volumes and as investors were monitoring developments around omicron coronavirus variant and …

Bitcoin moved above $50,000 for the first time since 13 December though the cryptocurrency trading on Friday around USD 50870.90, continued to take investors on a roller coaster ride in 2021.One thing that stood out was how crypto went mainstream. The biggest change was El Salvador becoming the first country …

China’s finance ministry has announced on Friday that they will be extending tariff exemptions on some imported goods from the United States until June 30, 2022. There was no immediate market reaction to this news as trading conditions remain thin on Christmas Eve. From January 2020 through November 2021, China’s …