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Market Analysis

December, 2021

  • 3 December 2021 4:28 am

    Market Drivers – US Session – 2 Dec. 2021

    The outlook for the US economy is still clouded by the emergence of Omicron strain, this may see the US’s renewed lockdown which would benefit the Swiss franc and other safe havens. Optimism is struggling to find its way through uncertainty ahead to global financial markets until Thursday’s session closing. …

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  • 3 December 2021 3:43 am

    Pre-NFP Support Helps USD/CHF Maintains Calm

    USD/CHF found good support at its 200-day moving average for a third consecutive day on Thursday. The pair has been hovering just to the north at close to 0.9180 since Tuesday, during which time it has rolled within a fairly tight 0.9180-0.9220 range. The pair has been going sideways despite …

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  • 3 December 2021 1:44 am

    CAD Steadies Low Due To Omicron Risks

    The Canadian dollar strengthened slightly against its US counterpart on Thursday but held near its lowest level in over two months, as investors assessed the global economic impact of the Omicron coronavirus variant and looked ahead to domestic data.The Canadian dollar was trading 0.1% higher at 1.2807 to the USD, …

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  • 3 December 2021 1:19 am

    S&P 500 Recovers Amid Unpredictable Market

    US equity market conditions remained for the most part uneven and unpredictable on Thursday and the S&P 500, which sold off sharply into the Wednesday closing the session under the 21-day moving average in the 4510s, bounced in early Thursday trade and now trades nearly 1.7% higher on the day …

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  • 3 December 2021 12:45 am

    US Shares Rise After Omicron-Driven Selloff

    Stocks jumped Thursday, continuing a unrestrained week for markets driven by uncertainty about the potential impact of the Omicron strain on public health and the economic recovery.Shares rose, with the S&P 500 and Dow Jones more than recouping Wednesday’s losses as of late afternoon. All 11 sectors of the S&P …

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  • 3 December 2021 12:29 am

    Jobs Data, Fed Speakers Push T-Yields Higher

    US Treasury yields jumped higher on Thursday as investors returned to attractive riskier assets and Federal Reserve officials talked up a quicker end to the central bank’s bond purchases.The benchmark 10-year yield , which had fallen to as low as 1.409% earlier in the session, was last 2 basis points …

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  • 2 December 2021 11:43 pm

    WTI Choppily Traded Ahead OPEC+ Decision

    Thursday has been a uneven day for crude oil prices, as traders eye OPEC+ decision to hike concerning January production.The big news of the day was OPEC+’s decision to surprise markets by not choosing to halt output hikes in January but to press ahead with another incremental 400000 barrel per …

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  • 2 December 2021 11:20 pm

    NZD, GBP Gainers, But EUR/USD Retreats

    The Euro drops sharply during the New York session, down 0.08%, trading around the 1.1300s. In the last two hours, the market sentiment has been mixed. European stock indices finished the session in the red territory, contrarily of rising US indices across the pond. The NZD and the GBP are …

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  • 2 December 2021 10:59 pm

    German Bond Yields Fall On Omicron Concerns

    Eurozone government bond yields fell on Thursday as the new Omicron coronavirus variant dampened risk sentiment.European shares dropped after a recovery in stock markets overnight was wiped out when United States identified its first known COVID-19 case caused by the Omicron variant in a fully vaccinated patient. read moreThat news …

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  • 2 December 2021 9:47 pm

    Bostic: Maximum Employment Might Be Fewer Than Before

    Raphael Bostic, President of the Federal Reserve Bank of Atlanta, said on Thursday that the Fed is open to the possibility that maximum employment might be fewer jobs than before. Additional Comments:“Understanding what maximum employment is in the current environment will take some time.”“My interest rate path is to go …

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  • 2 December 2021 8:54 pm

    Fed’s Bostic pushes for ending QE taper sooner

    Raphael Bostic, President of the Federal Reserve Bank of Atlanta, said on Thursday that he would push for getting the QE taper over with sooner rather than later. Additional Comments:“We do need to be tapering bond purchases, have served purpose.”“Tapering will provide more optionality in 2022 on interest rate liftoff.”“If …

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  • 2 December 2021 8:13 pm

    Natural Gas Futures Lower Ahead of EIA Data

    Continued weather-driven poor demand expectations keep pressuring natural gas futures in early trading Thursday as the market awaited the latest round of weekly government inventory data. The January Nymex contract was off 9.8 cents to $4.160/MMBtu.Estimates ahead of the latest Energy Information Administration (EIA) storage report, scheduled for today, point …

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  • 2 December 2021 8:04 pm

    Panetta: Inflation Hitting Eurozone Recovery

    The economic recovery from a pandemic in the Eurozone is still incomplete and the recent inflation shock along with a new pandemic waves are endangering the rebound, European Central Bank policymaker Fabio Panetta said on Thursday.“The inflationary spike stemming from global supply shocks and the resurgence in the pandemic are …

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