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Market Analysis

December, 2021

  • 29 December 2021 10:46 pm

    USD/CAD Remains Steady Amid Falling Oil Prices

    The USD/CAD is trimming some of Wednesday’s losses, down by 0.05% as COVID-19 worries ease, as studies have shown that leads to milder symptoms that could be treated outside the hospital.The USD/CAD has fallen during the New York session, trading at 1.2809. Investors’ mood is mixed, as US equity indices …

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  • 29 December 2021 10:31 pm

    Elon Musk Owes USD 11 Billion Taxes After Wrapping Up Tesla Stock Sales

    Elon Musk appears to have wrapped up a busy year of trading his Tesla shares Tuesday. He will end up with one of the largest tax bills in history to show for it.The Tesla CEO exercised options to buy another 1.6 million shares, and sold 934,090 of those shares for …

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  • 29 December 2021 8:24 pm

    US Trade Deficit in Goods Soars to Record Figures With Faster Economic Recovery

    US Inventories rose rapidly as businesses sought to stock up for the holiday shopping season. Container ships are anchored off the ports of Long Beach and Los Angeles to unload imported goods. The trade deficit in goods surged by 17.5% in November to set an all-time high, largely reflecting faster …

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  • 29 December 2021 7:27 pm

    GBP/USD Rallies To Fresh Highs

    On Wednesday, the British pound surges by 0.31%. Thin liquidity conditions, and the lack of economic data, currently exacerbate volatility in the last days of the year.The British pound rallies trading the New York session, trading at 1.3452 at press time. Investors’ mood is mixed, as depicted by European stock …

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  • 29 December 2021 6:23 pm

    Market Drivers – European Session 29-12-2021

    The US merchandise trade deficit widened to a record level in November due to a jump in imports and a fall in exports. The US Commerce Department said on Wednesday that the goods trade deficit increased 17.5 percent last month to $97.8 billion, from $83.2 billion in October. That exceeds …

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  • 29 December 2021 5:51 pm

    Rising Risk Appetite Brings The Yen to Its Lowest Level in a Month, And The Euro is Falling

    The euro slipped in thin trade over the Christmas holiday on Wednesday and the dollar pushed the yen to a one-month low as investors shrugged off a spike in omicron infections with renewed risk appetite. The Australian dollar rose as stocks rose, but the euro bucked the trend, falling 0.2 …

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  • 29 December 2021 2:49 pm

    Bank And Retail Shares Support European Stock Exchanges in Thin Trading

    European shares extended their rally for the third day in a row on Wednesday, boosted by bank and retailer shares despite concerns raised by rising COVID-19 cases about the economic outlook for the new year. The pan-European STOXX 600 index rose 0.2 percent by 0815 GMT, with shares of retailers, …

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  • 29 December 2021 1:19 pm

    The Rise of The Dollar Affects The Luster of Gold

    Gold prices fell on Wednesday in thin trading as the dollar rose and US Treasury yields stabilized after falling earlier in the session, but prices remained above the key level of $1800 an ounce. And the price of gold in spot transactions fell 0.2 percent to $ 1802.67 an ounce …

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  • 29 December 2021 12:02 pm

    The Turkish Lira is Falling Back Against The Dollar

    The Turkish lira fell 1.7 percent early on Wednesday, continuing to offset big gains made the previous week, as investors remained concerned about the country’s monetary policy outlook. The lira fell to 12.02 to the dollar by 0615 GMT from 11.8 at the close on Tuesday. Although it rose more …

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  • 29 December 2021 11:36 am

    Japan’s Nikkei Index Retreats From Its Highest Level in a Month

    Japan’s Nikkei fell on Wednesday from a one-month high hit in the previous session, after shares of chip-related companies followed the lead of their US counterparts lower. The Nikkei index fell 0.56 percent, recording 28,906.88 points at the close. The index rose during trading on Tuesday to 29121.01 points, a …

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  • 29 December 2021 10:40 am

    Oil Continues to Rise as Fears of Omicron Subside

    Oil prices continued to rise on Tuesday, approaching the highest level in a month reached in the previous session, thanks to expectations that the mutant Omicron of the Coronavirus will have only a limited impact on global demand. Brent crude rose 14 cents, or 0.1 percent, to $ 78.74 a …

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  • 29 December 2021 2:39 am

    Market Drivers – US Session – 28 December 2021

    Major cryptocurrencies retreated amid concerns about the Omicron variant and holiday travel disruptions worldwide. Bitcoin traded 7.4% lower from 24 hours ago at around USD 47,849. The cryptocurrency was down more than 30% from its record highs at USD 68,990 in November. Bitcoin has had a volatile end of year.The …

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  • 29 December 2021 2:24 am

    Bitcoin Leads Crypto Losses

    Major cryptocurrencies retreated amid concerns about the Omicron variant and holiday travel disruptions worldwide. Bitcoin traded 7.4% lower from 24 hours ago at around USD 47,849. The cryptocurrency was down more than 30% from its record highs at USD 68,990 in November. Bitcoin has had a volatile end of year.Ether …

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