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Market Analysis

December, 2021

  • 27 December 2021 3:17 pm

    European Shares Decline in Limited Rrading

    European shares fell in limited trading due to the Christmas holiday on Monday as risk appetite was hit after the mutant Omicron led to a spike in COVID-19 cases globally. The pan-European Stoxx 600 index fell 0.2 percent after Asian shares were mixed. Banks and technology stocks were among the …

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  • 27 December 2021 2:23 pm

    Market Drivers – Asian Session 27-12-2021

    Japanese stocks closed lower on Monday with SoftBank Group leading losses as concerns over the fallout from the mutated Omicron from the coronavirus outweighed the positive impact of gains in technology heavyweights. The Nikkei index fell 0.37 percent to close at 28,676.46 points, while the broader Topix index fell 0.45 …

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  • 27 December 2021 1:25 pm

    Japanese Stocks Close Lower on Omicron Fears

    Japanese stocks closed lower on Monday with SoftBank Group leading losses as concerns over the fallout from the mutated Omicron from the coronavirus outweighed the positive impact of gains in technology heavyweights. The Nikkei index fell 0.37 percent to close at 28,676.46 points, while the broader Topix index fell 0.45 …

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  • 27 December 2021 11:37 am

    Oil Prices Fluctuated And US Crude Fell

    Oil prices were mixed on Monday, with Brent crude rising, while US crude futures fell after airlines canceled thousands of flights in the United States over the Christmas holidays amid a surge in Covid-19 infections. US West Texas Intermediate crude futures fell 41 cents, or 0.6 percent, to $73.38 a …

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  • 27 December 2021 10:30 am

    Gold Prices Settled After The Decline in US Treasury Yields

    Gold prices stabilized on Monday above the key level of 1,800 dollars an ounce, while a slight decline in US Treasury yields was offset by a rise in the dollar. Spot gold rose 0.1% to $1,809.95 an ounce and has mostly remained above $1,800 since closing above that level for …

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  • 27 December 2021 9:32 am

    Weekly Recap 20 – 24 Dec.

    The financial markets closed the trading week ending on December 24, with the progress of risk assets, led by global stocks, over the rest of the safe-haven assets, led by the US dollar. Over that week, the main drivers of the markets were the economic data and positive developments regarding …

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  • 25 December 2021 5:36 am

    Market Drivers – US Session – 24-12-2021

    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 …

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  • 24 December 2021 11:53 pm

    Why IMF’s Worries About Cryptocurrencies

    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 …

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  • 24 December 2021 10:44 pm

    Latest inflation Wave Worst Obstacle Ahead US Economic Recovery

    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 …

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  • 24 December 2021 8:47 pm

    EUR/USD Above 1.1300 Ahead Of Christmas Eve

    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 …

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  • 24 December 2021 8:40 pm

    European Stocks Close Mixed On Christmas Eve

    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 …

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  • 24 December 2021 7:35 pm

    Bitcoin Surges Above USD 50000 In Holidays Week

    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 …

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  • 24 December 2021 7:16 pm

    China Extends Tariff Exemptions On US Goods Till June 2022

    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 …

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