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Market Analysis

December, 2021

  • 23 December 2021 11:36 am

    Japan shares rise, tracking Wall Street

    Japanese shares rose at the close on Thursday, tracking a strong close on Wall Street Wednesday night, while positive data from a South African study on the mutant Omicron boosted airline stocks. The Nikkei index jumped 0.83 percent to close at 28,798.37 points, recording a rise for the third consecutive …

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  • 23 December 2021 10:40 am

    Gold rises before Christmas as the dollar declines

    Gold prices rose on Thursday in limited trading at the end of the year, with the decline of the dollar, which is considered a safe haven, after encouraging results from a study on the mutant Omicron from the Corona virus and increasing optimism about the global economic outlook. And gold …

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  • 23 December 2021 4:51 am

    Market Drivers – US Session – 22-12-2021

    The White House has dimmed optimism over the Omicron batter after the US Food and Drug Administration approved a pair of pills from Pfizer and Merck to treat Covid-19. The White House has warned it will take more than six months to fulfil its initial order for Pfizer’s antiviral Covid-19 …

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  • 23 December 2021 4:14 am

    AUD/USD Pair Eying US Data

    AUD/USD defends 0.7200 resistance breakout, taking rounds to 0.7215-20 during early Thursday morning in Asia.In doing so, the pair remains near the monthly peak of 0.7225, which holds the gate for a rally towards the 0.7300 hurdles. Despite rising virus cases and fears of ore infections during new-year celebrations, positive …

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  • 23 December 2021 3:52 am

    What GDP, Growth Data Can Tell About US economic Recovery

    The US economy grew faster than expected in the third quarter of 2021 at 2.3%, up from an estimate of 2.1%.  The third-quarter growth in America’s total output in goods and services significantly slowed from the first two quarters where growth soared to 6.3% and 6.7% respectively. GDP growth is …

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  • 23 December 2021 2:56 am

    White House Warns Pfizer Pill Won’t Be Widely Available

    The White House has dimmed optimism over the Omicron batter after the US Food and Drug Administration approved a pair of pills from Pfizer and Merck to treat Covid-19.The White House has warned it will take more than six months to fulfil its initial order for Pfizer’s antiviral Covid-19 pill, …

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  • 23 December 2021 2:44 am

    Gold has moved back above USD 1,800

    Gold has perked up on the day following an offer in the US dollar and a bid in global shares. US real yields are the focus pertaining to Federal Reserve expectations. The precious metal has benefitted due to the market being well priced for a hawkish Fed in what has …

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  • 23 December 2021 2:14 am

    Will Jerome Powell Face Stormy 2022?

    Will the Federal Reserve have to walk on an economic tightrope in 2022? Fed moves to tighten policy in 2022 amid uncertain economic outlook and Fed Chairman Jerome Powell is entering 2022 with the American economy on shaky ground.Policymakers may face a challenging year for the US central bank as …

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  • 23 December 2021 1:51 am

    Can Futures Market Push Bitcoin’s Prices Above USD 50000?

    Bitcoin is traded at USD 49,206, up almost 6% over the last two days, the top crypto coin seemed to have started the week on a high note. While BTC still rode on a wave of volatility, the recent bullishness in price stirred the market anticipation of a high Bitcoin …

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  • 22 December 2021 11:27 pm

    Banks Get Prepared for ECB Stimulus Withdrawal

    Banks in Europe are issuing a particular type of bond in droves, locking in super low borrowing costs ahead of possibly tighter monetary policy in 2022.Issuance of covered bonds, which are debt instruments sold by lenders, have recently risen to the highest monthly level since before the pandemic began, according …

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  • 22 December 2021 10:48 pm

    Good News For US Homebuyers About Mortgage Rates

    A variety of notable mortgage rates decreased today, including average rates for both 15-year fixed and 30-year fixed mortgages.At the same time, average rates for 5/1 adjustable-rate mortgages also went down. Mortgage interest rates are never set in stone, but interest rates are the lowest they’ve been in years. Those …

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  • 22 December 2021 9:56 pm

    EIA: US crude stockpiles Below Expectation, Fuel Higher

    US crude stocks fell more than expected in the most recent week due to year-end tax considerations, analysts said, while gasoline and distillate inventories rose, the Energy Information Administration said on Wednesday.Crude inventories fell by 4.7 million barrels in the week to Dec. 17 to 423.6 million barrels, compared with …

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  • 22 December 2021 9:10 pm

    European Shares Close Higher After Rough Session

    European Stocks

    European stock indices lost their momentum to trade almost flat on Wednesday, as the global rebound of last session hesitates over uncertainty and fears about the surging infections with Omicron coronavirus variant.The US spending bill, and a worrying backdrop of rising inflation rates contributed to the performance of shares on …

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