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Market Analysis

December, 2021

  • 27 December 2021 11:05 pm

    Strong Q4 Deliveries Push Tesla Stock To Flash Buy Signal

    Tesla’s earnings as well as deliveries are expected to jump year-over-year when Elon Musk’s carmaker reports fourth-quarter figures in early January. Tesla stock rose Monday, rising to a trendline buy point.The maker of upscale electric cars could report Q4 deliveries as early as 1 January and as late as 5 …

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  • 27 December 2021 9:56 pm

    WTI Around USD 76.00 Amid Positive Market Mood

    Western Texas Intermediate has advanced by 2.66% during the New York session, exacerbated by thin trading liquidity conditions.The market sentiment is positive despite the Omicron variant worldwide outbreak. Tilted to the upside, though a break above the 50-DMA would open the path towards USD 79.00.Western Texas Intermediate, also known as …

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  • 27 December 2021 9:36 pm

    European Stocks Trade Higher In Final Week Of 2021

    European stocks kicked off the last trading week of 2021 with gains on Monday, as traders got one last chance to push the main index toward a record closing high before year-end. Pharmaceutical stocks were among the biggest gainers.The Stoxx Europe 600 index XX:SXXP rose nearly 0.5% to 484.82, with …

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  • 27 December 2021 9:03 pm

    USA Dallas Fed Manufacturing Business Index Falls

    Texas factory output grew in December at the same pace compared with the previous month, data from a survey compiled by the Federal Reserve Bank of Dallas showed Monday.The production index of the Texas Manufacturing Outlook Survey which is a key measure of state manufacturing conditions, fell slightly to 26.7 …

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  • 27 December 2021 8:49 pm

    Wall Street Surges To All Time Highs As Year End Looms

    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 …

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  • 27 December 2021 8:30 pm

    Gold Price Subdued Around $1800 Amid Flat US Real Yields

    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 …

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  • 27 December 2021 7:28 pm

    EUR/USD Remains Within Narrow Trading

    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 …

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  • 27 December 2021 6:28 pm

    Market Drivers – European Session 27-12-2021

    The market was quiet due to the Christmas and New Year holidays. The People’s Bank of China (PBOC) said on Monday that it will steadily implement a management system for real estate financing, as reported by Reuters. The Chinese Ministry of Finance said, today, Monday, that the country will implement …

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  • 27 December 2021 5:34 pm

    Gold Declines Marginally With The Rise of The Dollar

    Gold prices fell in weak trading on Monday, with the dollar rebounding, although it is still hovering near its highest levels in a week, with increased demand for safe havens due to concerns linked to the pivot omicron. And gold fell in spot transactions 0.1% to $ 1806.60 an ounce, …

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  • 27 December 2021 4:33 pm

    The Turkish Lira is Falling After Record Highs That Lasted 5 Days

    The Turkish lira fell after record highs over five days, disregarding the messages of reassurance from the government. The currency fell 6.2% to 11.3399 per dollar, on a weak trading day, and since the beginning of the year, the lira has lost 34% of its value, which is the largest …

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  • 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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