Russian President Vladimir Putin said Thursday, December 23, that it was unfair to accuse Russia of being responsible for the rise in natural gas prices to record levels in Europe, given that the Russian company Gazprom fulfilled all its supply commitments. Putin told an annual press conference that Gazprom had …
Read More »SoftBank Shifts Focus: Sells Nvidia Stake, Doubles Down on AI
SoftBank has sold its remaining stake in Nvidia for $5.83 billion, marking a clear pivot toward arti…
Oil Prices Rebound as Global Demand Outlook Brightens
Oil prices rose on Tuesday, recovering from recent declines as optimism about global demand returned…
Dollar Weakens as Fed Rate-Cut Hopes Grow and Government Deal Optimism Builds
The US dollar continued its downward slide on Tuesday, reaching fresh monthly lows as weaker-than-ex…
Paramount Skydance Rockets Ahead: Bold Strategy and Streaming Strength Ignite Investor Optimism
Paramount Skydance has emerged as a breakout star in the media sector, surging to the top of the S…
Pound Struggles for Direction as Rising UK Unemployment Fuels Rate Cut Speculation
The British pound held steady on Tuesday after UK labor market data revealed a rise in unemployment,…
Yen Holds Steady as Weak U.S. Jobs Data Fuels Fed Cut Bets
The Japanese yen remained steady against the U.S. dollar on Tuesday, with the USD/JPY pair hovering …
Dollar Weakens as Markets Eye Fed Moves and Government Deal Breakthrough
The U.S. dollar slipped to its lowest level in more than a week on Tuesday, as renewed signs of weak…
Gold Retreats After Rally: Market Caution Tempers Momentum
Gold prices edged lower after reaching a three-week high near $4,150 per ounce, as profit-taking and…
Markets exhale as shutdown end nears; investors brace for a data deluge and rate-path clarity
U.S. assets found firmer footing Monday as signs of progress in Washington eased fears of deeper eco…
Dollar firms vs yen, slips vs Aussie as markets eye post-shutdown data; sterling softens on UK jobs
The U.S. dollar posted a mixed performance in Asia on Tuesday, rising against the safe-haven yen but…
Market Analysis
December, 2021
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23 December 2021 4:15 pm
US Stock Futures Are Rising
US stock index futures rose in Thursday morning’s trading to offset yesterday’s losses. This rise in US stocks came after the US Food and Drug Agency (USFDA) announced that it had granted emergency approval to a drug developed by Pfizer to treat people infected with the Coronavirus, which has a …
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23 December 2021 3:47 pm
The Turkish lira is Witnessing a Sudden Rise
The Turkish lira rose sharply today, Thursday, to succeed in descending below the 10.34 lira/dollar, while it is very close to the levels of 10. The Turkish lira jumped against the dollar during these moments by more than 11%, as it was seen at levels of 10.34 lira/dollar, which is …
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23 December 2021 2:14 pm
Oil Gives up Its Gains And Retreats
Oil gave up gains recorded earlier in the session on Thursday, and retreated, affected by some countries in the world imposing new restrictions on travel to limit the increase in infections with the Omicron mutant, but losses remained limited due to positive developments related to the pandemic. By 0810 GMT, …
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23 December 2021 12:20 pm
AstraZeneca Vaccine Booster Works Against Omicron
A three-dose course of AstraZeneca’s COVID-19 vaccine is effective against the rapidly-spreading Omicron coronavirus variant, the pharmaceutical company said on Thursday, citing data from an Oxford University lab study. The study, which has not yet been published in a medical journal, showed that levels of omicron antibodies after receiving the …
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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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