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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Global Markets in Turmoil as Conflict Clouds Investor Confidence
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Gold Caught Between War Fears and Market Reality
Gold prices struggled to gain momentum on Tuesday as investors weighed conflicting signals surroundi…
U.S. Business Activity Slows to 11-Month Low as Iran War Fuels Inflation Pressures
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U.S. Futures Slip as Middle East Tensions Keep Markets on Edge
U.S. stock futures edged lower on Tuesday as investors weighed escalating geopolitical risks against…
Bitcoin Climbs on De-Escalation Hopes, Strategy Buying Plan Adds Support
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Trump Delays Iran Strikes, Signals Oil Price Drop as Markets Rally on Deal Hopes
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European Stocks Rise as Markets Weigh Iran Conflict and Oil Volatility
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Gold Extends Losing Streak as Rate Fears and Strong Dollar Weigh
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Oil Rebounds Sharply as Iran Denies Talks, Supply Risks Intensify
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Market Analysis
December, 2021
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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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29 December 2021 2:03 am
Gold Price Scales 1-Month High On Back Of Inflation Concerns
Gold prices scaled a one-month high on Tuesday as recent signs of rising inflation reinforced demand, although the safe-haven metal gave up some early gains due to a stronger US dollar.Gold dropped slightly by 0.2% to $1,807.21 an ounce by 2:40 p.m. ET, after hitting an intraday high of $1,819.85 …
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29 December 2021 1:49 am
S. Korea Business Confidence Surges To 5-Month High
The Business Survey Index, focusing on business conditions in the manufacturing sector in South Korea, rose to 95 in December of 2021 after three consecutive months steady at 90.The new figure is marking the highest level in the past five months. Meantime, the index measuring the outlook for January rose …
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29 December 2021 12:50 am
The Dollar Advances In Quiet Trading
The US dollar received some market’s attention in the American session, Tuesday afternoon, reaping daily gains against most major rival currencies.Wall Street opened with a firm tone and flirted with all-time highs, but turned lower soon afterwards, with major indexes ending the day mixed. In the absence of relevant news, …
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29 December 2021 12:37 am
Will Chinese GDP Surpass The US?
On the way to becoming a modern socialist country by 2035, and rich, powerful, and dominant by 2049, with the celebration of the one hundredth birthday of the People’s Republic, China aspires to claim proud rights as its GDP surpasses the United States, and project its power based on its …
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29 December 2021 12:03 am
Key Global Drivers Will Continue Pushing Commodities In 2022
A quick look at central bank and government policies in the wake of the pandemic will easily help conclude that there is a highly bullish trend for commodity prices. In early 2020, when the pandemic caused selling in markets across all asset classes, there was a warning that quantitative easing, …
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28 December 2021 10:47 pm
US Shares Slip Back From Session Highs
Receding Omicron-worries, signs of a bullish economy and positive seasonality are among bullish factors helping the shares market sentiment.The S&P 500 is trading flat on Tuesday following Monday’s stunning 1.4% surge, with the index falling back from earlier session record highs to the north territory of the 4800 level. The …
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28 December 2021 9:26 pm
Fed: Biden Considers Former Fed Governor Raskin For Vice Chair Of Supervision Role
US President Joe Biden is considering the nomination of former Fed board of governors member and former Treasury Department official Sarah Bloom Raskin for the role of vice chair for supervision of the banking system.For the other two board of governor seats that will some become available, Biden is reportedly …
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28 December 2021 8:19 pm
US Factory Activity Accelerated in December, Richmond Fed
Factory activity in the central Atlantic region of the US gained momentum in December compared with the previous month, according to a survey compiled by the Federal Reserve Bank of Richmond released Tuesday.The Fifth District Survey of Manufacturing Activity’s composite index increased to 16 in December from 12 in November, …
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28 December 2021 7:56 pm
Futures Point To Positive Open For Wall Street
On a quiet day of economic announcements, the investors are keenly observing factors impacting the stock markets, especially the spread of COVID-19 variant.Initial signs from the U.S. Futures Index suggest that Wall Street might open higher. Asian shares finished mostly up, while European shares are trading mostly positive.The Dow futures …
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28 December 2021 7:22 pm
WTI Back Above USD 76.00 As Traders Eying Omicron Risk
WTI trades above USD 76.00, supported as Omicron pessimism is in focus during Tuesday’s US session and amid supply outages.WTI only trades about USD 2.0 below pre-Omicron levels above USD 78.00, suggesting fears of economic disruption have generally been assessed.Oil prices have trimmed earlier gains with front-month WTI futures currently …
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28 December 2021 6:12 pm
Market Drivers – European Session 28-12-2021
The market was quiet due to the Christmas and New Year holidays. Gold traded in the morning hours at $1809 an ounce, adding nearly $10, while the dollar index is still low and is trading at 96 against a basket of foreign currencies. The US Treasury yields also recorded a …
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