Senator Joe Manchin’s opposition to the Build Back Better Act prompted Goldman Sachs to quickly dim its US economic outlook.The Wall Street firm told clients it no longer assumes President Joe Biden’s signature legislation will get through the narrowly divided Congress, citing the West Virginia Democrat’s announcement that he’s a …
Read More »SpaceX Nasdaq Debut Shakes Up IPO Market and Sets New Standard for Mega Listings
The debut of SpaceX on the Nasdaq delivered a strong sense of relief across financial markets, easin…
Boston Scientific Stock Outlook: Can Analysts’ Bullish Targets Survive Ongoing Growth Concerns?
Boston Scientific has come under significant pressure in 2026, with its stock losing more than half …
Key Assets’ Outlook: Central Banks Take the Spotlight as Currency, Gold, and Oil React
Global financial markets are heading into a pivotal week, with major central bank decisions expected…
US-Iran Peace Deal Nears Finish Line as Washington Signals Hormuz Reopening
Financial markets received a major boost after a senior US official indicated that Washington and Te…
Euro Holds Firm as Markets Await Iran Decision and Key Fed Signals
The euro traded in a narrow range against the US dollar on Friday as investors remained focused on d…
New Era: What to Expect from the Federal Reserve’s Leadership Shift
The Federal Reserve is set to enter a new chapter next week as it holds its first policy meeting und…
Yen Awaits Crucial Central Bank Week as Markets Brace for BoJ and Fed Decisions
The Japanese yen remained under pressure on Friday, with the US dollar trading near 160.20 yen as in…
Gold Caught Between Diplomacy and Inflation as Traders Await Iran Breakthrough
Gold prices steadied on Friday as investors waited for greater clarity on a potential agreement betw…
Bitcoin Edges Up 0.9% for Mild Weekly Recovery: ETF Exodus Slows but SpaceX and AI Rotation Keep Crypto Capped
Key Takeaways Bitcoin rises modestly: The world’s largest crypto gained 0.9% to $63,337.8 — up…
Dollar Drifts Lower as Iran Deal Optimism and Soft Core PPI Ease Rate Fears: Euro Eyes Best Week in a Month
Key Takeaways Dollar weakens: The DXY ticked 0.1% lower in London trade, stabilizing after sliding t…
Market Analysis
December, 2021
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20 December 2021 9:16 pm
US Shares Fall Amid Omicron, Stimulus Pessimism
US shares are lower on the first trading day of the new week. The S&P 500, Nasdaq 100 and Dow all down more than 1.0% on the session. Shares’ performance comes amid fears about the rapid spread of the Omicron.The S&P 500 gapped below the 4600 level on Monday and …
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20 December 2021 7:54 pm
GBP/USD Surges Despite UK Coronavirus Outbreak
The GBP/USD pair has reclaimed the 1.3200 figure as US Treasury bond falls despite coronavirus outbreak in the United Kingdom.The British pound recovers from earlier losses and is able to reclaim 1.3200 amid global concerns on the Omicron variant, and surprising resignations over negotiations with the EU, as British negotiator …
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20 December 2021 7:20 pm
Why Did China Cut Interest Rate In December?
China’s central bank cut its main interest rate for the first time in 20 months, as authorities step up efforts to boost the economy that has been hit by pandemic-related curbs, a real estate slump and an unprecedented crackdown on private enterprises.The People’s Bank of China on Monday lowered its …
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20 December 2021 5:41 pm
Dollar Settled And High-Risk Currencies Decline Due to Omicron’s Fears
Currencies including the Australian dollar and the British pound fell on Monday amid fears that further restrictions may be imposed in Europe to contain the mutated Omicron from the coronavirus. Investors shifted their focus to the potential impact of the rapid spread of the new mutation after the Netherlands imposed …
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20 December 2021 4:30 pm
OPEC + Compliance to Cut Production Rose to 117% in November
A report indicated that the compliance of “OPEC+” with the agreement to cut production in November amounted to 117%, which is a level higher than the 116% recorded in the previous October. These data indicate that the Group’s production levels are still below the agreed targets. The sources also told …
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20 December 2021 2:58 pm
The Turkish Lira Fell to a New Low
The price of the US dollar rose against the Turkish lira by about 6% in today’s transactions, to record the Turkish currency’s new low at 17.41 lira to the dollar. The prices of the Turkish currency are affected as a result of the inflation that Turkey is currently witnessing, which …
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20 December 2021 2:24 pm
European Shares Drop 2% on Omicron’s Fears
European shares fell amid a global sell-off as investors worried about the prospects of restrictions affecting the global economy with the increase in cases of the new mutated Omicron from the Coronavirus. The pan-European Stoxx 600 index fell 2.3 percent to its lowest level in more than two weeks. The …
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20 December 2021 1:26 pm
Gold is Hovering Near Its Highest Level in 3 Weeks Due to Omicron
Gold prices stabilized on Monday, approaching three-week highs recorded last week, as fears of the rapid spread of the mutated Omicron from the Coronavirus boosted the appetite for buying the precious metal as a safe haven for value. And gold settled in spot transactions at $ 1798.60 an ounce by …
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20 December 2021 12:21 pm
Japanese Shares Close 2% Lower on Omicron, China Rate Cut
Japanese stocks closed sharply lower on Monday after China’s cut in its lending rate failed to lift investor sentiment while the spread of the mutated omicron from the coronavirus continues to raise fears of an economic slowdown around the world. The Nikkei average fell 2.13 percent to close at 27,937.81 …
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20 December 2021 11:05 am
China’s Oil Imports From Saudi Arabia Fell 13% YoY in November
Higher Saudi prices for January delivery, lower overall demand for crude amid the Omicron uncertainty, the Chinese crackdown on illicit practices at its independent refiners, and refinery maintenance season starting in late Q1 2022 have resulted in Asian refiners abstaining from extra Saudi crude supply for loading in January.Refiners in …
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20 December 2021 10:24 am
Oil prices fall due to the spread of Omicron
Oil prices fell more than 2% on Monday, as rising omicron infections from the coronavirus in Europe and the United States fueled investor fears that new business restrictions to combat its spread could slash fuel demand. Brent crude futures fell $1.92, or 2.6 percent, to $71.60 a barrel by 0436 …
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20 December 2021 4:57 am
Weekly Recap 13 – 17 December
It has been a big week for a number of major central banks worldwide. Central banks continuing to raise interest rates in an effort to tame inflation, largely dismissing for now the threat to economic growth posed by the spread of the Omicron variant. On ‘Super Thursday’ for central banks, …
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