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Market Analysis

December, 2021

  • 23 December 2021 5:37 pm

    US Annual Core PCE Inflation Rises to 4.7% in November

    Inflation in the US, as measured by the Personal Consumption Expenditures (PCE) Price Index, rose to 4.7% YoY in November, the US Bureau of Economic Analysis reported on Thursday. That was above the consensus forecast for an inflation rate of 4.5% and marked a substantial acceleration from October’s inflation rate …

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  • 23 December 2021 5:21 pm

    Putin: Russia is Not Responsible For The Rise in Gas Prices in Europe

    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 …

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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

    AstraZeneca

    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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