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Market Analysis

December, 2021

  • 17 December 2021 2:35 pm

    UK retail sales positively exceed expectations

    Data from the Office for National Statistics in Britain revealed that retail sales grew more than market expectations and recorded a positive reading for the second time in a row, as the retail sales index recorded a growth of 1.4%, compared to market expectations of a growth of about 0.8% …

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  • 17 December 2021 1:22 pm

    Oil Prices Are Heading Towards a Weekly Loss Due to The Uncertainty Related to Omicron

    Oil prices fell on Friday, heading towards a slight weekly loss, with an increase in infections with the new Omicron mutant from the Coronavirus, which reinforced fears of imposing new restrictions that may negatively affect demand for fuel, while the decline in the dollar supported commodity markets on a large …

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  • 17 December 2021 12:40 pm

    Gold Rises to $1809, Targets $1827

    Gold, XAU

    Gold prices are hovering around the top intraday, up 0.51% on the day near $1,809, as they brace for their biggest weekly jump in six ahead of Friday’s European session On the way to 1928. The yellow metal is cheering for a weak US dollar, buoyed by downbeat Treasury yields, …

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  • 17 December 2021 12:31 pm

    Record Decline of The Turkish Lira After The Interest Rate Cut

    The Turkish lira hit a record low against the dollar on Friday, a day after the central bank announced another interest rate cut as part of President Recep Tayyip Erdogan’s economic program. The lira was down 2 percent at 16 per dollar, compared to its close of 15.675 on Thursday. …

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  • 17 December 2021 12:29 pm

    Japan Shares Slide on Interest Rate Hike Fears

    Japanese stocks fell on Friday, reversing most of the gains made in the previous session, as investors became cautious about an interest rate hike after the US and UK central banks took steps to tighten monetary policy, while concerns related to the pivot Omicron weighed on travel-related stocks. The Nikkei …

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  • 17 December 2021 3:38 am

    Market Drivers – US Session – 16-12-2021

    Gold was among the best performers, advancing for a second consecutive day and currently trading around $1,795 a troy ounce. Crude oil prices were also up, with the barrel of WTI currently trading at $72.50. European indexes posted substantial gains, but Wall Street was unable to follow the lead, and …

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  • 17 December 2021 3:27 am

    Oil Extends Gains On Dropping Stockpile, Weaker Dollar

    Oil rose for a second day after the US reported the biggest crude stockpile drop since September while the dollar slipped.Futures in New York gained 2.1% on Thursday in a thinly traded session as a weaker dollar helped bolster the appeal of commodities. The price of WTI crude rose by …

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  • 17 December 2021 3:14 am

    Biden: Omicron is here and going to start spreading more rapidly

    “Omicron is here and going to start spreading more rapidly”, said US President Joe Biden while speaking from Roosevelt Room in the White House.US looking at a winter of severe illness and death for those not vaccinated against COVID-19. “It’s past time for people to get booster shots, which they …

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  • 17 December 2021 3:04 am

    Eurozone Bonds Quaked By Central Banks’ Moves

    Eurozone government bond yields rose on Thursday after the Bank of England delivered a surprise rate rise and the European Central Bank cut stimulus, but the bonds selloff was limited as the ECB pledged to continue monetary support in 2022.Bond yields, which move inversely to their price, shot up when …

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  • 17 December 2021 2:12 am

    Former Treasurer More Optimistic About US Economy In 2022

    Former US Treasurer Rosie Rios among the experts who sees brighter future for the US economy, this means good news for businesses and shoppers.“I’m much more optimistic about 2022 than I was about 2021,” Rios, who served in that role as part of the Obama Administration from 2009 to 2016, …

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  • 17 December 2021 12:49 am

    EUR/CHF Lower After SNB, ECB Monetary Policy meetings

    The EUR/CHF pair has reversed sharply back from earlier session highs in the 1.0460s territory and now trades in the 1.0410s.The pair is expe to move lower as a reaction to the Swiss/Eurozone inflation figures in the wake of ECB and SNB policy announcements.With the bears eyeing an imminent test …

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  • 16 December 2021 11:52 pm

    Pound Surging Higher On Surprise Rate Hike

    The British pound has skyrocketed during the trading session on Thursday against most currencies, and of course against the Japanese yen which was not an exception. There has been an overall risk on type of move for the session, and that will help this pair. It is worth noting that …

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  • 16 December 2021 11:29 pm

    US Trucking Action Plan Launched Amid Labour Shortage

    The White House will unveil its “Trucking Action Plan” on Thursday to address supply chain challenges that have plagued the US economy for several months.The plan is the product of the administration’s Supply Chain Disruptions Task Force, a group chaired by Commerce Secretary Gina Raimondo, Transportation Secretary Pete Buttigieg and …

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