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December, 2021

  • 21 December 2021 11:42 am

    Consumer Confidence in Turkey Fell to a Record Low in December

    Turkish consumer confidence fell 3.1 percent to 68.9 points in December, official data showed on Tuesday, hitting its lowest level since records began in 2004. Confidence fell to its lowest level last year due to the Coronavirus pandemic, before the rally that began in October of this year. A confidence …

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  • 21 December 2021 10:56 am

    Turkish Lira Rises 7%

    The Turkish lira rose 7 percent on Tuesday after a historic rebound of 25 percent on Monday from record lows, after President Recep Tayyip Erdogan unveiled a plan he said would protect local currency deposits from market volatility. The currency fell and then rose in turbulent trading to record 12.21 …

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  • 21 December 2021 4:19 am

    Market Drivers – US Session – 20-12-2021

    The US Congress, Monday, approved legislation to raise the debt ceiling by $2.5 trillion, in a move that is described as preemptive to any threat of a federal default until at least 2023. The federal government has never defaulted on debt payments.One Republican and all Democrats in the House voted …

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  • 21 December 2021 4:02 am

    What To Expect From RBA’S Meeting Minutes

    RBA will publish its December policy meeting minutes on Tuesday. The minutes are expected to offer more detail on the discussion on bonds buying and the timeline for rate hikes.RBA officials argue a rate rise is unlikely until at least 2023, but markets are betting on a move as early …

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  • 21 December 2021 3:21 am

    Does Tesla Risk Losing Market Dominance?

    Tesla slid 3.5% on Monday, closing at USD 899.94. That put the shares below where they had closed right before the $4.2 billion Hertz deal was revealed on 25 October.The shares which peaked on 4 November was down 21% in December, poised for the worst month since the pandemic erupted.Hertz’s …

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  • 21 December 2021 2:56 am

    Oil Prices Drop As Omicron Dampens Fuel Demand

    Oil prices slumped on Monday as surging cases of the Omicron coronavirus variant in Europe and the United States stoked investor worries that new restrictions to combat its spread could dent fuel demand.Brent crude futures fell $2, or 2.7%, to settle at $71.52 a barrel, while US WTI crude futures …

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  • 21 December 2021 1:22 am

    Congress Passes Measure to Raise Debt Ceiling Till 2023

    The US Congress, Monday, approved legislation to raise the debt ceiling by $2.5 trillion, in a move that is described as preemptive to any threat of a federal default until at least 2023. The federal government has never defaulted on debt payments.One Republican and all Democrats in the House voted …

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  • 21 December 2021 1:11 am

    AUD/USD Experiences Downward Bias Despite Risks

    The Australian dollar drops as the Wall Street session approaches the end, down BY 0.14%. The US 10-year Treasury yield has reclaimed the 1.40% threshold, underpinning the US dollar.During the New York session, the AUD/USD edges lower, trading at 0.7111. The market sentiment remains downbeat because of the Omicron outbreak …

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  • 21 December 2021 12:01 am

    Gold Heading To Support Territory Before Christmas

    The price of gold is down on the New York session by 0.35%. The price has fallen from a high of USD 1,804.17 to a low of USD 1,791.78 so far. Spot trades at USD 1,792 as it moves in toward what would be expected to be a strong area …

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  • 20 December 2021 10:44 pm

    Us Dollar Index Remains Steady Amid BBB Row

    The US Dollar Index, DXY, drops by 0.33%, settling at 96.48 during the day as the New York session. The market sentiment is relaxed, with major US shares falling between 1.51% and 2.86%.Factors like US President Biden’s failure to get his $2 trillion BBB project backed by Democrat Senator Joe …

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  • 20 December 2021 10:24 pm

    US Economic Forecast Cut After Biden’s BBB Rejected

    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 …

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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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