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Market Analysis

December, 2021

  • 21 December 2021 11:53 pm

    WTI Crude Climbs Back to USD 71

    WTI crude futures jumped around 4% to above USD 71 per barrel on Tuesday, after falling more than 5% in the previous two sessions as traders reassessed the demand outlook amid rising Covid cases globally and fresh lockdowns in some countries. British Prime Minister Boris Johnson said he would tighten …

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  • 21 December 2021 11:37 pm

    US Natural Gas Rebounds From Near 5-Month Low

    US natural gas futures traded around $3.9 per million British thermal units in the third week of December, after hitting a near five-month low of $3.69 on December 17th, amid a surge in US exports and domestic forecasts for colder weather during the next month. The EU natural gas prices …

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  • 21 December 2021 10:53 pm

    US Shares Sharply Surge After Three Day Drop

    Markets staged a considerable comeback on Tuesday, with all three major averages up more than 1% as investors weighed news of federal involvement to mitigate Omicron and imminent authorization of an at-home Covid-19 treatment.In a turnaround from earlier losses, the Dow rallied more than 500 points during intraday trading, up …

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  • 21 December 2021 9:40 pm

    US GDP Above Pre-Pandemic Levels In 2021

    The pandemic remained a major force influencing growth in the US economy in 2021. But as vaccinations picked up and stay-at-home orders began to be lifted, the economy took considerable steps to recove throughout the year.Despite being behind pre-pandemic levels on many major metrics, on other metrics, and notably on …

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  • 21 December 2021 9:23 pm

    October Canada’s Retail Sales Stronger Than Expected

    Data released on Tuesday showed Retail Sales rose in Canada 1.6% in October, above expectations. According to analysts at the National Bank of Canada, the rebound at car dealers helps lift retail sales further above pre-crisis level. Analysts also see October’s retail sales report heralding a strong end of the …

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  • 21 December 2021 8:41 pm

    European Shares Surge On Vaccine-Related Hopes

    European stocks tracked a global market rebound Tuesday, boosted by hopes that vaccines will work to stem the tide of surging omicron cases. However, a brewing energy crisis appeared to loom with a key Russian pipeline reversing course and raising questions about whether politics were behind the reversal.The Stoxx Europe …

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  • 21 December 2021 7:44 pm

    Europe Alarmed By Looming Fifth Wave, Lockdowns

    UK Prime Minister Boris Johnson is set to make an announcement on whether or not England will go into a circuit breaker lockdown or not within the next 48 hours, according to The Sun newspaper. The UK government has so far resisted imposing new restrictions ahead of the holidays even …

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  • 21 December 2021 7:28 pm

    Eurozone Consumer Confidence Falls In December

    The Euro seemed to take a hit in wake of the day and EUR/USD fell to session lows. The Eurozone Consumer Confidence index fell to -8.3 in December from -6.8 in November according to the flash estimate released by the European Commission on Tuesday. That was below expectations for a …

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  • 21 December 2021 5:45 pm

    Oil Prices Rise Sharply

    Oil prices rose today, Tuesday, despite the continued concern of investors about the rapid spread of the Omicron virus globally, which prompted countries to consider more restrictions that are likely to affect the demand for fuel. Brent crude futures rose by $1, or 1.45%, to record in contracts for February …

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  • 21 December 2021 5:35 pm

    Canada: Retail Sales Rose in October

    According to a report released by the Statistics Canada on Tuesday, Canadian Retail Sales rose 1.6% MoM in October, more than the expected 1.0% rise and a sharp acceleration from September’s 0.6% MoM decline. To be updated…

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  • 21 December 2021 5:13 pm

    The Turkish Lira Rises 25% Against The Dollar, But Then Fell Slightly

    The Turkish lira jumped from very low levels, which it started trading yesterday, but quickly rebounded after Turkish President Recep Tayyip Erdogan introduced measures to protect savings in the local currency from such fluctuations. Under Erdogan’s plan, his government promised to guarantee deposits in lira, sending the currency up by …

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  • 21 December 2021 3:16 pm

    Gold is Trapped in a Narrow Range

    Gold prices remained in a narrow range during trading today, Tuesday, as the weak dollar faced a slight improvement in risk sentiment, while the high incidence of infection due to the Coronavirus “Omicron” remains a source of concern for investors. Spot gold rose 0.1% to $1,791.73 an ounce, while US …

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  • 21 December 2021 2:13 pm

    Market Drivers – Asian Session 21-12-2021

    This morning, the People’s Bank of China set the yuan’s exchange rate against the US dollar at 6.3729 yuan per dollar. At the same time, expectations were for the Chinese yuan to stabilize against the dollar at 6.3711 yuan per dollar, and it closed yesterday at 6.3933. Gold fell in …

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