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Market Analysis

December, 2021

  • 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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  • 18 December 2021 3:37 am

    Market Drivers – US Session – 17-12-2021

    Gold futures climbed back above the $1,800 mark on Friday to post their highest settlement in nearly four weeks. The precious metal’s rise above the key $1,800 level appears to be driven by broad capital flows leaving risk markets and moving into defensive havens such as gold.Gold (XAU/USD) advances for …

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  • 18 December 2021 3:17 am

    US Bond Yields Fall, Curve Slightly Flattens

    US Treasury bond yields were lower on Friday, though off session lows, as traders assessed the recent hawkish Federal Reserve stance as the central bank tries to balance rising inflation against the economic toll of the Omicron coronavirus variant.Yields edged up in the short end, overall flattening the curve after …

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  • 18 December 2021 2:42 am

    Oil Prices Impacted By Omicron, More US Drilling Rigs Reported

    Oil prices continued to trade lower in Friday dealings, with January West Texas Intermediate crude down $1.43, or 2%, at $70.95 a barrel on the New York Mercantile Exchange. Crude oil prices fell on Friday and were also down on the week as surging cases of the Omicron coronavirus variant …

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  • 18 December 2021 2:19 am

    US Dollar Index Breaks Above Towards 98.00

    The US Dollar Index ended the week above the 96.50 threshold. The US 10-year Treasury yield finished down, at 1.412%. DXY Technical outlook: Breaks above the ascending triangle, USD bulls target 98.00. The US Dollar Index, also known as DXY, which measures the greenback’s performance against a basket of six …

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  • 18 December 2021 1:40 am

    EUR/USD Falls Post-Fed, ECB Policy Meetings

    The US central bank doubles its QE reduction to USD 30 billion, eyeing three rate hikes in 2022. The ECB announced a “hawkish” hold, PEPP to end in March as scheduled.On Friday, the EUR/USD plunges during the New York session, trading at 1.1237, down by 0.85%. The market sentiment is …

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  • 18 December 2021 1:07 am

    Hot inflation, Omicron, Withdrawn Stimulus Shaping Economic Outlook For 2022

    The US economy is expected to slow in 2022 in comparison to 2021, but economic growth will continue at a pace that is above average. Consumers have powered the economic recovery since mid-2020 and that will continue in the coming year.Consumer spending is expected to rise another 4% to 5% …

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  • 18 December 2021 12:24 am

    USD/CAD Surges as Hawkish Fed’s Waller Spurs USD Gains

    The USD/CAD pair is approaching 1.2900 after hawkish comments from Fed member Waller, who said that March meeting was live. A break above 1.2900 would likely open the door to a test of the initial post-Fed meeting highs near 1.2940.Some had thought that this week’s rollercoaster ride in Forex markets …

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  • 17 December 2021 11:18 pm

    Gold Prices Moved By Keener Risk Aversion On Friday

    Gold futures climbed back above the $1,800 mark on Friday to post their highest settlement in nearly four weeks. The precious metal’s rise above the key $1,800 level appears to be driven by broad capital flows leaving risk markets and moving into defensive havens such as gold. Gold (XAU/USD) advances …

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  • 17 December 2021 11:06 pm

    Waller: Accelerating Taper Meant To Make March Fed Meeting Live

    FOMC minutes

    Fed Board of Governors member Christopher Waller said on Friday that the whole point of the Fed’s decision to accelerate the pace of its QE taper was to make the March Fed meeting “live” for a first rate hike. Under his base case scenario, a first rate hike in March …

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  • 17 December 2021 10:02 pm

    USD/CHF Pares Thursday’s Losses, Reclaims 0.9200 Figure

    The US dollar recovers some of Thursday’s losses against the Swiss franc. The pair climbs above the 100, and the 50-day moving averages (DMAs) trading at 0.9227 during the New York session. Financial markets risk-aversion favors the US dollar safe-haven status, to the detriment of the Swiss franc.In the bond …

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