Pre Loader

02.12.2021 Market Report

EUR/USD

Ahead of the European day on Thursday, the EUR/USD is hovering around 1.1320.

Regarding the euro, traders should consider the release of Unemployment Change in Spain and the data from Eurostat’s which will be released later today, the Producer Price Index and the monthly Unemployment Rate. 

As for the US Dollar, traders should keep an eye on the US Treasury Secretary Janet Yellen speech at 14:00 UTC and the FOMC member Thomas Barkin speech at 16:30 UTC.

GBP/USD

The GBP/USD pair fell a few pips from its Asian session high and was last seen trading slightly around 1.3300, up roughly 0.10 % on the day.

USD/JPY

During the early European session, the USD/JPY pair extended its intraday gains and rose to a new daily high above 113.25.

Today, investors of the USD/JPY pair should take into consideration, the Bank of Japan’s Monetary Base report released early morning, and the Consumer Confidence data survey which is released monthly by the Cabinet’s Office. 

AUD/USD

Ahead of the European session, the AUD/USD pair is trading near an intraday low of 0.7094, on Thursday.

The Australian Bureau of statistics will release later today the Balance of Trade report, Home Loans MoM and Retail sales, while by the end of the day, at 22:00 UTC the Markit Services PMI Final will be released by Australian Industry Group.

NZD/USD

Heading into the European session, the NZD/USD pair has surrender some of its modest intraday gains and is now hovering around the 0.6800.

USD/CAD

During the early European session, the USD/CAD pair hits intraday lows around 1.2797, down 0.18 % daily. Despite this, the pair is up for the eighth week in a row.

USD/CHF

During early Thursday, the USD/CHF continues intraday lows to 0.9193, down 0.16 % on the day. Investors of the Swissy should keep an eye on the Real Retail Sales release by Switzerland’s Federal Statistical Office.

CRUDE OIL

On Wednesday, according to CME Group’s flash data for crude oil futures markets, traders reduced their open interest positions by roughly 18.4K contracts. As a result, volume fell by roughly 223.5K contracts as a result.

Today, meetings between the Organization of Petroleum Exporting Countries (OPEC) and the Joint Ministerial Monitoring Committee (JMMC) will be happening all day. 

GOLD

Ahead of Thursday’s European session, gold (XAU/USD) pares intraday losses around $1,770.

Any information provided therein are indicative and subjective to the technical analysis method or trading patterns used and the timing of their release. Those are provided as general market information and/or market commentary and/or the publication of market/factual data and should not be construed as containing personal and/or other investment recommendation, and/or to be Investment Advice or independent Investment Research. As such, the legal and regulatory requirements in relation to independent investment research do not apply to this material and it is not subject to any prohibition on dealing ahead of its dissemination. For the full Risk Disclaimer click here.