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02.12.2021 Market Report


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.


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.


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. 


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.


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.


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.


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.


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. 


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

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