Pre Loader

22.12.2021 Market Report


EUR/USD is retreating from 1.1300, snapping a two-day uptrend. Cautious mood revives the US dollar’s safe-haven demand, despite weaker yields. US inflation expectations recover ahead of GDP and Consumer Confidence data. Omicron news and Biden’s speech eyed as well.


GBP/USD is back in the red on Wednesday, reversing a part of the previous day’s rebound amid a worsening market mood.


USD/JPY pares intraday losses while bouncing off the daily low to keep the 114.00 threshold on the chart during early Wednesday. In doing so, the yen pair portrays the buyer’s indecision following the heaviest daily gains in over two weeks.


AUD/USD down 0.45% intraday, while flashing 0.7125 as a quote heading into Wednesday’s European session. The Aussie pair’s losses are the heaviest among the Group of Ten (G10) currency pairs.


NZD/USD drops 0.17% intraday, matching its Aussie counterpart, as sellers attack 0.6750 level during early Wednesday. The kiwi pair jumped the most among the G10 pairs, not to forget posted the biggest daily gains since late October.


USD/CAD extends pullback towards 1.2900 inside rising wedge.


USD/CHF remains firmer around 0.9245, 0.08% intraday ahead of Wednesday’s European session. The Swiss currency (CHF) pair rises for the second consecutive day while staying inside a short-term ascending triangle bearish chart pattern.


WTI bulls take a breather above $71.00 despite upbeat API oil inventories, EIA data eyed.   


Gold just below the $1,790 level on Wednesday. Market participants now look forward to the US final Q3 GDP print and the Conference Board’s Consumer Confidence Index.

Stay up to date with the important data releases and economic events happening daily through our  Economic Calendar.

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.