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23.12.2021 Market Report


EUR/USD remains indecisive around 1.1340 after a three-day uptrend to refresh the weekly top. In doing so, the major currency pair portrays the market’s mood during early Thursday morning in Europe.


GBP/USD consolidates recent gains around the weekly top, down 0.10% intraday around 1.3350 during early Thursday.


Early Thursday morning in Europe, Bank of Japan (BOJ) Governor Haruhiko Kuroda crossed wires via Reuters. The policymakers initially defended the Japanese central bank’s currency monetary policy while citing inflation concerns. BOJ’s Kuroda then stated, per Reuters, “Japan’s economic recovery to accelerate next year.”


The AUD/USD pair reversed an early dip and was last seen trading near the monthly top, around the 0.7215-20 region heading into the European session.


NZD/USD has rallied this week so far and is showing little signs of retreating at this juncture. Should the bull stay in control into the holidays, it will leave a bullish foundation for the New year.


USD/CAD snaps a two-day pullback from the yearly top, up 0.09% intraday despite recently easing to 1.2840 ahead of Thursday’s European session.


USD/CJHF is trading at 0.9133 and flat in the day. The pair is in a daily consolidation between the 0.9190 and 0.9250s as risk appetite bounced back. Risk appetite remained strong on Wednesday as Omicron concerns continued to fade, lifting global equities.


WTI crude oil pierces $73.00 threshold to poke monthly high, flashed before two weeks, during Thursday’s Asian session.   


Gold grinds higher around the weekly top, rises for the second consecutive day. Optimism over US stimulus, Omicron studies favor bulls. The cautious mood ahead of US Durable Goods Orders, PCE Inflation for November joins China, White House updates to probe upside.

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