Daily Market Bulletin – 04 January 2022

Market Developments

Sentiment appeared mixed as investors digested news around Omicron, as well as tech scrutiny and upbeat PMIs from China.

Tesla started the year with an around 13% stock surge after blowout delivery figures and Apple briefly hit the $ 3 trillion market cap, setting new record highs above $182.

Main Asia-Pacific stock markets were mixed, unable to capitalize on the positive lead from Wall Street. European futures are upbeat, with London returning from the holidays.

The US Dollar is steadies after Monday's rally and main Commodity Currencies (AUD, NZD, CAD) are supported against it.

Instruments Snapshot

EUR/USD steadies around 1.1300, following yesterday's plunge.

GBP/USD stays on the back foot, trying to defend 1.3450, after its poor start to the year.

USD/JPY extends its gains to five year highs toward 116.00.

USD/CAD slides after Monday's rally and trades below 1.2750.

AUD/USD returns to profitable territory above 0.7200, after its poor start to the week.

NZD/USD finds support after Monday's drop, but remains capped by 0.6800.

GER30 extends its gains, trying to take 16,100 out.

US30 stays on the offensive above 36,600.

USOIL consolidates around $76/barrel.

XAU/USD finds support above 1,800 after yesterday's plunge.

Economic Calendar Picks (GMT)

More PMIs are expected today with readings from UK (09:30), Canada (14:30) and USA (15:00).

Markets also await Germany Unemployment (08:55) and US Jolts Jobs Openings (15:00).

Oil traders turn to the OPEC+ Ministerial Meeting to see if the group will stick to its output plan, while US API Stockpiles are due at 21:30.

See the economic calendar here.

Nikos Tzabouras

Senior Market Specialist

Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. He has a long time presence at FXCM, as he joined the company in 2011. He has served from multiple positions, but specializes in financial market analysis and commentary.

With his educational background in international relations, he emphasizes not only on Technical Analysis but also in Fundamental Analysis and Geopolitics – which have been having increasing impact on financial markets. He has longtime experience in market analysis and as a host of educational trading courses via online and in-person sessions and conferences.


Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.

Past Performance: Past Performance is not an indicator of future results.

Risk Warning: Our service includes products that are traded on margin and carry a risk of losses exceeding deposited funds, if you are a professional client. The products may not be suitable for all investors. Please ensure that you fully understand the risks involved.

${getInstrumentData.name} / ${getInstrumentData.ticker} /

Exchange: ${getInstrumentData.exchange}

${getInstrumentData.bid} ${getInstrumentData.divCcy} ${getInstrumentData.priceChange} (${getInstrumentData.percentChange}%) ${getInstrumentData.priceChange} (${getInstrumentData.percentChange}%)

${getInstrumentData.oneYearLow} 52/wk Range ${getInstrumentData.oneYearHigh}