Daily Market Bulletin – 24 January 2022
Market Developments
Investors are edgy after last week's risk aversion and the plunge in US stock markets, as they monitor Middle East and US-Russia tensions - with Wednesday's Fed monetary policy decision looming.
Fears over Ukraine continue to mount, with the US State Department ordering the departure from its embassy in Kyiv of all family members of US Government employees, while urging all US citizens currently in Ukraine to consider leaving. [1]
After last week's drone attacks, major oil producer United Arab Emirates, announced that it intercepted and destroyed two ballistic missiles targeting the country today, as per the Emirates News Agency [2]
Main Asia-Pacific stock markets were mostly down, while European futures try to react.
The US Dollar remains attractive and the JPY Basket is upbeat, whereas (AUD, NZD) are soft against the greenback.
Instruments Snapshot
EUR/USD retreats, having rejected 1.1350 during Friday's rebound.
GBP/USD is on the back foot and gives 1.3550 up.
USD/JPY trades with positive undertone, but rejects 114.00.
USD/CAD shows indecision below 1.2600.
AUD/USD extends its decline, probing 0.7150.
NZD/USD stays on the defensive, threatening the 2021 low (0.6700).
GER30 is cautious, testing 15,500 on the downside.
US30 rebounds above 34,400, following last week's slump
USOIL reclaims 85.50, helped by geopolitical tensions.
XAU/USD is on the offensive, eyeing 1,840.
Economic Calendar Picks (GMT)
It is PMI day today, with preliminary readings from Germany (08:30), Eurozone (09:00), UK (09:30) and USA (14:45).
Tuesday will begin with a focus on Australia's Q4 Consumer Price Index (00:30).
See the economic calendar here.
Nikos Tzabouras
Senior Financial Editorial Writer
Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. With extensive experience in market analysis and a strong foundation in international relations, he brings a unique perspective to financial markets. Nikos emphasizes not only technical analysis but also on fundamentals and the growing influence of geopolitics on financial trends.
As a Senior Financial Editorial Writer, he delivers comprehensive and forward-looking insights across a wide range of asset classes, including equities, commodities, and currencies. His work explores how macroeconomic events, political developments, and global policies impact market dynamics, providing readers with a deeper understanding of both short-term movements and long-term trends.
References
| Retrieved 24 Jan 2022 https://www.state.gov/senior-state-department-officials-on-posture-of-u-s-embassy-kyiv/ | |
| Retrieved 10 Apr 2026 https://www.wam.ae/en/details/1395303014136 |
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