Daily Market Bulletin – 30 December 2021

Market Developments

Investors seem more reserved after yesterday's risk-on mood, as they monitor news around Covid-19 and China's property market.

WHO Director-General Tedros Adhanom Ghebreyesus warned yesterday, that "Delta and Omicron are twin threats that are driving up cases to record numbers" [1].

Main Asia-Pacific stock were mixed, European futures are subdued and US 10YR Yields slide after Wednesday's surge.

The US Dollar attracts buyers and main Commodity Currencies (AUD, NZD, CAD) give up earlier gains against it.

Instruments Snapshot

EUR/USD drops back towards 1.1300, following Tuesday's advance.

GBP/USD retreats towards 1.3450, after setting December highs at the start of the day (1.3505).

USD/JPY extends its December highs past 115.00.

USD/CAD moves to the offensive and reclaims 1.2800.

AUD/USD is mixed as it erases earlier gains and breaches 0.7250 on the downside.

NZD/USD is soft after rejecting 0.6850 earlier.

GER30 is tepid above 15,800.

US30 is soft below yesterday's all-time highs (36,604).

USOIL is subdued and capped by $77/barrel.

XAU/USD stays on the back foot below 1,780.

Economic Calendar Picks (GMT)

US weekly Jobless Claims stand out today (13:30), while tomorrow, various stock markets will not open or close early, due to new Year's Eve.

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.



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