Market Update – December 24 – The Santa Rally arrived
By Fri, 24 Dec 2021

Wall Street’s main indexes posted solid gains for a third straight session on Thursday, with the S&P 500 marking a record-high close, as encouraging developments gave investors more ease about the economic impact of the Omicron coronavirus variant. – RTS

  • USD (USDIndex 96.00) weakened again and is having its worst week since September.   US stocks rallied again to new highs, Yields also rose; USOilGold both held on to healthy gains. Risk on for Santa as strong US data and good Omicron news lifted sentiment. Asian markets grind higher again.
  • US Yields 10yr traded closed at  1.4903%,  having breached 1.50%  
  • EquitiesUSA500 +29 (+0.62%) at 4725 (0.5% above key 4700)  NASDAQ +085%, #TSLA +5.76%  Eli Lilly +2.48%, PFE -1.41% – For the week, the S&P 500 rose +2.3%, the Dow gained about +1.7% and the Nasdaq climbed +3.2%. S&P Futures were up 0.66%. 
  • USOil – rallied again $73.54, before settling at 73.32
  • Gold – spiked to $1810 on the weaker USD, and holds at 1808
  • Bitcoin rallied +4.5% with the risk-on mood, breaching 50k and trades at 51k now
  • FX marketsEURUSD 1.1325, USDJPY holds up at  114.34, Cable breached  1.3400 and trades at 1.3410 now.

Today Germany closed today & Monday, UK Half-day today and closed Monday & Tuesday. US markets closed today re-open until Monday.

 

Biggest FX Mover @ (07:30 GMT) NZDJPY (+0.46%) Continues the rally from Tuesday as JPY weakens on budget announcements, breached 78.00 now. MAs aligned higher, MACD signal line & histogram higher, RSI & Stochs  OB, H1 ATR 0.112 Daily ATR 0.7500.