What you need to know to operate this Tuesday, December 14:
The major pairs oscillated between gains and losses in a risk-off environment, with the volatility moderate and confined to familiar levels, as market participants wait for the central bank announcements. The US Federal Reserve will announce its monetary policy decision on Wednesday, while the Bank of England and the European Central Bank will do the same on Thursday.
Concerns revolve around how the current Omicron outbreak may affect such decisions and world economic growth. Meanwhile, the UK reported the first death related to this variant.
The pair EUR/USD it is trading a handful of pips below the 1.1300 level, while the British pound fell against the dollar towards the 1.3200 region. Commodity currencies came under selling pressure as Wall Street fell, recovering modestly before the close. CHF and JPY as a safe haven change little against the dollar on a daily basis, cutting losses in the last trading session of the day.
The yield on 10-year US Treasuries peaked at 1.50%, but fell back to 1.41%, ending the day near the latter percentage.
The oro managed to advance, trading around $ 1,787 a troy ounce, while crude prices were weighed down by poor performance, and WTI closed the day at $ 71.00 a barrel.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.