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Santa Claus Rally? Crude waiting on OPEC and Omicron.

   

Welcome to this week’s Market Blast Fundamentals.

Subscribe to Free Valutrades Signals at https://www.valutrades.com/en/trading-signals

I’m Brad Alexander and, on behalf of Valutrades, today we will take a look at Gold (XAUUSD), WTI (USOil), the NASDAQ (US100) and the DJIA (US30).

 

Every year, investors look for the “Santa Claus Rally” which, in theory, starts today.

The Santa Claus Rally is basically an optimistic buying period, during the last week of every year, where the indices rise.Screenshot 2021-12-27 at 10.45.06

Of course, there are no guarantees but we see that the S&P 500 has passed above resistance and might be heading back to its all-time highs.Screenshot 2021-12-27 at 10.45.19

Whereas, the Dow Jones Industrial Average still has some distance to cover, as does the NASDAQ.

We can see from the economic calendar and the earnings calendar that there are no important events that will affect the markets this week.

The only thing that might impede investor decisions is COVID Omicron, but we won’t have any important data about case rates and hospitalisation rates until after the holiday gatherings into January.Screenshot 2021-12-27 at 10.46.42

We see the price of Crude trying to break resistance but we expect a quiet week as we wait for the next OPEC meeting, 4 January, and also, data on COVID cases after the holidays.Screenshot 2021-12-27 at 10.46.50

Gold is also trying to break resistance, over $1800, but with quiet US Bond and FX markets this week, we don’t expect to see much movement until next week.

Thanks for watching and don’t forget to subscribe to Valutrades Signals and the link will be in this video’s description below.

Also, subscribe to our YouTube channel and register on the Valutrades website to get notifications on new content as it happens.

That’s all for now.  Happy trading with Valutrades and we will see you next time.

CFDs and FX are leveraged products and your capital may be at risk.27 December 2021 Fundamentals EN TN

 

Disclaimer:

The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice. If such information is acted upon by you then this should be solely at your discretion and Valutrades will not be held accountable in any way.

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