Investors should keep an eye on price movements during U.S. trading hours in the middle of the last week of December

Investors should keep an eye on price movements during U.S. trading hours in the middle of the last week of December

29.12.2021

Yesterday, the three major U.S. stock indices saw mixed performance, with the Nasdaq falling for the first time in five trading days. It closed at 15,781 points, down 0.56% from the previous day. Following the previous day’s decline in U.S. stocks, the Nikkei 225 also fell by about 0.89% to the 28,800-yen level. The fear index (VIX) rose slightly to 17.5.

In the foreign exchange market, the Dollar Index is trading sideways around 96.1, and the U.S. dollar has shown little movement against the pound, with GBP/USD trading within a range of 1.341 to 1.346. On the 4-hour chart, GBP/USD appears to be trending upward, supported by the 20-period moving average; however, as the RSI is hovering near 70—a high level—we should be wary of a pullback following a correction.

Today, no economic indicators or key speeches are scheduled during European trading hours. However, once U.S. trading begins, the following releases are scheduled: U.S. wholesale inventories (flash estimate) at 22:30, pending home sales at 24:00, weekly crude oil inventories at 24:30, and a 7-year Treasury auction at 27:00.As liquidity tends to dry up toward the end of the year, we will closely monitor the situation to determine whether any sudden price movements will occur in the foreign exchange market before the new year.

Past Market Reports

1. 17.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

2. 16.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

3. 15.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

4. 14.04.2026New

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

5. 13.04.2026New

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

6. 10.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

7. 09.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

8. 08.04.2026

   Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?

9. 07.04.2026

   Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran

10. 06.04.2026

    Investors should be wary of sudden spikes in volatility while major markets are closed