Market news – Week 5, December 2022

The threat of sanctions against Russia by the European Union for the ongoing war in Ukraine, plus reduced production in the US due to the weather pushed oil prices to a 3-week high.

Forex

英镑本周交易微幅下跌。 With the miss on the United Kingdom Gross Domestic Product (GDP), over both the year-on-year and quarter-on-quarter basis, the UK economy registered its first negative quarter of growth in 2022.

The Bank of England (BoE) is also facing a tough scenario due to strikes by the rail, maritime, and transport workers in the UK, contributing to lower household income while inflation continues to climb. The rising inflation may lead to the BoE ending rate hikes sooner than the US Federal Reserve, which may favour the US dollar in 2023.

A rebound in EUR/USD occurred after the euro registered small losses on Thursday, 22 December, climbing above $1.06. In its latest report issued on the same day, the Bureau of Economic Analysis (BEA) revised the annualised growth rate of the third quarter to 3.2% from 2.9% previously. 

针对乐观的BEA数据，美元对主要竞争对手加强，并推动EUR/USD走低。 由于交易条件在圣诞假期临近时变得疲软，EUR/USD未能获得足够的动力进行决定性移动。

利用最新的市场新闻改善交易策略，并在 Deriv X 账户交易差价合约。

Commodities

人们对黄金价格的持续上涨表示乐观，或者至少如果线圈市场保持稳定，黄金价格将维持横盘。 With the impending Christmas holidays, gold prices edged up on Friday, 23 December, supported by the lower-than-expected inflation data. Meanwhile, after a half-percent drop from October, the Personal Consumption Expenditures (PCE) index stood at 5.5% year-over-year. 

Russia warned on Friday, 23 December, that it might reduce oil production by as much as 700,000 barrels a day in response to sanctions against the country's crude by the European Union (EU).

尽管美国遭遇冬季寒流，但俄罗斯减少油产量的威胁超过了进入圣诞节的淡薄交易量。 On the Texas Gulf Coast, one-third of refining capacity has been shut down, while in North Dakota, up to 350,000 barrels of crude oil is being produced per day. 

The threat of sanctions against Russia and reduced production in the US helped oil prices rally to a 3-week high on Friday, 23 December, after rising for a second straight week. 尽管由于俄罗斯入侵乌克兰，油价波动较大，但原油价格仍在年终实现温和增长。

Cryptocurrencies

在一周的大部分时间里，加密货币价格基本保持稳定，缺少宏观触发因素加强了疲软的表现。 The global cryptocurrency market capitalisation stood at USD 811 billion on Sunday, 25 December.

Christmas has offered nothing for the Bitcoin bulls or bears, and cryptocurrency enthusiasts are growing increasingly tired as Bitcoin's price has plunged over 75% from its all-time high of $69,000 that it scaled last year. 

It is currently trading at $16,829 after reaching $16,907.50 on Tuesday, 20 December. Meanwhile, the world’s second-largest digital currency by market capitalisation, Ethereum, was trading at $1,218.21 at the time of writing. 

在FTX首席执行官Sam Bankman-Fried被起诉后，美国副检察长Lisa Monaco及美国司法部开始在93个美国检察官办公室建立专门知识，以加强加密货币执法法规，并通过一个由25名成员组成的国家加密货币执法团队协调这些努力。 FTX was one of the largest cryptocurrency exchange platforms before it imploded in November, leading to a crash in the prices of digital assets. The latest move to enhance regulations and accountability will likely strengthen trust in cryptocurrencies.  

通过更完善的交易策略，并在 Deriv Trader 以期权和 multipliers 交易 financial 市场以充分利用市场机会。

美国股市 

*净变化和净变动百分比基于周五至周五的每周收盘价变化。

Santa Claus seems to have evaded Wall Street this year as major US stock indices lacked the upward force that they are used to experiencing towards the end of each year. 

As traders hoped for a so-called Santa Claus rally to kick in, the S&P 500 ended the week down about 0.2% for the week and the Nasdaq lost over 2%, both indices recording a third consecutive week in the red. 然而，道琼斯工业平均指数是个例外，周涨幅为0.86%。

Several factors contributed to the underwhelming performance of the stock indices, however, the major factors are still inflation and fears of an impending recession, come 2023. Furthermore, the core Personal Consumption Expenditures (PCE) price index came in slightly higher-than-expected on a year-over-year basis. This is indicative of inflationary pressures on the stock indices. 

This December has marked an exception in equities as major indices have been weighed down by hefty declines in shares of Tesla, Amazon, and other big name stocks that had pushed markets higher in previous years. 

市场轨迹仍将由通货膨胀以及美联储是否比预期更早STP加息决定。 

了解了上周金融市场的表现以后，现在您可以改善策略并在 Deriv MT5 交易差价合约。