News, Trends, & Analytics 12.11.2021

USD Highs

Today the focus is on Eurozone growth, slipping oil prices, & USD highs.



15:00 UTC

The US JOLTs Job Openings for September will be released. Forecast: 10.300M If the data is lower than predicted the USD could see some negative pressure.

Assets to trade: USD/JPY, EUR/USD, USD/SGD



The eurozone economy will grow faster than previously expected this year as it recovers from the pandemic-induced recession and continue to expand strongly in 2022 with deficits and public debt falling, the European Commission forecast on Thursday. Affects EUR

The dollar hit a 16-month high on Thursday and bond market borrowing costs were nudging up again, after the strongest US inflation reading in over three decades fuelled expectations of Federal Reserve interest rate hikes next year. Affects USD

Oil prices dropped to $82 a barrel on Thursday, extending sharp falls triggered by concerns that rising US inflation could prompt Washington to release more strategic crude stockpiles to drive down prices. Affects Brent

Companies in North America added a record number of robots in the first nine months of this year as they rushed to speed up assembly lines and struggled to add human workers. Affects S&P 500

Inflation pushed more broadly through the US economy in October again challenging the Federal Reserve’s outlook for only “transitory” price increases, offsetting recent wage hikes in a blow to consumers, and prompting investors to boost bets the central bank will raise interest rates sooner than expected. Affects USD


Technical Analysis


The US economy is seeing inflation at 30-year highs which are stoking fears of a coming rate hike. However, coupling that fear with very real supply and staffing issues, somehow the dollar is hitting 16-month highs.

The pair has shown a Bearish Engulfing pattern, but the trend may lose momentum as it tests its support level.


The pair has been on a slow decline, showing a Three Outside Down pattern before test its latest support level.


The precious metal has shown a strong uptrend that is meeting its resistance level and may have the momentum to pass it.

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