On December 7, the Reserve Bank of Australia published an official monetary policy statement. The announcement caused a recovery of the Australian Dollar's value. By 08:00 GMT, the AUD/USD rate had already recovered 39 base points or 0.55%.
During Monday's trading hours, the price for natural gas declined more than 10.00%, as the commodity reached July levels.
As a tech stock sell off took place during Monday's US trading hours, the stock price for Nvidia declined additional 8.12% or $24.88. The share price extended the 5.78% Friday's decline.
HIS Markit Flash Composite Purchasing Managers Index results have revealed that Eurozone business growth is expected to accelerate. Survey results in November increased to 55.4 points, compared to 54.2 in October.
During Monday's trading hours, the price for natural gas declined more than 9.00%, as the commodity reached July levels.
Data published on Friday revealed that Eurozone retail sales grew in October by 1.4% on an annual basis due to non-food purchases.
On Friday, the President of the European Central Bank Christine Lagarde stated to Reuters that in December the ECB would only set short term policy.
Google announced on Friday that the company would delay its employee mandatory return to the office beyond January 10.
At the start of Friday's US trading hours, the stock price of Alibaba extended its decline, as the stock price started the day by plummeting nearly 6.00%. The share price of the company reached a low level not seen since April 2017.
On Thursday, the German government implemented coronavirus restrictions on the unvaccinated, as the new Omicron variant spreads.
At 13:30 GMT, the publication of the US monthly employment data caused a 40 base point spike on EUR/USD charts. In general, the value of the USD dropped on all USD involved pairs and commodity price charts.
The Bank of America has revealed to the public that US Treasuries have experienced their biggest inflows since October 2020.
During the prior week, the number of new US weekly jobless claims increased 28,000. However, continuous claims decreased by 107,000.
OPEC+ countries agreed this week that in January the group of countries would add additional 400,000 barrels to daily oil production.
On Tuesday, November 30, the stock price of Alibaba passed the 2018 and 2019 low levels at $129.70.
During Thursday's trading, the prices for crude oil reached the $62.20 zone, which marks the start of the May and August low level zone of $61.80/$62.20.
On Thursday, the stock price of Grab jumped by 18%, as the stock began to trade in the US markets.
By the start of Thursday's US trading, the prices for crude oil reached the $62.20 zone, which marks the start of the May and August low level zone of $61.80/$62.20.
The CEO of Stellantis, Carlos Tavares, stated this week that due to pressure to develop electric vehicles, automakers would cut costs on quality and workforce.
This week, the OECD announced that too high inflation would be the main risk to the global economy in 2022 and 2023.
On Wednesday, the US Treasury Secretary Janet Yellen stated to the US Senate that the US $1.9 billion stimulus plan caused an increase of demand, but was a minor contributor to inflation.
On Thursday, the price for natural gas reached into levels not seen since July, as the commodity touched the $4.10 level.
This week, the Chairman of the US Federal Reserve Jerome Powell stated that wages in the US are rising at a pace, which would not create inflation.
During Wednesday's US trading hours, US stock indices recovered, as the previous Omicron driven sell-off appeared to have ended.