Daily Analysis 30/12/2022

While there was no important data flow announced yesterday on the European front, developments regarding the agenda were followed. Applications for unemployment benefits in the USA increased by 9 thousand in the week ending December 24, in line with the expectations, to 225 thousand. Despite the limited increase, applications were recorded close to historical lows. Towards the end of the year, volatility increased on the dollar index and bond front, while the positive trend in the parity continued.

We left behind a quiet day in terms of data flow in the UK. On the US side, applications for weekly unemployment benefits were followed. Unemployment benefits in the country increased by 9 thousand in the week ending December 24, in line with the expectations, to 225 thousand. Despite the limited increase, applications remained at historically low levels. The data shows that the labor market remains strong against the aggressive Fed. Mortgage rates in the country rose to 6.42% for the first time after a 6-week decline. While there will be an early closure in the UK today, there are no significant data flows to be announced in the US.

Due to the last week of the year, there was no significant data flow announced in the markets. While this causes pricing to be more cautious and flat, we observe that the risk appetite abroad is not very strong. Although the US stock markets made up for their losses yesterday, they had a volatile performance during the week. Today is the last trading day of the year and there is no important data to be announced. Ounce gold is priced below this level, although it has risen to the level of $ 1830 during the week. It is noteworthy that the cautious course for ounce gold is maintained. Unless there is a possible development in today, ounce of gold can be expected to maintain its cautious course.

S&P 500 index closed yesterday at 3,848 with a limited loss of 0.01%. Volatile trends were observed in global markets during the week. Risk appetite was not very strong. Yesterday, it was seen that the losses were compensated in the US stock markets. US futures are trading mildly this morning. As this week is the last week of the year, the data calendar was quiet and secondary level data followed in the US. For this reason, it was seen that the effect of the data on the stock markets was limited. Today is the last trading day of the year and there is no important data flow to be announced. Even if there is volatility in the indices during the day, it may be difficult to talk about a new movement in particular today. Cautious cruises can be followed.