On this the last day of the year, here is a quick look at the key market indicators that are signposting the way into 2022:
10 Year US Treasury yields 1.50%
Oil-WTI-$76.02 on hopes that the virus will not hospitalise the numbers feared
Gold-$1817
FTSE at 7403-80 points below the high of 2021
S&P 500 4778-an all time high
USD/JPY 115.05-a move away from safe haven JPY
EUR/USD 1.1305
GBP/USD 1.3505-GBP at a 6 week high
Many things have happened in previous years on this, the last day of the year, but let’s go back to 1968 in honour of The Monkees who released their version of this song written by Neil Diamond, which went to Number 1 and stayed there for 17 weeks- not much else happened pop wise in q1 1969 which is why we remember that fact:
I thought love was only true in fairy tales
Meant for someone else but not for me
Love was out to get me
That’s the way it seemed
Disappointment haunted all of my dreams
Then I saw her face, now I’m a believer
Not a trace of doubt in my mind
I’m in love
I’m a believer, I couldn’t leave her if I tried
I thought love was more or less a giving thing
Seems the more I gave the less I got
What’s the use in tryin’
All you get is pain?
When I needed sunshine, I got rain
Then I saw her face, now I’m a believer
Not a trace of doubt in my mind
I’m in love
I’m a believer, I couldn’t leave her if I tried
Oh
Oh, love was out to get me
Now, that’s the way it seemed
Disappointment haunted all of my dreams
Then I saw her face, now I’m a believer
Not a trace of doubt in my mind
I’m in love
I’m a believer, I couldn’t leave her if I tried
Yes, I saw her face, now I’m a believer
Not a trace of doubt in my mind
Said, I’m a believer, yeah, yeah, yeah, yeah, yeah, yeah (I’m a believer)
Said, I’m a believer, yeah (I’m a believer)
I said, I’m a believer, yeah (I’m a believer)
Have a Great Weekend plus a Very Happy New Year and a Fabulous 2022!
Discussion and Analysis by Humphrey Percy, Chairman and Founder
Click Here to Subscribe to the SGM-FX Newsletter
Related Insights
Daily Brief – Battle of the banks
Charles Porter
Thu 2 Apr 2026
Battle of the banks Market volatility continues amidst unclear messaging from both sides of the conflict in Iran. The President’s position has continued to flit between seemingly concrete positions of absolutely tangible progress and bombing the nation back ‘to the Stone Ages’. Since the start of the war, smarter money has acknowledged that predicting the […]
Daily Brief – Questioning Truth
Charles Porter
Tue 24 Mar 2026
Questioning Truth Adopting the same handle as his now rather redundant X account, @realDonaldTrump shocked markets yesterday using his own social media platform, Truth Social. During Trump 1.0, the legitimacy of a President using an unofficial X, then Twitter, account was questioned. Now under Trump 2.0, it’s seldom questioned when he is the majority shareholder […]
Daily Brief – No rush
Charles Porter
Tue 31 Mar 2026
No rush The President’s claims of an imminent end to the war are being undermined by Iran’s refutation that such talks have occurred. Trump in turn has continued to extend and extend a deadline for Iran to come to the negotiating table only to be scorned by news outlets in Iran, presumed to speak on […]
