My favourite take on omicron today came from Financial Times reporter John Burn-Murdoch: Later, Burn-Murdoch wrote about what he's seen and heard. It's an incisive article that ultimately does leave the reader with some cautious...
You have to squint, but gold is showing some signs of life as it recovers from the November swoon to $1770 from $1870. It's slowly crawled off the floor and is up to a one-week high of $1789 today, climbing $5 since the start of Asian...
GBP/USD 5M The GBP/USD pair also moved with a downward bias on Tuesday. Thus, both major pairs continue to slide down, that is, the US dollar continues to grow in them. And this is despite the fact that on Monday and Tuesday there were...
EUR/USD 5M The EUR/USD pair was trading with a downward bias on Tuesday. Volatility was about 70 points, which is quite a decent value for the EUR/USD pair. Thus, the quotes of the European currency are slowly continuing to decline,...
Today is the end of an era in Germany as Olaf Scholz is expected to take the office of chancellor in the first transition since 2005. The 16-year matches the reign of Helmut Kohl, who left office in 1998. Her signature accomplishment was...
BOJ will continue with powerful easing to achieve goals There's no need for BOJ to modify massive monetary policy easing BOJ ready to ease further without hesitation as neededEconomy has stagnated but expected to show clearer...
The market has suddenly taken a more-benign view on the omicron variant, concluding that while it's likely more contagious, it also appears to be less severe. Whether that data holds up will keep the market guessing for weeks but if it...
The early tone in Asian markets hasn't been great as the yen rallies and oil slips. JPY is the best performer in the first hours of trading, rising by as much as 25 pips against both NZD and GBP. The yen gains extended after a poor...
Prior was +1033.7B Estimates ranged from +916B to +1528B Trade balance -186.8B vs -450.3B expected The trade numbers are a tailwind for the yen and will continue to be as it remains depressed. Japan trade balance
Japan's economy contracted in Q3 on covid disruptions in a sign that it will be long struggle to ever raise interest rates. GDP annualized -3.6% vs -3.1% expected (first estimate was -3.0%) Private consumption -1.3% vs -1.1% prelim...
On Tuesday evening, Bitcoin looks technically very good, which is especially pleasing. According to Santiment, analytical data on the main cryptocurrency show that the recovery, during which Bitcoin rose to $ 52,000 per coin, is...
The manufacturing Tankan from Reuters hit +22 from +13 a month ago in a climb to the best level in four months. The non-manufacturing index rose to +6 from +1. That's the best in 22-months but likely doesn't fully capture the worries...
Testing picked back up in South Africa yesterday, leading to a jump in cases but the percentage of positive cases ebbed slightly in what could be an encouraging sign. 23 Nov: 605 24 Nov: 1018 25 Nov : 1950 26 Nov : 2173 27 Nov : 2629 28...
The UK government is drawing up plans for a work-from-home order over Christmas as PM Boris Johnson hopes to slow the spread of omicron, according to the Telegraph. Officials working on Covid policy have carried out modelling on the...
US National Security Advisor Sullivan: Main topic of discussion with Putin/Biden was Ukraine US consumer credit $16.9 billion versus $24.9 billion estimate Kremlin comments on Biden/Putin virtual meeting today WTI crude oil futures...
In the aftermath of the release, oil prices are ever-so-slightly lower. US API CRUDE OIL STOCK CHANGE ACTUAL -3.089M (FORECAST 2.093M, PREVIOUS -0.747M)— Fast Stock Market News (@faststocknewss) There's no word yet on products but there...
The greenback started the new week on a positive note. Following the results of yesterday's trading, the dollar rose by more than 0.2% against the euro due to some easing of concerns about the possible consequences of the new COVID-19...
The threat of the spread of Omicron has faded into the background. On the contrary, there were hopes that the new strain would act as a light at the end of the coronavirus tunnel. The mutation made it less dangerous, although more...
Analysis of previous deals: 30M chart of the GBP/USD pair The GBP/USD pair was trading lower on Tuesday. However, the very nature of the movements, as in the case of the EUR/USD pair, was far from ideal. Problems started on the 30-minute...
Bitcoin bull and InTheMoneyStocks chief market strategist Gareth Soloway predicted that bitcoin would still hit the $100,000 milestone, but said it could reach that level in 2023. The analyst stated that bitcoin is still ready for a...