US stocks closed higher again on further easing of concern over Omicron. The US$ is little changed but the main trading point to note is the relative strength with the commodity currencies. The Aussie and Kiwi are both looking rather supported.
US stocks have gained further on easing concern over the Omicron variant but one wonders if this will last? The US$ is little changed and that may remain the case until after Friday’s CPI or next week’s FOMC. The Aussie is staging a bit of a comeback though so watch for any mean reversion, even […]
US stocks staged a recovery on Monday following easing concern about the impact of Omicron. This situation remains rather volatile though and could easily swing back the other way so make sure to manage risk. The US$ is little changed and so the Forex charts have little changed as well. The RBA update rates today […]
Last week: Markets were rattled again last week following the emergence of Omicron in the USA and increased global spread of the variant and this was then compounded by Friday’s weaker than expected NFP jobs report. This resulted in a volatile week for stocks and so it is of no surprise to see the VIX […]
The US$ is little changed which has kept most Forex moves small and trading with little momentum but US stocks carved out a recovery last session. Some better Omicron news and upbeat weekly US payroll data helping to lift market sentiment during the US session. There is the monthly US NFP jobs report to monitor […]