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Yen slips to 5-year low

The Japanese yen continues its downswing early in the New Year. USD/JPY is trading at 115.95 in the European session, its highest level since January 2017. US Treasury yields weigh on yen The US dollar has brought in the New Year with a bang, rallying sharply against the major currencies.

Jan 04, 2022 by Kenneth Fisher

Oil edges up, gold vulnerable

Oil moves to the top of its range Oil prices edged higher overnight, Brent crude rising 1.25% to USD 78.90, and WTI climbing 0.85% to USD 75.95 a barrel. Diminishing omicron concerns have supported oil through the holiday period and the spectre of OPEC+ now looms over energy markets.

Jan 04, 2022 by Jeffrey Halley

US dollar rises sharply on higher yields

US 10-year bond yield boosts greenback The US dollar rallied sharply against the major currencies overnight as US 10-year bond yields surged back above 1.60%. The dollar index of major currencies rose sharply by 0.58% to 96.22 overnight, more than offsetting the previous day's falls and leaving major technical support at 95.50 intact once again. EUR/USD has fallen 0.70% to 1.1300 and has traced out a number of failures ahead of 1.1400 resistance.

Jan 04, 2022 by Jeffrey Halley

Asia’s cautious equity mood continues

Mixed mood in Asian equity markets With most of the region back at work today, Asian markets have refused to blindly piggyback New York’s overnight rally higher, even as the omicron relief rally gathers steam. The Indonesia coal export ban and the suspension of Evergrande shares yesterday left plenty of two-way risk on the table for Asia, especially where China is concerned.

Jan 04, 2022 by Jeffrey Halley

Omicron Becomes Omigone

Markets party despite Omicron You would be hard pushed to find a reason not to be in a jubilant mood as an investor as financial markets dished out the happy new year’s overnight, the first trading day of the year. I spent it on a series of almost empty flights on the trek to managed isolation in New Zealand, but for the rest of the world, the New York session finished with plenty of New Year’s goodies.

Jan 04, 2022 by Jeffrey Halley

Canadian dollar slides as US yields jump

Volatility continues for Canadian dollar After ending 2o21 with strong gains, the Canadian dollar didn't miss a beat and continued to show volatility on the first day of the New Year, this time posting sharp losses. In the North American session, USD/CAD is trading at 12761, up 0.95% on the day. The US dollar is showing broad strength on Monday, courtesy of a surge in US Treasury yields.

Jan 03, 2022 by Kenneth Fisher

Pound dips below 1.35, Omicron surges

The British pound has started the New Year in negative territory. GBP/USD has dipped just below the symbolic 1.35 level. Pound benefitting from strong risk appetite The British pound ended 2021 with a winning week, gaining 1.03%.

Jan 03, 2022 by Kenneth Fisher

Euro edges lower as German PMI misses mark

Welcome to the first trading day of 2022! The euro is slightly lower in the European session, trading around 1.1350. German Manufacturing PMI misses consensus Eurozone Manufacturing PMIs for December pointed to growth across the bloc.

Jan 03, 2022 by Kenneth Fisher

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