It’s mostly quiet in the market still so far today. So, why not wrap your head around some of the big issues and themes that will come into play in 2022? I’ll leave it at that. Enjoy!Video: What to expect in 2022Supply bottlenecks to continue well into 2022?A look out at Europe going into 2022Omicro

The current plan is that OPEC+ will be proceeding with a 400k bpd increase in oil output in February. And that expectation is rebuffed by an earlier report by Reuters, citing three OPEC+ sources.As things stand, it doesn’t appear that the bloc wants to shake things up too much. The omicron scare is

The loonie was the only major currency to have outperformed the dollar last year. Will we see more of the same in 2022?
If anything, I would argue that question will go down to how hawkish the BOC will be compared to the Fed. Both central banks are on course to at least hike rates three times, with

Domestic sight deposits CHF 648.9 bn vs CHF 650.0 bn priorPrior week’s release can be found here. Little change in terms of overall sight deposits in the past week but the overall trend remains clear that the SNB is continuing to intervene to limit franc strength. Their balance sheet remains bloated

A positive takeaway from the report highlights that supply constraints are easing somewhat but they are still persistent. Firms capitalised on that by adding to inventories at the fastest rate recorded by the survey but manufacturing output and overall conditions remain rather stagnant from November

Joachim Nagel was confirmed by German cabinet today as the pick to lead the Bundesbank, taking over from Jens Weidmann.The position is notorious for hawkishness and Nagel will undoubtedly take the reigns on that front but this time he will have some fundamental backing with prices rising in

Here are the closing levels for 2021. The loonie’s late charge put it back into the lead. It was the lone G10 currency to better the US dollar. On the other side of the FX universe was the Turkish lira with a 42% drop.

We’ve had a great year here despite some growing pains and want to tha

The Canadian dollar is ripping higher today and is by-far the best performing G10 currency. The move has knocked USD/CAD 110 pips lower to 1.2633.
I strongly suspect this is a flow-driven move in a thin market — someone needed Canadian dollars ASAP. That’s especially evident with oil down 1.2% toda

NZDUSD on the weekly chart

The NZDUSD stepped lower in 2021 in choppy up and down trading. The moves to the downside came despite rate hikes by the Reserve Bank of New Zealand toward the later half of the year. The expectations are the central bank will look to continue that trend in

At this point, the evidence is overwhelming that omicron is much less severe than delta. Pile on vaccinations, booster shots and prior infection and it’s clear the market figured this out quickly.I’m closely watching for a potential omicron outbreak in China. Officials in Hong Kong today confirmed t