The yen was a notable laggard in trading yesterday amid thinner market conditions. It comes as risk trades rallied with stocks carrying over the Santa Claus rally post-Christmas. The S&P 500 hit fresh record highs and is now nearing 4,800.
The unbridled optimism has also seen AUD/JPY erase its omicr

Omicron has thrown a major curveball to the global outlook and the oil market isn’t spared in that regard.The immediate reaction saw oil tumble heavily, sinking back below $70. In part, there was some technical exhaustion helping to exacerbate the drop. But still, it points to supply and demand dyna

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Domestic sight deposits CHF 650.0 bn vs CHF 645.7 bn prior

Little change in terms of overall sight deposits with the SNB seemingly not intervening all too hard with EUR/CHF lingering just above 1.0400 for now. But if the pair continues to trend downwards next year, expect firmer action surely

It’s a quiet week with thinner conditions set to prevail, so there isn’t much on the options board either.That said, there is one large one for AUD/USD rolling off on Wednesday at 0.7030. But it is a little far off from the current spot price, so it may not be „activated“ unless price action take

A key feature in the inflation debate in 2021 has been global supply chain issues, and that will likely be the case as well as we get into 2022. The big question though, is how much longer will that drag on for?Omicron has certainly thrown a major curveball in trying to forecast how things will play

Most of these new cases are in Shaanxi province, in north central/west China. The city of Xi’an (the largest urban area in the province) is the hotspot and is currently under lockdown. Lockdowns in China will slow its economic recovery and also pose a threat to global supply chains. 

Merry Christmas, although its a little more challenging for those who have had plans disrupted. 
Its not only this sector of the economy that is seeing negative effects of the spread of the new variant, and its not only impacting the US and its economy. Harsh lockdowns are only a hair-trigger away i

Christmas is for me a celebration of the birth of Christ. Now, that is because I was born in this world to parents of a faith that had God, his son Jesus Christ and the Holy Spirit as the basis of its guiding principal for life here on earth.   God is the all giving, the all powerful.  Jesus Christ

There’s a bit of GBP and AUD selling on Christmas but liquidity is nil today and no market move can be trusted. Some days are better spent recharging and this is one of them.
Merry Christmas to you and your family.