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

The ongoing rebound from the corona-lows was an impressive one in Europe as markets close for the year. There were slight declines today but the overall returns were impressive.

French CAC 40 +29%
UK FTSE 100 +14%
Spain IBEX +8%
Stoxx 600 +22.5%

That will be tough to top in 2022 b

In case you missed the happenings in the past week:

Erdogan’s experimental plan failing to convince in changing lira’s fortunes

He goes on to say that they have reined in the „meaningless“ volatility in the lira and that they are taking action to prevent lira volatility. I’m sure that has been

If we look at some of the key themes going into 2022, it’s tough to find one that might dent the dollar outlook in general.The first on the list is major central banks tightening. And in that regard, the Fed is among the frontrunners and perhaps arguably going to be the most aggressive. Roughly thre

Stablecoins are touted as fool proof, fiat backed coins, but are they as stable as you think? Let’s get down to it and find out: First things first: What is a Stablecoin? A Stablecoin is a utility token built upon another coin’s blockchain. The goal of a stablecoin is to create a crypto cu

AUSDUSD on the weekly chart

The AUDUSD in 2021, reached its high for the year on February 25th at 0.8006 which was near a nice natural resistance of 0.8000. The price low was not reached until the December 3rd at 0.6992 (also near a natural support level at 0.7000).  The range of 1014