UBS says it expects the Federal Reserve to withdraw monetary accommodation faster than some other major central banks in 2022 and this divergence in policy leads them to expect the US dollar to strengthen further.
On gold the analysts at UBS hold a negative view, citing:

a backdrop of rising ra

S&P 500 futures +0.3%
Nasdaq futures +0.5%
Dow futures +0.3%

It’s all looking good for stocks but again, just be wary that we’re navigating through thin liquidity conditions. It is hard to trust moves during the festive season to New Year’s period so keep that in mind.
I’d wait on any

The Metaverse is well and truly underway, and not just because Mark Zuckerberg said so. In October 2021 Facebook’s CEO announced a rebrand, bringing together all their apps and technologies under one name, now known as Meta. But the Metaverse is a lot bigger than just one company. Leaders across

Will increase refinancing quota to support small companies when necessaryAverage interest rate for corporate loans declined to below 5%, a record lowPBOC will give full play to loan prime rate reform, relieve burden of Chinese firmsActions speak louder than words and the liquidity boost today – the

Global daily COVID-19 cases hit a new record on Monday, with more than 1.44 million infections recorded. This comes amid a surge in omicron infections and that is no surprise with the variant being the most transmissible one yet.
Of note, the 7-day rolling average of cases also jumped to roughly 841

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