There are some near-term risks related to omicronBut it is not a factor that will influence activity levels for the yearWe think that inflation will fall „quite a bit“ later this yearRather than focus month by month, ECB has clear vision of direction i.e. inflation will fall later this yearSo far, d

Major currencies are not really finding much direction so far today, even as US futures are pointing lower for the time being.There is a sense that investors aren’t less attached to the risk averse mood today after having witnessed a miracle yesterday.
Currently, EUR/USD is down 0.3% to 1.1293 but t

A chart pattern is a recognizable
configuration of price movement that is identified using a series of trendlines
or support and resistance levels. Chart patterns can signal reversals or
continuation of trends, but they shouldn’t be traded alone without a
fundamental

German economy likely shrank in Q4 2021Manufacturing remained constrained by supply disruptions, consumption fell on renewed COVID-19 fearsInflation developments may take longer to improvePrice growth could remain „exceptionally high“ in early this year due to soaring energy prices, supply bottlenec

Risk sentiment is not looking pretty as we start to transition to the handover from Europe to North America. Equities are tumbling further as the mood sours and we are seeing more notable moves across the market.European indices are closing in on 2% losses now while US futures have made a U-turn to

Sellers are looking to break key support near the 0.6700 level, which helped to stem the initial decline back in December. The 38.2 retracement level @ 0.6702 adds to the support layer but both appear to be giving way now in a drop to 0.6690. Of course, the daily/weekly close is still one that will

Of note, AUD/USD is now down near 0.7% to 0.7135 as price closes in on the 7 January low of 0.7130. A push below that opens up the path towards some minor support at 0.7100 next before a potentially steeper drop towards 0.7000 again.

Elsewhere, USD/CAD is moving back up above 1.2600 as oil

S&P 500 futures -0.2%Nasdaq futures -0.3%Dow futures -0.1%That didn’t take long as the more risk averse mood from last week continues to play out. As mentioned earlier, the charts are looking awful for US equities at the moment and that in itself is a tough one to go against. The real fear now is th

There’s no respite for bitcoin today after it sank to the lowest levels since July a day ago.
It’s continued lower, falling $2091 to $34596, which is the lowest since July 26.
On Friday, El Salvador President Nayid Bukele tweeted that the country bought 410 bitcoin but that didn’t help. T

No one knows if Russia is going to invade Ukraine but there are plenty of reasons to worry.
Starting Monday, the US State Dept will start evacuating family members of embassy personnel in Ukraine, according to reports.
On the diplomatic side, the US said it would respond in writing to a se