S&P 500 futures flatNasdaq futures -0.3%Dow futures +0.1%This has a familiar ring to it as per the last two sessions in Europe (19/1 and 20/1). US futures are looking a fair bit less dire as we approach the handover to US trading, but will it falter at the end of the day as it has previously?Risk se

Will appropriately step up policy support for the economyThese are typical remarks and ones that we have heard before but context matters. This comes after the PBOC cut rates earlier in the week and also moved to cut the SLF by 0.1% from 17 January. As such, it hints at a pause in terms of added eas

The firm notes that:“The oil price required to trigger sufficient demand erosion appears higher than we estimated. Hence, we raise our Brent forecast to $100/bbl by 3Q, up from ~$90/bbl before.“Well, that certainly might come but it’s still very early in the year and a lot can change in the months a

It’s all about the risk mood still so far today and with equities looking sluggish once again after yesterday’s drop, there isn’t much comfort for risk trades on the day. The yen and franc are staying bid in European morning trade, with pressure seen on commodity currencies once again.
USD/JPY is ho

The hope for France and many other countries facing the omicron wave is that infections will peak in late January or early February and then tail off. So far, we’re still heading towards that peak for France and it is a bit concerning as hospitalisations and intensive care admissions are starting to

The
Crypto Fear and Greed Index remains at 24 for the third day, matching the
extreme fear assessment.

 

However,
such a low index reading this time does little to describe the dynamics of a
market whose total capitalisation has been moving between $1.95 trillion and
$2.00 trillion since Tuesda

Financial
markets rebounded on Thursday after crucial US indices fell about 1% a day
earlier. The Nasdaq 100 index closed down 1.3% and moved into a correction
phase, completing more than 10% below the peak. However, this is still a formal
movement, and the primary battle between the bulls and the

Just a couple of large ones to take note of for EUR/USD, as highlighted in bold.In general, the expiries layered through from 1.1300 to 1.1360 are key attraction points so that should keep price action more anchored before rolling off later in the day. There’s not much else notable on the board b

Core CPI +2.6% vs +2.6% y/y prelim

The preliminary report can be found here. No change to the initial estimates as this just reaffirms the higher inflation pressures in the euro area amid the turn of the year. That will continue to keep the pressure on the ECB and their narrative that inflati

After the omicron case over the weekend, another positive case was reported yesterday. So, this adds to those figures. The Beijing municipal health commission is out saying that the cases have been found in several districts and warns of a complicated situation in terms of epidemic prevention and co