The dollar is faring slightly better on the day but the usual year-end caveat applies. As much as the move here looks enticing, be reminded that it comes amid thin liquidity conditions. That makes it tough to really trust any breakout.
In the case of USD/JPY, the weekly close will be an interesti

Prior +7.7%

With the ECB not turning off the taps just yet, broad money growth in the euro area continues to surge forward going into year-end with annual growth keeping at an elevated level.

Prior -10.8A slight improvement in terms of sentiment as omicron fears are brushed aside slightly following initial concerns. Credit Suisse notes that:“Swiss financial analysts have so far shrugged off the new variant of coronavirus in their forecasts and are bringing the year to a close with a neut

Let’s cut right to the chase. With the Fed set to hike rates next year, Treasury yields are staying supportive for the time being – more so on the short-end of the curve.
But the question is, how much of those rate hikes have already been factored into the equation?
Fed fund futures have already ful

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