The NASDAQ index traded down as much as -220 points or -1.45% at the low today, but then staged a reversal and traded as high as 108.40 points or 0.71%.  However those gains have now been eroded in the index currently trades down -26.3 points as the trading session moves toward the close. For the we

HotForex,
the award-winning forex and commodities broker on over 1,200 CFDs in the top 9
most popular asset classes, offers new and existing traders the chance to kickstart
their trading journey with one of four generous bonus programs:

50% Welcome Bonus Increase your balance by 50% from your first

I had the privilege of having a good father. He provided for his family and never stopped working for them. He was a dentist in Carshalton, Surrey opposite the Fox & Hounds pub on the High St for any local Londoners. Any time of day or night you could call him and he would see you. 24/7/365. He died

Earlier today the Russian lawmaker Zavalny said the first gas via Nord Stream 2 can flow in JanNo decision on Nord Stream 2 in H1 2022 made according to the head of German network agencySome pushback against Russia here.

European equities down on average -1.00%. US equity futures down too. (Nasdaq -0.95%)
The Vix is above 20.00
Commodities mixed: oil lower, copper higher
Bond yields: flat to lower
FX space: AUD, CAD, NZD lower. CHF, JPY, EUR higher (remember the EUR’s funding currency bias + ECB

Trying to stop the rot, the CBRT intervenes and the USDTRY drops to ~16.50CBRT justification for intervention is ‚unhealthy price formations’This is like starting a fire (cutting rates) and then putting it out (intervening) and going, ‚well done me!‘ If there is one thing we have learnt over the las

14.00% vs 15.00% priorInflation is over 20% in Turkey and the CBRT cuts due to President Erdogan’s unorthodox belief that high inflation is caused by high interest rates. USDTRY up at highs and as stunned as the rest of us. 

The recent risk off moves from Nov 30 where on two things. Firstly, Omicron uncertainty. Secondly, fears the Fed would make a policy mistake. Both those fears are not gone, but are less prominent. 
This is helping risk. Equities are up, volatility is down, yields are flat (but that’s good in context

The EUR saw gains as its funding currency unwound with the JPY and the CHF on the risk off tones after the US thanksgiving. A funding currency is a cheap currency that you pair with high betas (like the NZD). So, the EUR gained on that. BUT the eurozone has surging cases. The services PMI have misse

As mentioned earlier, this is very much a placeholder session as we await the Fed. The dollar remains little changed for the most part while equities and bonds are fairly tentative still on the day.There is a lack of appetite to do much before the Fed, so expect the lull to continue in the hours ahe