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

A key feature in the inflation debate in 2021 has been global supply chain issues, and that will likely be the case as well as we get into 2022. The big question though, is how much longer will that drag on for?Omicron has certainly thrown a major curveball in trying to forecast how things will play

Most of these new cases are in Shaanxi province, in north central/west China. The city of Xi’an (the largest urban area in the province) is the hotspot and is currently under lockdown. Lockdowns in China will slow its economic recovery and also pose a threat to global supply chains. 

Merry Christmas, although its a little more challenging for those who have had plans disrupted. 
Its not only this sector of the economy that is seeing negative effects of the spread of the new variant, and its not only impacting the US and its economy. Harsh lockdowns are only a hair-trigger away i

Christmas is for me a celebration of the birth of Christ. Now, that is because I was born in this world to parents of a faith that had God, his son Jesus Christ and the Holy Spirit as the basis of its guiding principal for life here on earth.   God is the all giving, the all powerful.  Jesus Christ

There’s a bit of GBP and AUD selling on Christmas but liquidity is nil today and no market move can be trusted. Some days are better spent recharging and this is one of them.
Merry Christmas to you and your family.

I don’t think omicron is a concern for the markets except in China.
That’s the one place where they will put in severe lockdowns. Many of the new cases today are likely in Xian, where the city of 13 million is completely locked down. In a sign that China has no intention of easing away fro

I don’t think the market cares about covid numbers anymore so long as the number of people in hospital don’t skyrocket. There were 137 new deaths within 28 days of a positive covid test, down from 147 on Thursday.One estimate today said 1 in 10 people in London had contracted covid since Dec 16.

GBPUSD on the weekly chart

The GBPUSD closed the 2020 year at 1.3662, and spent the first 37 trading days working its way to the upside. A swing high was reached on  February 24 at 1.4240 (578 pip from the year end close), before correcting down to 1.3668 at the end of March and early

Headlines:China to extend tariff exemption for 124 US import items until 30 June next yearVaccine booster effectiveness seen waning after one month, latest study showsChina’s ‚two sessions‘ to begin on 4 March 2022, state media reportsIt’s all quiet as we wind down to the festive period. FX is relat