Safe haven assets are in demand again today as headline havoc hits our screens in full effect. The Ukraine crisis is front and centre as the market driver with the threat of an “imminent” invasion pushing gold up to eight-month …
The aussie is leading the gains on the week and the month as de-escalation on the Ukraine borders boosts risk appetite. Tensions are still relatively high as the visibility on the outcome of the crisis remains uncertain. This means risk …
Sterling has shown some decent resilience against the safe haven bid for the dollar in recent sessions. More peaceful signs from Moscow this morning are also helping risk assets in general, as the greenback moves around its 50-day SMA on …
The dollar is enjoying its fifth day of gains in seven as the greenback benefits from the ongoing march to war in the Ukraine and Fed rate hike speculation. The greenback is attracting safe haven flows along with the yen …
While FX volatility is currently subdued, the oil market is enjoying a strong start to 2022 after prices spiked lower a month ago. Omicron fears took Brent prices down from around $82 to the early December low below $66. But …
It’s been a busy and buoyant start to the new year with risk sentiment most definitely positive amid rising rates. Omicron is now seen as manageable and a background setting rather than a primary driver of markets. Although record infections …
Sterling enjoyed the holiday period as it rivalled the aussie as the leading G10 currency. There was some relief in the UK that the new Omicron variant won’t lead to severe restrictions, even allowing for record infections. After the surprise …
EUR/AUD losing near-term support This pair has had quite a ride in recent months. The steep descending bear channel during October posted a multi-month low at 1.5354. But the long-term bottoms from February and March at 1.5252/70 held. Bullish divergence …
The strong underlying bull trend in USD/CAD has paused over the last few days. Positive risk sentiment and higher equities, along with rising oil prices would ordinarily help the loonie. But weak seasonal trends generally tend to weigh on CAD …
Policy divergence between major central banks has been a key FX theme of this year. It should also be one of the main drivers in 2022. We know the Fed has signalled three 0.25% rate hikes for next year to …
