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The forex markets are staying in consolidative mode today as overall market sentiment stabilized. Major European indexes are paring some of last week’s losses while US futures also point to higher open. But it remains to be seen if it’s just a dead cat bounce, or a reversal. Canadian and Australian Dollar are currently the […]
The post Yen and Franc Consolidate as Market Sentiment Stabilized for Now appeared first on Action Forex.
Worries about Omicron remains a main theme in the markets. Nikkei takes a dive after Japan announced to close its borders to all foreigners as Prime Minister Fumio Kishida said he’s taking measures with a “strong sense of crisis”. The forex markets are relatively quiet for now, with Yen and Swiss Franc digesting some of […]
The post Markets Staying Heavy on Omicron Worries appeared first on Action Forex.
The Hang Seng Index fell by just under 1% as Omicron weighs heavily on market sentiment.
The S&P 500 rebounds at the start of the week as a relative sense of calm returns to Wall Street, but uncertainty over the Omicron variant will keep investors on edge for the next few weeks.
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The US Dollar is clawing back losses from the Omicron scare late last week. But the attention will soon shift to Jerome Powell ahead of his Congressional testimony.
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Friday’s crude oil Back Friday sale during lower post-Thanksgiving liquidity looking more likely to be an overreaction amid Omicron optimism
Euro shorts squeezed on Covid fears, however, rise is likely temporary
Crude oil is the most valuable market on Earth, and a key commodity for today's economy. But how can traders build strategy to trade crude oil?
The “South African” dubbed Omicron variant, saw the rand nosedive last week as USD/ZAR hit 2021 highs, while travel bans may see the ZAR continue its descent.