US indices dropped yesterday and erased all of the post-FOMC jump. S&P 500 dropped 0.87%, Nasdaq slumped 2.47%, Russell declined 1.95% while Dow Jones finished 0.08% lower
Major indices from Japan and China dropped over 1% today, following into footsteps of their US peers. S&P/ASX 200 gained 0.1% while Kospi added almost 0.4%
DAX futures point to a lower opening of today’s European cash session
The Bank of Japan decided to leave interest rates and yield targets unchanged. BoJ may start slowing purchases under its pandemic relief programmes early next year
China revised 2020 GDP growth data down from 2.3 to 2.2%
According to Politico report, White House acknowledged that ‘Build Back Better’ infrastructure bill is not going to get through the Congress this year
United Kingdom and Australia signed post-Brexit trade deal. Deal includes removal of most of the tariffs on goods
According to Goldman Sachs, impact of Omicron on oil demand and mobility has been small so far
Turkish lira dropped to a fresh record lows with USDTRY jumping past 16.00 and EURTRY moving above 18.00
CHF and JPY are the best performing major currencies while commodity currencies (AUD, CAD, NZD) lag the most
Precious metals gain, oil drops and industrial metals trade mixed
Cryptocurrencies are trading slightly lower. Bitcoin trades near $47,500 while Ethereum tests $3,950 area
AUDJPY experienced a big reversal yesterday and halted upward correction at the resistance zone marked with 50% retracement of the upward move started in August 2021. Pullback is deepening today, thanks to the strength of the Japanese currency. Near-term support zone can be found in the 79.00 area.
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