Market Brief
See real-time quotes provided by our partner.
Despite closing off the day’s highest levels, the US equity market closed higher for a second day on Tuesday. From yesterday’s Asian trading session, markets continued to trade positively, with the Nikkei up nearly 1%, while the UK FTSE 100 is continuing to push higher in today’s London session. The bullish tone has carried on into today’s London open as there is little scheduled economic news scheduled until this afternoon.
The markets appeared to be cautiously optimistic about the omicron variant, especially after US chief medical advisor Anthony Fauci said that the new variant is not necessarily more severe than delta. Index options implied volatility declined again but remains above a one-standard-deviation move based on the last six months.
See real-time quotes provided by our partner.
After rallying eight percent in the previous two days, Brent oil prices retreated to below $75 per barrel as investors try to assess how the omicron coronavirus variant will affect global fuel demand. US inventories will be updated later in the day by the EIA.
See real-time quotes provided by our partner.
The USDCAD has dropped as oil bounced off the support levels and is likely to keep moving as later today, the Bank of Canada (BOC) policymakers are likely to leave rates unchanged but continue to lay the groundwork for a 25bps rate increase as early as January. CAD will likely continue its recent upward trend under a hawkish tone, so I am looking for a drop in the USDCAD. If the BOC raises rates in January, they will be seen as one of the most aggressive central banks in the G10.
See real-time quotes provided by our partner.
The AUDUSD is still travelling higher with some commentators saying this is a reaction to the Chinese RRR adjustment earlier this week, but also because the short Aussie trade was so crowded. When a trade gets skewed too much in one direction there is often some profit taking and then maybe a short squeeze to get rid of some of the late comers to the trade, who have weak hands.
See real-time quotes provided by our partner.
ECB President Lagarde is making her first speech of the week at the 5th annual conference of the European Systemic Risk Board. There is unlikely to be anything market moving within the speech. What may move the markets more is the 10-year German bond auction.
See real-time quotes provided by our partner.
The GBPUSD is still trading within a range and is starting to drift lower. There will be a UK COVID-19 press conference this morning, so that may move the pound. The UK government are under fire currently for their policies and hypocrisy. The worst-case scenario would be that PM Johnson loses the confidence of his cabinet and party and we have a resignation. Ministers are pulling out of interviews as the row around the No.10 Christmas party from last year escalates.
A comprehensive website for traders, both experienced and new! Checkout our content and learn how to invest and speculate in the markets using margin traded products. Our team of educators has extensive experience and is here to help. Enjoy!
© 2020 YouTrading UK - Leaders in Trader Training.
Cookie | Duration | Description |
---|---|---|
__cfduid | 1 month | The cookie is used by cdn services like CloudFare to identify individual clients behind a shared IP address and apply security settings on a per-client basis. It does not correspond to any user ID in the web application and does not store any personally identifiable information. |
_wpfuuid | 11 years | This cookie is used by the WPForms WordPress plugin. The cookie is used to allows the paid version of the plugin to connect entries by the same user and is used for some additional features like the Form Abandonment addon. |
cf_use_ob | This cookie is set by the provider Cloudflare content delivery network. This cookie is used for determining whether it should continue serving "Always Online" until the cookie expires. | |
cookielawinfo-checbox-analytics | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics". |
cookielawinfo-checbox-functional | 11 months | The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". |
cookielawinfo-checbox-others | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. |
cookielawinfo-checkbox-advertisement | 1 year | The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Advertisement". |
cookielawinfo-checkbox-necessary | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". |
cookielawinfo-checkbox-performance | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance". |
viewed_cookie_policy | 11 months | The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data. |
Cookie | Duration | Description |
---|---|---|
YSC | session | This cookies is set by Youtube and is used to track the views of embedded videos. |
Cookie | Duration | Description |
---|---|---|
_ga | 2 years | This cookie is installed by Google Analytics. The cookie is used to calculate visitor, session, campaign data and keep track of site usage for the site's analytics report. The cookies store information anonymously and assign a randomly generated number to identify unique visitors. |
_gid | 1 day | This cookie is installed by Google Analytics. The cookie is used to store information of how visitors use a website and helps in creating an analytics report of how the website is doing. The data collected including the number visitors, the source where they have come from, and the pages visted in an anonymous form. |
Cookie | Duration | Description |
---|---|---|
_fbp | 3 months | This cookie is set by Facebook to deliver advertisement when they are on Facebook or a digital platform powered by Facebook advertising after visiting this website. |
fr | 3 months | The cookie is set by Facebook to show relevant advertisments to the users and measure and improve the advertisements. The cookie also tracks the behavior of the user across the web on sites that have Facebook pixel or Facebook social plugin. |
IDE | 1 year 24 days | Used by Google DoubleClick and stores information about how the user uses the website and any other advertisement before visiting the website. This is used to present users with ads that are relevant to them according to the user profile. |
test_cookie | 15 minutes | This cookie is set by doubleclick.net. The purpose of the cookie is to determine if the user's browser supports cookies. |
VISITOR_INFO1_LIVE | 5 months 27 days | This cookie is set by Youtube. Used to track the information of the embedded YouTube videos on a website. |
Cookie | Duration | Description |
---|---|---|
_gat_UA-42160853-2 | 1 minute | No description |
cf_ob_info | No description | |
CONSENT | 16 years 8 months 3 days 6 hours 2 minutes | No description |