Cromwell FX Market View Omicron Dominates Headlines

cromwell_weekly_11_011221.png

This post was originally published on Trademakers

courtesy of trademakers

Investor confidence collapsed as the news of the newly named Omicron Variant. World Heath Organisation warned that the variant has a large number of variants some of which have vaccination escape.

 

This new filtered through into risk assets which fell significantly on Friday. Crude Oil lost over 13% which affected the Canadian Dollar as it moved sharply lower.

 

Other risk assets effected where the Aussie and Kiwi Dollar, which finished the week the worst performing pairs.

 

OPEC+ meet on Thursday to discuss the possibility of lowering output to counter the release of oil by US-led major governments. If fiscal authorities are re-thinking their position, OPEC+ may not need to change their current stance.

 

The week ahead sees us move into December and the start of the economic releases headlined by Friday Non Farm Payrolls. Eurozon inflation numbers are also released this week. With the ECB not looking to raise rates any further inflationary pressures could push the Euro lower.

 

Expect more volatility this week as news filters through on the Omicron variant.

Weekly Majors Market Performance

cromwell_weekly_11_011221

What is Cromwell FX?

Cromwell FX is a quantitative FX manager offering superior risk adjusted returns. The portfolio is the most liquid pairs . The strategy is fully automated and adhere to strict rick management procedures to control leverage and position limits.

The post

Cromwell FX Market View

Omicron Dominates Headlines

appeared first on JP Fund Services.

The post Cromwell FX Market View Omicron Dominates Headlines first appeared on trademakers.

Related Articles

cromwell_weekly_mainimage_221122.jpg

Cromwell FX Market View Quiet Week with Thanksgiving Weekend

cromwell_weekly_mainimage_221122.jpg

Cromwell FX Market View Crypto Markets Head the Volatility

cromwell_fx_market_view_blog_main.jpg

Cromwell FX Market View Surprise CPI. Could this be the Fed pivot point?

cromwell_fx_market_view_blog_main.jpg

Cromwell FX Market View Fed & BOE Hike; Payrolls Still Strong

cromwell_fx_market_view_blog_main.jpg

Cromwell FX Market View All eyes on the upcoming Fed

cromwell_fx_market_view_blog_main.jpg

Cromwell FX Market View Truss Resigns BoJ Intervenes

cromwell_fx_market_view_blog_main.jpg

Cromwell FX Market View US CPI Pressures Risk Assets

cromwell_fx_marketview_121022.png

Cromwell FX Market View Strong Payrolls Spur USD Strength

cromwell_fx_marketview_041022.jpg

Cromwell FX Market View BOE Intervenes

cromwell_chart_280922-1.png

Cromwell FX Market View All Hail the King Dollar

cromwell_chart_280922.png

Cromwell FX Market View All Hail the King Dollar

cromwell_weekly_210922-1536x747-1.png

Cromwell FX Market View US Inflation Spurs the USD Higher