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.

Connect with SGT Markets

Follow us for the latest news & insights

Related Articles

cromwell_weekly_mainimage_220323.jpg

Banking Crisis on The Horizon?

cromwell_150323.jpg

SVB Outshines Payrolls

cromwell_weekly_mainimage_221122.jpg

Cromwell FX Market View Fed Higher for Longer Still in Focus

cromwell_weekly_mainimage_221122.jpg

Cromwell FX Market View Fed Moves to Higher and Longer

cromwell_weekly_mainimage_221122.jpg

Cromwell FX Market View CPI Surprise

cromwell_weekly_mainimage_221122.jpg

Cromwell FX Market View Week of consolidation ahead of key CPI

cromwell_weekly_mainimage_221122.jpg

Cromwell FX Market View Roller Coaster Week with Central Banks and Payrolls

cromwell_weekly_mainimage_221122.jpg

Cromwell FX Market View Quiet Week as Market Awaits Fed

cromwell_weekly_mainimage_221122.jpg

Cromwell FX Market View BOJ Disappoints

cromwell_weekly_mainimage_221122.jpg

Cromwell FX Market View Dollar Slumps After CPI Numbers

cromwell_weekly_mainimage_221122.jpg

Cromwell FX Market View 2023 Sees Continued Economic Weakness

cromwell_weekly_mainimage_221122.jpg

Cromwell FX Market View Central Banks Round Out 2022