Weekly Market Recap: 17-21 January 2022
Netflix’s plunge on today’s open, broader risk-aversion, inflation fears and monetary tightening expectations, were some of this week’s main themes
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Netflix’s plunge on today’s open, broader risk-aversion, inflation fears and monetary tightening expectations, were some of this week’s main themes
Read the daily market update as we head towards the European open, to get some of the latest developments, main market moves and upcoming events
Eurozone Consumer Price Index did not offer any surprises and the common currency struggles to stay in positive territory, following Wednesday’s rebound
Read the daily market update as we head towards the European open, to get some of the latest developments, main market moves and upcoming events
Inflation in the UK jumped to its highest level since the 1990s, which works in favor of monetary tightening expectations, with the pound finding support
Read the daily market update as we head towards the European open, to get some of the latest developments, main market moves and upcoming events
Middle East Tensions Crude prices have risen as tensions escalate in the Middle East. There is a fear of supply disruptions following an attack by Yemen's Houthi group against the UAE. The Houthis are aligned with Iran. whilst the UAE is a part of the Saudi Arabian-led coalition. The Houthis used missiles and drones, which exploded fuel trucks, killing three people, and started a fire near the Abu Dhabi airport.…
Read the daily market update as we head towards the European open, to get some of the latest developments, main market moves and upcoming events
Last week saw headline US inflation running at its fastest pace since the early 1980s. This week will see inflation releases for the UK, Canada, Euro Area, and Japan. Bank earnings were subdued but remain an interesting industry as we move into a tightening cycle. Netflix releases results on Thursday.
This was an eventful week with key economic releases, lots of Fed speakers, the start of the earnings season in the US and significant market moves
Introduction The USD has been pulling back since its peaked in December. Moreover, the greenback has declined markedly since the CPI release yesterday, which showed inflation increasing at its fastest pace in 40-years. The pullback in the greenback may be a function of the "buy the rumour, sell the fact" phenomenon. I.e., markets are forward-looking, and FXCM's USDOLLAR basket accelerated its momentum upwards as far back as September last year.…
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