FX markets were mixed but the general theme of risk on returned as investors temporarily put Omicron fears behind them. Commodity currencies were strongest but moves seemed more corrective.
the USD remained range bound vs European majors and Yen. With additional restrictions being introduced in the UK Sterling came under pressure but soon reversed as follow through selling evaporated.
Crude oil prices soared, with WTI seeing its best 5-day gains since late August lifting commodity backed currencies through the week. Australian dollar saw its best weekly gain vs the US Dollar since August.
Central banks from the world’s largest economies meet this week. All eyes are on the Fed, where traders will be tuning in for their economic projections and decision on whether or not policymakers will speed up the pace of tapering asset purchases. The European Central Bank, Bank of England and Bank of Japan are also on top for the Euro, British Pound and Japanese Yen respectively. Commentary on their views on inflation will be in focus.
Weekly Majors Market Performance
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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.
Cromwell FX Market View
Markets Put Omicron Behind Them. Temporarily?
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The post Cromwell FX Market View Markets Put Omicron Behind Them. Temporarily? appeared first on JP Fund Services.
Peyman Khosravani is a global blockchain and digital transformation expert with a passion for marketing, futuristic ideas, analytics insights, startup businesses, and effective communications. He has extensive experience in blockchain and DeFi projects and is committed to using technology to bring justice and fairness to society and promote freedom. Peyman has worked with international organizations to improve digital transformation strategies and data-gathering strategies that help identify customer touchpoints and sources of data that tell the story of what is happening. With his expertise in blockchain, digital transformation, marketing, analytics insights, startup businesses, and effective communications, Peyman is dedicated to helping businesses succeed in the digital age. He believes that technology can be used as a tool for positive change in the world.
