Gold prices may retrace some recent gains as sentiment stabilizes across major financial markets following last week’s blood-letting. The Omicron variant is a wildcard however.
The US Dollar may extend gains against ASEAN currencies following recent gains. Still, USD/SGD, USD/THB, USD/IDR and USD/PHP have yet to overcome key resistance levels.
The Dow Jones, S&P 500 and Nasdaq 100 slumped as volatility swept through markets. The US Dollar and Japanese Yen gained as crude oil prices declined. US CPI, the RBA…
U.S. stocks, particularly the reopening basket, may come under more pressure in the near term as traders trim positions in risk assets amid omicron variant uncertainty and fragile sentiment.
The volatility that has stirred in the broader financial markets doesn’t full encompass the retreat in a range of ‘risk’ assets that we have seen for some weeks. That erosion…