Nasdaq 100 Sinks as Fed Weighs Faster Taper Timeline; Omicron Adds to Market Worries

Concerns about the Omicron variant, along with the Fed's message that it may be appropriate to taper asset purchases at a faster-than-planned pace to cool inflation weigh on U.S. stocks.

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AUD/USD Rate Vulnerable to Contraction in Australia GDP

Fresh developments coming out of Australia may keep AUD/USD under pressure as the Gross Domestic Product (GDP) is anticipated to show a contraction in the growth rate.

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US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY

The US Dollar caught a strong bid this morning when Powell warned of inflation pressure. This webinar looked at numerous setups around the USD.

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EUR/USD Forecast: Euro Rebound in Focus Following RSI Buy Signal

EUR/USD may stage a larger recovery over the coming days as the Relative strength Index (RSI) bounces back from oversold territory to indicate a textbook buy signal.

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Crude Oil Drops Ahead of ‘OPEC+’ Meeting after Current Vaccine Effectiveness Questioned

Brent crude oil dropped sharply after comments from Moderna CEO around current vaccine effectiveness exacerbated Friday’s decline. OPEC with lots to consider on Thursday

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XAU/USD Forecast: Gold Price Plummets After Fed Chair Powell’s Speech

Gold prices fell in early U.S. trading during Fed Chair Powell’s testimony after accepting higher inflation while allowing for the prospect of quicker than expected asset purchases.

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US Dollar Spikes Higher as Fed's Powell Retires Transitory View on Inflation

Fed's Powell Removes Transitory View on Inflation, Signals Faster QE Taper

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USD Breaking News: Consumer Confidence Miss Burns Dollar, Powell Testimony

The dollar continues to fall as measured by the DXY as investors view the dollar through a more dovish lens, while markets eye Fed Chair Powell’s testimony for more clarity.

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Omicron Impact on Markets to Wane | Sentiment Webinar

Trader confidence has been hit hard by the spread of the Omicron variant of Covid-19 but indications that its effect on people is mild should allow stocks and other vulnerable assets to recover.

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USD Buying Picks Up Prior to Omicron Scare, CAD Flips Net Short - COT Report

USD net longs boosted ahead of Omicron concerns. CAD tracking oil lower.

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Gold Price Outlook: Struggling to Break Higher Despite Renewed Risk-Off Sentiment

Gold is back below $1,800/oz. despite a renewed sell-off in risk markets as Moderna CEO warns of potential Omicron vaccine struggles.

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British Pound (GBP) Price Outlook: EUR/GBP Rally May Run Out of Steam

The past week’s rally in EUR/GBP will likely falter soon as concerns about the Omicron variant of Covid-19 recede and a reshuffle of the UK Labour Party’s shadow Cabinet is shrugged off.

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NFP and Forex: What is NFP and How to Trade It?

Non-farm payroll figures are highly anticipated by forex traders. Find out how they affect trading.

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Crude Oil Prices Sink as Moderna CEO Warns on Omicron Ahead of OPEC+. Where To for WTI?

Crude oil succumbed to negative headlines about the Omicron variant being resistant to vaccines. Can prices recover to prompt action from OPEC+ on Thursday?

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Gold, Iron Ore Forecast: XAU Drops With Inflation Bets, Iron Jumps on China News

Gold prices failed to recover with the broader market, as a stronger US Dollar and falling inflation expectations hurt the yellow metal. Meanwhile, iron ore jumped higher as China readies blast fur...

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AUD/USD Bounce May Extend Higher After China PMIs Impress

AUD/USD may extend its Monday bounce after China's November PMI data showed a strong improvement from the prior month. Higher iron ore prices may also boost the Australian Dollar.

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Hang Seng Hovers Near 2021 Lows as Virus Fears Continue to Linger

The Hang Seng Index fell by just under 1% as Omicron weighs heavily on market sentiment.

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S&P 500 Rallies as Biden Rules Out New Lockdowns, but Omicron Remains a Wild Card

The S&P 500 rebounds at the start of the week as a relative sense of calm returns to Wall Street, but uncertainty over the Omicron variant will keep investors on edge for the next few weeks.

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US Dollar Support Test: AUD/USD, USD/CAD Primed for Powell

The US Dollar is clawing back losses from the Omicron scare late last week. But the attention will soon shift to Jerome Powell ahead of his Congressional testimony.

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Crude Oil Update: Moderna Eyes Early 2022 for Omicron Vaccine, ‘OPEC+’ Delays Technical Meeting

Friday’s crude oil Back Friday sale during lower post-Thanksgiving liquidity looking more likely to be an overreaction amid Omicron optimism

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