Forex Today: Moderate optimism to start the week
What you need to know on Tuesday, December 28:
Investors quietly returned from a long weekend, with a pitch of optimism amid reports suggesting that the Omicron variant is much less serious and less likely to end with hospitalizations than the previously known strains, despite being highly contagious, according to reports coming from the UK and South Africa.
Low volumes are the main theme this week, heading into the year-end. The American dollar shed some ground against most major rivals but advanced against the safe-haven yen. USD/JPY trades at 114.90, not far from the year high at 115.51.
The best performer was the British Pound, as GBP/USD reached a fresh December high of 1.3443. The USD/CAD pair fell to 1.2778, as the CAD was supported by higher oil prices and the positive tone of equities in the last trading session of the day.
The EUR/USD pair ticked higher within familiar levels, ending the day with modest gains at around 1.1320. The same goes for AUD/USD, which trades around 0.7240.
Gold prices ticked higher, and approached $1,814.23 a troy ounce, its December high. It finished the day at around $1.890.00. Crude oil prices were firmly up, with WTI trading at $75.50 a barrel.
Wall Street edged higher, with all the major indexes posting substantial gains. European indexes also traded with a positive tone, shrugging off the poor tone of their Asian counterparts.
US Treasury yields ticked lower amid the optimistic mood, with the 10-year bond yield holding below 1.50%.
Dogecoin presents buying opportunity before DOGE spikes to 0.38
Like this article? Help us with some feedback by answering this survey:
Reprinted from FXStreet_id,the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.