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The euro is in negative territory on Monday, giving up some of Friday's huge gains. In the North American session, EUR/USD is trading at 1.1268, down 0.36% on the day. Uncertainty led to panic in the financial markets last week, as the Omicron variant of Covid-19 was detected outside of South Africa, leading to fears that the variant could cause a massive spike...

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The New Zealand dollar has extended its losses on Friday, after five straight losing sessions. NZD/USD is currently trading at 0.6823, down 0.45% on the day. Risk apprehension is sharply lower in the markets today, as a Covid variant which has spread in South Africa is causing concern around the world. Two cases of the variant were detected in Hong Kong today...

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The euro has reversed directions and is back above the 1.1200 level. EUR/USD is trading at 1.1222, up 0.19% on the day. Where is ECB policy headed? That is no easy question, as we are getting mixed messages from ECB officials. Governor Christine Lagarde has pushed back against market bets of a rate hike in late 2022. Earlier this month, Lagarde said that it was...

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Or more to go? Oil prices are on the rise again after a correction over the last month but how much support does it now have? It didn't take long for oil to rebound after the US, China, India, Japan, UK and South Korea announced their coordinated SPR release. A sign that the market had fully priced in the announcement, perhaps even that it isn't the game-changer...

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Correction may be coming The dollar has been on a strong run the last couple of weeks, which when coupled with the broad weakness we've seen in the euro has led to an accelerated sell-off in the EURUSD pair. Higher inflation, a strong consumer and a strengthening labour market has backed the Fed into a corner, despite strong pushback on rate talk over recent...

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Or is there too much momentum? It's been a wild ride for gold this past few weeks and the latest moves highlight just how much uncertainty there is in the markets right now. The yellow metal saw incredible support earlier this month as inflation indicators flashed and central banks pushed back against accelerating their policy response. The transitory claim...

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Market Open Indicator.

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Weekend Gap Indicator