Page 33 - Christopher Vecchio News Today

The turn higher by GBP-crosses may have more room to run through the end of 2021.

Last week’s bullish outside engulfing bar isn’t producing much by way of upside for gold prices.

Both AUD/JPY and AUD/USD rates have started to show early signs of basing, suggesting that a turn higher may soon emerge.

Strength in CAD-crosses the past few days remains technically inconsequential.

The rally in high beta assets this week is helping propel the New Zealand Dollar higher.

Growth concerns around the omicron variant are provoking a burn off in oil prices.

The VIX futures and options expiry is mid-week, potentially clearing the path for risk assets to rally through the end of the year.

The rally from recent lows lacks vigor, suggesting that more downside could be ahead.

Omicron variant concerns aren’t weighing significantly on expected rate moves.

Record COVID-19 infections, restrictions on travel, and a central bank in no hurry to raise rates make the Euro unappealing.