S&P 500 Index Rallies Sharply Close to 4800; Forex Market Sees Aussie Strong
Omicron Studies Showing Milder Morbidity, Boosting Risk; Australian Dollar Dominates Quiet Forex Session; Last Week Sees Record Global Coronavirus Cases
Two fresh studies in the UK indicate that the omicron coronavirus variant is less dangerous than Delta, encouraging hopes that the current huge omicron wave will not cause a big spike in morbidity.
Omicron Studies Show Milder Morbidity, US Dollar Selling Off
US and European Markets Firmly Higher, US Dollar Resumes Bullish Trend
The Turkish Lira gained almost 39% against the US Dollar in just a few hours after President Erdogan announced a plan to guarantee domestic Lira deposits against their real value in foreign currency.
Turkish Lira Up By >27% on Rescue Package, Global Stock Markets Recover Slightly
Omicron Spreading Rapidly in Europe, Morbidity Still Unclear; Manchin Derails Biden Infrastructure; Turkish Lira Plummets to New Low on Rate Cut Talk; Markets in Risk-Off Mode
The Bank of England announced a surprise rate hike of 0.15% today, making the first increase in its bank rate since August 2018.
Fed Doubles Tapering, Indicates 3 Hikes in 2022; Omicron Soars in UK; Turkish Lira Plummets to New Low
UK inflation rose again this month to its highest in ten years, boosting the prospect of a Bank of England rate hike and sending the British pound higher in value.
Fed Expected to Advance Tapering Wrap; Omicron Set for Massive Wave; Turkish Lira Testing Record Low
US Market Pulls Back; Omicron Variant Close to Dominance in London & Denmark; Turkish Lira Pulls Back from Record Low
US Market Continues Rising After Inflation Data; Chinese Stimulus Looks Likely in 2022
US inflation rises again this month to reach its highest level since 1982, but financial markets barely reacted.