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COVID Omicron Effect on WTI & Indices. EUR Rebounding? Non-Farm Payrolls this Week.

   

Welcome to this week’s Market Blast Fundamentals.

Subscribe to Valutrades Signals at https://www.valutrades.com/en/trading-signals

I’m Brad Alexander and, on behalf of Valutrades, today we will take a look at EURUSD, EURJPY, the NASDAQ (US100), the S&P500 (US500), and WTI (US Oil).

We can see the big drop in the price of WTI last week as the markets feared the effect of lower demand caused by the new COVID variation — Omicron.Screenshot 2021-11-29 at 11.51.24

However, this morning, prices have rebounded as the medical data on the virus, over the weekend, may not be as bad as many feared.

World leaders released 10s of millions of barrels of oil from their reserves having little effect on prices, last week, as this was mostly a political strategy.

So, as usual, any positive news on COVID should push the prices of Crude Oil higher and news on a colder winter in Europe will also affect prices.

We have seen the same pattern with all the Global Stock Indices as equities fell last week but futures prices are rising now as bargain-hunters are buying back into the markets.Screenshot 2021-11-29 at 11.52.06

Here as well, any positive news on the new COVID variant will drive prices higher on indices like the NASDAQ, S&P500 and the DAX40.

We see many investors already “Buying the Dip”.Screenshot 2021-11-29 at 11.52.41

We saw a EUR rebound last week with a slight pullback this morning on all pairs except EURJPY and we will be listening to what Christine Lagarde has to say about the economy, inflation and Interest rates this week.Screenshot 2021-11-29 at 11.52.59

We have lots of economic news this week and investors will still be waiting for information on Interest Rates from the Bank of England and the US Federal Reserve.

Thanks for watching and don’t forget to subscribe to Valutrades Signals and the link will be in this video’s description below.

Also, subscribe to our YouTube channel and register on the Valutrades website to get notifications on new content as it happens.

That’s all for now.  Happy trading with Valutrades and we will see you next time.

CFDs and FX are leveraged products and your capital may be at risk.29 November 2021 Fundamentals EN TN

 

Disclaimer:

The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice. If such information is acted upon by you then this should be solely at your discretion and Valutrades will not be held accountable in any way.

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