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Markets remain subdued as the US Thanksgiving holiday weighs on liquidity and volatility. Although there is a marginal tick higher for the USD this morning, the existing trends of USD correction and risk recovery still hold.
After a choppy 48 hours on major markets, the volatility is likely to continue with Nonfarm Payrolls today. Risk appetite has soured with equities weighed down and the USD gaining.
With a deluge of central bank decisions, major markets have been buffeted higher and lower throughout the week. The wild ride continues on Friday morning, with the USD strengthening once more and indices trying to rebound.
24th February 2022
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