Concerns Over Omicron Continue To Weigh Heavily on the Markets

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


Concerns about Omicron continue to dominate the markets. The Nikkei plummets after Japan stated it would restrict its borders to all foreigners, citing Prime Minister Fumio Kishida’s statement that he is acting out of a “strong feeling of crisis.” For the time being, the forex markets are quiet, with the Yen and Swiss Franc absorbing some of last week’s gains.

Commodity currencies are also making a minor comeback. However, the variety of currency pairs is relatively narrow.

This week, a slew of significant economic data will be announced. The focus will be on US consumer sentiment, ISM indices, and non-farm payrolls. CPI flash, PPI, unemployment rate, and retail sales will be released by the Eurozone. Employment in Canada, Australia’s GDP, and China’s PMIs will all be discussed.

However, news of the Omicron version and its impact on risk sentiment would eclipse the economic news. Fears are subsiding after panic gripped financial markets on Friday when stock prices tumbled following the discovery of Omicron, a novel covid strain identified in South Africa. The market’s reaction, however, may have been worsened by weak market circumstances caused by the US Thanksgiving break.


As Investors Watch the ‘Omicron’ Headlines, the Market Mood Remains Shaky

The frantic flight to safety on Friday resulted in a steep drop in US Treasury bond yields as well as significant losses in global market indices. The dollar fell against safe-haven currencies like the Swiss franc and the Japanese yen, but it outperformed high-beta currencies. Despite the negative news of the novel coronavirus subtype Omicron, the market mood appears to have brightened slightly on Monday. This week, investors are focused on the German inflation report and eurozone business sentiment data, but risk perception will continue to be the dominant market driver.

Despite the fact that the omicron virus has not yet been found in the United States, Dr. Anthony Fauci, the country’s top infectious disease specialist, and the president’s chief medical adviser, predicted on Sunday that the variety would inevitably arise in the country.

Meanwhile, vaccine makers are evaluating the efficacy of current vaccines against the new variety, but no results are expected for another two weeks or more. Pfizer and Moderna both stated that adjusting the vaccine, if necessary, would take roughly 100 days.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *