Sentiment towards the USD has improved or rather, global growth sentiment has deteriorated and a rotation back towards the USD is now evident. Since November, the tourism sector has been further battered by a decision to ban incoming flights to the c...

The spotlight remains on oil this morning. Morocco: Data from Morocco’s central banked showed that the country’s foreign exchange reserves rose to $37.05bn by January 7, a 6.8% rise on a year-on-year basis. In a report published on Monday, global cre...

In the commodity space, oil prices are steady this morning after continuing with their new year rally yesterday. Note, the World Bank forecasts that crude oil prices will average $74 per barrel in 2022 as oil demand strengthens and reaches pre-pandem...

The base metals outlook continues to be supported by supply chain issues that are compounding on one another. Various LATAM sources of key base metals have reported lower output in recent data, while geopolitics in Europe and the threat of economic s...

Two sets of labour market data have already been released. Investors are anticipating a rise in payrolls of some 400k, which would be almost double the previous reading of 210k. A poll conducted by Reuters showed that analysts expect that most curren...

Key data scheduled for release today will include the ADP numbers for Dec. It will reflect private sector hiring, which should remain constant above 500k. Ahead of key ADP employment data today, the USD remains on the front foot, although directional...