37 days ago • Posted by Paul de La Baume

EUR/USD jumps, investors fears ease #EUR #USD #forex #trading #stocks #NDX

Sentiment improved on Wednesday afternoon with Omicron fears easing. New study shows Omicron could have 80% lower risk of hospitalization. EUR/USD shot up +0.5% to 1.1338. In a risk-on fashion investors sold USD long positions. The broader stock markets are ripping higher, consolidating on yesterday's gains. The outlook remains mixed as investors digest central banks tightening, and Omicron fears. We are closer to entering a period of the year usually favorable for stocks, between Christmas and the first few weeks following New Year.