Markets in full risk-off mode!

The US Dollar shrugged off the data, which saw a GDP revision miss and jobless claims in line with expectations. The USD (& Yen) has largely steadied just under its best levels in early NY trade, with most of the moves coming overnight as Russia invaded Ukraine. US Q4 real GDP growth was bumped up to 7.0% from the 6.9% pace in the Advance reading, and compares to 2.3% in Q3, the hottest since Q3 1981. The USDIndex topped at February highs of 97.24, up from 96.19 at the close on Wednesday, and currently sits at 97.19. EURUSD is just off its earlier lows of 1.1155, trading at 1.1170, while USDJPY idles at 114.85, after bottoming at 114.47 in London trade. Equity futures and yields remain sharply lower.

Click here to access our Economic Calendar

Andria Pichidi

Market Analyst

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distribution.