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Business Ideas Feed – European Session December 7, 2021

Risk continues to hold itself in a good position to start the week as the market pushes omicron’s fears for the time being. US and European futures are trending higher again after a positive performance yesterday, with oil even rebounding above $ 70.

The general mood gives the impression that we are leaning towards optimism about omicron, in the same expectations that market fears may have been exaggerated with delta. However, beware that information is still rather scarce and there could be more twists and turns to follow in the days / weeks to come.

As mentioned at the start of this entire episode, Yen Pairs and Oil are two areas I would focus on to capitalize on any sentiment rebound. However, I’m still skeptical of the former, but Oil appears to have found a stable base from last week’s lows with increasing long positions a favored game.

On the contrary, I would always expect oil prices to rise further until omicron completely derails the outlook for global demand.

Another place to watch is gold amid the strong seasonal tailwind, but I’m still more patient about it and I’m waiting for a better technical picture to support this potential play.

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