Today’s concern is about this week’s 17 central bank policy meetings to strike

Updated time: 26 Jan, 2022, 13:51 (UTC+04:00)

Marker news

Today’s concern is about this week’s 17 central bank policy meetings to strike a difficult balance between uncertainty of Omicron and elevated inflation. As much reaction to last Friday’s U.S inflation reports was already priced in on policy, investors could feel ready for unexpected surprises about currency volatility. The Fed’s faster tapering will also be centered this week.

Asian stocks recorded highs.

  • MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.2%.
  • Japan’s Nikkei climbed 1%.
  • Nasdaq and S&P 500 futures added 0.2-0.3%.

Currencies:
The dollar has been supported by a more aggressive Fed, with the dollar index steady at 96.069. The USD/JPY was at 113.52 while the EUR/USD stood at $1.1313. The pound slipped 0.1%. However, more will be confirmed as the market was in the midst of a swing.

Crypto:
Uncertain. BTC returned above $50,000 after S&P 500 rose. ETH bounced back above $4,100 but was still volatile.
DeFi tokens promise a wealth of opportunity for investors, but should be more cautious of rug pulls and protocol hacks.

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