Open: New York Session | Forex, Metals, Oil, Agriculture December 16, 2022

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Currencies

The dollar turned marginally lower on the session again, with the Japanese yen outperforming peers in the Group of 10 currencies.

Metals

Gold was little changed, while oil and Bitcoin fell.

United States

Coming up… After a very busy week things are taking a quieter turn today, with PMI data the only major release in the US. Reed Stevenson Hidden Fentanyl Photographer: Thomas Simonetti/Bloomberg As the world focused on Covid, the US opioid crisis got a lot worse. US futures extended declines, with S&P 500 contracts down 1.1% and Nasdaq 100 about 0.8% lower as of 6:16 a.m. New York time. Akufo-Addo, while in Washington for the US-Africa Leaders Summit, raised the claims at a meeting with US Secretary of State Antony Blinken.
Later on, there’s a speech on the economy from the Fed’s Mary Daly.

China

Then the PBOC stepped in to pump more cash than forecast into the banking system.

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