Open: New York Session | Forex, Metals, Oil, Agriculture December 20, 2022

A member of the National Guard plays a trumpet during a flag rai

Currencies

The dollar traded near its troughs of the day, feeling the pressure from the Japanese yen s surge of more than 3%.

Metals

Oil, gold and Bitcoin all rose.To catch up on the trading day in the UK and Europe, check out today s edition of City Latest. Where will oil, gold and Bitcoin trade a year from now?

United States

In the finale of a 17-month investigation, the panel voted unanimously Monday to refer Trump for prosecution by the Justice Department on four criminal offenses including insurrection. Kris View in browser Japan s central bank jolts markets, US lawmakers recommend prosecution for Trump and Elon Musk signals restrictions on Twitter polls. The action adds to the legal and political troubles plaguing Trump s 2024 re-election bid, with some polls putting him behind Florida Governor Ron DeSantis for the Republican nomination.
But first… Today’s must-reads The US is concerned China s runaway Covid-19 outbreak might spawn new mutations as the Chinese government grapples with loosening its Covid Zero protocols. Trump recommendation Donald Trump should be prosecuted for his role in the Jan. 6 assault on the US Capitol, according to a recommendation by a House of Representatives committee. Whatever the BOJ calls this, it is a step toward an exit, said Masamichi Adachi, chief Japan economist at UBS Securities and a former BOJ official.
Stocks retreat S&P 500 futures fell 0.2% as of 5:40 a.m. in New York, while Nasdaq 100 contracts saw declines of 0.4%.

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