From a technical point of view, the EUR/USD on the hour time frame is still bearish. The price is trading in a wide corridor. Against the background of a sharp strengthening of the dollar index on Friday, the EUR/USD quotes fell sharply.

Our USD/JPY forecast sees the pair rally today and it seems strong enough to approach and reach fresh new highs.

Stocks were mainly lower today, as we saw risk-off take hold of several asset classes.

2022 stands to be a further year of convalescence and recovery in the global economy.

The much-heralded Biden-Xi meeting left little impression on the capital markets.  Equities in the region were mixed, and China's main markets fell, alongside Australia, South Korea, and India.

Separately, China reported that lending slowed sharply in October, and this may spur a policy response in a way that the inflation readings may not.