US equity markets continue the bull run to open the 2026 trading year. Confidence is high, with the hopes that 2026 hold, financially and Geo-Politically. Venezuela has opened the potential of a resource bonanza and also the prospect of more open economies in South America. US Bond yields pushed higher, as did the US Dollar, despite softer PMI data. The EUR slipped below 1.1700, while the GBP also lost ground, surrendering 1.3500. Commodities are on fire and this has lit up the AUD, which has jumped to 0.6730, while the NZD heads back towards 0.5800. Australia is a true commodity country and has finally started to receive some attention, in the form of the currency reflecting capital flows. The cross rate with the NZD has hit multi-year lows. A huge deluge of economic data is set to be released in the remained of the trading week.
