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What a start to the year, with the US intervention in Venezuela being the biggest news story in the field of geopolitics since his falling out with Zelensky way back in the summer.
The fate of the US admin in Venezuela hangs in the balance and a deterioration of the internal situation in the country could see a full US invasion, the thought of which is spooking traders across the market.
For now, the situation and the fear it has created is helping the USD higher as a flight into safe havens is underway. How the market will respond to a larger US commitment to the country remains to be seen. With very few UK, EU or even Japanese releases this week, US factory orders and NFP are the major data points, giving the first full week of 2026 a distinctly American flavour.
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