Cryptos: All News & Analysis

Bye-bye-bye soft landing, tech woes drag stocks down, BOC ready to pause hikes, bitcoin lower on risky asset selloff

US stocks are declining after a couple of major tech warnings are making traders nervous about a macro slowdown. Stock bulls may hate but it ain’t no lie, it is time to say Bye Bye Bye to a soft landing. Tech earnings from Microsoft to Texas Instruments clearly painted a picture of a macro slowdown.

25-01-2023 12:50 GMT by Edward Moya

Earnings dampening the mood

Equity markets are back in the red on Wednesday, as investors appear to prepare themselves for a disappointing earnings season for big tech. The last few weeks may turn out to perfectly encapsulate how the year will be as a whole, fluctuating significantly and suddenly between optimism and pessimism as the data and headlines dictate. We appear to have entered the latter phase now after starting the year in a very buoyant mood, with earnings painting a more realistic picture of the outlook for th

25-01-2023 10:35 GMT by Craig Erlam

Mid-Market Update: Stocks waver, US PMIs improve but cost pressures return, Unnecessary NYSE chaos, 3M’s warning, Oil drops, Gold hovers near highs, Bitcoin softens

US stocks edged lower after a mixed bag of economic data still keeps the inflation risk on the table. Earnings season is about to heat up soon and if Microsoft and Texas Instruments are too cautious with the outlook, that might kill risk appetite.

24-01-2023 13:29 GMT by Edward Moya

Choppy trading

Equity markets are largely moving lower on Tuesday, reversing part of Monday's gains in what remains quite choppy trade. Earnings season will continue to dominate and so far, there isn't really anything positive to take away from it. There are still a lot of huge names to report, of course, but so far it basically underlines everything investors already think about the economy at the moment. The environment is currently very challenging and uncertain, while the labour market is overly tight unde

24-01-2023 09:33 GMT by Craig Erlam

A big week of earnings

Not the most eventful start to the week but that's unlikely to last with earnings being a particular focus in the coming days. This is likely to be one of the busier earnings weeks with some major names scheduled to report. It hasn't been a great start and disappointing results last week, particularly in financials, took the wind out of the sails of the new year rally.

23-01-2023 08:13 GMT by Craig Erlam

It's going to be a bumpy ride

It's been another eventful week and one that serves to remind us that while there may be more sources of optimism this year, compared with last, it's going to be a very bumpy ride. There's no doubt that there's been plenty more cause for optimism so far this year, especially compared with what we became accustomed to in 2022. The US could achieve the soft landing that many have doubted is possible, China could bounce back strongly from the dropping of Covid restrictions and the euro area may avo

20-01-2023 08:39 GMT by Craig Erlam

Mid-Market Update: Stocks drop on tightening and growth fears, Fed speak, Treasury uses special measures, US Data, Oil higher, Gold shines, Bitcoin finds support ahead of $20k

US stocks are declining after another labor market statistic shows that despite all the big-tech post-pandemic layoffs, the jobs market remains hot. The labor market needs to break to allow the Fed to comfortably keep rates on hold.

19-01-2023 11:09 GMT by Edward Moya

Recession bound, Yellen restarts talks with China, BOJ, oil higher, gold holds $1900, bitcoin weakens

US stocks declined after traders digested softer economic readings that are starting to raise growth concerns. The ‘bad news is good news’ rally ran out of steam as investors started to realize a recession is coming. US data A swathe of economic data confirmed that disinflation trends clearly remain in place. Recession-bound risks are rising after a larger-than-expected PPI decline, a major downshift in spending, and plunging industrial production. This round of falling PPI pressures comp

18-01-2023 14:30 GMT by Edward Moya

Stubborn

Equity markets are marginally higher in Europe, with the Nikkei outperforming in Asia on the back of a much weaker yen. BoJ stands firm The Bank of Japan has decided to stand its ground against market forces that have forced it to purchase huge amounts of JGBs in order to defend its yield curve control upper band. Despite mounting speculation that it could be prepared to further tweak the tool or abandon it altogether, the central bank has stubbornly dug in its heals and seemingly prepared itsel

18-01-2023 05:59 GMT by Craig Erlam

US Close: A busy Tuesday (China’s GDP, Goldman, Morgan Stanley, Empire, ECB), Commodities mixed, Cryptos soften

US stocks are wavered as traders digest mixed bank earnings, a disheartening Empire manufacturing report, and as Treasuries rally at the front-end of the curve. The Dow’s decline is mostly thanks to Goldman Sachs massive earnings miss. China’s GDP The good outweighs the bad with the outlook for China’s economic future. China’s latest swathe of economic data points provide significant optimism that their reopening momentum could impress throughout the year.

17-01-2023 14:02 GMT by Edward Moya

Pushing back

Equity markets are a little softer on Tuesday as investors await more earnings from the US and closely monitor events in Davos. Stocks have had a strong start to the year on the belief that interest rates may not go as high as feared and even move into reverse later in the year. While that is looking plausible in the US, it may not be the case in Europe where policymakers are seemingly still some way from considering the tightening cycle complete. The ECB, for example, was very late to the party

17-01-2023 07:50 GMT by Craig Erlam

Market Insights Podcast (Episode 420)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discuss the speculation around the Bank of Japan's yield curve control, Davos, and cryptos.

17-01-2023 02:36 GMT by Craig Erlam

Eyeing Davos and earnings

A relatively muted start to the week amid lighter expected trade due to the US bank holiday, with Europe and much of Asia posting small gains. It's been quite a frantic start to the year so investors may be capitalizing on the opportunity to catch their breath. They won't have long given the flurry of central bank speak as policymakers gather in Davos this week and as earnings season heats up in the US. There's certainly an increasing sense of optimism about 2023 as we make our way through the o

16-01-2023 09:10 GMT by Craig Erlam

Market Insights Podcast (Episode 419)

OANDA Senior Market Analyst Ed Moya reviews the latest market news with Jonny Hart. They discussed inflation drivers, bank earnings, oil markets, Bitcoin's breakout, and the week ahead.

13-01-2023 15:00 GMT by Edward Moya

Mid-Market Update: A busy earnings start, Sentiment Rebounds, Tesla woes remain, Oil’s good week, Gold shines, Crypto breakout?

US stocks were initially softer after the banks delivered a disappointing start to earnings season along with a downbeat outlook for the economy. Stocks are heading lower as Wall Street anticipates earnings will decline significantly and margins will be tested. This is the quarter that companies will announce layoffs and cost-cutting measures as the economy still appears to be recession-bound. Stocks pared losses after consumer sentiment rose to a 9-month high. Plunging gas prices were a k

13-01-2023 11:14 GMT by Edward Moya

Earnings to spoil the party?

It's been another lively week in financial markets and one in which investors have become increasingly hopeful that 2023 won't be as bad as feared. In a way, the week started with the jobs report the Friday before as it was this that enabled the enthusiasm to build. The labour market has been a major barrier to optimism as the Fed was never going to pivot quickly unless there were signs in the labour market that slack was building and wages cooling.

13-01-2023 07:49 GMT by Craig Erlam

Volatile session after another cool CPI report, Fed’s Harker/Collins support another downshift, Claims suggest labor still too strong, Oil rallies on weaker dollar, Gold tests $1900, Bitcoin nears $18,500

US stocks initially rallied as inflation continues to ease and as Fed members are clearly signaling a smaller tightening pace going forward. The dollar also headed lower as a subdued inflation report should let the Fed slow their hiking pace again. It became clear fairly quickly that stocks would not hold onto initial gains as we will likely remain being data-dependent going forward. The labor market is still hot and much of the relief we saw with energy prices appears to be going away this mon

12-01-2023 10:28 GMT by Edward Moya

Will the inflation report deliver?

European equity markets opened cautiously higher on Thursday, following a mixed session in Asia amid nerves around the US inflation release later in the day. This inflation print has been the main topic of conversation all week. The jobs report last Friday changed the dynamic in the markets and ensured that not only was this CPI report going to be important but in all likelihood pivotal ahead of next month's Fed meeting. We've gone from inflation declining but the labour market being stubbornly

12-01-2023 04:12 GMT by Craig Erlam

Calm before inflation storm, air travel got grounded, is WWE the next meme stock? Crypto softens

US stocks are drifting higher as optimism remains intact that a pivotal inflation report will continue to show disinflation trends remain in place. Right now might be the calm before the inflation storm as we are not seeing major positioning ahead of this CPI report.

11-01-2023 14:54 GMT by Edward Moya

All eyes on the inflation report

Investors remain in an upbeat mood going into tomorrow's US inflation report, buoyed still by the December jobs report and the prospect of the economy being less squeezed by interest rates. Fed Chair Jerome Powell may have refrained from commenting on the monetary policy outlook on Tuesday but the chances are he wouldn't have said anything investors would have liked even if he had addressed it. It's been clear from other commentaries that policymakers are sticking to the hawkish script. Another

11-01-2023 11:16 GMT by Craig Erlam

Cryptos: all news & analysis