Cryptos: all news & analysis

Keep up to date with the dynamic cryptocurrency market. We provide timely coverage of price movements, emerging trends, and expert insights on Bitcoin, Ethereum, XRP and other top digital assets. Our website offers the latest information on blockchain technology, regulatory developments, and market analysis, which are all pivotal in understanding crypto valuations. So, whether you're an experienced trader or embarking on your crypto journey, MarketPulse will help you make smart decisions in this exciting field.

Relief rally already struggling

Equity markets have erased early gains to trade in the red on Thursday, as investors take a cautious approach ahead of Friday's jobs report. The narrative in recent days of weaker data being positive as it could be a precursor to slower tightening didn't seem sustainable and it's already proving to be the case. I think it was more a reflection of the steep sell-off in the markets and the performance of risk assets in general over the six weeks previous, rather than the data.

06-10-2022 09:31 GMT by Craig Erlam

October rally over, robust service sector hiring, bitcoin drifts below $20k

The economy is too strong for the Fed to pivot. The strong start to October is over after both a private payroll report and service sector data reminded investors how strong some parts of the economy remain.

05-10-2022 14:10 GMT by Edward Moya

Paring gains

Stock markets are paring gains after a phenomenal rebound on Monday and Tuesday as two weeks of losses were wiped out in just two sessions. It's been a very impressive relief rally, albeit one aided by a rose-tinted interpretation of certain economic indicators and a terrible plunge in the weeks before. This isn't the time to get carried away but it is understandable that we're seeing some relief.

05-10-2022 12:34 GMT by Craig Erlam

US Close: Stocks surge as the peak in rates is in place, 1.1 million job openings disappear, RBA downshifts, Oil surges as OPEC+ eyes potential 2 million bpd cut, Gold stronger, Bitcoin above $20k

Wall Street sees light at the end of the Fed rate hiking tunnel and the scramble to pick up stocks is on. Investors are growing confident that the peak in rates was made last week.

04-10-2022 15:49 GMT by Edward Moya

An unsustainable rebound?

Stock markets recovered earlier losses on Monday and are adding to that in early trade on Tuesday, with Asia also posting strong gains. The turnaround in risk appetite appears to have been driven by another deterioration in PMI surveys as traders speculate that such weakness could be a precursor to slower monetary tightening. If that sounds like straw clutching, it's probably because it is but then, equity markets have had a rough ride of late and that can't last forever. The deceleration begins

04-10-2022 06:09 GMT by Craig Erlam

Stocks rally and yields plunge on softening inflation hopes, ISM shows weakness, crypto range-bound

US stocks are surging to kick off October, helped by tumbling Treasury yields after a key manufacturing report showed noticeable signs of downward pressure on inflation. It is premature to say that the Fed is almost done with tightening, but it seems Wall Street is growing confident that they could be done in December. Investors are starting to doubt central banks globally will remain aggressive with fighting inflation as financial stability risks are growing; first we almost had a gilt market

03-10-2022 12:30 GMT by Edward Moya

An eventful start

The week is off to an eventful start with the UK government announcing its first u-turn, speculation mounting ahead of the OPEC+ meeting and Japan warning of another possible FX intervention. Equity markets have been flashing red once again on Monday as investors continue to fret over the outlook for the global economy. There remains considerable uncertainty over where the peak is for inflation and interest rates and how quickly they will fall thereafter.

03-10-2022 09:36 GMT by Craig Erlam

A busy end to the week

Stock markets are bouncing back on Friday, although I don't think anyone is getting excited by the moves which pale in comparison to the losses that preceded them. This looks like nothing more than a dead cat bounce after a steep decline over the last couple of weeks as investors have been forced to once again accept that interest rates are going to rise further and faster than hoped. Double-digit eurozone inflation Inflation in the eurozone hit 10% in September ahead of schedule, with markets e

30-09-2022 07:17 GMT by Craig Erlam

Stubborn inflation

Another miserable day for European equity markets as the prospect of recession becomes ever more real. US markets aren't faring any better after the jobless claims data that showed the labour market is still performing remarkably well despite all of the challenges the economy faces. While that would ordinarily be celebrated, on this occasion that resilience could translate to stubborn inflation and more rate hikes. Focus will now shift to inflation, income and spending figures tomorrow.

29-09-2022 13:00 GMT by Craig Erlam

Stocks rally as BOE intervenes, promising news from Biogen, bitcoin

US stocks are rallying after the BOE’s intervention tentatively halted the bond market selloff. The theme on Wall Street is rising risks for a hard landing next year, while we are hearing a steady chorus of Fed speak that mostly confirmed the market’s expectation that rates will rise to 4.25%-4.50% by the end of the year. Some traders are growing confident that we are close to seeing the end of the Fed's tightening cycle, but that is still too early to say. BOE The UK economy was hit with Br

28-09-2022 12:55 GMT by Edward Moya

No letting up

It would appear we're in for another day of risk-off trade, with parts of Asia recording heavy losses and Europe opening on the backfoot. Fear of tightening-induced recessions has wiped out the recovery we saw in stock markets over the bulk of the summer as investors were once again burned by an over-eagerness to catch the bottom in the market despite there being little evidence of it being justified. That fear has now gripped the markets and we may see a little more caution going forward as the

28-09-2022 04:00 GMT by Craig Erlam

Market Insights Podcast (Episode 379)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discuss the crashing pound, BoJ bond buying and bitcoin.

27-09-2022 16:06 GMT by Craig Erlam

Mid-Market Update: Stocks fragile rebound, crude stabilizes, gold bounce, bitcoin above $20k

After stocks fell to the lowest levels since 2020, Wall Street called a timeout to the massive rout that has many traders fearing central banks worldwide will trigger severe recessions. The latest round of Fed speak provide some optimism that the Fed is getting close to finishing up this rate-hiking cycle. Fed’s Evan said it will be appropriate to slow the pace of rate hikes at some point, while Bullard noted that US rates have arguably moved into restrictive territory. Today’s stock market

27-09-2022 11:11 GMT by Edward Moya

Gold and oil rebound, bitcoin above $20,000

Oil pares losses ahead of next week's OPEC+ meeting Oil prices are recovering following the sell-off over the last couple of sessions. The prospect of a deeper economic slowdown, perhaps even global recession, has naturally turned traders more bearish on the price of oil as demand would naturally slump in those circumstances relative to prior expectations. Of course, there is another side to that equation, supply.

27-09-2022 06:43 GMT by Craig Erlam

Oil and gold slide, bitcoin resilient

Oil slips further amid economic concerns Economic woes continue to weigh on oil prices, with Brent and WTI off around 1% again today and trading at pre-invasion levels. With more and more central banks being forced to take extraordinary measures no matter the cost to the economy, demand is going to take a hit which could help rebalance the oil market. Of course, OPEC+ has made its position on this perfectly clear and should it wait until the next scheduled meeting on 5 October, I expect there'

26-09-2022 12:16 GMT by Craig Erlam

US Close - Unsettling volatility, stocks crushed, GBP plunges, oil tanks, gold gutted, bitcoin lower

Unsettling market volatility is going to be here for a while as Wall Street broadly downgrades their end of year S&P 500 targets. The bond market is telling us they firmly believe Fed Chair Powell has rolled up his sleeves and is ready for this fight with inflation to get ugly.

23-09-2022 14:22 GMT by Edward Moya

Piling on the misery

A negative end to the week in Asia, and Europe has quickly followed as the prospect of much more tightening and a recession weighs on sentiment. The last 48 hours have seen central banks around the world aggressively tightening as they continue their fight against high inflation. There are a couple of exceptions including the BoJ which instead facilitated the first FX intervention since 1998.

23-09-2022 04:57 GMT by Craig Erlam

A historic day in FX (BOJ, BOE, SNB, SARB, BCB), global tightening sends stocks lower, bitcoin surprisingly steady

Global equities are struggling as the world anticipates surging rates will trigger a much sooner and possibly severe global recession. The Fed has succeeded in convincing markets that they will remain aggressive with fighting inflation and that has many expecting another 75bp rate increase in November. The aftermath following the Fed was a wave of aggressive tightening by several other central banks. Most of these rate hikes around the world are not done yet which means the race to restricti

22-09-2022 13:59 GMT by Edward Moya

A wild 24 hours

Stock markets aren't faring too badly on Thursday, which is arguably surprising considering how eventful the last 24 hours have been. It's hard to know where to start on a day like today. While the Fed's hawkish rate hike is probably the dominant driver in the broader markets, the dangerous nuclear threats from the Kremlin are causing quite a stir and then there's the small matter of Japan's first FX intervention in 24 years which has triggered some huge moves in the yen. Fed resists the urge Th

22-09-2022 09:20 GMT by Craig Erlam

FOMC React: Hard landing will lead to a pause, housing market cools, Putin’s escalation, bitcoin stabilizes

Stocks initially tumbled after the Fed remained very much committed to winning the war against inflation. The Fed is not taking any chances with inflation and they are prepared to send this economy into a recession.

21-09-2022 15:40 GMT by Edward Moya

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