Cryptos: All News & Analysis

Fed React: Powell is finally ready to take on inflation, Retail Sales revisions, Oil lower, Gold tumbles, Bitcoin higher

US stocks went on a rollercoaster ride after a hawkish FOMC statement initially sent risky assets lower, but then turned positive after Fed Chair Powell tentatively convinced markets they will not be too late with fighting inflation. Much of today went as expected with the Fed raising rates by 25 basis points and addressing how the war in Ukraine is driving additional inflationary pressures. The Fed’s 2022 forecast for inflation was raised from 2.6% to 4.3%.

16-03-2022 15:49 GMT by Edward Moya

Equities buoyed by ceasefire talks

Equity markets are continuing to bounce back strongly on Wednesday, as talks between Ukraine and Russia appear to be nearing a conclusion that could put an end to the invasion. Given how the events have unfolded over the last month, I remain cautiously optimistic at best about a deal. Especially when you consider that Russian attacks on Ukraine are continuing during the negotiations.

16-03-2022 12:51 GMT by Craig Erlam

Stocks rally on oil plunge and soft PPI report, airlines surge,bitcoin trapped

US stocks are getting a boost from a trifecta of reasons: economic and political pressure grow for a Russian ceasefire, oil prices plunge, and after both a softer-than-expected PPI report and a disappointing Empire survey supports the idea that the Fed won’t have to be aggressive with tightening policy over the next few meetings. The S&P 500 index was getting dangerously close to the lows seen at the initial stock market selloff when Russia invaded Ukraine just over two weeks ago.

15-03-2022 13:24 GMT by Edward Moya

Cautiously optimistic

European equity markets have recovered most of their earlier losses but remain a little lower on the day. Stocks are coming off two positive sessions which probably contributed to the downside we saw earlier on despite there being no real negative developments in Ukraine. In fact, commodity prices have continued to decline today which could take the gale-force out of the coming headwinds for the global economy. This remains an incredibly headline-driven market which means investors will likely

15-03-2022 11:17 GMT by Craig Erlam

Risk rebound as talks continue

Stock markets are rallying again at the start of the week as investors continue to be encouraged by reports of progress in talks between Ukraine and Russia. While there has unfortunately been no de-escalation within Ukraine, there is hope that talks between the two sides could lead to a ceasefire. That may be premature, even misguided given how events have unfolded over the last few weeks.

14-03-2022 16:51 GMT by Craig Erlam

Stocks struggle to stabilize as markets focus on Russia-Ukraine talks, Musk still hodling cryptos

Investors eye Fed tightening US stocks are trying to stabilize as investors await Fed tightening and as optimism over diplomatic efforts to end the war in Ukraine fades. Financial markets are still expecting the US economy to be in decent shape even as the economic impact from widespread pricing pressures continue.

14-03-2022 14:32 GMT by Edward Moya

Market Insights Podcast (Episode 306)

Jonny Hart speaks to APAC Senior Market Analyst Jeffrey Halley about news impacting the market and the week ahead. This week we start with Asian equity markets. China markets and much of Asia are falling as Covid lockdowns expand, but US futures and others are rallying on Ukraine negotiation hopes.

14-03-2022 04:55 GMT by Jeffrey Halley

Market Insights Podcast (Episode 305)

Jonny Hart looks back on the week's business and markets news with OANDA Senior Market Analyst Ed Moya in New York. This week they discuss how financial markets reacted to the latest inflation report, President Biden's executive order on cryptos, and recapped what happened with energy markets. They also discuss what the week ahead has in store for financial markets.

11-03-2022 12:08 GMT by Edward Moya

Commodities and Cryptos: Oil remains volatile, Gold tumbles, Bitcoin below $40k

Oil Crude prices tentatively turned negative after Russian President Putin saw “certain positive shifts” in talks with Ukraine. Oil will remain a volatile trade as the headlines regarding the war in Ukraine and Iran nuclear talks will keep traders on edge. Optimism for a Russia-Ukraine ceasefire is driving crude prices lower but that might not continue much until Russian ease up on their attack in Western Ukraine. Energy traders went into this week thinking Iran had a small chance there for a

11-03-2022 11:53 GMT by Edward Moya

Cause for optimism?

European equity markets are making decent gains on the final day of the week, buoyed by a suggestion that there has been progress in talks between Ukraine and Russia. We were already seeing stock markets making cautious gains in morning trade but they were given a boost by comments from Vladimir Putin. While I would love nothing more than to believe what he said to be true, I would caution that Putin has said a lot in recent weeks, almost all of which has been untrustworthy. With that in mind,

11-03-2022 09:16 GMT by Craig Erlam

Stocks sink as high-level talks disappoint, inflation at highest in 40 years, ECB to end QE sooner, bitcoin falls

US stocks declined after both high-level talks did not produce a stop in fighting and as investors worry that war in Ukraine could lead to higher inflation for much longer. Today’s inflation report showed widespread pricing pressures before the full impact of the global shock from the Russian invasion of Ukraine. Energy costs, soft commodities, and metals will continue to see upward pressure and that will start to be sticky as wages soften.

10-03-2022 16:16 GMT by Edward Moya

Swift risk-reversal

European markets have made significant losses again on Thursday, as risk appetite reversed following unsuccessful talks between Ukraine and Russia. There can't have been much expectation for anything more given the wide-ranging demands and ridiculous justifications we've seen from Russia for the invasion, or "special military operation". But I guess high-level talks are a small step in the right direction which has provided some hope. With the lack of progress and the continued assault on Ukra

10-03-2022 13:18 GMT by Craig Erlam

A premature rebound?

Equity markets bounce back Stock markets are rebounding strongly on Wednesday, with Europe posting gains of up to 5% as investors question whether the worst is already priced in. I'm certainly not convinced that this is the case but stocks have fallen a lot in recent weeks and comments from President Zelensky around NATO membership could be viewed as a first and important step towards a compromise between Ukraine and Russia. Perhaps what we're therefore seeing is a hopeful rally rather than o

09-03-2022 11:49 GMT by Craig Erlam

Asia’s modest relief rally

US bans all Russian energy imports The announcement by President Biden overnight of a unilateral ban on Russian energy imports had been well flagged to markets already. That limited the fallout from the announcement and although energy prices still finished higher overnight, equity markets in New York were only slightly lower.

09-03-2022 03:43 GMT by Jeffrey Halley

Stocks remain persistently volatile, commodity craziness, nickel's historic move, bitcoin higher

Trading US stocks has become massively complicated as the impact from the war in Ukraine continues to drive persistent volatility with commodity prices, which is wreaking havoc on inflation expectations and driving recession fears. US stocks pared losses as some investors still remain confident with the economic outlook for the rest of the year, but that rebound did not last. Geopolitical risks and surging commodity prices are crippling everyone’s short-term US stock market outlook and that wi

08-03-2022 15:40 GMT by Edward Moya

Temporary comfort

European stock markets have been given an unexpected boost on Tuesday following reports that the bloc is close to an agreement on fresh joint bond sales to fund major projects. It was reported that the joint bond sale will fund energy and defence spending across the EU following the Russian invasion of Ukraine. Europe has long been criticised for its over-reliance on Russian oil and gas, as well as its failure to hit its 2% NATO defence spending target, and the invasion has created the urgency

08-03-2022 10:45 GMT by Craig Erlam

Stocks lower as surging oil prices threaten growth prospects, Kohl’s investor day disappointment, Bitcoin back to being a risky asset

US, European stocks fall as oil prices skyrocket US stocks declined as surging commodity prices continued to add to worry that economic growth prospects will take a big hit as the Ukraine uncertainty persists. The crippling effect of oil prices above USD 130 would send many European economies into a recession and that sent major European stock indexes into bear market territory. Long-term investors however are growing confident that most of the exposure risk for European banks with the Russia

07-03-2022 15:50 GMT by Edward Moya

Panic start to the week

European markets entered bear market territory at the start of the week as panic set in at the open in response to reports of the US looking to impose a ban on imported Russian oil. To make matters worse, the reports appeared to suggest Europe is considering similar action as well which would be a monumental blow for Russian producers and the economy. It would also be a massive problem for Europe as there isn't exactly an abundance of alternatives out there right now. The initial reports sent

07-03-2022 11:59 GMT by Craig Erlam

Commodities and Cryptos: Oil higher, Gold shines, Bitcoin lower after Nuclear plant seized

Oil Crude prices rallied after Russian troops seized control of Europe’s largest nuclear power plant in Southeastern Ukraine. A fire at the nuclear site was extinguished and early reports were that there was no immediate indication of a rise in radiation levels. Yesterday, hopes were growing that a third round of talks could happen and lead to a ceasefire and later that night Russia forces continued to make gains. Oil prices has been a one-way market, but the potential return of Iranian crud

04-03-2022 12:48 GMT by Edward Moya

Bear market territory

European markets are closing in on bear market territory in heavy selling at the end of the week as investors grow increasingly fearful of recessionary and escalation risks. The sell-off has gathered pace as the morning has progressed and I can't expect the mood will improve as we head into another highly uncertain weekend. The fact that Vladimir Putin is showing no desire to de-escalate despite crippling economic sanctions says everything about his mentality and that is bad news for everyone.

04-03-2022 09:31 GMT by Craig Erlam

Cryptos: all news & analysis