Cryptos: All News & Analysis

US Close: Wall Street rattled on reports US expects Russia to invade Ukraine next week. Yen, Oil, and Gold pop higher, while Stocks, yields, and Bitcoin drop

Wall Street has an inflation hangover as higher rates continue to drag tech stocks down. US stocks were trying to stabilize as yields came in. Yesterday’s inflation shocker has many bond traders believing the Fed is behind the curve and will be delivering several rate hikes. Many Fed members feel inflation will meaningfully decelerate later this year and that is why calls for seven rate hikes might be too aggressive. US stocks were supposed to have a period of calm this afternoon as Treasury

11-02-2022 14:54 GMT by Edward Moya

Ending the week in the red

Stock markets are ending the week in the red after investors were dealt another inflation blow on Thursday which dampened sentiment once more. We were just starting to see confidence building in the markets, with investors seemingly coming to terms with the prospect of four or five rate hikes this year. But the relentless and broad-based price rises in the US delivered yet another hammer blow and ruined any momentum that had been building into the report. We're now entering into quite uncomfor

11-02-2022 08:33 GMT by Craig Erlam

Inflation shock, Stocks pare losses as Wall Street eyes half point March Fed rate hike, bitcoin

A hot inflation release has Wall Street bracing for a half-point Fed rate hike in March, with a full percentage point of hikes by July. Everything got more expensive in January and fears remain that it will get worst.

10-02-2022 12:27 GMT by Edward Moya

Bitcoin - Brighter days ahead?

OANDA Senior Market Analyst Craig Erlam discusses bitcoin's resurgence and whether it can be maintained.

10-02-2022 12:26 GMT by Craig Erlam

Bond market selloff can’t continue until CPI data, stocks rebound on Bostic and as yields drop, bitcoin eases

US stocks are rising after both Fed’s Bostic assuaged investor fears of an overly aggressive Fed tightening cycle and as the global bond market selloff takes a break in anticipation of tomorrow’s inflation report. Fixed-income traders made it clear early that the 10-year Treasury yield would not break above the 2.00% level before Thursday’s inflation data.

09-02-2022 12:13 GMT by Edward Moya

Confidence building

Stock markets are making decent gains in Europe on Wednesday and US futures are also being led higher as confidence continues to build following a torrid start to the year. Investors' mood brightens It's hard to pinpoint exactly what has changed; whether it's earnings that are lifting the mood or the soothing tones of central bankers desperately trying to manage expectations. Perhaps it's simply a case of investors coming to terms with the tightening environment and feeling more comfortable wi

09-02-2022 08:34 GMT by Craig Erlam

Optimism ahead of Fed and inflation data

We're seeing further signs of stabilization in the markets on Tuesday, as the relatively peaceful start to the week continues. It's been a wild start to the year and it seems investors are embracing the less intense start to the week, probably with an eye on what's to come over the next couple of days. Recent weeks have brought so much anxiety to financial markets as yields have accelerated higher in anticipation of a series of rate hikes from central banks. The inflation data has continued to

08-02-2022 13:46 GMT by Craig Erlam

Stocks turn positive, NFIB all about inflation, Peloton's wild ride, bitcoin rally takes a break

US stocks initially edged lower as Treasury yields continue to climb higher and after a wrath of corporate headlines remind investors that their favorite COVID trades are over. When the world shut down, investors became big fans of Pfizer and Peloton shares, one company provided hope to protect the vulnerable and the other created a cult around home fitness.

08-02-2022 12:15 GMT by Edward Moya

US Close: Slow Start for Stocks, Lagarde pushes back, Oil rally pauses, Gold rallies, Bitcoin momo is back

US stocks will struggle for direction until the latest inflation tilts market’s expectations as to how aggressive the Fed will tighten into what is still deemed as an overvalued stock market. Wall Street saw early selling pressure for tech stocks as investors still digest a wrath of disappointing outlooks and surging borrowing costs. Technology stocks are no longer a one-way trade as investors cut losses and now focus on valuations, competition, and long-term outlooks. FX Financial markets are

07-02-2022 16:29 GMT by Edward Moya

A calm start to the week

It's been a relatively timid start to the week which is perhaps not overly surprising given the rather eventful period we've just experienced. Going into a new week, the dominant theme in the market is the same and will be for some time. The last couple of weeks has only elevated that as central banks have shifted into a higher gear and markets have continued to price in ever more tightening. In the case of the ECB, a handbrake turn on interest rates has certainly not gone unnoticed and everyo

07-02-2022 10:55 GMT by Craig Erlam

Commodities and Cryptos: Oil surges, Gold hovers around $1800, Bitcoin $40k ceiling may get tested

Oil Crude prices seem to have a one-way ticket to $100 oil. This week’s rally in crude was supported by the OPEC+ decision to stick to their gradual increase strategy and as US production fell again. An artic blast is also disrupting some production in Texas and that is driving this latest price surge. Initially crude prices pared gains after a shockingly strong NFP report sent yields and the dollar higher, but that was short-lived as energy traders realized that the key takeaway is that the

04-02-2022 11:09 GMT by Edward Moya

Downbeat ahead of NFP

It's been another downbeat session in financial markets, with even US tech stocks losing recovery momentum ahead of the open as focus switches to the January jobs report. While earnings season has overall been something to reflect positively on, there have been plenty of potholes along the way that has continued to stall any recovery in the stock market. What's more, it's coming at a time of considerable uncertainty about the outlook which is weighing heavily on sentiment. Tech stocks bounced

04-02-2022 08:37 GMT by Craig Erlam

Commodities and Cryptos: Nat Gas volatility, WTI crude tops $90, Gold pares losses, Bitcoin lower

The UK power regulator approved a 54% increase for prices starting on April 1st. This follows the 12% price jump households saw in October. UK energy companies can now pass along the rise in natural gas prices to consumers, which will punish 15 million that rely on floating rate pricing.

03-02-2022 15:47 GMT by Edward Moya

Stocks slide amid weak earnings and more tightening

European stock markets are coming under pressure on Thursday, with the moves being exacerbated by the realisation that rate hikes may come earlier and faster than thought. Equity markets were already under a little pressure today, as earnings from Meta and Spotify brought investors back down to earth with a bang. Results from Microsoft, Apple and Alphabet had been far more encouraging and it seemed that the worst could be over for big tech.

03-02-2022 11:23 GMT by Craig Erlam

Alphabet results sends tech stocks higher, ADP impacted by omicron, bitcoin wall at USD 40k

Investors are focusing on what has been a mostly positive earnings season, also shrugging off a negative private payroll report that was clearly impacted by the omicron variant spread in January. Google crushed earnings and that optimism has many traders feeling that the bottom is in for the mega-cap tech giants. Apple and Google have made Wall Street turn more optimistic about earnings season and that is largely because some of these tech giants are still delivering impressive results despite

02-02-2022 13:07 GMT by Edward Moya

Recovery continues despite disappointing data

The stock market recovery continues on Wednesday, despite a selection of disappointing data releases from Europe and the US. We've seen a decent rebound off the January lows and that only appears to have accelerated this week which will come as a huge relief to investors after a rather turbulent start to the year. And coming at a time when so many rate hikes are now priced in for a variety of central banks, it's possible that peak-tightening fear is behind us. There is still potential, of cour

02-02-2022 12:44 GMT by Craig Erlam

Stocks lower after US data, patient RBA, GBP testing 1.35 ahead of BOE, , Bitcoin hovers

US stocks are getting pulled all over the place as investors digest both a wrath of economic data and a chorus of Fed speak that has de-escalated aggressive tightening fears for now. Impressive earnings from UPS and Exxon helped risk appetite early but that faded quickly as traders remain fixated over everything about inflation. For about 10-minutes much of Wall Street took a break to hear the news that Tom Brady announced his retirement.

01-02-2022 10:59 GMT by Edward Moya

Commodities and Cryptos: Crude rally continues, Gold bounce, Bitcoin rises

Energy Prices Crude prices continue to rise over Ukraine-Russia tensions, supply likely to remain tight into the summer, and surging demand on reopening momentum and improving temperatures across Europe and Asia. January has been a great month for oil prices and $100 oil might not be too far away as expectations are high that supply will not come close to catching up with demand as OPEC+ will deliver gradual production increase targets that they will fall short of reaching. Many energy trader

31-01-2022 15:06 GMT by Edward Moya

Week Ahead - RBA, BOE, ECB, OPEC+, and NFP in focus

After a rollercoaster January, Wall Street is now expecting the Fed to aggressively raise interest rates over the course of the year as they scramble to control inflation. The US dollar is once again king as most economists are now expecting the Fed to deliver anywhere between 3-7 rate hikes this year. The upcoming week is filled with a few big rate decisions from the RBA, BOE, and ECB.

28-01-2022 16:29 GMT by Edward Moya

Commodities and Cryptos: Crude's great week, Gold extends losses, Bitcoin rebounds

Oil Crude prices have been on fire, rising for a sixth straight week as the demand outlook improves and over geopolitical fears could lead to severe production disruptions. The supply side continues to support a tight market as OPEC+ is expected to stick to their plan of increasing output by 400,000 bpd in March, even though their compliance last month only hit 60% of plan. Now that $90 oil is here, it won’t take much to get prices to $100 and that will just intensify the global energy crisis.

28-01-2022 15:18 GMT by Edward Moya

Cryptos: all news & analysis