The Japanese yen has edged lower on Monday. In the European session, USD/JPY is trading at 130.15, up 0.45%.
23-01-2023 06:28 GMT
by Kenneth Fisher
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OANDA Senior Market Analyst Craig Erlam discusses the latest moves in USDJPY after the BoJ refused to abandon its yield curve control tool and as US data disappointed.
20-01-2023 18:57 GMT
by Craig Erlam
The euro continues to have a very quiet week, as EUR/USD appears content to trade around the 1.08 line.
Lagarde brings her message to Davos
It's difficult to think of ECB President Lagarde as a hawk, as she ignored rising inflation in the eurozone for a long period, insisting that it was transitory. The ECB was late to the global tightening party and found itself scrambling to curb inflation.
20-01-2023 07:30 GMT
by Kenneth Fisher
The Canadian dollar is unchanged on Friday, trading at 1.3466 in the European session. We could see some volatility in the North American session, as Canada releases retail sales.
Retail sales expected to decline
The markets are bracing for a downturn in retail sales for November, with a forecast of -0.5% m/m for the headline figure and -0.4% for the core rate.
20-01-2023 05:41 GMT
by Kenneth Fisher
The British pound has edged lower on Friday. In the European session, GBP/USD is trading at 1.2360, down 0.27%.
Retail sales fall sharply
UK retail sales were dismal in December.
20-01-2023 04:08 GMT
by Kenneth Fisher
The Japanese yen has edged higher on Thursday, after showing strong volatility a day earlier. In the North American session, USD/JPY is trading at 128.48, down 0.32%.
There was plenty of anticipation ahead of the Bank of Japan meeting on Wednesday, with speculation that the central bank would follow up on the December meeting and change its policy settings.
19-01-2023 10:56 GMT
by Kenneth Fisher
It's been a solid start to the year for equity markets but that optimism appears to be fading as policymakers queued up in Davos to push back against market interest rate expectations.
Let's be clear on this; the markets have a much better record over the last 18 months of anticipating shifts in interest rates than central banks so to some degree these warnings will fall on deaf ears. But then, they come at a time when stocks have had a good run so perhaps it's a case of any excuse to lock in so
19-01-2023 08:38 GMT
by Craig Erlam
The British pound is almost unchanged on Thursday, trading at 1.2342 in the European session.
Markets brace for another decline in retail sales
All eyes will be on the UK's December retail sales, which will be released on Friday. The UK consumer has been holding tight to the purse strings, which is bad news for an economy that has tipped into recession.
19-01-2023 08:16 GMT
by Kenneth Fisher
The Australian dollar has extended its slide on Thursday. AUD/USD is trading at 0.6884 in Europe, down 0.82%.
Australian employment data disappoints
Australia's December employment report was weaker than expected, sending the Australian dollar sharply lower.
19-01-2023 05:05 GMT
by Kenneth Fisher
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
The Australian dollar punched across the symbolic 70 line earlier on Wednesday, for the first time since August. The Aussie has given up all of these gains and is unchanged at 0.6986 in the North American session.
US retail sales fall
December didn't bring much cheer to retailers, as the traditional holiday season was a massive disappointment.
18-01-2023 11:52 GMT
by Kenneth Fisher
The British pound is in full flight upwards on Wednesday. In the North American session, GBP/USD is trading at 1.2393, up 0.86%.
UK inflation slows
UK inflation eased for a second straight month in December.
18-01-2023 09:09 GMT
by Kenneth Fisher
The Japanese yen has fallen sharply on Wednesday. In the European session, USD/JPY is trading at 129.38, up 0.96%.
18-01-2023 05:29 GMT
by Kenneth Fisher
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
It has been a quiet day in the currency markets, and the Canadian dollar has followed suit. In the North American session, USD/CAD is trading at 1.3386, down 0.15%.
Canada's inflation heads lower
Inflation in Canada slowed to 6.3% y/y in December, down from 6.8% a month earlier and matching the consensus.
17-01-2023 10:27 GMT
by Kenneth Fisher
The euro continues to drift this week and is trading close to the 1.0820 line. This follows last week's sharp gains of 1.8%.
German inflation falls - will eurozone follow suit?
German Final CPI came in at -0.8% m/m in December, matching the forecast and unchanged from November.
17-01-2023 07:36 GMT
by Kenneth Fisher
The Japanese yen is in calm waters on Tuesday, as the Bank of Japan's two-day meeting starts today. In the European session, USD/JPY is trading at 128.76, up 0.18%.
Markets eye BOJ meeting
The markets are keeping a close eye on the BOJ meeting.
17-01-2023 05:13 GMT
by Kenneth Fisher
USD/JPY is in positive territory on Monday. In the North American session, USD/JPY is trading at 128.50, up 0.52%.
The yen had an excellent week, climbing over 3% and trading at levels not seen since May 2022.
Will BoJ deliver more policy moves at meeting?
The Bank of Japan holds a two-day policy meeting on Tuesday and Wednesday in what could be one of the highlights of the week.
16-01-2023 09:11 GMT
by Kenneth Fisher
The euro is almost unchanged on Monday, trading at 1.0831. The euro is coming off a strong week, as EUR/USD rose 1.8%.
16-01-2023 06:49 GMT
by Kenneth Fisher
The Australian dollar has edged lower on Friday, after jumping close to 1% a day earlier. In the European session, AUD/USD is trading at 0.6950, down 0.26%.
US inflation slows in December
US inflation was expected to fall in December and there were no surprises.
13-01-2023 07:27 GMT
by Kenneth Fisher