The British pound is trading quietly on Monday. In the European session, GBP/USD is trading at 122.49, up 0.15%.
27-03-2023 05:27 GMT
by Kenneth Fisher
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The Japanese yen broke below the symbolic 130 line earlier in the day, for the first time since February 3rd. In the North American session, USD/JPY is trading at 130.17, down 0.55% on the day.
24-03-2023 09:11 GMT
by Kenneth Fisher
The British pound is down considerably on Friday after mostly soft numbers out of the UK. In the European session, GBP/USD is trading at 122.13, down 0.60%.
PMIs down, retail sales jump
UK releases are a mixed bag on Friday.
24-03-2023 07:24 GMT
by Kenneth Fisher
After an impressive rally, the euro is falling for a second straight day. In the European session, EUR/USD is trading at 1.0739, down 0.86%.
German manufacturing falls, services rise
German PMIs were a mix in March.
24-03-2023 05:47 GMT
by Kenneth Fisher
OANDA Senior Market Analyst Craig Erlam discusses GPBUSD in light of the latest interest rate decisions from the Fed and BoE.
23-03-2023 16:10 GMT
by Craig Erlam
The Swiss franc continues to rally and is trading in North America at 0.9139, down 0.37%. USD/CHF has fallen some 200 points in just one week.
SNB goes for oversize hike
The Swiss National Bank raised rates by 50 basis points today, bringing the cash rate to 1.50%.
23-03-2023 11:15 GMT
by Kenneth Fisher
The British pound has edged upwards and is trading at 1.2296 in the European session, up 0.25%. Earlier, GBP/USD climbed as high as 1.2343, its highest level since February 2.
BoE expected to deliver 25 bp hike
The Bank of England is in the spotlight today but like the Fed meeting, there isn't any drama surrounding the decision.
23-03-2023 07:05 GMT
by Kenneth Fisher
Signs of permanent damage in oil?
Oil prices are a little lower today after gradually recovering in recent days. While no one can say with confidence that a banking crisis has been averted, there is growing confidence that the actions taken by central banks, regulators, and governments have significantly reduced the odds of one, particularly a severe scenario, and that is ultimately good for the economy and crude demand.
So while we saw Brent and WTI plunge to late-2021 levels amid the panic of
23-03-2023 05:10 GMT
by Craig Erlam
The Australian dollar is in positive territory on Wednesday, ahead of the Federal Reserve's rate announcement. In the European session, AUD/USD is trading at 0.6681, up 0.16%.
Fed expected to deliver 25 bp hike
The Federal Reserve winds up its policy meeting later today and anything other than a 25 basis point hike would be a massive surprise.
22-03-2023 09:30 GMT
by Kenneth Fisher
The British pound is in positive territory on Tuesday. In the European session, GBP/USD is trading at 1.2277, up 0.50%.
UK inflation accelerates
For Bank of England policy makers, the "how not to start the day" manual likely included inflation climbing higher.
22-03-2023 06:10 GMT
by Kenneth Fisher
The Canadian dollar is slightly lower on Tuesday. In the North American session, USD/CAD is trading at 1.3687, up 0.17%.
Canada's CPI continues to ease
Canada's headline inflation fell to 5.2% y/y in February, down from 5.9% y/y in January and beating the consensus estimate of 5.4%.
21-03-2023 10:46 GMT
by Kenneth Fisher
The Swiss franc is showing some strength on Tuesday. In the European session, USD/CHF is trading at 0.9238, down 0.58%.
SNB expected to hike but by how much?
The turmoil which has roiled the financial markets over the past week has eased today.
21-03-2023 09:01 GMT
by Kenneth Fisher
The euro has put together a 3-day rally and is up again on Tuesday. In the European session, EUR/USD is trading quietly at 1.0756, up 0.30%.
Financial markets settle down
Let's start with some good news.
21-03-2023 06:51 GMT
by Kenneth Fisher
The Japanese yen has started the trading week quietly. In the North American session, USD/JPY is trading at 131.67, down 0.14%.
The markets are coming off a week of turmoil, as the banking crisis threatens to spread.
20-03-2023 13:30 GMT
by Kenneth Fisher
Oil seeing some support
The sell-off in oil markets appears to be running into support following the near-20% decline over the last couple of weeks. Traders have been forced to reassess the outlook for the global economy in light of recent issues in the banking sector and it would appear they're no longer so optimistic.
That may of course change as things settle down, assuming they do in the short term, but for now, they're taking a far more cautious stance.
20-03-2023 13:00 GMT
by Craig Erlam
Looks like it will be another long week on Wall Street. It was a busy weekend after a Credit Suisse bailout and a coordinated effort by the Fed and other central banks to boost dollar liquidity. Despite a couple major weekend attempts to contain the risks hitting the banking system, US stocks are wavering as risk aversion won’t be going away until markets are confident that the Fed is done with their rate hiking campaign. The banking system still doesn’t have any confidence as Wall Street tri
20-03-2023 09:47 GMT
by Edward Moya
USD/CHF is trading quietly on Monday, after a tumultuous week. In the European session, USD/CHF is trading at 0.9276, up 0.15%.
Credit Suisse takeover, central banks take action
There was a flurry of activity on Sunday in response to the banking crisis which has shaved some $1 trillion from global financial shares this month.
20-03-2023 07:43 GMT
by Kenneth Fisher
After a tumultuous week in the financial markets, things appear to have settled down. The euro is showing limited movement, trading at 1.0655.
Central banks move in unison to contain contagion
It was anything but a quiet Sunday, as the Swiss government engineered an emergency bank merger, with UBS agreeing to buy Credit Suisse, the second largest bank in Switzerland.
20-03-2023 05:22 GMT
by Kenneth Fisher
OANDA Senior Market Analyst Craig Erlam discusses EURUSD in the aftermath of this week's turmoil in the banking sector, following the ECB rate hike and ahead of the Fed meeting.
17-03-2023 19:30 GMT
by Craig Erlam
Terrible week continues
Oil prices have been pummelled this week as turmoil in the banking sector has increased the risk of a significant economic slowdown or recession this year. Clearly, traders are not convinced that the worst is behind us which continues to weigh heavily on the price of crude, particularly going into a weekend when anything can happen, as we saw a week ago.
17-03-2023 12:14 GMT
by Craig Erlam