The Japanese yen has posted strong gains for a third straight day. USD/JPY is trading at 138.43, down 0.82% on the day.
24-11-2022 12:21 GMT
by Kenneth Fisher
Forex: all news & analysis
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The New Zealand dollar continues to gain ground this week. In the North American session, NZD/USD is trading at 0.6267, up 0.35%.
New Zealand will release retail sales for Q3 later in the day.
24-11-2022 11:28 GMT
by Kenneth Fisher
EUR/USD is unchanged on Thursday, trading at 1.0393. With the US markets closed for the Thanksgiving holiday, we're unlikely to see much movement from the US dollar.
German business confidence edged slightly higher in November.
24-11-2022 06:30 GMT
by Kenneth Fisher
The British pound has steadied on Thursday, after soaring 1.4% a day earlier. In the European session, GBP/USD is trading at 1.2074, up 0.17%.
The pound has enjoyed a splendid November, gaining 5.3%.
24-11-2022 04:44 GMT
by Kenneth Fisher
The British pound has posted sharp gains on Wednesday. In the North American session, GBP/USD is trading at 1.2063, up 1.51%.
23-11-2022 11:14 GMT
by Kenneth Fisher
The Canadian dollar has edged lower on Wednesday. In the North American session, USD/CAD is trading at 1.3428, up 0.42%.
Is Canada heading towards a recession?
The Canadian consumer is in a sour mood.
23-11-2022 08:37 GMT
by Kenneth Fisher
The New Zealand dollar has extended its rally on Wednesday. In the European session, NZD/USD is trading at 0.6181, up 0.47%.
RBNZ delivers record hike
The Reserve Bank of New Zealand pushed the rate pedal to the floor today, with a supersize rate hike of 75 basis points, a record high.
23-11-2022 05:41 GMT
by Kenneth Fisher
US stocks are rallying as Wall Street continues to expect the Fed to downshift their tightening pace next month and on optimism that the risk of a railroad strike fueling inflation is low. The latest round of Fed speak did not teach us anything new.
22-11-2022 13:28 GMT
by Edward Moya
Oil
Crude prices are still rebounding from yesterday’s Saudi denial that OPEC+ was considering an output increase. Oil is having a tug-of-war with China's Covid demand concerns getting countered with what appears to be a motivated Saudi Arabia to keep the oil market tight.
White House official Hochstein said that the US can still manage any energy emergency with the SPR. He also noted that it will be opportunistic about refilling the SPR and that they could look to immediately repurchase oil w
22-11-2022 13:21 GMT
by Edward Moya
The Canadian dollar is in positive territory on Tuesday. In the North American session, USD/CAD is trading at 1.3400, down 0.39%.
Canada's retail sales decline
The Canadian consumer was not in a spending mood in September, as retail sales declined by 0.5%, following a 0.4% gain a month earlier.
22-11-2022 12:18 GMT
by Kenneth Fisher
OPEC+ speculation drives oil market volatility
Oil prices are bouncing back as OPEC+ members continue to reject reports of an output hike at the next meeting. An announcement from the G7 around the Russian oil price cap is due any day now and could complicate the group's mission to balance supply and demand in the market, especially if the Kremlin responds by slashing exports to participating countries, as they've threatened.
That Russia is a key member of the alliance seriously complicates matt
22-11-2022 11:11 GMT
by Craig Erlam
The New Zealand dollar has rebounded on Tuesday with strong gains. In the European session, NZD/USD is trading at 0.6151, up 0.83%.
Will RBNZ go all out?
The Reserve Bank of New Zealand has been tightening aggressively, delivering five straight 50-point hikes.
22-11-2022 07:31 GMT
by Kenneth Fisher
The Japanese yen has stabilized on Tuesday and is trading at 141.58, down 0.37%. USD/JPY rocketed higher on Monday, gaining 1.2%.
BoJ Core CPI jumps to 2.7%
With inflation continuing to gain traction in Japan, there shouldn't have been much surprise that BoJ Core CPI accelerated in October for a ninth successive month.
22-11-2022 04:26 GMT
by Kenneth Fisher
The Japanese yen is getting pummeled at the start of the trading week. In the North American session, USD/JPY is trading at 141.90, up 1.09%.
Will BoJ Core CPI continue its upswing?
Japan releases BoJ Core CPI, the Bank of Japan's preferred inflation indicator later today. The indicator has accelerated for eight consecutive months, as inflation continues to move higher.
21-11-2022 12:42 GMT
by Kenneth Fisher
US stocks are lower as the global growth picture takes a hit following key China Covid lockdowns and as the US economy could have to deal with a massive rail worker strike before the holidays. Adding to the risk aversion tone are rising concerns that future Russian attacks on Ukraine’s nuclear power supply could be catastrophic.
Wall Street is hesitant to buy up risk assets on this World Cup-filled and shortened holiday trading week as the first wave of headlines from Beijing to a rail union v
21-11-2022 11:05 GMT
by Edward Moya
Oil
Crude prices remain heavy as China continues to have setbacks with its COVID fight. The warnings from key Chinese officials are the primary driver behind oil’s current slump.
21-11-2022 10:54 GMT
by Edward Moya
The Australian dollar has posted losses over three straight days and is sharply lower on Monday. In the North American session, AUD/USD is trading at 0.6610, down 0.96%.
RBA shifts gears
The Reserve Bank of Australia has changed course and eased up the pace of hikes, but with inflation still accelerating, is it too soon?
21-11-2022 09:03 GMT
by Kenneth Fisher
EUR/USD has resumed its downswing and is in negative territory on Monday. In the North American session, the euro is trading at 1.0238, down 0.81%.
The ECB holds its final policy meeting of the year on December 15th, and it's practically a given that the ECB will raise rates.
21-11-2022 07:46 GMT
by Kenneth Fisher
Oil slips further amid China woes
The prospect of more restrictions and therefore lower demand in China has weighed on crude prices recently. Brent slipped back below $90 last week and could register the fourth day of declines if it remains in the red.
21-11-2022 04:10 GMT
by Craig Erlam
US stocks are acting like they are already feasted on a 12-pound turkey. Today's market moves were uninspiring as we did not learn anything new. The housing market is in a recession after existing home sales fell for a ninth straight month. The Fed is united in sticking to the hawkish script. Fed's Collins noted that a 75 basis-point rate increase is still on the table as there is no clear evidence that inflation is coming down.
18-11-2022 15:28 GMT
by Edward Moya