OANDA Senior Market Analyst Craig Erlam discusses whether gold has fallen into a correction following the US jobs report.
09-02-2023 17:31 GMT
by Craig Erlam
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The British pound has posted sharp gains on Thursday. In the North American session, GBP/USD is trading at 1.2153, up 0.68%.
BoE points to further rate hikes
BoE Governor Andrew Bailey was in the spotlight today as he testified about last week's Monetary Policy report before a parliamentary committee.
09-02-2023 12:04 GMT
by Kenneth Fisher
The euro has posted strong gains on Thursday. EUR/USD is trading at 1.0749, up 0.57%.
German CPI ticks higher
German inflation came in at 8.7% y/y in January, up from 8.6% in December.
09-02-2023 06:14 GMT
by Kenneth Fisher
The Japanese yen has edged lower on Wednesday, after gaining over 1% a day earlier. USD/JPY is trading at 131.25 in the North American session, up 0.15%.
Williams delivers Fed pushback
The equity markets were bracing for a strong pushback from Jerome Powell, as they have consistently underestimated the Fed's hawkish message.
08-02-2023 13:33 GMT
by Kenneth Fisher
OANDA Senior Market Analyst Ed Moya reviews the latest market news with Jonny Hart. They discussed the State of the Union address, Fed Chair Powell's interview with David Rubenstein, and cryptos.
08-02-2023 09:26 GMT
by Edward Moya
The British pound is in positive territory on Wednesday. In the European session, GBP/USD is trading at 1.2107, up 0.47%.
08-02-2023 07:46 GMT
by Kenneth Fisher
The euro has fallen for three straight sessions and has extended its losses on Tuesday. Earlier in the day, EUR/USD fell below the 1.07 line for the first time since Jan.
07-02-2023 07:23 GMT
by Kenneth Fisher
The Australian dollar has posted strong gains on Tuesday. In the European session, AUD/USD is trading at 0.6934, up 0.75%.
RBA expected to raise rates
There were no surprises from the RBA, which raised rates by 25 basis points, for a record ninth straight hike.
07-02-2023 05:46 GMT
by Kenneth Fisher
The euro continues to lose ground and has started the week in negative territory. In the European session, EUR/USD is trading at 1.0783, down 0.19%.
06-02-2023 08:02 GMT
by Kenneth Fisher
After a miserable end to the week, the Aussie is steady on Monday and is trading at 0.6912.
The January US nonfarm payrolls was a blowout that shocked the markets. The economy created a stunning 517,000 new jobs, crushing the estimate of 185,000 and well above the previous read of 260,000.
06-02-2023 04:31 GMT
by Kenneth Fisher
After a busy and volatile week that included the end of Fed Chair Powell’s hawkish tone and mega-cap tech earnings disappointments, Wall Street should not have been surprised that today’s employment report would rattle markets. An impressive nonfarm payroll report was quickly followed by a report that showed the service sector is refusing to break. US stocks are dropping as investors realize the bearish move love with Treasury yields is over as the Fed may have to deliver a couple more rate hik
03-02-2023 14:13 GMT
by Edward Moya
The British pound is showing little movement on Friday, after plunging 1.2% a day earlier. In the European session, GBP/USD is trading at 1.2210.
Major central bank announcements have been in the spotlight this week, including the Federal Reserve and Bank of England rate decisions.
03-02-2023 05:43 GMT
by Kenneth Fisher
The euro is catching its breath on Friday after some sharp swings over the past two days. EUR/USD is trading quietly at the 1.09 line.
Fed, ECB send euro on a wild ride
This week's central bank rate announcements sent the euro on a roller-coaster ride.
03-02-2023 03:57 GMT
by Kenneth Fisher
US stocks are rallying as the Fed has one or two more quarter-point rate rises left in this rate-hiking cycle. The post-Fed playbook was fairly straightforward as traders bought up risky assets after Fed Chair Powell’s dovish tone.
02-02-2023 15:30 GMT
by Edward Moya
The British pound has posted sharp losses on Thursday and continues to lose ground in the North American session. GBP/USD is trading at 1.2251, down 0.98%.
BoE raises rates, but less pessimistic
The major central banks remain the focus of the market's attention.
02-02-2023 12:07 GMT
by Kenneth Fisher
The euro is showing limited movement on Thursday, ahead of the ECB rate meeting. In the European session, EUR/USD is trading at 1.1000.
Euro jumps on dovish Powell
Investors liked what they heard from Jerome Powell at the Fed meeting, which sent the US dollar broadly lower.
02-02-2023 07:10 GMT
by Kenneth Fisher
After a sluggish start to the week, AUD/USD bounced back on Wednesday with gains of 1.18%. The pair has edged lower on Thursday and is trading at 0.7137 in the European session.
Powell sends US dollar lower
The Federal Reserve raised rates by 25 basis points at the Wednesday meeting, as expected.
02-02-2023 04:41 GMT
by Kenneth Fisher
US stocks went on a Fed rollercoaster ride; weakening after the statement suggested the Fed will stick to their rate hiking guns, but rallying after a dovish press conference that didn't see Powell defend their dot plots and had him say for the first time that the disinflation process has begun. If the next couple of inflation reports show pricing pressures continue to ease, the Fed may finish this tightening cycle in March.
01-02-2023 15:34 GMT
by Edward Moya
It has been a quiet week for the British pound, but that could change in a hurry, with the Fed announcing its rate decision later today, followed by the Bank of England on Thursday.
Markets eye Fed decision
It's a virtual guarantee that the Federal Reserve will raise rates at today's meeting by 25 basis points. This would bring the benchmark rate to 4.75%.
01-02-2023 12:43 GMT
by Kenneth Fisher
It has been a quiet week for EUR/USD which continues to say close to the 1.09 line. The lack of activity could change in a hurry in the North American session, with the Fed rate announcement.
Eurozone inflation slides in January
Eurozone inflation is expected to be 8.5% in January, down from 9.2% in December and below the consensus of 9.0%.
01-02-2023 05:45 GMT
by Kenneth Fisher