EUR/USD is almost unchanged on Thursday. The economic calendar is light, with no tier-1 events out of the eurozone.
05-01-2023 08:43 GMT
by Kenneth Fisher
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The Australian dollar has posted limited losses on Thursday. In the European session, AUD/USD is trading at 0.6822, down 0.17%.
Australian dollar soars as China mulls coal imports
The Australian dollar rocketed higher on Wednesday, rising 1.6% and hitting a 3-week high.
05-01-2023 05:23 GMT
by Kenneth Fisher
US stocks edged higher as investors grew confident that the Fed is nearing the end of its tightening cycle as the manufacturing sector is clearly in a recession, while the labor market refuses to break. This stock market rally however might be short-lived as the ISM report and JOLTS data painted a picture of a resilient labor market that should force the Fed into taking rates even higher into restrictive territory.
04-01-2023 13:46 GMT
by Edward Moya
The Canadian dollar is sharply higher on Wednesday. In the North American session, USD/CAD is trading at 1.3492, down 1.29%.
04-01-2023 12:04 GMT
by Kenneth Fisher
Slide continues amid uncertain China outlook
Oil prices have tumbled again today, hit it seems by the uncertain near-term economic prospects for China amid surging Covid cases. While reliable data is seemingly hard to come by, the view appears to be that there'll be significant disruption in the coming months and then a recovery from around the middle of the year which should then boost demand.
Brent has now slipped back below $80 a barrel while WTI has fallen below $75, with both now only aroun
04-01-2023 09:10 GMT
by Craig Erlam
The British pound has bounced back on Wednesday and recorded sharp gains. In the European session, GBP/USD is trading at 1.2055, up 0.74%.
Food inflation jumps
Ask any British consumer, and they'll tell you that food prices have been going through the roof.
04-01-2023 07:35 GMT
by Kenneth Fisher
After a dreadful showing on Tuesday, EUR/USD has rebounded today. In the European session, the euro is trading at 1.0618, up 0.66%.
Investors eye German CPI
German CPI was lower than expected in December.
04-01-2023 04:56 GMT
by Kenneth Fisher
Oil
Oil prices are tumbling as risk aversion sends the dollar higher and dampens expectations that the crude demand outlook will improve anytime soon. China’s reopening has too many question marks as hospitals are overwhelmed and medical supplies run low.
Crude prices could struggle here as a strong dollar could be here to stay as investors can’t pass up the yield they are getting in fixed income. Manufacturing activity globally mostly appears to be stuck in contraction territory and that mi
03-01-2023 14:58 GMT
by Edward Moya
The US dollar is showing strong gains against the majors on Tuesday, with the exception of the Japanese yen. EUR/USD has tumbled by 1.27% and is trading at 1.0528 in Europe.
Investors eye German CPI
EUR/USD is sharply lower today, despite a very light economic calendar.
03-01-2023 07:14 GMT
by Kenneth Fisher
The Japanese yen has posted winning sessions for three straight days and is in positive territory on Tuesday. Japanese markets are closed today for a holiday, so any strong movement from the yen is unlikely today. It's a very light day on the economic calendar.
03-01-2023 05:43 GMT
by Kenneth Fisher
The Japanese yen is in positive territory on the first trading day of the new year. US and Japan markets are both closed today, and the yen will likely continue to remain calm in holiday-thinned trading.
02-01-2023 08:45 GMT
by Kenneth Fisher
Welcome to the first trading day of the New Year.
Trading remains thin, as most markets are closed. In the European session, EUR/USD is trading at 1.0679, down 0.23%.
02-01-2023 05:16 GMT
by Kenneth Fisher
Risks tilted to the upside?
Oil markets are bouncing back in another volatile session at the end of the year. Going into 2023, the risks are arguably tilted to the upside, although that has been the narrative for much of the year and yet we're on course to end it not far from where we started.
While producers have finally caught up with post-pandemic demand, other risks remain next year, notably Russian output amid the new price cap and its threats to cut output and not supply any countries ab
30-12-2022 12:18 GMT
by Craig Erlam
The Australian dollar has been rising since last Friday and is in positive territory today. In the European session, AUD/USD is trading at 0.6801, up 0.37%.
The final week of the year, bookended by Christmas and New Year's, is usually quiet, with reduced trading volumes and a very light economic calendar.
30-12-2022 06:56 GMT
by Kenneth Fisher
It's the last trading day of 2022, and EUR/USD is almost unchanged in what should be a quiet day in the currency markets. In the European session, EUR/USD is trading at 1.0674, up 0.13%.
Spain's CPI drops below 6%
The week between Christmas and New Year's is usually very light on data, and there were no tier-1 events in Germany or the eurozone this week.
30-12-2022 06:10 GMT
by Kenneth Fisher
The Swiss franc is steady on Friday. In the European session, USD/CHF is almost trading at 0.9240, up 0.08%.
30-12-2022 04:29 GMT
by Kenneth Fisher
We're seeing limited movement in the currency markets this week, which is not uncommon during the week between Christmas and New Year's. Trading volume remains thin and the data calendar is very light.
29-12-2022 10:49 GMT
by Kenneth Fisher
The British pound has shown little movement since before Christmas and remains quiet on Thursday. This is not surprising as trading volumes are down during the holidays and there are few key events on the calendar this week.
29-12-2022 07:48 GMT
by Kenneth Fisher
The Japanese yen has posted gains on Thursday, putting the brakes on this week's dollar rally of over 1%. In the European session, USD/JPY is trading at 133.64, down 0.60%.
This week has been marked by low liquidity, with many traders closing their books or taking a holiday at the end of the year.
29-12-2022 06:07 GMT
by Kenneth Fisher
The New Zealand dollar has posted gains on Wednesday. In the North American session, NZD/USD is trading at 0.6306, up 0.49%.
28-12-2022 12:49 GMT
by Kenneth Fisher