OANDA Senior Market Analyst Craig Erlam discusses the volatility in gold around the November Federal Reserve interest rate decision.
04-11-2022 07:48 GMT
by Craig Erlam
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OANDA Senior Market Analyst Craig Erlam discusses the latest developments in GBP/USD as the Federal Reserve and Bank of England hike interest rates by 0.75%.
04-11-2022 07:31 GMT
by Craig Erlam
EUR/USD has rebounded and is in positive territory. In the European session, the euro is trading at 0.9794, up 0.45%.
04-11-2022 07:15 GMT
by Kenneth Fisher
The Canadian dollar is usually quiet before North American markets open, but it is sharply higher today. USD/CAD is trading at 1.3644 in Europe, down 0.73%.
US nonfarm payrolls expected to slow
The week wraps up with the October employment reports from the US and Canada.
04-11-2022 06:07 GMT
by Kenneth Fisher
AUD/USD continues to show strong volatility and is sharply higher today. In the European session, the Australian dollar is trading at 0.6338, up 0.81%.
04-11-2022 04:12 GMT
by Kenneth Fisher
The yen has been steady for most of the week and is hovering around the 148 line. In the North American session, USD/JPY is trading at 148.09, up 0.12%.
Yen yawns after Fed rate hike
The Federal Reserve's rate meeting roiled the financial markets and sent the US dollar sharply higher against the majors, but the Japanese yen defied the trend and has held its ground.
03-11-2022 13:50 GMT
by Kenneth Fisher
Central bank paths are diverging and that suggests the recessions are here and that FX volatility will remain elevated. The post-Fed hangover continues to keep pressure on US stocks as the impact from the first round of hikes is finally being felt.
03-11-2022 11:46 GMT
by Edward Moya
Oil
Crude prices are struggling as China stands by its zero-COVID policy and as global central bank tightening is crushing economic activity. Central banks are signaling that tightening is quickly cooling their respective economies, which means the short-term crude demand outlook will probably get slashed.
Oil is battling both a weakening global economic outlook and a surging dollar. It seems these bearish drivers won’t be easing up anytime soon and that could mean WTI crude could be vul
03-11-2022 11:39 GMT
by Edward Moya
The British pound is sharply lower today. In the European session, GBP/USD is trading at 1.1179, down 1.83%.
03-11-2022 09:24 GMT
by Kenneth Fisher
The New Zealand dollar is sharply lower today. In the European session, NZD/USD is trading at 0.5761, down 0.95%.
Fed raises rates 0.75%, says more to come
It was a roller-coaster day for the financial markets on Wednesday, courtesy of Federal Reserve Chair Jerome Powell.
03-11-2022 07:33 GMT
by Kenneth Fisher
US stocks initially popped after the Fed provided enough hints that the end of the Fed tightening cycle is nearing. Stocks could not hold up their gains as Fed Chair Powell reminded markets that inflation has been high for 18 months and that it is too early to think about pausing rate hikes.
02-11-2022 15:14 GMT
by Edward Moya
The Swiss franc is showing little movement for a second straight day. In the North American session, USD/CHF is trading at 0.9993, down 0.03%.
Swiss consumer sentiment remains in deep-freeze
Consumer confidence fell in the October survey to -47, down from -42 in the previous quarter.
02-11-2022 12:30 GMT
by Kenneth Fisher
EUR/USD is in positive territory today. In the European session, the euro is trading at 0.9905, up 0.32%.
German, eurozone manufacturing PMIs fall
The manufacturing sector in the eurozone continues to struggle, as PMIs in Spain, Italy and France slowed in October and remained in contraction territory, with readings below 50.0.
02-11-2022 09:20 GMT
by Kenneth Fisher
NZD/USD is sharply higher today. In the European session, the New Zealand dollar is trading at 0.5883, up 0.71%.
New Zealand employment data shines
New Zealand posted a strong employment report for the third quarter, indicative of a robust labour market.
02-11-2022 08:25 GMT
by Kenneth Fisher
AUD/USD has posted strong gains today. In the European session, the Australian dollar is trading at 0.6424, up 0.48%.
The Australian dollar rose as much as 0.80% after the Reserve Bank of Australia raised rates by 25 basis points on Tuesday, but couldn't consolidate and ended the day virtually unchanged.
Lowe urges caution
The RBA rate hike raised the cash rate to 2.85%, its highest level since April 2013.
02-11-2022 06:23 GMT
by Kenneth Fisher
NZD/USD is showing some strength today. In the North American session, the New Zealand dollar is trading at 0.5838, up 0.41%.
01-11-2022 12:40 GMT
by Kenneth Fisher
EUR/USD posted strong gains earlier but was unable to consolidate. In the European session, the euro is trading at 0.9885, up 0.01%.
The ECB's delivered a jumbo rate hike of 75 basis points last week, bringing the benchmark rate to 2.0%.
01-11-2022 11:39 GMT
by Kenneth Fisher
After a splendid week, in which GBP/USD jumped 2.8%, the pound has reversed directions and is sharply lower today. In the North American session, GBP/USD is trading at 1.1489, down 1.07% on the day.
Markets eye Bank of England
The Bank of England is on track to deliver its largest interest rate hike since 1989 on Thursday.
31-10-2022 13:03 GMT
by Kenneth Fisher
AUD/USD is down for a third straight day. The Australian dollar is trading at 0.6395, down 0.24%.
Will RBA deliver a 0.50% hike?
The RBA kicks off a busy week of central bank decisions when it meets on Tuesday.
31-10-2022 09:46 GMT
by Kenneth Fisher
All eyes were on the Bank of Japan rate meeting, which wrapped up on Friday. It was business as usual for the BoJ, which maintained its dovish stance.
31-10-2022 06:25 GMT
by Kenneth Fisher