The Japanese yen has started the week in positive territory. In the European session, USD/JPY is trading at 136.22, down 0.38%.
19-12-2022 06:49 GMT
by Kenneth Fisher
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The New Zealand dollar has started the week on a positive note. NZD/USD is trading at 0.6405 in Europe, up 0.41%.
Consumer Confidence falls to record low
New Zealand's Westpac Consumer Confidence dropped to its lowest level since 1988, when records first started.
19-12-2022 05:09 GMT
by Kenneth Fisher
OANDA Senior Market Analyst Craig Erlam discusses how EURUSD has traded in the aftermath of the Fed and ECB interest rate decisions.
16-12-2022 08:17 GMT
by Craig Erlam
German, eurozone PMIs show improvement
EUR/USD is showing limited movement on Friday, with a muted response to today's German and eurozone PMIs for December. German manufacturing improved to 47.4, up from 46.1 and above the consensus of 46.1.
16-12-2022 07:17 GMT
by Kenneth Fisher
SNB raises rates by 50 bp, Swiss franc rises
Major central banks were in the spotlight this week, as the Federal Reserve and the European Central Bank raised rates by 50 basis points at their final meeting of the year. These moves overshadowed a 50 bp rate increase by the Swiss National Bank, where rate moves are unusual - this week's rate increase, which brought the benchmark rate to 1.0%, was only the third hike this year.
16-12-2022 05:29 GMT
by Kenneth Fisher
The Japanese yen is in positive territory, paring some of the sharp losses from Thursday. In the European session, USD/JPY is trading at 137.12, down 0.48%.
Dollar rises as Fed hints at more rate hikes
The Japanese yen has shown some strength recently, but it was the dollar's day on Thursday, with broad gains against the majors.
16-12-2022 03:35 GMT
by Kenneth Fisher
Oil
Crude prices edged lower as a section of the Keystone pipeline restarted and as global recession risks increased after a wave of central banks delivered another strong round of tightening. Oil’s recent rally is running out of steam as risk aversion runs wild. The dollar might be poised to rally here and that should keep some pressure on oil prices.
Gold
Gold is weakening as markets worry that global central bank tightening will drive recessionary fears and keep the dollar supported here.
15-12-2022 12:44 GMT
by Edward Moya
US stocks didn’t stand a chance today after digesting a hawkish FOMC decision and a round of data/surveys that support the argument that the economy is recession bound.
The labor market might not be breaking but it is becoming clear the consumer is weakening and manufacturing activity is in a recession. US retail sales posted the largest drop in nearly a year.
15-12-2022 12:41 GMT
by Edward Moya
The Australian dollar is sharply lower on Thursday. In North American trade, AUD/USD is trading at 0.6755, down 1.58%.
Australian employment shines
Australia's robust labour market continues to impress, with a stellar performance in November.
15-12-2022 12:28 GMT
by Kenneth Fisher
The Japanese yen continues to press higher against the US dollar on Wednesday. In the North American session, USD/JPY is trading at 135.08, down 0.38%.
14-12-2022 13:15 GMT
by Kenneth Fisher
The Australian dollar has posted slight gains on Wednesday. In North American trade, AUD/USD is trading at 0.6865, up 0.16%.
14-12-2022 10:10 GMT
by Kenneth Fisher
Federal Reserve expected to hike by 50 bp
All eyes are on the Federal Reserve, which winds up its policy meeting later today. Policy makers are expected to raise rates by 50 basis points at this final meeting of 2022, with an outside chance of a more aggressive 75 basis point hike.
14-12-2022 07:23 GMT
by Kenneth Fisher
There was good news on the UK inflation front, as the November data pointed to a drop in inflation. CPI fell to 10.7% y/y, down from 11.1% in October and below the consensus of 10.9%.
14-12-2022 04:23 GMT
by Kenneth Fisher
The Japanese yen is sharply higher on Tuesday. In the North American session, USD/JPY is trading at 134.97, down 1.95%.
US inflation underperforms again
The US dollar is in broad retreat after US CPI was softer than expected.
13-12-2022 11:45 GMT
by Kenneth Fisher
EUR/USD continues to have a quiet week and is unchanged on Tuesday, trading at 1.0538.
US inflation expected to fall
The currency markets have been calm today, but that could change in the North American session, with the release of the US CPI report. The consensus stands at 7.3%, following a 7.7% gain in October.
13-12-2022 07:23 GMT
by Kenneth Fisher
The British pound remains calm this week and is trading at 1.2286, up 0.20%.
It is a busy week on the economic calendar, but GBP/USD isn't showing much interest. Today's UK employment data was within market expectations, which resulted in a muted reaction from sleepy sterling.
13-12-2022 05:48 GMT
by Kenneth Fisher
EUR/USD is almost unchanged on Monday, trading at 1.0537.
Will US inflation report shake up euro?
It has been a relatively quiet December for the EUR/USD, which hasn't veered far from the 1.0550 line. That could change this week, with key events out of the US.
12-12-2022 12:29 GMT
by Kenneth Fisher
The Japanese yen has started the week with losses. In the North American session, USD/JPY is trading at 137.44, down 0.64%.
Japan's PPI almost unchanged at 9.3%
Japanese wholesale inflation climbed 9.3% y/y in November, a drop lower than the 9.4% gain in October.
12-12-2022 11:41 GMT
by Kenneth Fisher
The Australian dollar has started the week in negative territory. In European trade, AUD/USD is trading at 0.6766, down 0.44%.
Australian dollar eyes confidence releases
Australian confidence indicators headed south in the most recent releases - will we see an improvement on Tuesday?
12-12-2022 07:41 GMT
by Kenneth Fisher
It promises to be a very busy week in the UK, with a host of key events on the calendar. Monday started on a positive note, as GDP for October climbed 0.5%, up from -0.6% in September and ahead of the 0.4% consensus. Investors will have plenty of data to digest, including employment, inflation, retail sales and the Bank of England rate decision.
12-12-2022 05:55 GMT
by Kenneth Fisher