The British pound has started the week in negative territory after posting a losing week. GBP/USD is trading at 1.1374, down 0.31% on the day.
19-09-2022 05:22 GMT
by Kenneth Fisher
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US stocks were dealt another blow after FedEx warned that the economy was about to enter a ‘worldwide recession.’ Wall Street was already nervous that the Fed’s inflation fighting mission was going to trigger a recession, but now it seems corporate America is already showing signs that the economy is slowing.
FedEx
FedEx shares plunged the most in forty years after they had withdrawn their guidance. A weakening economy and rising competition from Amazon complicate how FedEx will perform this
16-09-2022 14:46 GMT
by Edward Moya
The New Zealand dollar remains under pressure, as NZD/USD is having a dreadful week, down 2.47%. In the North American session, NZD/USD is trading at 0.5950, down 0.27%.
NZ Manufacturing PMI surprises to the upside
It has been a solid week for New Zealand data, but that hasn't helped the New Zealand dollar, which has fallen to its lowest level since May 2020.
16-09-2022 09:28 GMT
by Kenneth Fisher
The British pound continues to lose ground after a brutal retail sales report. The pound dropped as low as 1.1350 earlier today, its lowest level since March 2020.
16-09-2022 04:13 GMT
by Kenneth Fisher
After some mid-week volatility, USD/JPY has settled down. In the European session, the yen is trading quietly at 143.59.
Markets eye BoJ meeting
For anyone following the Japanese yen, next week promises to be interesting, at the very least.
16-09-2022 03:13 GMT
by Kenneth Fisher
OANDA Senior Market Analyst Craig Erlam discusses the latest moves in USDJPY amid intervention warnings and what it could mean going forward.
15-09-2022 17:33 GMT
by Craig Erlam
The British pound is in negative territory today and has fallen below the 1.15 line. In the North American session, GBP/USD is trading at 1.1497, down 0.38%.
US retail sales, jobless claims beat forecast
US retail sales rose 0.3% MoM in August, rebounding from -0.4% in July.
15-09-2022 15:10 GMT
by Kenneth Fisher
New Zealand GDP surprises on the upside
New Zealand posted a stronger-than-expected GDP report for Q2. The economy climbed 1.7%, reversing the 0.2% decline in the first quarter.
15-09-2022 10:26 GMT
by Kenneth Fisher
The Australian dollar is showing little movement today after the solid Australian employment report.
Australian employment rebounds
The Australian labour market remains resilient, as indicated by a solid August employment report. The increase in employment of 33.5 thousand was very close to the consensus of 35 thousand, with the gain of 58.8 thousand full-time jobs especially impressive.
15-09-2022 05:46 GMT
by Kenneth Fisher
Oil steady after inventory data
Oil prices have steadied a little after rebounding strongly this past week. There are many forces dictating the price action in oil markets right now, with economic uncertainty right up there alongside a potentially unpredictable OPEC+.
15-09-2022 04:10 GMT
by Craig Erlam
Stock markets are a bit mixed on Thursday following a rollercoaster week in the run-up to, and aftermath of, the US inflation report.
Safe to say, investors got ahead of themselves in a desperate attempt to board the peak inflation train early. The collapse on Tuesday - carrying into Wednesday in Asia and Europe - looked quite severe on the face of it but it was simply an unwinding of positions built on the anticipation of a good set of numbers in the days leading up to it.
While the Fed is no
15-09-2022 04:06 GMT
by Craig Erlam
It has been a busy week for the British pound. GBP/USD has climbed 0.66% today and is trading at 1.1566.
14-09-2022 09:48 GMT
by Kenneth Fisher
Stock markets have stabilized a little after Tuesday's rout which saw risk assets pummelled across the board.
There appears to have been a tendency in recent months to front-run certain releases in the hope that it's going to prove to be the "pivot" moment when everything starts to look up, central banks can ease off the brake and risk assets will have bottomed. That certainly looks to have been the case over the last week as investors were lured into a false sense of security following the July
14-09-2022 08:03 GMT
by Craig Erlam
NZD/USD remains under pressure and is trading below the symbolic 0.60 level. Earlier today, the pair fell to 0.5976, its lowest level since May 2020.
New Zealand dollar slides after US inflation data
It was Black Tuesday for the New Zealand dollar, as NZD/USD declined by 2.24%.
14-09-2022 07:50 GMT
by Kenneth Fisher
The Japanese yen has posted sharp gains today. USD/JPY is trading at 143.09, down 1.00% on the day.
Is Japan planning a currency intervention?
The yen has taken investors on a roller-coaster ride this week.
14-09-2022 06:45 GMT
by Kenneth Fisher
The Australian dollar is licking its wounds today, after a brutal collapse on Tuesday. AUD/USD is trading at 0.6739 in the European session, up 0.12%.
US inflation sends USD soaring
On Tuesday, I noted that the Australian dollar had edged higher, thanks to decent consumer and business confidence data.
14-09-2022 04:26 GMT
by Kenneth Fisher
US stocks are crumbling after a very hot inflation has Wall Street nervous that they were too optimistic in forecasting the end of the Fed’s tightening cycle. Markets are no longer confident that the Fed will only deliver a 75bp increase this month, a half-point increase in November and a 25-basis-point increase in December. The Fed will likely have to be even more aggressive with raising rates and that is bad news for risky assets.
13-09-2022 12:44 GMT
by Edward Moya
The US dollar, on the ropes for the past few days, came out swinging today and has posted sharp gains against all of the major currencies. In the North American session, EUR/USD is trading at 1.0012, down 1.12%.
13-09-2022 11:16 GMT
by Kenneth Fisher
OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discuss the UK economy, US inflation, Japanese Yen and Oil.
13-09-2022 07:26 GMT
by Craig Erlam
GBP/USD is in positive territory today. In the European session, the pound is trading at 1.1731, up 0.42%.
13-09-2022 07:26 GMT
by Kenneth Fisher