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Market Insights Podcast (Episode 349)

Recession watch Senior Market Analyst Jeffrey Halley talks about news impacting the market and the week ahead. In this week's episode, Jeffrey Halley is filling in for a holidaying Craig Erlam. Market volatility continues to percolate at boiling point as asset markets try to price in a recession, or not!

06-07-2022 11:36 GMT by Jeffrey Halley

NZ dollar extends losses ahead of RBNZ report

The New Zealand dollar continues to lose ground on Wednesday and is trading at 0.6139, down 0.49%. NZD/USD touched a low of 0.6124 on Tuesday, its lowest level since May 2020.

06-07-2022 10:53 GMT by Kenneth Fisher

Euro slide continues

Euro tumbles below 1.02 The month of July has been an unmitigated disaster for the euro - with only three trading sessions in the books, EUR/USD has declined a staggering 2.73%. Earlier in the day, the euro dropped to 1.0186, its lowest level since December 2002.

06-07-2022 09:04 GMT by Kenneth Fisher

Pound stabilizes after tumble

The British pound has edged lower today after a massive slide of 1.18% yesterday. GBP/USD is trading at 1.1944 in the European session, down 0.14% on the day.

06-07-2022 05:30 GMT by Kenneth Fisher

Oil tumbles on recession nerves, gold slides

Oil plummets overnight on recession fears Recession fears saw oil markets plummet overnight, with both Brent crude and WTI taking out their 2022 rising support lines in no uncertain terms. Brent crude slumped by 7.90% to USD 104.75, having tested USD 101.00 a barrel intraday.

06-07-2022 04:38 GMT by Jeffrey Halley

US dollar soars on haven demand

US dollar broadly higher as risk sentiment fizzles The US dollar soared versus both developed and emerging market currencies overnight, as recession fears saw a spike in haven demand for US dollars. Quite a bit of that looks to have been recycled into US bond markets as well, adding to the recessionary downward pressure on yields.

06-07-2022 04:29 GMT by Jeffrey Halley

Recession meltdown

Recession fears buffeted markets overnight, with the price action across various asset classes looking like a self-sustaining negative feedback loop, triggering more stop losses as prices slumped and dragging in trend-following momentum-hunting fast money. European equities, euro take a tumble Europe endured a torrid day as the Norwegian oil worker strike proved the last straw for an energy-starved Europe. European equities plummeted and rightly so, as Europe's energy-from-Russia Achilles heel w

06-07-2022 04:07 GMT by Jeffrey Halley

Pound dives below 1.19 as dollar soars

The British pound has taken a nasty tumble today, falling 1.63%. In the North American session, GBP/USD is trading just above the 1.1900 line. Bailey warns about economic outlook The US dollar is having its way with all of the major currencies today, with the exception of the Japanese yen.

05-07-2022 12:26 GMT by Kenneth Fisher

Euro tumbles to 20-year low

Euro slides below 1.03 The euro enjoyed a quiet Monday, as the currency markets were calm with US markets closed for a holiday. The euro started the Tuesday session without incident, but the roof fell in late in the Asian session.

05-07-2022 11:07 GMT by Kenneth Fisher

Aussie slammed after RBA hike

The Australian dollar is sharply lower on Tuesday. In the European session, AUD/USD is trading at 0.6796, down 1.0% on the day. RBA hikes by 0.50%, Aussie plunges The RBA delivered a 0.50% rate hike for a second straight month, bringing the cash rate to 1.35%.

05-07-2022 06:22 GMT by Kenneth Fisher

Oil stable, gold vulnerable

Oil is steady in Asia Oil price continued their recovery from Thursday’s recession-fear sell-off as the supply-demand balance in the real world continues to underpin prices in the futures market. Brent crude rose by 2.15% overnight, easing 0.35% to USD 113.40 a barrel in subdued Asian trading.

05-07-2022 05:27 GMT by Jeffrey Halley

US dollar remains firm

US dollar steady after July 4th holiday A US holiday overnight torpedoed volatility in currency markets, but overall, the US dollar continues to maintain its gains versus the DM and EM currency space, despite insipient bullish sentiment in other asset classes and falling US yields. It seems that while markets tie themselves in knots in other asset classes, the US dollar remains the favoured seat to watch the fun and games from in the stadium.

05-07-2022 05:16 GMT by Jeffrey Halley

Knot-tying masterclass continues

One of the more pleasing aspects of being aboard a slow boat into the rainforests of Borneo these past few days was the complete loss of mobile telephony signals. The temptation to look at emails, chats, social media, or news from the markets was compulsorily removed, thanks to the national park being bigger than all of Bali. I certainly haven’t missed much in my short absence.

05-07-2022 04:22 GMT by Jeffrey Halley

Euro calm in thin holiday trade

The euro is trading quietly in European trade at 1.0433. With US markets closed for the Fourth of July holiday, we can expect a quiet session today. US markets are closed today, putting the focus on eurozone data, which was a mixed bag.

04-07-2022 10:36 GMT by Kenneth Fisher

Will RBA hike boost the Aussie?

We are seeing plenty of volatility from the Australian dollar. AUD/USD is trading at 0.6883 in European trade, up 0.98% on the day. The Australian dollar has recovered most of its losses from Friday, when the pair slipped 1.28%. RBA set to hike, but by how much? All eyes are on the RBA, which holds its monthly policy meeting on Tuesday.

04-07-2022 08:23 GMT by Kenneth Fisher

Yen steady in holiday-thin trading

The currency markets will be in quiet mode today, as US markets are closed for the Fourth of July holiday. The yen hasn't shown much movement over the past week, although USD/JPY hit another 24-year high last week when it climbed to the 137.00 line. In the US, there are no tier-1 releases until Wednesday, with the release of the FOMC minutes.

04-07-2022 04:50 GMT by Kenneth Fisher

Week Ahead - Peak Fed Tightening?

The focus has shifted in recent weeks from how far central banks are going to go in their tightening cycles to how much of an economic slowdown we are facing and if a recession is still avoidable.

01-07-2022 12:47 GMT by Craig Erlam

Euro slides as inflation jumps

The euro is sharply lower on Friday and is currently trading just above the 1.04 line, down 0.76%. Eurozone inflation outperforms Eurozone CPI for June was higher than expected, at 8.6% YoY. The estimate stood at 8.4% and inflation rose sharply from the May reading of 8.1%.

01-07-2022 10:02 GMT by Kenneth Fisher

Oil edges higher, gold falls

Oil higher amid supply outages Oil prices are edging higher again on Friday after paring gains over the last couple of days. With OPEC+ opting to raise production by 648,000 again in August but not comment beyond then, there is a cloud of uncertainty over the supply side again.

01-07-2022 09:07 GMT by Craig Erlam

USD/JPY - Rally running on fumes?

OANDA Senior Market Analyst Craig Erlam talks about USDJPY as the rally once again loses momentum.

01-07-2022 09:07 GMT by Craig Erlam

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