The Australian dollar continues to exhibit sharp volatility. AUD/USD declined by 0.82% on Friday but has bounced back today and soared 1.15%.
08-08-2022 10:32 GMT
by Kenneth Fisher
Forex: all news & analysis
Explore our comprehensive Forex Archive, an essential resource that provides expert insights on price movements, trends, and the currency market. By analysing past price actions and key events, you can uncover vital market dynamics and elevate your understanding of effective trading strategies. Whether you're focusing on major currency pairs or emerging markets, our archive is packed with information to help you sharpen your trading decisions.
The New Zealand dollar has started the week with strong gains. In the European session, NZD/USD is trading at 0.6281, up 0.63% on the day.
US Nonfarm payrolls send dollar higher
The week ended with a bang as US nonfarm payrolls smashed it out of the ballpark.
08-08-2022 07:55 GMT
by Kenneth Fisher
Can the Fed afford to ease off the brake?
The end of last week was a bit of a reality check for investors that were maybe getting a little carried away with the supposed "dovish pivot" from the Fed and turning a blind eye to the data and what central bank policymakers were saying.
Perhaps the experience of the last 12 months can explain the latter but there's no ignoring the data that we saw on Friday. The US economy is certainly not behaving like it's in a recession; rather the labour mar
05-08-2022 12:10 GMT
by Craig Erlam
The British pound is falling sharply in the North American session, after a massively strong US nonfarm payment release. GBP/USD is trading at 1.2040, down 0.98% on the day.
US Nonfarm Payrolls smashes higher
It wasn't so long ago that US nonfarm payrolls was one of the most anticipated events on the economic calendar and often had a significant impact on the movement of the US dollar.
05-08-2022 08:50 GMT
by Kenneth Fisher
Oil prices slump overnight
Although OPEC+ was a damp squib, rising recession fears saw oil prices slump once again overnight after a negative global outlook from the Bank of England policy meeting. Both Brent crude and WTI have now comprehensively broken lower through their 200 DMA’s, a negative technical development.
05-08-2022 04:24 GMT
by Jeffrey Halley
The day is finally here and today is my last markets note for OANDA. Like Elvis, I will be leaving the building, and it seemed appropriate that today’s title image is of me in my Elvis Presly jumpsuit.
05-08-2022 03:49 GMT
by Jeffrey Halley
OANDA Senior Market Analyst Craig Erlam discusses the moves in GBPUSD in the aftermath of the Bank of England's recession warning.
04-08-2022 14:17 GMT
by Craig Erlam
The Australian dollar is slightly higher today. AUD/USD is trading at 0.6936, up 0.22% on the day.
The RBA will be in focus for the second time this week, with the release of the RBA Monetary Statement on Friday.
04-08-2022 11:55 GMT
by Kenneth Fisher
Stocks continue to ignore the deepest yield curve inversion since the early 2000s. The S&P 500 index has rebounded over 13% from the June lows as many on Wall Street anticipate that the Fed will stop quantitative tightening next year and begin cutting interest rates. If the next couple of inflation and nonfarm payroll reports support the Fed pivot argument, we might stop hearing these bear market calls.
Equities might struggle to keep the rally going as investors continue to see economic
04-08-2022 11:06 GMT
by Edward Moya
The euro is showing little movement for a second straight day. In the North American session, EUR/USD is trading at 1.0187, up 0.14% on the day.
With a light economic calendar today in both the US and Europe, the euro is likely to continue to have a quiet day.
04-08-2022 09:55 GMT
by Kenneth Fisher
USD/JPY continues to gain ground and has pushed across the 134 line. In the European session, the pair is trading at 134.12, up 0.20%.
The week started off nicely for the Japanese yen, which took advantage of broad weakness in the US dollar.
04-08-2022 07:10 GMT
by Kenneth Fisher
We're seeing a little more positivity in the markets after another lively week and there's still plenty to come as we get closer to the weekend.
Fed officials have been out in force again; this time with a focus on market expectations of a swift reversal from rate hikes to cuts early next year. Both Mary Daly and Neel Kashkari were very clear that it's unreasonable to expect such a policy u-turn given the inflation environment, with Kashkari even saying he's not sure what markets are looking at
04-08-2022 05:39 GMT
by Craig Erlam
The British pound has posted slight gains ahead of today's key Bank of England meeting. In the European session, GBP/USD is trading at 1.2167, up 0.17% on the day.
BoE expected to deliver 50bp salvo
The BoE will be in the spotlight, with the markets pricing a supersize 50bp rate hike at 90%.
04-08-2022 05:12 GMT
by Kenneth Fisher
Oil slides after OPEC+ meeting
Crude prices tumbled after energy traders saw both the smallest increase in OPEC+ history and as gasoline demand plunged in the US. It looks like OPEC+ is resisting calls to boost output because the crude demand outlook continues to get slashed. The world is battling the ongoing global energy crisis and it won’t be getting any help from OPEC+.
The weekly EIA crude oil inventory was very bearish. A headline build of 4.46 million bpd and plunging gasoline dem
03-08-2022 14:09 GMT
by Edward Moya
The euro has edged lower and is trading at 1.0138 in the North American session, down 0.27% on the day.
Eurozone retail sales, Services PMI fall
Today's Eurozone data de-accelerated, which is bound to raise concerns about the health of the eurozone economy. Eurozone Services PMI dropped to 51.2 in July, down from 53.0 in June (50.6 est.).
03-08-2022 10:36 GMT
by Kenneth Fisher
The British pound is in positive territory today and briefly climbed above the 1.22 line. In the European session, GBP/USD is trading at 1.2185, up 0.18% on the day.
Will BoE tighten by 50bp?
The Bank of England meets on Thursday, and a 50bp hike looks likely, especially after hints from Governor Bailey to that effect.
03-08-2022 07:30 GMT
by Kenneth Fisher
The New Zealand dollar has edged higher today. In the European session, NZD/USD is trading at 0.6261, up 0.11% on the day.
NZD/USD took a tumble on Tuesday, as nervous investors waited to see if Nancy Pelosi would indeed visit Taiwan, despite furious threats from China.
03-08-2022 05:30 GMT
by Kenneth Fisher
US stocks went on a rollercoaster ride as traders grew nervous over China’s retaliation over House Speaker Pelosi’s trip to Taiwan, a reminder from Fed’s Daly that their interest rate hiking cycle is nowhere near done, and further signs the labor market is cooling but still remains tight enough for the Fed to deliver a couple more rate hikes. China’s response to Pelosi’s trip to Taiwan could have an impact on supply chains and demand, which could keep the inflationary pressures going strong.
02-08-2022 17:14 GMT
by Edward Moya
The euro is in negative territory today. EUR/USD is trading at 1.0207, down 0.51% on the day.
Will weak German data weigh on euro?
Germany, the largest economy in the eurozone, is showing signs of weakness, which bodes badly for the rest of the eurozone as well as the euro.
02-08-2022 08:48 GMT
by Kenneth Fisher
The New Zealand dollar has reversed directions today and recorded sharp losses. NZD/USD is trading at 0.6285, down 0.75% on the day.
02-08-2022 06:08 GMT
by Kenneth Fisher