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Market Insights Podcast (Episode 340)

Jonny Hart speaks to APAC Senior Market Analyst Jeffrey Halley about news impacting the market and the week ahead. It has been a Bonfire of Vanities in Asia today as equities tumble and the crypto meltdown continues. We start the podcast off with a recap of Friday's torrid session post the US inflation data.

13-06-2022 02:45 GMT by Jeffrey Halley

Week Ahead - Rate hikes keep coming

It's been a slow start to the month in financial markets but the ECB rate decision on Thursday finally got things moving and the US inflation data on Friday kept it going into the weekend. With so much to look forward to next week, it's going to get really interesting. The Fed rate decision on Wednesday is naturally the highlight, as traders look for further indications of the level of tightening that's going to be required and whether it will ultimately tip the econom

10-06-2022 12:26 GMT by Craig Erlam

Pound extends losses, US inflation looms

The British pound remains under pressure. GBP/USD is in negative territory today, following back-to-back losing sessions.

10-06-2022 07:34 GMT by Kenneth Fisher

Markets eye Canadian job report, US inflation

The Canadian dollar has extended its losses today. USD/CAD is trading at 1.2743, up 0.35% on the day. Thursday saw the US dollar gives its Canadian cousin a spanking, as USD/CAD jumped 1.13%, its highest daily gain this year.

10-06-2022 06:40 GMT by Kenneth Fisher

Yen claws back, US inflation next

The Japanese yen has reversed directions and is in positive territory. In the European session, USD/JPY is trading at 133.86, down 0.38% on the day. Despite today's gains, the yen remains under strong pressure.

10-06-2022 05:10 GMT by Kenneth Fisher

Oil dips on China concerns, gold range-bound

Oil eases in Asia on China fears Oil prices consolidated their recent gains overnight, with Brent crude edging 0.70% lower to USD 122.85, and WTI easing by 0.80% to USD 121.45 a barrel. Oil has continued retreating in Asia, driven by China slowdown fears after widened Covid mass testing was announced for Shanghai this weekend.

10-06-2022 03:47 GMT by Jeffrey Halley

US dollar strengthens overnight

Inflation jitters boost US dollar Pre-US inflation nerves triggered a wave of risk aversion in equity markets overnight, which translated into haven inflows to the US dollar, which booked gains in the DM and EM space. The dollar index leapt 0.74% higher to 1.0330 overnight, although the rally’s scope was flattered by the euro sell-off, the index's largest component.

10-06-2022 03:40 GMT by Jeffrey Halley

US inflation Friday at last

The roller coaster activity on US stock markets continued overnight, with Wall Street deciding that inflation and recessions were an issue for two days in a row. A tiny rise in US Initial Jobless Claims probably tilted Wall Street over the edge, following the European Central Bank’s tilt to a hawkish bias at their policy meeting earlier in the day. Markets eye US inflation Thankfully, Friday is here on a number of levels, but most especially because we will see the release of US Inflation and Co

10-06-2022 03:23 GMT by Jeffrey Halley

Euro reacts to ECB

OANDA Senior Market Analyst Craig Erlam discusses EURUSD in the aftermath of the ECB monetary policy decision and press conference.

09-06-2022 18:44 GMT by Craig Erlam

Stocks drop after ECB and ahead of potentially hot CPI report, bitcoin stuck at $30k

US stocks declined as global bond yields rose after the ECB prepared markets for a rate hiking cycle and on growing nervousness that tomorrow’s CPI data will clearly show inflation isn’t near peaking. The outlook is darkening and that might be how the argument for the Fed to pause in September begins.

09-06-2022 14:31 GMT by Edward Moya

ECB hints at super-sized hikes

European stocks are tumbling on Thursday as the ECB laid the groundwork for multiple rate hikes over the coming months. In keeping with President Lagarde's blog post a few weeks ago, the statement that accompanied the initial decision was very clear and specific as to the actions it intends to take over the next few months and beyond. What's more, Lagarde was very clear in what it would take for the ECB to join the 50 basis point club in September.

09-06-2022 11:34 GMT by Craig Erlam

Pound unchanged, US inflation ahead

GBP/USD is drifting today, with a very light economic calendar. There are no UK releases and the only important release out of the US was unemployment claims, which rose from 202 thousand to 229 thousand (210 exp.).

09-06-2022 11:27 GMT by Kenneth Fisher

New Zealand dollar drifting

NZD/USD has been on a downswing this week, falling close to 1%. The currency is almost unchanged today, ahead of the release of New Zealand Manufacturing Sales later today. US core CPI expected to fall One of this week's highlights is the US inflation report for May, which will be released on Friday.

09-06-2022 08:28 GMT by Kenneth Fisher

Euro unchanged ahead of ECB meeting

It has been a quiet week for the euro, and that trend has continued today, as EUR/USD is unchanged at 1.0718. All eyes on ECB The ECB is poised to end its accommodative policy at today's meeting, but there is plenty of uncertainty and anticipation ahead of the announcement. The central bank has signalled that it plans to tighten policy but has been short on details.

09-06-2022 06:46 GMT by Kenneth Fisher

Oil rises on UAE warning, gold stuck

UAE Oil Minister lifts oil prices Oil prices shot higher overnight with the UAE oil minister warning that China’s reopening and the inability of OPEC+ members to pump at production targets posed more upside risks to oil prices. Tensions around Iran’s nuclear programme also diminished hopes of more Iranian crude on international markets.

09-06-2022 04:46 GMT by Jeffrey Halley

Currency markets continue to range trade

US dollar remains choppy US yields climbed higher overnight which was enough to lift the dollar index to a 0.20% gain to 102.55. It has given most of that back in Asia, falling to 102.40 thanks to a modest yen rally.

09-06-2022 04:33 GMT by Jeffrey Halley

And today’s theme is….

Inflation jitters send US yields, dollar higher Inflation. The chop-fest range trading beguiling currency, bond, and equities markets in the US this month continued overnight.

09-06-2022 03:57 GMT by Jeffrey Halley

GBP/USD - What next for Boris and the pound?

OANDA Senior Market Analyst Craig Erlam discusses the moves in GBPUSD in the aftermath of Boris Johnson's no-confidence vote.

08-06-2022 18:23 GMT by Craig Erlam

Nothing slowing down oil's rally, gold rallies

Oil rallies on tight market Crude prices are rallying despite a small inventory build as energy traders see no end in sight as to how tight the oil market will remain. Oil has been on a tear and growing fears of economic weakness have yet to slow down the rally with prices. The EIA reported a build of 2 million barrels for the week to June 3rd, analysts expected a draw of 2.3 million barrels. Refiners are processing at levels not seen before the pandemic, which suggests the short-term cr

08-06-2022 14:32 GMT by Edward Moya

Markets fluctuate ahead of ECB

Stock markets have endured another negative day in Europe as investors await tomorrow's hotly-anticipated ECB meeting. Much like the other two days this week, it's hard to read too much into today's trading as there's very little of note driving it. And with the ECB tomorrow, US inflation on Friday and the Fed next week, there are far more pressing matters ahead than the selection of headlines of recent days. The World Bank warning of potential recessions.

08-06-2022 14:07 GMT by Craig Erlam

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