The Japanese yen continues to lose ground. Last week, USD/JPY rose 1.41% and has added another 0.97% on Monday.
11-04-2022 07:34 GMT
by Kenneth Fisher
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The New Zealand dollar remains under pressure and is in negative territory at the start of the week. Earlier in the day, NZD/USD dropped to 0.6813, its lowest level since March 16th.
Markets await RBNZ rate decision
The RBNZ, like many other major central banks, is finding itself playing catch-up with soaring inflation.
11-04-2022 05:29 GMT
by Kenneth Fisher
China's growth fears prompt oil selling
Oil finished last week slightly higher in directionless trading. Brent crude rose 0.95% to USD 102.30 a barrel, and WTI rose 0.80% to USD 97.75 a barrel.
11-04-2022 04:22 GMT
by Jeffrey Halley
US dollar holds onto gains
The US dollar has a choppy session on Friday, the dollar index spiking to 100.19 before retreating to finish just 0.10% higher at 99.84. In Asia, an uncertain outlook on multiple fronts has lifted it 0.10% higher to 99.93.
11-04-2022 04:03 GMT
by Jeffrey Halley
US stocks pared losses after reports that the ECB is working a crisis tool that could help tackle what seems to be a likely surging bond yield problem for the southern periphery. The ECB has the hardest job of all the other major central banks and this potential tool shows they are trying to get ahead of what will be an unbalanced economic recovery once inflation eases. Wall Street is looking at surging Treasury yields and swapping out tech stocks for more defensive plays such as energy, finan
08-04-2022 14:34 GMT
by Edward Moya
There has been incredible resilience in equity markets in recent weeks as central banks have ramped up interest rate expectations, particularly at the Fed, and bond markets have at times priced in a recession. While there have been wobbles in stock markets, they've quickly recovered which suggests investors may not be buying the recession warnings.
08-04-2022 10:54 GMT
by Craig Erlam
The currency markets are in calm waters today, with one eye on the weekend. The Canadian dollar is no exception, as USD/CAD is unchanged, trading just shy of the 1.26 line.
The Federal Reserve continues to send out hawkish feelers to the markets.
08-04-2022 07:33 GMT
by Kenneth Fisher
USD/JPY continues to trade sideways and looks like it may drift right into the weekend. In the European session, USD/JPY is trading just above the 124 line.
Japanese data mixed
Japan released a data dump on Friday, but the yen wasn't biting and has shown little change.
08-04-2022 04:33 GMT
by Kenneth Fisher
Oil prices ease in Asia
Oil prices traded in a USD 5.00 range overnight, but despite the overcaffeinated traders of the oil market raising their blood pressures intraday, both Brent and WTI ultimately settled almost unchanged. This is as good a reason to my readers to not get caught up in short-term market moves generally, as any.
08-04-2022 03:29 GMT
by Jeffrey Halley
US dollar holds onto gains
Currency markets had a choppy night with decent ranges seen across the majors. Ultimately though, despite all the noise, markets settled fairly close to where they had started.
08-04-2022 03:20 GMT
by Jeffrey Halley
OANDA Senior Market Analyst Craig Erlam discusses the moves in gold as the Fed's hawkish shift continues.
07-04-2022 17:53 GMT
by Craig Erlam
Jonny Hart looks back on the week's business and markets news with OANDA Senior Market Analyst Ed Moya in New York. This week they discuss how financial markets reacted to the Fed Minutes, what happened in the oil markets, and discussed cryptocurrencies. They also discuss what the week ahead has in store for financial markets.
07-04-2022 15:05 GMT
by Edward Moya
The New Zealand dollar has extended its losses on Thursday and dropped below the 69 line. In the North American session, NZD/USD is trading at 0.6887, down 0.42% on the day.
Fed puts 0.50% hikes on the table
The hawkishness of the FOMC minutes was not a surprise, given that the markets had heard this from Fed members George and Brainard a day earlier.
07-04-2022 13:06 GMT
by Kenneth Fisher
The Australian dollar has extended its losses and has fallen below the symbolic 75 line. In the North American session, AUD/USD is trading at 0.7475, down 0.45% on the day.
Central bank announcements have been sending the Australian dollar up and down this week like a yo-yo.
07-04-2022 09:55 GMT
by Kenneth Fisher
The euro is down slightly on Thursday and remains under pressure. EUR/USD hasn't posted a winning session in the month of April and fell to 1.0874 yesterday, which was a one-month low.
07-04-2022 05:02 GMT
by Kenneth Fisher
Oil prices fall on IEA release
Oil prices dipped overnight after the IEA announced a globally coordinated reserve release of 120 million barrels, which is actually a net 60 million release when the US contribution is stripped out. Brent crude and WTI fell by over 4.0% overnight, assisted by higher than expected US Crude Inventories, to USD 101.70 and USD 96.40 respectively.
With the IEA release and the US SPR releases now priced in, Asia has walked in and bought the dips in both contracts t
07-04-2022 03:59 GMT
by Jeffrey Halley
Fed to accelerate balance sheet reduction
The FOMC minutes were released overnight and signalled a faster pace of balance sheet runoff then on previous occasions, targeting USD 95 billion per month from September, easing into the process from next month. The minutes also suggested that some 50 bp Fed Funds hikes were on the cards and expect that to happen from next month.
07-04-2022 02:19 GMT
by Jeffrey Halley
The Canadian dollar is steady today, trading at the 1.25 line.
Canada's Ivey PMI for March was up sharply, rising from 60.6 to 74.2. This crushed the consensus estimate of 60.0, the highest level in more than 11 years.
06-04-2022 12:35 GMT
by Kenneth Fisher
The euro is flat on Wednesday, putting the brakes on a nasty four-day slide. EUR/USD dipped below the 1.09 line in the Asian session before recovering.
ECB's Panetta warns about stagflation
Inflation has been skyrocketing in the US and UK, giving the Fed and BoE plenty of sleepless nights.
06-04-2022 10:40 GMT
by Kenneth Fisher
The Australian dollar is drifting on Wednesday, after taking quite the ride a day earlier, courtesy of the RBA rate decision.
RBA hawkishness sends Aussie soaring
AUD/USD rocketed some 200 points at one stage on Tuesday, in response to the RBA rate statement at its policy meeting. The Bank held rates at an ultra-low 0.10%, where they have been pegged since November 2020.
06-04-2022 06:58 GMT
by Kenneth Fisher