The Canadian dollar is showing small losses on Friday. USD/CAD is trading at 1.4196 in the European session, up 0.14%.
21-02-2025 06:28 GMT
by Kenneth Fisher
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The British pound has steadied on Friday against the US Dollar after climbing 0.6% a day earlier. GBP/USD is trading at 1.2655 in the European session, down 0.1% on the day.
UK retail sales jump 1.7%
UK retail sales sparkled in January, climbing 1.7% m/m. The reading crushed the market estimate of 0.3% and bounced back from an upwardly revised -0.6% in December. This was the fastest pace since May 2024 and was largely driven by a sharp increase in food store sales.
21-02-2025 04:53 GMT
by Kenneth Fisher
Bitcoin (BTC/USD) is holding above $95k but facing significant resistance.
While spot Bitcoin ETFs have attracted substantial investments, there have been recent net outflows, and on-chain data suggests a cooling down in speculative appetite.
Strategy's potential Bitcoin purchase, following a $2 billion fundraising, could be a catalyst for a future bull run.
Most Read: Brent Oil Price Forecast: Supply Concerns and Technical Analysis
Bitcoin has regained momentum after finding support at the key
20-02-2025 19:15 GMT
by Zain Vawda
The Australian dollar has posted strong gains on Thursday. In the European session, AUD/USD is trading at 0.6377, up 0.55% on the day.
Australia's job growth beats forecast
Australia's labor market continues to shine. The economy created 44 thousand jobs in January, blowing past the market estimate of 20 thousand. This followed an upwardly revised gain of 60 thousand in December. Impressively, full-time employment jumped 54.1 thousand and part-time employment decreased by 10.1 thousand. The
20-02-2025 06:21 GMT
by Kenneth Fisher
Join OANDA Market Analyst Kenny Fisher & podcast guest Nick Syiek (TraderNick) as they review the latest market news and moves. MarketPulse provides up-to-the-minute analysis on forex, commodities and indices from around the world.
MarketPulse is an award-winning news site that delivers round-the-clock commentary on a wide range of asset classes, as well as in-depth insights into the major economic trends and events that impact the markets.
20-02-2025 04:24 GMT
by Kenneth Fisher
The recent Euro strength in the past week has fizzled out.
The ongoing trend of the 2-year yield premium shrinkage between the 2-year German Bunds over Japanese Government Bonds reinforced further potential downside in EUR/JPY.
Watch the 155.45 downside trigger level of the EUR/JPY.
After a multi-month downtrend in the Euro Currency Index from the September 2024 high of 112.14 to the January 2025 low of 101.92, the Euro has started consolidating due to speculative net short positioning. The Eur
19-02-2025 20:20 GMT
by Kelvin Wong
The British pound continues to have an uneventful week. In the European session, GBP/USD is trading at 1.2595, down 0.13% on the day.
UK inflation hits 3% in January
Consumer inflation in the UK rose to 3% y/y in January, a sharp rise from the 2.5% gain in December and higher than the market estimate of 2.8%. This was the highest level since March 2024 and was driven by price increases in transportation, fuel and food. Monthly, CPI decreased by 0.1%, following a 0.4% gain in December and abov
19-02-2025 08:24 GMT
by Kenneth Fisher
The New Zealand dollar has posted gains on Wednesday. NZD/USD is trading at 0.5721 in the European session, up 0.31% on the day.
RBNZ chops rates by 50 bps as expected
The Reserve Bank of New Zealand slashed the cash rate by 50 basis points, bringing the cash rate to 3.75%. The markets had priced in the cut at 90% so there was no surprise at the jumbo cut. This lowered the cash rate to its lowest level since Nov. 2022. The RBNZ demonstrated again that it can be aggressive, as it h
19-02-2025 05:31 GMT
by Kenneth Fisher
Geopolitical tensions continue to support gold prices despite talks between the US and Russia, and a potential phase two deal between Israel and Hamas.
Gold has held above the $2900/oz level to start the week, but the RSI indicates it is in overbought territory.
The article identifies key support levels for gold at 2924, 2913, and 2882, and resistance levels at 2937, 2942, and 2950.
18-02-2025 11:41 GMT
by Zain Vawda
The New Zealand dollar is sharply lower on Tuesday. NZD/USD is trading at 0.5700 in the North American session, down 0.62% on the day.
RBNZ expected to chop rates by 50 basis points
The Reserve Bank of New Zealand meets on Wednesday for the first time this year. The RBNZ lowered rates by a half-point at the last meeting on Nov. 27 and the markets have priced in another half-point cut on Wednesday at 90%, which would bring the cash rate down to 3.75%.
18-02-2025 09:55 GMT
by Kenneth Fisher
The Canadian dollar is calm on Tuesday. In the European session, USD/CAD is trading at 1.4194, up 0.08%.
Canada's CPI expected to creep up to 1.9%
Canada releases the January inflation report later today and headline inflation is expected to edge higher to 1.9% from 1.8% in December, which was a three-month low. Headline inflation has remained at or below the 2% target for five consecutive months but that does not mean that inflation worries are over.
18-02-2025 07:42 GMT
by Kenneth Fisher
The Australian dollar is drifting on Tuesday after three straight days of gains. In the European session, AUD/USD is trading at 0.63671, up 0.09% on the day.
RBA lowers rates to 4.1%
The Reserve Bank of Australia cut the cash rate by a quarter-point on Tuesday to 4.10%. The decision was widely expected and the Australian dollar has shown little reaction. Still, the move is a milestone, as the RBA delivered its first rate cut in over four years.
18-02-2025 05:20 GMT
by Kenneth Fisher
New Zealand's unemployment rate has accelerated to 5.1% in Q4 2024, a whisker below its Covid peak of 5.2% while Australia’s unemployment rate remained stable at 4%.
A further steepening of yield spreads between Australian and New Zealand sovereign bonds may trigger further upside in the AUD/NZD cross rate.
Watch the 1.0980 key medium-term support on AUD/NZD.
This week, the Antipodean countries’ central banks will decide their respective monetary policy; Australia’s RBA on Tuesday, 18 February,
17-02-2025 12:28 GMT
by Kelvin Wong
The British pound is showing little movement on Monday. In the North American session, GBP/USD is trading at 1.2592, up 0.06% on the day.
UK job growth expected to plunge
The markets are bracing for a sharp decline in employment in the three months to December, with a forecast of -130 thousand. This follows an increase of 36 thousand in the three months to November. Job growth has posted eight consecutive three-month periods of growth and the resilient labor market has eased pressure on the B
17-02-2025 10:02 GMT
by Kenneth Fisher
The Japanese yen continues to roll against the US dollar and has posted gains for a third straight trading day, gaining 1.9% during that time. In the European session, USD/JPY is trading at 151.43, down 0.53% on the day.
Japan's Q4 GDP beats estimate
Japan's GDP in the fourth quarter rose 0.7% q/q, blowing past the market estimate of 0.3% and above the upwardly revised 0.4% gain in the third quarter.
17-02-2025 08:55 GMT
by Kenneth Fisher
The Australian dollar is higher for a third consecutive trading day. In the European session, AUD/USD is trading at 0.6363, up 0.25% on the day. Earlier, AUD/USD climbed as high as 0.6373, its highest level this year.
RBA expected to cut rates to 4.1%
The Reserve Bank of Australia meets on Feb.
17-02-2025 06:04 GMT
by Kenneth Fisher
The Swiss franc has steadied on Friday after sliding 1.1% a day earlier. In the European session, USD/CHF is trading at 0.9016, down 0.16% on the day.
The US dollar beat a hasty retreat against the major currencies on Thursday, after the White House announced that the US would not impose reciprocal tariffs before April 1.
14-02-2025 07:18 GMT
by Kenneth Fisher
The New Zealand dollar continues to rally on Friday. NZD/USD is trading at 0.5702 in the European session, up 0.43% on the day.
Manufacturing PMI unexpectedly expands
New Zealand's Manufacturing PMI rose to 51.4 in January, up sharply from the December reading of 45.9 and above the market estimate of 46.0. This was a milestone reading as it marked the first expansion in almost two years and was the highest level since September 2022. All key sub-categories posted growth, including new
14-02-2025 06:28 GMT
by Kenneth Fisher
The Japanese yen continues to take investors and traders on a roller-coaster ride. After climbing 1.2% on Wednesday, USD/JPY gave almost all of those gains on Thursday, declining 1.05%.
14-02-2025 05:36 GMT
by Kenneth Fisher
The Australian dollar has edged higher on Thursday. In the North American session, AUD/USD is trading at 0.6292, up 0.22% on the day.
Australian consumer inflation expectations jump
Consumer inflation expectations in Australia climbed sharply to 4.6% in February, compared to 4% a month earlier. This blew past the forecast of 3.8% and marked the highest reading since April 2024.
13-02-2025 11:58 GMT
by Kenneth Fisher