The British pound has edged lower on Tuesday. GBP/USD is trading at 1.2683 in the European session at the time of writing, down 0.16% on the day.
18-06-2024 07:09 GMT
by Kenneth Fisher
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The euro is steady on Monday. EUR/USD is trading at 1.0714 in the North American session, up 0.10% on the day.
French election triggers market turmoil
France’s financial markets took a tumble late last week, as investors are nervous about the snap parliamentary election at the end of June.
17-06-2024 10:53 GMT
by Kenneth Fisher
The Australian dollar is steady on Monday. AUD/USD is trading at 0.6605 in the European session, down 0.14% on the day.
17-06-2024 07:23 GMT
by Kenneth Fisher
Gold surrendered Friday's gains as a retest of $2300 gains momentum.
US dollar index (DXY) rises but faces stern resistance at 105.63.
Geopolitics remains on the back burner for now, but risks remain.
Fundamental Overview and Week Ahead
Gold prices began the week on the backfoot, with a slight gap to the downside at the open.
17-06-2024 06:08 GMT
by Zain Vawda
WTI Oil on course for its best week in over two months.
WTI unfazed as OPEC and IEA forecast paint differing demand pictures.
WTI eyeing trendline break and psychological $80 a barrel mark.
14-06-2024 10:12 GMT
by Zain Vawda
The euro has extended its losses on Friday. EUR/USD is trading at 1.0675 in the European session, down 0.59% on the day.
14-06-2024 09:46 GMT
by Kenneth Fisher
The New Zealand dollar is sharply lower on Friday. NZD/USD is down 0.61%, trading at 0.6130 in the European session at the time of writing.
New Zealand manufacturing PMI misses estimate
New Zealand’s manufacturing sector contracted for a 14th straight month in May.
14-06-2024 07:36 GMT
by Kenneth Fisher
The rising power and influence of the EU’s far-right political parties have spooked European financial markets.
A poll has indicated prominent French far-right National Rally party is leading by a significant margin over the incumbent President Macron’s party for the upcoming 1st round of the French legislative election on 30 June.
The rapidly rising yield spread of the French and German 10-year government yields has triggered a reflexive negative feedback loop into the German DAX.
14-06-2024 07:17 GMT
by Kelvin Wong
The Japanese yen posted sharp losses earlier but has almost completely recovered. In the European session, USD/JPY is trading at 157.09, up 0.06%.
14-06-2024 06:06 GMT
by Kenneth Fisher
The British pound has lost ground on Thursday. GBP/USD is trading at 1.2760 in the North American session at the time of writing, down 0.29% on the day.
UK economy flatlines in April
The UK economy showed no growth in April, which was in line with expectations but below the March reading of 0.4% m/m.
13-06-2024 11:08 GMT
by Kenneth Fisher
The Australian dollar has edged lower on Thursday. AUD/USD is trading at 0.6674 in the North American session, up 0.14% on the day.
13-06-2024 08:54 GMT
by Kenneth Fisher
Hawkish FOMC adds further pressure on the BoJ as USD/JPY advances.
Speculation builds that the BoJ will announce a more comprehensive cut to its bond buying programme.
Fundamental Overview: FOMC Recap and BoJ Outlook
The Japanese continued its slide this morning as USD/JPY edged higher toward the 160.00 psychological level. A brief respite yesterday for USD/JPY which was somewhat of a surprise given the outcome of the Federal Reserve (FOMC) meeting.
13-06-2024 08:31 GMT
by Zain Vawda
This week, financial markets are focused on the FOMC interest rate decision, as well as key economic indicators such as CPI and PPI. The Fed's decision comes on the heels of rate cuts by the ECB and BOC, with expectations of a hold on rates in June.
11-06-2024 22:29 GMT
by Moheb Hanna
The Australian dollar has declined by 0.28% on Tuesday. AUD/USD is trading at 0.6600 in the European session, down 0.16% on the day.
11-06-2024 08:50 GMT
by Kenneth Fisher
The euro is down for a third straight day and has dropped 1.3% since Thursday. EUR/USD is trading at 1.0731 in the European session, down 0.32% on the day.
11-06-2024 07:26 GMT
by Kenneth Fisher
The British pound is drifting on Tuesday. GBP/USD is trading at 1.2720 in the European session at the time of writing, down 0.08% on the day.
11-06-2024 05:08 GMT
by Kenneth Fisher
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week's key economic data and events. Firstly, the major key risk event this week will be on Wednesday, 12 June where we have a double dose of US CPI data release for May and US FOMC meeting outcome where the focus will be on the forward guidance of US monetary policy from Fed Chair Powell's press conference and the latest summary of economic projections ("dot plot") release on forecasted inflationary trends and the implied
11-06-2024 01:29 GMT
by Kelvin Wong
The Japanese yen is calm on Monday. In the North American session, USD/JPY is trading at 156.91, up 0.09% on the day at the time of writing.
Japan’s GDP declines
Japan’s economy contracted in the first quarter with a weak reading of -1.8% y/y,
following a revised 0.4% gain in Q4 2023.
10-06-2024 12:18 GMT
by Kenneth Fisher
The British pound has started the week quietly. GBP/USD is trading at 1.2718 in the North American session at the time of writing, down 0.03% on the day.
UK job growth expected to shrink
The UK releases the May employment report on Tuesday.
10-06-2024 10:46 GMT
by Kenneth Fisher
The Canadian dollar had a rough week and declined 1% against the US dollar. On Friday, a combination of lukewarm job data out of Canada and a hot US nonfarm payrolls report sent USD/CAD up 0.70%.
10-06-2024 09:04 GMT
by Kenneth Fisher