Stocks: All News & Analysis

US Open: The Fed’s Inflation Problem, Rate hikes now priced in for next 3 meetings, Hawkish Fed speak, Oil and Gold crushed as dollar soars on rising rate hike bets, Crypto weakens

US stocks are selling off after the Fed’s preferred inflation reading comes in scorching hot, prompting bets that they will hike rates over the next three meetings. Some traders are also worried that they may need to take rates well above 6.00%. This morning is not just about PCE inflation, but also the consumer.

24-02-2023 10:38 GMT by Edward Moya

Mid-Market Update: Strong start fizzled out on Fed worries, Nvidia impresses, Claims suggest labor market is not ready to loosen, Crude rallies post EIA report, Gold weakens, Bitcoin wavers

US stocks initially rallied as traders become confident the Fed’s rate hiking campaign will be over after two or three more rate hikes. Stocks were also getting a boost after Nvidia delivered a robust outlook.

23-02-2023 13:37 GMT by Edward Moya

US Open: Bullard’s projections suggest Fed’s work is almost done, China-Russia ties, RBNZ hikes, Oil remains heavy, Gold edges higher, Bitcoin softens ahead of Fed Minutes

US stock turned positive after Fed’s Bullard stated that markets might be over-pricing US recession risk. Bullard said his projections for rates are to reach 5.375%, which implies 75 bps more in rate increases. Bullard is one of the more hawkish members, so if he thinks we only have a little ways to go here, the peak in rates might be properly priced in. The disagreement between the Fed and markets on how high rates to go might be over and that could provide a tentative boost for stocks.

22-02-2023 10:26 GMT by Edward Moya

Market Insights Podcast (Episode 435)

OANDA Senior Market Analyst Ed Moya reviews the latest market news with Jonny Hart. They discussed the Walmart and Home Depot earnings, President Putin's State of the Nation address, and cryptos.

21-02-2023 13:45 GMT by Edward Moya

US Open: A busy Tuesday, Putin vows to continue War, Weak outlooks from retailers, Walmart, Home Depot, Oil struggles, Gold lower ahead of Fed, Bitcoin resilience

US stocks are declining after retail earnings suggest margin worries are here and it will only get worse as the Fed is likely to deliver more tightening into early summer. Treasury yields are surging here as a tight labor market will force the Fed to do more tightening. Retailer earnings are suggesting it is going to be a tough year ahead and that should keep the pressure on stocks. Geopolitics Russia’s Vladimir Putin’s State of the Union speech suspended participation in a key nuclear arms p

21-02-2023 07:48 GMT by Edward Moya

US Close: Stocks punished on rate fears, Fed speak, Dollar higher, Gold finds support, Crypto lower

Wall Street appears to be closing out the week on a down note as investors become rattled over the prospect of more tightening by the Fed. It isn’t just Fed expectations that are rising, traders are also expecting the ECB to send rates much higher.

17-02-2023 16:17 GMT by Edward Moya

Market Insights Podcast (Episode 433)

OANDA Senior Market Analyst Ed Moya reviews the latest market news with Jonny Hart. They discussed the return of the bond bears following a wave of hawkish Fed speak, oil's weekly loss, crypto markets, and the week ahead.

17-02-2023 16:13 GMT by Edward Moya

Week Ahead - Economic data dominates

The latest round of economic data (retail sales, CPI, PPI, jobless claims) are all signaling more Fed rate hikes are coming. Wall Street will pay close attention to the flash PMIs, which could show manufacturing and service sector activity is stabilizing, existing home sales, jobless claims, and personal income & spending data.

17-02-2023 06:49 GMT by Craig Erlam

US Close: Stocks lower post hot PPI report and hawkish Fed speak, Fed's Mester saw case for 50 bp rise, Oil edges higher, Gold rebounds after six-week low, Bitcoin rises

A hot PPI report and unexpected initial jobless claims decline sent stocks lower as investors started to price in more Fed tightening. This week was a rude awakening for the disinflation process.

16-02-2023 14:28 GMT by Edward Moya

US Open: Stocks edge higher, Standard hawkish speak from Fed’s Bowman, Oil drops on demand risks, Gold vulnerable, Crypto lower

US stocks are rising as traders digest more balloon incidents and ahead of a key inflation that might tilt the Fed rate hiking scale. The initial move to start the week is higher, but traders might struggle to remain excessively bullish before tomorrow’s inflation data. Pricing pressures are expected to rise last month and we should not be surprised if the Valentine's day inflation report is very hot as used car prices and energy costs clearly rebounded last month. Risky assets could struggle

13-02-2023 10:22 GMT by Edward Moya

Market Insights Podcast (Episode 430)

OANDA Senior Market Analyst Ed Moya reviews the latest market news with Jonny Hart. They discussed the University of Michigan Sentiment Report/inflation expectations, Japan PM Kishida's expected pick to head the BOJ, crypto weakness, and the week ahead.

10-02-2023 15:09 GMT by Edward Moya

Stocks lower as rates rise, JPY pops on BOJ Gov nominee, Russia to cut oil output, Gold lower, Bitcoin breaks below $22k

US stocks are weakened as mounting inflation risks continue to drive Fed rate hike bets. The Nasdaq is getting hit the hardest as yields are moving higher again.

10-02-2023 12:32 GMT by Edward Moya

Week Ahead - A valentine's day treat

The Valentine’s Day inflation report is the main event of this week. Disinflation trends will get tested here and we could potentially have a major turning point with Wall Street’s expectations on how high the Fed will have to take interest rates. The January inflation report is expected to show headline CPI from a month ago rose 0.5%, up from the -0.1% reading in the prior month. Inflation from a year ago is expected to improve from 6.5% to 6.2%.

10-02-2023 11:28 GMT by Craig Erlam

Market Insights Podcast (Episode 429)

OANDA Senior Market Analyst Ed Moya reviews the latest market news with Jonny Hart. They discussed the State of the Union address, Fed Chair Powell's interview with David Rubenstein, and cryptos.

08-02-2023 09:26 GMT by Edward Moya

Stocks go on a Powell Rollercoaster Ride, Fed's Missed Opportunity, Oil rises, Gold volatile, Bitcoin higher

US stocks initially rallied after Fed Chair Powell didn’t take anything back from last week’s dovish FOMC press conference. Powell’s talk with David Rubenstein didn’t reveal anything new, but it will probably go down as a missed opportunity as he could have pushed back on what the market is pricing in.

07-02-2023 14:38 GMT by Edward Moya

US Close: Stocks lower on earnings and geopolitical risks, Dollar strength, Oil rises on demand hopes, Gold crushed, Bitcoin steadies

US stocks are declining on poor earnings and mounting geopolitical risks that will likely make it harder for disinflation trends to remain strong. Earnings season may also get the name layoff season as more companies announce their job reduction measures. Today, Dell confirmed they will lose about 6,650 jobs. Much of Wall Street is getting nervous over US-China tensions. A few months ago, China was not investable.

06-02-2023 15:22 GMT by Edward Moya

Week Ahead - Nearing the end of rate hikes?

Now that Wall Street has had enough time to process the dovish FOMC decision and another robust nonfarm payroll report, the focus shifts predominantly to Fed speak and economic data that should support the disinflation process. Traders will pay close attention to initial jobless claims and the University of Michigan sentiment report. Other notable economic releases include trade data, consumer credit, and the monthly budget statement.

03-02-2023 15:35 GMT by Craig Erlam

US Close - Fed irked by NFP shocker and ISM data, Oil sharply reverses, Gold crushed, Bitcoin rally stalls

After a busy and volatile week that included the end of Fed Chair Powell’s hawkish tone and mega-cap tech earnings disappointments, Wall Street should not have been surprised that today’s employment report would rattle markets. An impressive nonfarm payroll report was quickly followed by a report that showed the service sector is refusing to break. US stocks are dropping as investors realize the bearish move love with Treasury yields is over as the Fed may have to deliver a couple more rate hik

03-02-2023 14:13 GMT by Edward Moya

Stocks rally on Fed aftermath and Meta results, ECB plays catch up, oil in no man’s land, gold lower, bitcoin rallies

US stocks are rallying as the Fed has one or two more quarter-point rate rises left in this rate-hiking cycle. The post-Fed playbook was fairly straightforward as traders bought up risky assets after Fed Chair Powell’s dovish tone.

02-02-2023 15:30 GMT by Edward Moya

Stocks rally as ECI softens and confidence weakens, Mixed earnings (Exxon, UPS, GM, McDonalds), a great January for Cryptos

US stocks are rallying after some standout earnings and economic data that suggests disinflation trends should remain in place for a while. Wall Street is slowly growing confident that this week's Fed rate hike might end up being the last one in this tightening cycle. US Data The quarterly employment cost index provided optimism that wage pressures are cooling. The fourth quarter ECI report printed at 1.0%, a decline from the 1.2% prior and lower than the 1.1% consensus estimate.

31-01-2023 13:45 GMT by Edward Moya

Stocks: all news & analysis