Stocks: All News & Analysis

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

Week Ahead - All eyes on the Fed, ECB, BOE and NFP report

US Traders will focus on the FOMC decision, but they should also closely watch mega-cap tech earnings, and the nonfarm payroll report. The Fed is expected to continue slowing their rate hiking pace with a small 25 basis point rate rise. Disinflation trends are clearly here, but Core PCE suggest price pressures are coming and the labor market refuses to break and could prompt the Fed to remain vigilant with its inflation fight.

27-01-2023 14:00 GMT by Edward Moya

Mid-Market Update: Stocks edge higher, Core PCE, Intel's woes, Oil dips below $80, Gold hovers, Bitcoin wavers at $23K

US stocks are slightly higher as investors digest mixed earnings and hold onto hopes that the Fed will not overtighten. Stocks have gone from oversold to elevated levels as recession risks fade and investors doubt the Fed will follow through with their dot plot forecast.

27-01-2023 12:54 GMT by Edward Moya

The end of global tightening, Tesla, Chevron, airlines, bitcoin softens

US stocks rallied after recession risks eased following better-than-expected GDP data. So today’s data was good news that was able to send stocks a little bit higher, but not all the way as rate cut bets were pared back.

26-01-2023 12:09 GMT by Edward Moya

US Close - Stocks stay hot, Dollar wavers, Oil steady, Gold rally hits a wall, Crypto momentum

US stocks are rallying as Wall Street awaits a busy earnings week as well as major GDP and core PCE data later this week that should confirm Fed calls for another downshift in tightening of rates. Corporate earnings have been coming in softer than expected and that should continue to drive recession trends, which are what is needed to get the Fed to stop tightening. Salesforce is gaining much attention after activist Elliot Management took a multibillion-dollar stake in it. Spotify also announ

23-01-2023 15:26 GMT by Edward Moya

Stocks rally as Google job cuts support disinflation trends, Fed speak, Oil’s good week, Gold hovers near 9-month highs, Bitcoin above $21k

US stocks are rallying as tech stages a comeback following Google parent Alphabet’s announcement that they will cut its global workforce by more than 6%. The reduction of 12,000 jobs globally for Google confirms a clear trend of mega-cap cost-cutting measures. First it was Amazon and Microsoft with major job cut announcements and now it is Google. We should see this theme spread across other sectors throughout the year and that should help keep disinflation trends intact.

20-01-2023 12:09 GMT by Edward Moya

Week Ahead - Earnings season a highlight

US It will be a busy week filled with the first look at Q4 GDP, corporate earnings, and US debt ceiling gridlock. There is a lot of risk on the table and a key focal point for many will be the modest growth we will see alongside a plethora of data points that are signalling recession warnings.

20-01-2023 12:01 GMT by Craig Erlam

Mid-Market Update: Stocks drop on tightening and growth fears, Fed speak, Treasury uses special measures, US Data, Oil higher, Gold shines, Bitcoin finds support ahead of $20k

US stocks are declining after another labor market statistic shows that despite all the big-tech post-pandemic layoffs, the jobs market remains hot. The labor market needs to break to allow the Fed to comfortably keep rates on hold.

19-01-2023 11:09 GMT by Edward Moya

US Close: A busy Tuesday (China’s GDP, Goldman, Morgan Stanley, Empire, ECB), Commodities mixed, Cryptos soften

US stocks are wavered as traders digest mixed bank earnings, a disheartening Empire manufacturing report, and as Treasuries rally at the front-end of the curve. The Dow’s decline is mostly thanks to Goldman Sachs massive earnings miss. China’s GDP The good outweighs the bad with the outlook for China’s economic future. China’s latest swathe of economic data points provide significant optimism that their reopening momentum could impress throughout the year.

17-01-2023 14:02 GMT by Edward Moya

Market Insights Podcast (Episode 419)

OANDA Senior Market Analyst Ed Moya reviews the latest market news with Jonny Hart. They discussed inflation drivers, bank earnings, oil markets, Bitcoin's breakout, and the week ahead.

13-01-2023 15:00 GMT by Edward Moya

Week Ahead - Earnings season underway

It will be a busy week filled with a wide range of economic indicators, lots of Fed speak, and earnings season heats up. Wall Street will now not just fixate on inflation data, but also on how quickly the economy softens. Traders will pay close attention to the Empire manufacturing index, retail sales, PPI, industrial production, NAHB housing market index, weekly jobless claims, and existing home sales data.

13-01-2023 11:51 GMT by Craig Erlam

Calm before inflation storm, air travel got grounded, is WWE the next meme stock? Crypto softens

US stocks are drifting higher as optimism remains intact that a pivotal inflation report will continue to show disinflation trends remain in place. Right now might be the calm before the inflation storm as we are not seeing major positioning ahead of this CPI report.

11-01-2023 14:54 GMT by Edward Moya

Stocks decline post hot labor data, Amazon layoffs, ADP/Claims/Challenger impress, bitcoin flat

US stocks are declining after Wall Street digested hawkish Fed minutes, robust labor data, and another round of Fed speak that suggests they will hold rates at higher levels. This latest round of data confirms the Fed's messaging that more rate hikes are coming.

05-01-2023 15:33 GMT by Edward Moya

Stocks higher on mixed US data, ISM contracts again, JOLTS impress, Salesforce layoffs, Aussie rises,, bitcoin higher but still in range

US stocks edged higher as investors grew confident that the Fed is nearing the end of its tightening cycle as the manufacturing sector is clearly in a recession, while the labor market refuses to break. This stock market rally however might be short-lived as the ISM report and JOLTS data painted a picture of a resilient labor market that should force the Fed into taking rates even higher into restrictive territory.

04-01-2023 13:46 GMT by Edward Moya

Tightening Thursday (ECB & friends), US data/surveys, labor market refuses to break, oil slumps, gold lower on strong dollar, bitcoin follows broader market

US stocks didn’t stand a chance today after digesting a hawkish FOMC decision and a round of data/surveys that support the argument that the economy is recession bound. The labor market might not be breaking but it is becoming clear the consumer is weakening and manufacturing activity is in a recession. US retail sales posted the largest drop in nearly a year.

15-12-2022 12:41 GMT by Edward Moya

Super Thursday! Massive earnings day, US GDP, ECB raises rates, FX, crypto momentum stalls

US stocks are struggling for direction after a mixed bag of earnings was accompanied by economic data that supports the idea that the economy is weakening. It looks like the economy is still headed for a recession, but that might reinforce Fed pivot calls which still seems to be driving some inflows back into equities.

27-10-2022 12:28 GMT by Edward Moya

Stocks rally as yields fall, softening US data, cryptos impress

US stocks got a boost from another round of decent earnings and as softening economic data that supports the argument for the Fed to downshift its tightening pace after next week's policy meeting. Earnings from UPS, General Motors and General Electric did not unravel the optimistic outlook corporate America has been providing this earnings season.

25-10-2022 14:35 GMT by Edward Moya

Stocks: all news & analysis