Stocks: All News & Analysis

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

US Close: Stocks lower as yields pop, Strong earnings from both Netflix and Procter & Gamble, Oil rebounds, Gold beating continues, Bitcoin holds $19k

US stocks are weakening as the bond market selloff is picking up again after further signs the Fed is going to remain hawkish. The Fed’s Kashkari said he doesn’t see them stopping raising rate at 4.50-4.75% if they are not making progress with core CPI. He also noted that he sees little evidence the labor market is softening and that they don’t see any evidence that core inflation has peaked. Markets expect the Fed to deliver another 75 basis point increase in November and the odds are rising

19-10-2022 14:06 GMT by Edward Moya

Week Ahead - Earnings season heats up

US After a hot inflation report, the focus shifts to how policymakers will change their tune on how aggressive the Fed should now be. On Tuesday, we will hear from the Fed’s Bostic and Kashkari.

14-10-2022 12:28 GMT by Craig Erlam

US close – stocks slump on Fed hawks and hot economic data, Apple and Meta hit hard, dollar softens into quarter-end, oil falls, gold pared losses, bitcoin holds onto $19k

US stocks are weakening once again after hot inflation readings and another round of hawkish Fed speak. Risky assets don’t stand a chance of a meaningful rally if the economy continues to show resilience while inflation continues to be significantly above the Fed’s Funds rate. Fed’s Mester signaled that a recession won’t prevent the Fed from tightening policy further and Bullard reiterated their determination to get rates to a level that can cool inflation. Big-Tech Woes

29-09-2022 16:26 GMT by Edward Moya

Stocks rally as BOE intervenes, promising news from Biogen, bitcoin

US stocks are rallying after the BOE’s intervention tentatively halted the bond market selloff. The theme on Wall Street is rising risks for a hard landing next year, while we are hearing a steady chorus of Fed speak that mostly confirmed the market’s expectation that rates will rise to 4.25%-4.50% by the end of the year. Some traders are growing confident that we are close to seeing the end of the Fed's tightening cycle, but that is still too early to say. BOE The UK economy was hit with Br

28-09-2022 12:55 GMT by Edward Moya

A historic day in FX (BOJ, BOE, SNB, SARB, BCB), global tightening sends stocks lower, bitcoin surprisingly steady

Global equities are struggling as the world anticipates surging rates will trigger a much sooner and possibly severe global recession. The Fed has succeeded in convincing markets that they will remain aggressive with fighting inflation and that has many expecting another 75bp rate increase in November. The aftermath following the Fed was a wave of aggressive tightening by several other central banks. Most of these rate hikes around the world are not done yet which means the race to restricti

22-09-2022 13:59 GMT by Edward Moya

Back to school, ECB signals more hikes to come, Powell sticks to hawkish script, Bitcoin hovers around $19k

Parents are rejoicing back to school time and Wall Street is embracing the consistency in the Fed’s messaging that they will keep at it until the job is done with inflation. Stocks are rising after Fed Chair Powell stuck to his hawkish script and affirmed the commitment to tighten policy until inflation is back towards its target.

08-09-2022 12:48 GMT by Edward Moya

ECB just getting started

A mixed session in Asia overnight after Wall Street rebounded on Wednesday, while Europe is poised to open a little higher as well. It's been a frankly awful few weeks for stock markets so yesterday's gains will come as a mild relief, albeit one I don't think anyone is getting particularly excited about. Given the economic backdrop, this could be nothing more than a dead cat bounce.

08-09-2022 04:51 GMT by Craig Erlam

Stocks drop ahead of Minutes, Retail Sales moderates, Target's optimism for H2, Musk's Manu tweets

US stocks are softening ahead of the Fed’s Minutes as profit taking overtakes another round of upbeat corporate outlooks. Solid outlooks from Target and Lowes did not tell Wall Street anything new, which has returned the focus solely on the Fed’s tightening path.

17-08-2022 12:41 GMT by Edward Moya

US Close - Stock rally faded, Nvidia's warning, Oil rebounds, Gold above $1800, and Bitcoin eyes breakout

With persistent inflation and a strong labor market, the Fed is on a clear path to raise rates. This week is all about inflation and many traders are expecting to see the inflation to decelerate.

08-08-2022 16:23 GMT by Edward Moya

Stocks trade mix, BOE fearful of long recession, continuing claims rise, bitcoin stuck

Stocks continue to ignore the deepest yield curve inversion since the early 2000s. The S&P 500 index has rebounded over 13% from the June lows as many on Wall Street anticipate that the Fed will stop quantitative tightening next year and begin cutting interest rates. If the next couple of inflation and nonfarm payroll reports support the Fed pivot argument, we might stop hearing these bear market calls. Equities might struggle to keep the rally going as investors continue to see economic

04-08-2022 11:06 GMT by Edward Moya

Stocks chop, ECB abandons negative rates, bitcoin says, “Et tu, Musk?”

Wall Street is struggling to find reasons to be optimistic as investors digest a wrath of mixed corporate earnings, Russia resumes Nord Stream 1 gas flows, and the ECB acts aggressively with its first rate hike in 11 years. The earnings standout was Tesla, which posted strong earnings and kept its production forecast.

21-07-2022 11:22 GMT by Edward Moya

Netflix earnings spark a rally, Housing Market Cools, Bitcoin higher

No one expected Netflix to trigger a decent risk-on rally for the other mega-cap tech stocks, but that is exactly what is happening. Stocks are rising as Wall Street grows confident that corporate earnings might not fall off a cliff. Pessimism won’t be completely going away as two major risk events are in the next 24 hours; the ECB rate hiking decision and the Russian decision on how much gas to let flow through the Nord Stream 1 pipeline. Italian politics are dampening the mood too, as the go

20-07-2022 14:27 GMT by Edward Moya

Stocks: all news & analysis