OANDA Senior Market Analyst Craig Erlam joins Jonny Hart to discuss UK inflation, the Bank of England, and Binance.
29-03-2023 05:46 GMT
by Craig Erlam
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The Australian dollar is trading at 0.6670 in Europe, down 0.57%. Australian inflation was lower than expected, raising speculation that the Reserve Bank of Australia might pause at its April meeting.
RBA keeping eye on retail sales and inflation ahead of rate meeting
Australia's inflation rate for February eased to 6.7% y/y, down from 7.4% prior and the 7.2% estimate.
29-03-2023 05:02 GMT
by Kenneth Fisher
The British pound is up for a second straight day. In the North American session, GBP/USD is trading at 123.37, up 0.40%.
28-03-2023 12:50 GMT
by Kenneth Fisher
Equity markets are edging higher again today, a sign of gradually improving confidence following a relatively drama-free weekend.
As we saw on Friday though, anxiety remains high and things quickly spiral in those circumstances so investors are likely to remain vigilant. The dust is still settling but every passing day rebuilds confidence and allows investors to feel a little bit more relaxed.
28-03-2023 07:58 GMT
by Craig Erlam
A cautious recovery
Oil prices are continuing to recover after popping higher at the start of the week. There's been a broad improvement in risk appetite at the start of the week thanks to a weekend without drama in the banks.
28-03-2023 07:54 GMT
by Craig Erlam
The Australian dollar is trading at 0.6672 in Europe, up 0.39%. Australian retail sales posted a weak gain of 0.2% and the quarterly CPI release is next.
28-03-2023 06:42 GMT
by Kenneth Fisher
The Japanese yen is in positive territory and broke below the 131 line in the Asian session. USD/JPY is trading at 131.17, in Europe, down 0.30% on the day.
BoJ inflation indicator eases
BoJ Core CPI, the preferred inflation gauge of the central bank, dropped to 2.7% in February, down from 3.1% in January and below the estimate of 3.5%.
28-03-2023 04:32 GMT
by Kenneth Fisher
It's been a relatively calm start to the week, with investors seemingly relieved that the weekend brought no fresh turmoil in the banking sector.
Deutsche Bank under pressure
That was clearly the fear going into it on Friday, with Deutsche Bank being hit particularly hard amid concerns it could be next in the firing line even if the fundamentals didn't necessarily back that up.
Anxiety is going to remain until we have a few weeks of calm and despite the small frenzy on Friday, I think we can say
27-03-2023 09:25 GMT
by Craig Erlam
Oil has rebounded slightly, but gold has slipped as we are seeing an improvement in risk appetite on Monday.
Oil recovers as the dust continues to settle
Oil prices are rebounding a little on Monday, up a little more than 1% in line with the broader risk rally. It's been a volatile few weeks for crude, caught up in the banking storm as investors are forced to scale back their expectations for the economy which, in turn, has weighed heavily on demand prospects.
But with sentiment slowly improving
27-03-2023 09:19 GMT
by Craig Erlam
The Australian dollar is slightly lower on Monday, trading at 0.6635 in Europe. AUD/USD is coming off a disappointing week, with losses of close to 1%, as risk aversion remains high.
27-03-2023 09:09 GMT
by Kenneth Fisher
The British pound is trading quietly on Monday. In the European session, GBP/USD is trading at 122.49, up 0.15%.
27-03-2023 05:27 GMT
by Kenneth Fisher
Oil dragged down on bank woes
Crude prices are lower as banking worries persist and after Energy Secretary Granholm said refilling the SPR could take years. Banking turmoil will clearly have a negative impact on the economy, possibly crushing small businesses as lending becomes more difficult.
24-03-2023 15:38 GMT
by Edward Moya
Investors try to shrug off banking drama
Wall Street was initially dragged down as banking worries persisted after Deutsche Bank’s costs against default skyrocketed. Deutsche Bank’s 5-year CDS surged from around 150 bps early on Thursday to a four-year high around 210 bps before settling closer to 193 bps. Other European banks, Societe Generale, Credit Agricole and BNP Paribas declined on banking turmoil fears.
24-03-2023 15:32 GMT
by Edward Moya
The Japanese yen broke below the symbolic 130 line earlier in the day, for the first time since February 3rd. In the North American session, USD/JPY is trading at 130.17, down 0.55% on the day.
24-03-2023 09:11 GMT
by Kenneth Fisher
The British pound is down considerably on Friday after mostly soft numbers out of the UK. In the European session, GBP/USD is trading at 122.13, down 0.60%.
PMIs down, retail sales jump
UK releases are a mixed bag on Friday.
24-03-2023 07:24 GMT
by Kenneth Fisher
After an impressive rally, the euro is falling for a second straight day. In the European session, EUR/USD is trading at 1.0739, down 0.86%.
German manufacturing falls, services rise
German PMIs were a mix in March.
24-03-2023 05:47 GMT
by Kenneth Fisher
OANDA Senior Market Analyst Craig Erlam discusses GPBUSD in light of the latest interest rate decisions from the Fed and BoE.
23-03-2023 16:10 GMT
by Craig Erlam
OANDA Senior Market Analyst Craig Erlam joins Jonny Hart to discuss the day's big stories including interest rate decisions from the Fed, BoE, SNB and CBRT.
23-03-2023 16:01 GMT
by Craig Erlam
The Swiss franc continues to rally and is trading in North America at 0.9139, down 0.37%. USD/CHF has fallen some 200 points in just one week.
SNB goes for oversize hike
The Swiss National Bank raised rates by 50 basis points today, bringing the cash rate to 1.50%.
23-03-2023 11:15 GMT
by Kenneth Fisher
US stocks are rising as Wall Street digests what might be the Fed’s last rate hike and Secretary Yellen’s comment on blanket deposit insurance. The post-Fed selloff came from Yellen’s comment that they haven’t looked at backing all bank deposits with FDIC insurance. This was bad news for the banks and contagion fears. Yellen’s comment at a Senate panel hearing should be taken with a grain of salt given a decision to back all deposits would need congressional support. Optimism should remain th
23-03-2023 10:36 GMT
by Edward Moya