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The Australian dollar remains under pressure and has edged lower on Tuesday. AUD/USD dropped below the 0.67 line on Monday for the first time since Jan.

28-02-2023 05:27 GMT by Kenneth Fisher

Awaiting more data

It hasn't been the most thrilling start to the week but that didn't stop investors from piling back into stocks on Monday in the hope that January data proves to be an anomaly. That enthusiasm didn't flow through to Asia overnight where indices are a mix of tiny losses and gains, and Europe looks poised to open in a similar fashion. In reality, the bumper start yesterday was simply a process of unwinding the losses from late last week which further suggests investors are in no mood to be discour

28-02-2023 04:13 GMT by Craig Erlam

Oil in choppy waters, gold under pressure

Choppy trade ahead? Oil prices remain very choppy with gains today largely offsetting losses at the start of the week. We may have to wait for more hard-hitting economic data next week before we see the upper or lower ranges tested as the uncertainty appears to be preventing a serious move in either direction. Should the January data prove to be a blip, it could put pressure on the upper end of the range as longer-term economic prospects improve, while another month of hot data could necessitate

28-02-2023 03:54 GMT by Craig Erlam

Market Insights Podcast (Episode 437)

Craig Erlam joins Jonny Hart to discuss the start to trading this week, the bond market sell-off and the week ahead.

27-02-2023 12:40 GMT by Craig Erlam

Yen stabilizes on dovish Ueda

The Japanese yen has started the week quietly after sustaining sharp losses on Friday. In the North American session, USD/JPY is trading at 136.26, down 0.17%. Ueda supports BOJ stimulus Bank of Japan Governor nominee Kazuo Ueda appeared before a second parliamentary committee on Monday and again indicated his support for the central bank's monetary policy.

27-02-2023 12:09 GMT by Kenneth Fisher

Bouncing back

Equity markets ended last week on a negative note but they're bouncing back once more in trade on Monday. Interest rate fears are front and centre, following a terrible month of data from the US in January, as far as the Fed is concerned at least. That was further compounded on Friday by the PCE, income, and spending data which didn't come as a major surprise given what preceded it but it didn't offer any relief either. Thankfully, January is likely to be an anomaly month driven by unseasonably

27-02-2023 11:20 GMT by Craig Erlam

GBP/USD jumps on N. Ireland hopes

The British pound has posted sharp gains on Monday, after falling below the symbolic 1.20 level on Friday. In the European session, GBP/USD is trading at 1.2026, up 0.72%. In the UK, the economic calendar is unusually quiet this week, with no tier-1 releases.

27-02-2023 09:49 GMT by Kenneth Fisher

New Zealand dollar falls to 3-mth low

The New Zealand dollar has extended its losses on Monday, after a dismal end to the week. In the European session, NZD/USD is trading at 0.6151, down 0.20%.

27-02-2023 06:04 GMT by Kenneth Fisher

Market Insights Podcast (Episode 436)

OANDA Senior Market Analyst Ed Moya reviews the latest market news with Jonny Hart. They discussed the market reaction after the Fed's preferred inflation index accelerated, incoming BOJ Governor Ueda's testimony, cryptos, Coinbase earnings and the week ahead.

24-02-2023 15:17 GMT by Edward Moya

Week Ahead - Inflation issues sinking in

Disinflation trends are struggling and now Wall Street will look to see if improving manufacturing and service activity will further fuel pricing pressures. On Monday, durable goods data for January is expected to show higher borrowing costs are hurting manufacturers.

24-02-2023 12:20 GMT by Craig Erlam

WTI Crude - Consolidates amid growth uncertainty

OANDA Senior Market Analyst Craig Erlam discusses the consolidation in crude oil and what is driving it.

24-02-2023 12:10 GMT by Craig Erlam

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

Reality kicking in

It's been a strange week in financial markets, one in which we've learned relatively little but reality appears to be slowly catching up on some. I say that as someone that doesn't think things will be as bad as they currently seem on interest rates and the economy but equally is of the belief that markets should at least reflect the risk of it being so. We are seeing that in some corners of the market but equity markets - and cryptos for that matter - have been reluctant to be discouraged. They

24-02-2023 08:48 GMT by Craig Erlam

Euro steady after mixed German data

The euro is down slightly on Friday. EUR/USD has been slowly moving lower and is down 1.1% this week. German GDP misses estimate The German economy, the biggest in the eurozone, underperformed in the fourth quarter of 2022.

24-02-2023 07:21 GMT by Kenneth Fisher

Yen edges lower after BoJ's Ueda testimony

The Japanese yen is slightly weaker on Friday. In the European session, USD/JPY is trading just above the 135 line. Ueda pledges to continue easy policy Incoming Bank of Japan Governor Kazuo Ueda appeared at a parliamentary hearing on Friday and the markets were all ears.

24-02-2023 05:05 GMT by Kenneth Fisher

Yen unfazed after incoming Governor Ueda reiterates that the BOJ's current policy is appropriate.

Central bank watchers knew it would be a surprise if BOJ governor nominee Kazuo Ueda gave any substantial hints about how he will consider policy normalization. Ueda reiterated that the BOJ’s current policy is appropriate. He noted that "Japan's trend inflation is likely to rise gradually.

23-02-2023 23:03 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

Japanese yen steady ahead of CPI report

Thursday is a bank holiday in Japan and not surprisingly, the yen is almost unchanged as it trades close to the 135 line. Japan's CPI expected to rise Japan's inflation levels are much lower than in the US, but the Bank of Japan is concerned as inflation continues to rise. We'll get a look at National Core CPI, a key inflation indicator on Friday.

23-02-2023 12:23 GMT by Kenneth Fisher

AUD/USD rises on strong capital spending

The Australian dollar has rebounded on Thursday, after a 2-day slide in which AUD/USD lost 100 points. In European trade, AUD/USD is trading at 0.6830, up 0.37%.

23-02-2023 07:59 GMT by Kenneth Fisher

NZ dollar steady after RBNZ, FOMC minutes

The New Zealand dollar remains in calm waters, with little reaction to the Reserve Bank of New Zealand's rate hike or the FOMC minutes. The RBNZ raised rates by a half-point on Wednesday, as the central bank remains aggressive in its battle to curb inflation. The move was in line with expectations and the New Zealand dollar moved higher but quickly pared those gains.

23-02-2023 06:37 GMT by Kenneth Fisher

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