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Euro gains ground, German CPI inches upwards

The euro has posted strong gains on Thursday. EUR/USD is trading at 1.0749, up 0.57%. German CPI ticks higher German inflation came in at 8.7% y/y in January, up from 8.6% in December.

09-02-2023 06:14 GMT by Kenneth Fisher

Japanese yen steady after sharp gains

The Japanese yen has edged lower on Wednesday, after gaining over 1% a day earlier. USD/JPY is trading at 131.25 in the North American session, up 0.15%. Williams delivers Fed pushback The equity markets were bracing for a strong pushback from Jerome Powell, as they have consistently underestimated the Fed's hawkish message.

08-02-2023 13:33 GMT by Kenneth Fisher

Stocks lower after Williams does Powell’s pushback job, SOTU, Uber Earnings, , Crypto drops

US stocks declined after Fed member Williams did the pushback that everyone was expecting Fed Chair Powell to do. Williams quickly sank risk appetite after he reminded Wall Street that if financial conditions loosen, higher rates may be needed.

08-02-2023 12:35 GMT by Edward Moya

Oil pares gains, gold softens

Oil Crude prices are higher on optimism the global economic outlook won’t get crushed from over-tightening by central banks. The oil market will likely remain balanced over the short-term, but the risks are clearly to the upside.

08-02-2023 12:29 GMT by Edward Moya

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

GBP/USD punches past 1.21, Bailey up next

The British pound is in positive territory on Wednesday. In the European session, GBP/USD is trading at 1.2107, up 0.47%.

08-02-2023 07:46 GMT by Kenneth Fisher

Oil heads higher, gold gets relief from Powell

China to drive stronger demand China may well be the outlier in all of this as there has been no need for excessive monetary tightening and rather, the slowdown in growth is almost certainly behind it. In fact, the transition from zero-Covid to living with it is reportedly going very smoothly which could boost the economy earlier and by more than expected, leading to higher growth forecasts for 2023. While that could support the global economy through a difficult period, it may also worsen the i

08-02-2023 03:54 GMT by Craig Erlam

Mild relief

European equity markets are expected to open a little higher on Wednesday following a positive shift on Wall Street on Tuesday, while Asia overnight was a very mixed bag. Investors appear a little relieved at Fed Chair Jerome Powell sticking to last week's script despite Friday's jobs report indicating that the labour market remains red hot. It would appear traders had become a little more defensive on the expectation of a hawkish shift but Powell refrained from taking the leap. And credit to hi

08-02-2023 03:51 GMT by Craig Erlam

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

A little lost

Equity markets are treading water on Tuesday, as investors take a pause following quite an eventful week. Investors seem a little lost this week, disheartened by the jobs report in particular but also poor tech earnings and a still-hawkish Federal Reserve. The central bank may have softened its tone a little but once you take the economic data into consideration, the case for a couple more 25-basis point hikes is clearly there. That's come as quite a setback following what has been a much more o

07-02-2023 07:37 GMT by Craig Erlam

Oil remains rangebound, gold finds support

Still rangebound Oil prices are bouncing back again today, continuing their better start to the week. The apparent success of China's transition from zero-Covid to living with it owes a lot to the rebound we're seeing as a strong recovery will naturally drive much higher demand and competition. That said, markets have been basically range-bound since early December - albeit in a wide range - and the latest recovery simply takes the price back into the middle of that range.

07-02-2023 07:34 GMT by Craig Erlam

EUR/USD dips to 1-month low

The euro has fallen for three straight sessions and has extended its losses on Tuesday. Earlier in the day, EUR/USD fell below the 1.07 line for the first time since Jan.

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

Aussie jumps after RBA hike

The Australian dollar has posted strong gains on Tuesday. In the European session, AUD/USD is trading at 0.6934, up 0.75%. RBA expected to raise rates There were no surprises from the RBA, which raised rates by 25 basis points, for a record ninth straight hike.

07-02-2023 05:46 GMT by Kenneth Fisher

Market Insights Podcast (Episode 428)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discuss the nervy start to the week, the RBA rate hike, oil, and the day ahead.

07-02-2023 05:00 GMT by Craig Erlam

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

Oil edges higher, gold struggling

Edging higher Oil prices are a little higher at the start of the week with a few factors potentially behind the move. Turkey's decision to temporarily halt flows to the Ceyhan terminal may have lifted prices a little given the uncertainty around the situation, although, with reports of no damage to pipelines, the impact should be marginal.

06-02-2023 11:14 GMT by Craig Erlam

Digesting the data

Equity markets are off to a difficult start on Monday, no doubt weighed down by the prospect of more rate hikes and tensions between the world's two largest economies. While there were some promising aspects of the jobs report - cooling wage growth and higher participation - it's impossible to ignore the fact that the labour market remains red hot. Of course, no one will be surprised if we see huge revisions next month - we've seen some substantial ones recently after all - but for now, it's har

06-02-2023 11:09 GMT by Craig Erlam

EUR/USD extends losses

The euro continues to lose ground and has started the week in negative territory. In the European session, EUR/USD is trading at 1.0783, down 0.19%.

06-02-2023 08:02 GMT by Kenneth Fisher

Australian dollar takes an NFP tumble

After a miserable end to the week, the Aussie is steady on Monday and is trading at 0.6912. The January US nonfarm payrolls was a blowout that shocked the markets. The economy created a stunning 517,000 new jobs, crushing the estimate of 185,000 and well above the previous read of 260,000.

06-02-2023 04:31 GMT by Kenneth Fisher

Market Insights Podcast (Episode 427)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discuss the jobs report, earnings from Apple, Amazon and Alphabet, and interest rate decisions from the ECB and BoE.

03-02-2023 17:12 GMT by Craig Erlam

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