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Tokyo CPI expected to rise Inflation has been on the rise in Japan and the trend is expected to continue with the release of Tokyo CPI later today. The headline figure is expected to rise to 4.4% in December, up from 4.0% in November, while the core rate is forecast to climb to 4.2%, up from 4.0%.

26-01-2023 06:16 GMT by Kenneth Fisher

Bye-bye-bye soft landing, tech woes drag stocks down, BOC ready to pause hikes, bitcoin lower on risky asset selloff

US stocks are declining after a couple of major tech warnings are making traders nervous about a macro slowdown. Stock bulls may hate but it ain’t no lie, it is time to say Bye Bye Bye to a soft landing. Tech earnings from Microsoft to Texas Instruments clearly painted a picture of a macro slowdown.

25-01-2023 12:50 GMT by Edward Moya

Crude higher, gold consolidates

Oil Crude prices are rising after the stockpiles posted a modest gain and a decent improvement with demand. The EIA crude oil inventory report showed that demand for crude oil and gasoline improved, while distillates softened.

25-01-2023 12:47 GMT by Edward Moya

AUD/USD rises as inflation jumps

The Australian dollar has extended its rally with solid gains on Wednesday. In the North American session, AUD/USD is trading at 0.7080, up 0.51%. Australian inflation jumps to 8.4% RBA policy makers are no doubt having a bad day at the office, as Australia's inflation climbed sharply in the fourth quarter.

25-01-2023 12:37 GMT by Kenneth Fisher

Earnings dampening the mood

Equity markets are back in the red on Wednesday, as investors appear to prepare themselves for a disappointing earnings season for big tech. The last few weeks may turn out to perfectly encapsulate how the year will be as a whole, fluctuating significantly and suddenly between optimism and pessimism as the data and headlines dictate. We appear to have entered the latter phase now after starting the year in a very buoyant mood, with earnings painting a more realistic picture of the outlook for th

25-01-2023 10:35 GMT by Craig Erlam

Canadian dollar drifting ahead of BoC

The Canadian dollar is almost unchanged on Wednesday, trading at 1.3373 in the European session. BoC expected to hike by 25 bp The Bank of Canada is expected to raise rates by 25 basis points at today's meeting, the first of the year, which would bring the cash rate to 4.50%. The BoC has been aggressive, raising rates by some 400 basis points in the current rate-tightening cycle which began in March 2022.

25-01-2023 08:41 GMT by Kenneth Fisher

NZ dollar dips after CPI unchanged

The New Zealand dollar is under pressure on Wednesday. In the European session, NZD/USD is trading at 0.6478, down 0.41%. Markets eye New Zealand CPI The New Zealand dollar reacted negatively to today's CPI release, falling as much as 0.60% before paring these losses.

25-01-2023 04:57 GMT by Kenneth Fisher

Mid-Market Update: Stocks waver, US PMIs improve but cost pressures return, Unnecessary NYSE chaos, 3M’s warning, Oil drops, Gold hovers near highs, Bitcoin softens

US stocks edged lower after a mixed bag of economic data still keeps the inflation risk on the table. Earnings season is about to heat up soon and if Microsoft and Texas Instruments are too cautious with the outlook, that might kill risk appetite.

24-01-2023 13:29 GMT by Edward Moya

New Zealand dollar edges up ahead of CPI

The New Zealand dollar has edged higher on Tuesday and is trading just above the 0.65 line. NZD//USD is coming off a strong week, as it gained 1.39% and climbed to 7-month highs. Markets eye New Zealand CPI New Zealand releases CPI for the fourth-quarter later today, in what promises to be a closely watched release.

24-01-2023 13:04 GMT by Kenneth Fisher

Choppy trading

Equity markets are largely moving lower on Tuesday, reversing part of Monday's gains in what remains quite choppy trade. Earnings season will continue to dominate and so far, there isn't really anything positive to take away from it. There are still a lot of huge names to report, of course, but so far it basically underlines everything investors already think about the economy at the moment. The environment is currently very challenging and uncertain, while the labour market is overly tight unde

24-01-2023 09:33 GMT by Craig Erlam

GBP/USD slips on record debt, soft PMIs

The British pound has posted slight gains on Tuesday. In the European session, GBP/USD is trading at 1.2302, down 0.60%. UK debt hits record UK debt costs soared in December, sending the budget deficit to a record 27.4 billion pounds.

24-01-2023 05:21 GMT by Kenneth Fisher

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

British pound dips, PMIs next

The British pound has started the new trading week in negative territory, but has manged to pare most of the losses. In the North American session, GBP/USD is trading at 1.2369, down 0.23%. Markets eye UK PMIs It's a quiet start to the week, with no UK releases and only one minor US event on Monday.

23-01-2023 11:30 GMT by Kenneth Fisher

Euro hits 9-month high but pares gains

The euro has started the week with gains. EUR/USD briefly punched above the 1.09 line earlier today, for the first time since April but has pared these gains. Tough ECB talk boosts euro The ECB meets next on February 2nd and is widely expected to raise rates by 50 basis points.

23-01-2023 09:19 GMT by Kenneth Fisher

A big week of earnings

Not the most eventful start to the week but that's unlikely to last with earnings being a particular focus in the coming days. This is likely to be one of the busier earnings weeks with some major names scheduled to report. It hasn't been a great start and disappointing results last week, particularly in financials, took the wind out of the sails of the new year rally.

23-01-2023 08:13 GMT by Craig Erlam

Japanese falls below 130, BOJ Core CPI next

The Japanese yen has edged lower on Monday. In the European session, USD/JPY is trading at 130.15, up 0.45%.

23-01-2023 06:28 GMT by Kenneth Fisher

USD/JPY - Yen volatile as BoJ stands firm

OANDA Senior Market Analyst Craig Erlam discusses the latest moves in USDJPY after the BoJ refused to abandon its yield curve control tool and as US data disappointed.

20-01-2023 18:57 GMT by Craig Erlam

Market Insights Podcast (Episode 422)

OANDA Senior Market Analyst Ed Moya reviews the latest market news with Jonny Hart. They discussed Netflix earnings, Google's layoff announcement, oil markets, crypto news, and the week ahead.

20-01-2023 13:30 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

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