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Oil boosted by China data, gold pares gains
Buoyed by China data Oil prices are a little higher today after paring gains at the start of the week to remain near the highs of the last month, or so. Brent crude has mostly traded between $76 and $86 since early December but the mood appears to have become a little bit more bullish thanks to some promising economic data. The prospect of a soft landing in the US and a shallower economic hit in China from the Covid transition, not to mention a strong rebound, has driven the latest rebound in cr
17-01-2023 07:47 GMT by Craig Erlam
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EUR/USD drifting, eurozone inflation next
The euro continues to drift this week and is trading close to the 1.0820 line. This follows last week's sharp gains of 1.8%. German inflation falls - will eurozone follow suit? German Final CPI came in at -0.8% m/m in December, matching the forecast and unchanged from November.
17-01-2023 07:36 GMT by Kenneth Fisher
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USD/JPY - Calm before the storm?
The Japanese yen is in calm waters on Tuesday, as the Bank of Japan's two-day meeting starts today. In the European session, USD/JPY is trading at 128.76, up 0.18%. Markets eye BOJ meeting The markets are keeping a close eye on the BOJ meeting.
17-01-2023 05:13 GMT by Kenneth Fisher
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Market Insights Podcast (Episode 420)
OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discuss the speculation around the Bank of Japan's yield curve control, Davos, and cryptos.
17-01-2023 02:36 GMT by Craig Erlam
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USD/JPY ends nasty slide
USD/JPY is in positive territory on Monday. In the North American session, USD/JPY is trading at 128.50, up 0.52%. The yen had an excellent week, climbing over 3% and trading at levels not seen since May 2022. Will BoJ deliver more policy moves at meeting? The Bank of Japan holds a two-day policy meeting on Tuesday and Wednesday in what could be one of the highlights of the week.
16-01-2023 09:11 GMT by Kenneth Fisher
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Eyeing Davos and earnings
A relatively muted start to the week amid lighter expected trade due to the US bank holiday, with Europe and much of Asia posting small gains. It's been quite a frantic start to the year so investors may be capitalizing on the opportunity to catch their breath. They won't have long given the flurry of central bank speak as policymakers gather in Davos this week and as earnings season heats up in the US. There's certainly an increasing sense of optimism about 2023 as we make our way through the o
16-01-2023 09:10 GMT by Craig Erlam
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Oil boosted by optimism, gold has momentum
Oil buoyed by economic optimism Oil prices are marginally lower today but have recovered the bulk of their earlier losses. They've been on a good run since getting the year off to a bad start in the opening couple of sessions.
16-01-2023 09:07 GMT by Craig Erlam
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Market Insights Podcast (Episode 419)
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
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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
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Mid-Market Update: A busy earnings start, Sentiment Rebounds, Tesla woes remain, Oil’s good week, Gold shines, Crypto breakout?
US stocks were initially softer after the banks delivered a disappointing start to earnings season along with a downbeat outlook for the economy.  Stocks are heading lower as Wall Street anticipates earnings will decline significantly and margins will be tested. This is the quarter that companies will announce layoffs and cost-cutting measures as the economy still appears to be recession-bound.     Stocks pared losses after consumer sentiment rose to a 9-month high.  Plunging gas prices were a k
13-01-2023 11:14 GMT by Edward Moya
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Earnings to spoil the party?
It's been another lively week in financial markets and one in which investors have become increasingly hopeful that 2023 won't be as bad as feared. In a way, the week started with the jobs report the Friday before as it was this that enabled the enthusiasm to build. The labour market has been a major barrier to optimism as the Fed was never going to pivot quickly unless there were signs in the labour market that slack was building and wages cooling.
13-01-2023 07:49 GMT by Craig Erlam
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Optimism boosts oil and gold
Will economic optimism be spoiled? Oil prices are on the rise again on Friday, buoyed by renewed optimism on interest rates. The fact remains that the first half of the year, at least, will be enormously challenging for the global economy but lower terminal rates and even cuts later in the year will cushion the blow and could see it outperform current expectations.
13-01-2023 07:36 GMT by Craig Erlam
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Australian dollar edges lower
The Australian dollar has edged lower on Friday, after jumping close to 1% a day earlier. In the European session, AUD/USD is trading at 0.6950, down 0.26%. US inflation slows in December  US inflation was expected to fall in December and there were no surprises.
13-01-2023 07:27 GMT by Kenneth Fisher
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Market Insights Podcast (Episode 418)
OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discussed the latest US inflation data, what it means for interest rates and the impact it had on financial markets.
12-01-2023 16:37 GMT by Craig Erlam
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Volatile session after another cool CPI report, Fed’s Harker/Collins support another downshift, Claims suggest labor still too strong, Oil rallies on weaker dollar, Gold tests $1900, Bitcoin nears $18,500
US stocks initially rallied as inflation continues to ease and as Fed members are clearly signaling a smaller tightening pace going forward.  The dollar also headed lower as a subdued inflation report should let the Fed slow their hiking pace again. It became clear fairly quickly that stocks would not hold onto initial gains as we will likely remain being data-dependent going forward. The labor market is still hot and much of the relief we saw with energy prices appears to be going away this mon
12-01-2023 10:28 GMT by Edward Moya
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