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Stay up-to-date with the latest market developments. Discover breaking news, in-depth analysis, expert commentary, and market insights that affects all asset classes, from forex and commodities to stocks and indices. MarketPulse news will help you stay ahead so you can make informed trading decisions.

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Stocks higher on mixed US data, ISM contracts again, JOLTS impress, Salesforce layoffs, Aussie rises,, bitcoin higher but still in range
US stocks edged higher as investors grew confident that the Fed is nearing the end of its tightening cycle as the manufacturing sector is clearly in a recession, while the labor market refuses to break. ​ This stock market rally however might be short-lived as the ISM report and JOLTS data painted a picture of a resilient labor market that should force the Fed into taking rates even higher into restrictive territory. ​
04-01-2023 13:46 GMT by Edward Moya
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Oil slides again, gold grooves on
Oil Oil is extending declines on concerns that China’s struggles with COVID are not going away anytime soon and as the global economic worries persist as central banks take rates into very restrictive territory. ​ Crude is not getting extra demand this winter as warm weather spans across the US and Europe. ​ ​ Despite all this oil price weakness, the technicals, specifically driven by the Biden administration's intention to buy up crude at around the $70 level to refill the strategic petroleum r
04-01-2023 13:41 GMT by Edward Moya
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Oil takes a hit, gold extends rally
Slide continues amid uncertain China outlook Oil prices have tumbled again today, hit it seems by the uncertain near-term economic prospects for China amid surging Covid cases. While reliable data is seemingly hard to come by, the view appears to be that there'll be significant disruption in the coming months and then a recovery from around the middle of the year which should then boost demand. Brent has now slipped back below $80 a barrel while WTI has fallen below $75, with both now only aroun
04-01-2023 09:10 GMT by Craig Erlam
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Growing Optimism?
Equity markets are pushing higher on Wednesday, buoyed by softer yields and some promising PMI revisions in Europe. It would appear investors are increasingly coming around to the idea that central banks will be forced into cutting rates earlier than previously anticipated in order to support the economy. That would also suggest they anticipate inflation will subside faster than previously thought which would be welcome if true after a year of overshoots. I'm sure this is a position that will ch
04-01-2023 09:08 GMT by Craig Erlam
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GBP/USD pushes above 1.20
The British pound has bounced back on Wednesday and recorded sharp gains. In the European session, GBP/USD is trading at 1.2055, up 0.74%. Food inflation jumps Ask any British consumer, and they'll tell you that food prices have been going through the roof.
04-01-2023 07:35 GMT by Kenneth Fisher
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Euro rebounds as German inflation falls
After a dreadful showing on Tuesday, EUR/USD has rebounded today. In the European session, the euro is trading at 1.0618, up 0.66%. Investors eye German CPI German CPI was lower than expected in December.
04-01-2023 04:56 GMT by Kenneth Fisher
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Oil struggles, gold’s great start
Oil Oil prices are tumbling as risk aversion sends the dollar higher and dampens expectations that the crude demand outlook will improve anytime soon. ​ China’s reopening has too many question marks as hospitals are overwhelmed and medical supplies run low. Crude prices could struggle here as a strong dollar could be here to stay as investors can’t pass up the yield they are getting in fixed income. ​ Manufacturing activity globally mostly appears to be stuck in contraction territory and that mi
03-01-2023 14:58 GMT by Edward Moya
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EUR/USD slides to three-week low
The US dollar is showing strong gains against the majors on Tuesday, with the exception of the Japanese yen. EUR/USD has tumbled by 1.27% and is trading at 1.0528 in Europe. Investors eye German CPI EUR/USD is sharply lower today, despite a very light economic calendar.
03-01-2023 07:14 GMT by Kenneth Fisher
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Japanese yen breaks below 130
The Japanese yen has posted winning sessions for three straight days and is in positive territory on Tuesday. Japanese markets are closed today for a holiday, so any strong movement from the yen is unlikely today. It's a very light day on the economic calendar.
03-01-2023 05:43 GMT by Kenneth Fisher
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No more festive cheer
A mixed start to trading on Tuesday as traders return following the festive break to some rather gloomy forecasts for the coming year. The IMF is among those warning of a tough year, more so than the one we've just left, as the simultaneous slowing down of the US, EU, and China takes its toll. Of course, all forecasts at this moment are subject to enormous uncertainty around the war in Ukraine, inflation, interest rates, and China's Covid response, among others, but it seems almost everyone is g
03-01-2023 04:10 GMT by Craig Erlam
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Oil continues to rise, gold rallies
Oil recovery continues Oil prices are a little higher this morning as they continue to rebound strongly from their lows. Brent and WTI have recovered almost 15% from the lows a few weeks ago as traders continue to price in stronger Chinese demand.
03-01-2023 04:03 GMT by Craig Erlam
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Japanese yen's rally continues
The Japanese yen is in positive territory on the first trading day of the new year. US and Japan markets are both closed today, and the yen will likely continue to remain calm in holiday-thinned trading.
02-01-2023 08:45 GMT by Kenneth Fisher
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Oil bouncing back, gold pushing on, bitcoin steady
Risks tilted to the upside? Oil markets are bouncing back in another volatile session at the end of the year. Going into 2023, the risks are arguably tilted to the upside, although that has been the narrative for much of the year and yet we're on course to end it not far from where we started. While producers have finally caught up with post-pandemic demand, other risks remain next year, notably Russian output amid the new price cap and its threats to cut output and not supply any countries ab
30-12-2022 12:18 GMT by Craig Erlam
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Limping into 2023
Another big year ahead though Stock markets are limping into 2023, with investors seemingly making the most of the festive break to refuel for what is going to be another wild year. Equities are a little lower on the final trading day of the year but broadly speaking, over the last week there has been no development, just choppy trading with no conviction or direction. It would appear investors are positioned for an opening quarter of significant uncertainty, which is about right. So much now
30-12-2022 12:16 GMT by Craig Erlam
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Aussie finishes strong in 2022
The Australian dollar has been rising since last Friday and is in positive territory today. In the European session, AUD/USD is trading at 0.6801, up 0.37%. The final week of the year, bookended by Christmas and New Year's, is usually quiet, with reduced trading volumes and a very light economic calendar.
30-12-2022 06:56 GMT by Kenneth Fisher
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Euro shrugs as Spain's inflation drops
It's the last trading day of 2022, and EUR/USD is almost unchanged in what should be a quiet day in the currency markets. In the European session, EUR/USD is trading at 1.0674, up 0.13%. Spain's CPI drops below 6%  The week between Christmas and New Year's is usually very light on data, and there were no tier-1 events in Germany or the eurozone this week.
30-12-2022 06:10 GMT by Kenneth Fisher
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