The Swiss franc is steady on Friday. In the European session, USD/CHF is almost trading at 0.9240, up 0.08%.
30-12-2022 04:29 GMT
by Kenneth Fisher
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We're seeing limited movement in the currency markets this week, which is not uncommon during the week between Christmas and New Year's. Trading volume remains thin and the data calendar is very light.
29-12-2022 10:49 GMT
by Kenneth Fisher
The British pound has shown little movement since before Christmas and remains quiet on Thursday. This is not surprising as trading volumes are down during the holidays and there are few key events on the calendar this week.
29-12-2022 07:48 GMT
by Kenneth Fisher
Paring gains again
Oil prices are dropping for a second day, erasing some more of the pre-Christmas rally amid uncertainty over the Chinese outlook and the limited impact of Russia's response to the G7 price cap. Volatility is likely going nowhere fast as we navigate another highly uncertain year, albeit one that surely promises plenty of surprises and twists and turns along the way.
The US refilling the SPR should be supportive for the market and could have put a bit of a floor in place, althou
29-12-2022 06:51 GMT
by Craig Erlam
We continue to drift into year-end with investors having little to cling onto that's going to drive markets one way or another.
That is so often the case this time of year and while 2022 could have been different, given how chaotic the rest of the year has been, it has proven to not be the case. Investors are going into 2023 with a cautious mindset, prepared for more rate hikes, and expecting recessions around the globe.
29-12-2022 06:48 GMT
by Craig Erlam
The Japanese yen has posted gains on Thursday, putting the brakes on this week's dollar rally of over 1%. In the European session, USD/JPY is trading at 133.64, down 0.60%.
This week has been marked by low liquidity, with many traders closing their books or taking a holiday at the end of the year.
29-12-2022 06:07 GMT
by Kenneth Fisher
The New Zealand dollar has posted gains on Wednesday. In the North American session, NZD/USD is trading at 0.6306, up 0.49%.
28-12-2022 12:49 GMT
by Kenneth Fisher
We're seeing choppy trade in financial markets on Wednesday in what is always quite thin trade as traders continue the festivities into the new year.
And there's certainly a strong sense of holiday trade to the markets today, with light news flow combined with lower liquidity creating choppy but ultimately insignificant moves. It very much feels like we're now just drifting into 2023 at which point I expect things will quickly pick up again.
The key trading themes will continue to dominate in ea
28-12-2022 12:40 GMT
by Craig Erlam
Market activity is subdued on Wednesday in thin post-holiday trade. In the European session, USD/CHF is almost trading at 0.9280, down 0.14%.
Over the final two months of the year, the Swiss franc has looked sharp against the US dollar.
28-12-2022 07:30 GMT
by Kenneth Fisher
The Japanese yen continues to lose ground this week and is in negative territory on Wednesday. In the European session, USD/JPY is trading at 134.11, up 0.49%.
Post-Christmas holiday trading remains thin, but USD/JPY has made steady gains and climbed 1% this week.
28-12-2022 04:47 GMT
by Kenneth Fisher
US and Japanese markets are open on Tuesday, but trading remains thin after the Christmas holiday. There are some key Japanese events on the calendar, although US releases are all tier-2 events.
27-12-2022 12:21 GMT
by Kenneth Fisher
Canadian and US markets are closed on Monday and we are seeing very little movement from USD/CAD at the start of the new trading week.
Canada's GDP stays steady
Ahead of the Christmas holiday, there was plenty of action on Friday. Canada's GDP remains steady, with a modest 0.1% gain in November, identical to the October release.
26-12-2022 12:03 GMT
by Kenneth Fisher
With most financial markets closed on Monday, trading will be thin. Japanese markets are open and USD/JPY has edged higher, trading at 132.82, up 0.34%.
Kuroda plays down yield curve move
The Bank of Japan announced a policy change last week, and the ramifications were massive for the Japanese yen, as USD/JPY jumped as much as 4.8% following the move.
26-12-2022 06:23 GMT
by Kenneth Fisher
US
Thin trading conditions could persist as much of Wall Street will be taking off this week. While trading volumes might be lower it will be a week filled with lots of economic readings. There will be no earnings and no Fed speak.
On Monday, US markets will be closed to observe the Christmas holiday. Tuesday contains several economic releases that are expected to show the economy is weakening. Wholesale inventories in November are expected to increase at a slower pace, both the October
23-12-2022 12:05 GMT
by Edward Moya
US stocks pared earlier losses as traders digest a wide range of mixed economic data that overall supports the story that inflation is coming down. Wall Street had a tale of two rounds of economic readings. The first wave, before the opening bell showed CAPEX is weakening and softer consumer demand. The second round of data was rather upbeat as consumer sentiment improved and inflation expectations dropped even further. New Home Sales also unexpectedly improved, but no one is betting that th
23-12-2022 11:06 GMT
by Edward Moya
The dust is beginning to settle after the Bank of Japan's stunning move earlier this week. At its policy meeting, the BoJ widened the yield curve on long-term bonds from 0.25% to 0.50%. The move blindsided the markets, which had anticipated a ho-hum BoJ meeting with no changes in policy.
23-12-2022 07:48 GMT
by Kenneth Fisher
The Canadian dollar has edged lower on Friday. In the European session, USD/CAD is trading at 1.3600, down 0.33%.
We could see stronger movement from the Canadian dollar in the North American session, with key events in both Canada and the US.
23-12-2022 06:43 GMT
by Kenneth Fisher
The Grinch selloff is firmly in place after Micron delivered a gloomy outlook and as better-than-expected US economic data supported the Fed's case for more ongoing rate increases. Global coordinated central bank tightening has yet to fully impact most of the economic readings for the major economies and that should have investors nervous over earnings downgrades and credit risks.
US data
Following another round of economic data, the US economy doesn’t look like it wants to head into a reces
22-12-2022 14:01 GMT
by Edward Moya
The Japanese yen has edged higher on Thursday. In the European session, USD/JPY is trading at 132.09, down 0.27%.
The dust has settled after Tuesday's dramatic events, when the yen shot up 3.7%.
22-12-2022 08:09 GMT
by Kenneth Fisher
EUR/USD continues to drift this week, content to stick close to the 1.06 line. There are no eurozone releases today, so I expect the euro to continue treading in place for the remainder of the day.
This week's data calendar in Europe has been very light, with mostly tier-2 releases.
22-12-2022 07:16 GMT
by Kenneth Fisher