All Articles

Oil volatility likely to continue Another volatile start to the week in oil markets, where Brent and WTI now find themselves around 3% higher on the day. This comes after WTI fell close to $70 a barrel, the level at which the White House previously indicated it will begin refilling the SPR which could provide some initial support for the price. The outage on the Keystone pipeline between Canada and the US could be offering further support for the price, as could renewed Russian threats to cut su

12-12-2022 13:00 GMT by Craig Erlam

EUR/USD steady, US inflation next

EUR/USD is almost unchanged on Monday, trading at 1.0537. Will US inflation report shake up euro? It has been a relatively quiet December for the EUR/USD, which hasn't veered far from the 1.0550 line. That could change this week, with key events out of the US.

12-12-2022 12:29 GMT by Kenneth Fisher

USD/JPY dips lower as PPI jumps

The Japanese yen has started the week with losses. In the North American session, USD/JPY is trading at 137.44, down 0.64%. Japan's PPI almost unchanged at 9.3% Japanese wholesale inflation climbed 9.3% y/y in November, a drop lower than the 9.4% gain in October.

12-12-2022 11:41 GMT by Kenneth Fisher

AUD/USD drops, confidence data next

The Australian dollar has started the week in negative territory. In European trade, AUD/USD is trading at 0.6766, down 0.44%. Australian dollar eyes confidence releases Australian confidence indicators headed south in the most recent releases - will we see an improvement on Tuesday?

12-12-2022 07:41 GMT by Kenneth Fisher

Pound shrugs as GDP beats forecast

It promises to be a very busy week in the UK, with a host of key events on the calendar. Monday started on a positive note, as GDP for October climbed 0.5%, up from -0.6% in September and ahead of the 0.4% consensus. Investors will have plenty of data to digest, including employment, inflation, retail sales and the Bank of England rate decision.

12-12-2022 05:55 GMT by Kenneth Fisher

Week Ahead - Blockbuster end to the year

US Two blockbuster events will have Wall Street on edge as the disinflation trade may have gotten ahead of itself. The last major piece of economic news before the Fed meets will be the November inflation report which is expected to show pricing pressures are decelerating. The headline reading from a month ago is expected to rise 0.3%, a tick lower from the pace in October. On a year-over-year basis, inflation is expected to decline from 7.7% to 7.3%.

09-12-2022 15:53 GMT by Craig Erlam

Market Insights Podcast (Episode 409)

Jonny Hart looks back on the week's business and markets news with OANDA Senior Market Analyst Ed Moya in New York. This week they talk about a hot PPI report, the US Senate, and cryptos. They also discuss what the week ahead has in store for financial markets.

09-12-2022 12:48 GMT by Edward Moya

Mid-Market update: Stocks waver post PPI and UMich survey, oil jumps as Putin considers output cut, gold shines, bitcoin anchored at $17k

US stocks are settling higher after a mixed round of pricing data seemed unlikely to change what the Fed will do next week. Stocks are finishing a down week on a positive note as expectations remain high that the Fed will downshift to a slower pace. Inflation is heading lower but we won’t know for a couple quarters if more tightening will be required by the Fed. For now, investors appear confident that the Fed will stop tightening once the terminal rate peaks around the 5.00% to 5.25% levels.

09-12-2022 12:37 GMT by Edward Moya

GBP/USD edges higher, US PPI looms

The British pound has posted slight gains today. In the European session, GBP/USD is trading at 1.2257, up 0.32%. After a rather uneventful week for the US dollar, next week could be marked by plenty of action, with a host of key releases on both sides of the pond.

09-12-2022 07:15 GMT by Kenneth Fisher

Japanese yen eyes US PPI

The Japanese yen is in positive territory on Friday. In the European session, USD/JPY is trading at 135.92, down 0.57%. USD/JPY has been rather muted this week, with the exception of Monday, when the pair jumped 1.8%.

09-12-2022 06:36 GMT by Kenneth Fisher

NZD/USD yawns as Manufacturing Sales shines

It has been a generally muted week for the New Zealand dollar, save for Monday, when it fell by 1.3% in the aftermath of the strong US employment report. With a light economic calendar this week in both the US and New Zealand, the markets are casting an eye to next week, which is loaded with key events.

09-12-2022 04:54 GMT by Kenneth Fisher

Stocks poised to snap 5-day losing streak, Jobless Claims, Bitcoin seesaws around $17,000

US stocks are rebounding as investors await a key round of pricing data points that could tilt the scales over how much more tightening the Fed will do in the February policy meeting. It looks like this losing streak for stocks will end not because of positive catalysts but on exhaustion from this 5-day losing streak. Jobless claims didn’t really tell us anything new but some investors were excited over an analyst upgrade given to Boeing’s stock. Wells Fargo increased their Boeing price targ

08-12-2022 14:07 GMT by Edward Moya

Oil pops on Keystone Pipeline leak, gold edges higher

Oil Crude prices spiked higher after the Keystone Pipeline was shut after a leak in Nebraska. Earlier, Tribeca Shipping Agency reported 19 oil tankers are still awaiting passage through Turkey’s Bosphorus Strait.

08-12-2022 14:01 GMT by Edward Moya

Market Insights Podcast (Episode 408)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discuss how markets have traded this week, the Hang Seng's outperformance today, and oil.

08-12-2022 12:05 GMT by Craig Erlam

NZD/USD extends gains ahead of Mfg. Sales

The New Zealand dollar is slightly higher on Thursday. In the North American session, NZD/USD is trading at 0.6376, up 0.34%. New Zealand manufacturing in trouble New Zealand's manufacturing sector is showing signs of strain, as high costs and hiring challenges in a tight labour market remain key problems.

08-12-2022 11:54 GMT by Kenneth Fisher

US stocks dip ahead of the Fed

OANDA Senior Market Analyst Craig Erlam discusses the recent performance of US stocks in light of another hot jobs report and ahead of the final Fed meeting of the year.

08-12-2022 11:48 GMT by Craig Erlam

GBP/USD steady, inflation expectations next

The British pound is in negative territory on Thursday. In the European session, GBP/USD is trading at 1.2174, down 0.29%.

08-12-2022 07:48 GMT by Kenneth Fisher

USD/CAD yawns after BoC surprise

Bank of Canada surprises with 50 bp hike The Bank of Canada delivered a second straight 50-bp hike on Wednesday, which brought the cash rate to 4.25%. The markets had been split on whether the BoC would raise by 50 bp or 25 bp, pricing in 33 bp ahead of the decision.

08-12-2022 06:15 GMT by Kenneth Fisher

Oil under pressure, gold eyes Fed meeting

A floor in oil prices? Oil prices remain under pressure as traders continue to price in a slower global economy next year and the prospect of deeper recessions. China's efforts to reduce restrictions are probably preventing a much steeper decline in the oil price, although this won't be without disruption as Covid spreads like wildfire throughout the country after such a long period of zero-Covid measures. Then there's also the pledge by the White House to restock the SPR once oil falls to aroun

08-12-2022 05:15 GMT by Craig Erlam

A bit flat

Equity markets look a little flat on Thursday, perhaps a sign that we've entered into a waiting period ahead of some major data releases and central bank meetings. This month was always effectively split into two dominant weeks, the first of the month which included the jobs report that proved extremely impactful. And then next week when we get a flurry of interest rate decisions and some big data releases.

08-12-2022 05:11 GMT by Craig Erlam

All news & analysis