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US After a hotter-than-expected NFP report, investors will fixate on producer prices, inflation expectations, and retail earnings. It will be a busy week filled with a wide range of economic releases, but the big ones, PPI and University of Michigan sentiment are released at the end of the week. Producer prices are expected to cool again, while the consumers’ current conditions and expectations should soften. Wall Street is looking for clearer signals that the labor market is softening an

02-12-2022 12:27 GMT by Craig Erlam

Oil risk, gold steadies, bitcoin cautious

Steady going into a highly uncertain weekend Oil prices are quite steady on approach to the weekend. There remains considerable uncertainty around the action OPEC+ will take when it meets on Sunday, although there's every chance that the meeting will be delayed or that discussions take longer than normal, as a result of the price cap being finalized by the EU. A cap of around $60 is now reportedly close to being signed off, the impact of which is still unclear as Russia already sells to its tr

02-12-2022 06:31 GMT by Craig Erlam

Euro pauses after sharp gains, NFP looms

EUR/USD is unchanged on Friday, trading at 1.0524. US nonfarm payrolls expected to drop to 200K The week wraps up with one of most important releases on the calendar, US nonfarm payrolls. The robust labour market is showing signs of cooling down, as rising interest rates have slowed economic activity.

02-12-2022 05:31 GMT by Kenneth Fisher

Australian dollar steady ahead of NFP

The Australian dollar has posted small gains today and is trading at 0.6816. After starting the week with sharp losses, AUD/USD has rebounded and hit a 13-week high on Thursday, at 0.6845. All eyes on US nonfarm payrolls Today's highlight is the US nonfarm employment report, with a consensus of 200,000 for November.

02-12-2022 04:45 GMT by Kenneth Fisher

USD/CAD drifting ahead of job reports

The Canadian dollar continues to show limited movement. In the European session, USD/CAD is almost unchanged at 1.3433.

02-12-2022 03:44 GMT by Kenneth Fisher

Brent Crude - Immense uncertainty

OANDA Senior Market Analyst Craig Erlam discusses the latest crude moves against the backdrop of record Covid cases in China, an imminent EU decision on the Russian oil price cap, and the weekend OPEC+ meeting.

01-12-2022 17:43 GMT by Craig Erlam

Oil rallies as China eases covid rules, gold shines

Oil Crude prices rallied as hopes grow that China will continue to loosen their COVID rules and on expectations that OPEC+ will do whatever it takes to keep oil prices supported. Energy traders are eagerly awaiting an OPEC+ decision that could see them keep output steady or deliver a small cut. If China didn’t signal a slight covid easy shift, the probability of a production cut would have been much greater. Oil should find a range as we await the OPEC+ decision. Key levels for WTI crude i

01-12-2022 14:23 GMT by Edward Moya

Stocks volatile ahead of NFP, US Data, BOJ Tamura’s first impression, Tether loan concerns

US stocks were unable to hold onto earlier gains as Wall Street digested a swathe of economic data that showed inflation is easing and the labor market is cooling. It’s been a nice rally but no one wants to be aggressively bullish heading into the NFP report.

01-12-2022 14:23 GMT by Edward Moya

Soft German retail sales can't stop EUR/USD

The euro has climbed to its highest level since June 29th, as the US dollar continues to struggle. In the North American session, EUR/USD is trading at 1.0496, up 0.85%. German retail sales slide German consumers are being squeezed by the double-whammy of rising interest rates and double-digit inflation, and the October retail sales report shows that consumer spending was sharply lower.

01-12-2022 12:31 GMT by Kenneth Fisher

Swiss franc climbs as US dollar sags

The Swiss franc continues to gain ground as the US dollar has weakened broadly in the wake of Fed Chair Powell's comments on Wednesday. In the North American session, USD/CHF is trading at 0.9384, down 0.74% US dollar slides as Powell signals 50-bp hike It may not have been a dovish pivot, but the financial markets saw a green light after Jerome Powell's comments on Wednesday.

01-12-2022 10:26 GMT by Kenneth Fisher

Australian dollar flies after Powell speech

AUD/USD continues to power upwards and hit 10-week highs earlier today. The Australian dollar climbed 1.5% on Wednesday and has edged higher today.

01-12-2022 06:07 GMT by Kenneth Fisher

Oil prices rising, gold rallies

A huge few days for oil markets Oil prices have rebounded strongly over the last few days - up around 10% from the lows - buoyed by the prospect of a lower price cap on Russian crude, another large production cut from OPEC+ this weekend, and China's evolving Covid stance. There remains considerable uncertainty surrounding all of the above though which will likely ensure prices remain volatile going into the weekend.

01-12-2022 04:17 GMT by Craig Erlam

Market Insights Podcast (Episode 405)

OANDA Senior Market Analyst Ed Moya reviews the latest market news with Jonny Hart. They discuss the upward revision for US Q3 GDP, crude's rally that stemmed from China opening optimism, and crypto regulation expectations.

30-11-2022 14:29 GMT by Edward Moya

NZD rises despite soft bus. confidence

The New Zealand dollar has extended its gains on Wednesday. In the North American session, NZD/USD is trading at 0.6235, up 0.54%. Business Confidence slides New Zealand's ANZ Business Confidence has been in a deep freeze for months, but things got even uglier in November, with a reading of -57.1.

30-11-2022 12:38 GMT by Kenneth Fisher

Canadian dollar ends slide, Powell next

The Canadian dollar has posted slight gains on Wednesday. In the North American session, USD/CAD is trading at 1.3541, down 0.28%. Will Powell's speech be a market-mover? All eyes are on Fed Chair Powell, who will deliver a speech later today at the Brookings Institute in Washington.

30-11-2022 11:31 GMT by Kenneth Fisher

Stocks await Powell, US data, crypto focus shifts to legislation

US stocks are entering a holding pattern ahead of Fed Chair Powell's speech as some investors look for him to somewhat ease up on the hawkish rhetoric. The economy is weakening and traders want to see the Fed Chair deliver a clear message that they will downshift their pace of tightening and are close to hitting the breaks. No one wants to put on a major position before Powell and they probably won't if he sticks to his script that the pace of hikes will slow but they still have more to do t

30-11-2022 10:29 GMT by Edward Moya

Oil rallies on China's opening, gold's great month

Oil Oil prices are rallying on China's opening optimism and after another round of US economic data showed the economy is weakening but still far from a recession. Energy traders are looking at the next week and see two potential bullish catalysts for oil prices; an OPEC+ decision that could easily justify lower output targets given China’s demand outlook and a Russian crude price cap that needs to be put in place; otherwise, a ban on Russian imports takes effect on December 5th. US energy sec

30-11-2022 10:23 GMT by Edward Moya

Oil powers higher, gold range-bound

Immense uncertainty It was always shaping up to be a volatile week in oil markets and it's certainly living up to that. Brent and WTI are up more than 2% on Wednesday as the EU continues to work towards an agreeable price cap on Russian crude and OPEC+ consider another large production cut this weekend. Both carry significant uncertainty and a wide range of outcomes that should ensure oil remains volatile in the coming days, especially if both go into the weekend still up in the air.

30-11-2022 08:46 GMT by Craig Erlam

EUR/USD edges higher as CPI falls

It continues to be a quiet week for the euro. In the European session, EUR/USD is trading at 1.0363. Eurozone inflation falls to 10.0% The ECB's number one priority has been bringing down inflation, which has hit double-digits.

30-11-2022 06:39 GMT by Kenneth Fisher

Aussie higher after CPI dips

The Australian dollar has extended its gains on Wednesday. AUD/USD is trading at 0.6723 in Europe, up 0.54%. Australian inflation falls below 7% Australia inflation surprised on the downside with a 6.9% gain (YoY) in October.

30-11-2022 04:42 GMT by Kenneth Fisher

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