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Stocks edge lower ahead of kickoff, record cyber Monday, consumer confidence, cryptos modestly rise

The early morning stock market rally that stemmed from optimism that China was poised to deliver more stimulus and nearing a loosening of COVID restrictions did not last. Investors remain fixated on anything that involves inflation and most of those headlines are leading many to believe the Fed hawks might be proven right next quarter.

29-11-2022 15:06 GMT by Edward Moya

Oil rises on China optimism, gold rebounds

Oil Oil prices initially rose on hopes that both China’s COVID situation might be improving as protests are pressuring officials to ease some rules. China’s COVID infections declined for the first time in a week, and they are ramping up vaccination efforts for the elderly. The recent slide in oil prices has complicated where the EU should put the Russian oil price cap.

29-11-2022 15:00 GMT by Edward Moya

Oil showing volatility, gold rallies

So much uncertainty in the oil markets It's already been a very volatile week in oil markets and that's unlikely to change over the coming days given the immense uncertainty over the Russian price cap, China's Covid stance, and the OPEC+ meeting. The market is being led by speculation and leaks, of which there have been plenty and will likely be much more, which makes for very lively conditions given the wide array of possible outcomes. And as you'd expect, all of the above are linked to varying

29-11-2022 10:14 GMT by Craig Erlam

A promising response to protests

Investors in Europe remain in a cautious mood on Tuesday as they await a huge influx of economic data in the coming days, while US futures are also pointing to modest gains ahead of the open. Stocks in China soared after a difficult start to the week, on the hope that the country's zero-Covid policy stance may be relaxed further. That had been the expectation in recent weeks, with a modest softening recently seen being followed by a more substantial shift in the spring. But protests in recent da

29-11-2022 10:10 GMT by Craig Erlam

Yen extends gains

The yen is in positive territory for a second straight day. In the North American session, USD/JPY is trading at 138.60, down 0.23%.

29-11-2022 10:02 GMT by Kenneth Fisher

Canadian dollar steadies ahead of GDP

The Canadian dollar has steadied on Tuesday, after starting the week with sharp losses. In the European session, USD/CAD is trading at 1.3444, down 0.37%. Canada's GDP expected to slow Canada will release third-quarter GDP later today, with a consensus of a 1.5% gain.

29-11-2022 07:09 GMT by Kenneth Fisher

AUD/USD storms higher

The Australian dollar has rebounded on Tuesday after a poor start to the week. In the European session, AUD/USD is trading at 0.6737, up 1.28%. What goes down ...

29-11-2022 05:38 GMT by Kenneth Fisher

Euro eyes German CPI

It has been a busy start to the week for EUR/USD, which gained 100 points earlier in today but has given up almost all of these gains. In the North American session, EUR/USD is trading at 1.0384. German CPI projected to decline Inflation is running at a double-digit clip in the eurozone and Germany, and the ECB is keeping a careful eye on Tuesday's German CPI for November, with a consensus of -0.2%, compared to a gain of 0.9% in October.

28-11-2022 11:57 GMT by Kenneth Fisher

Stock slide amid China unrest

It's been a pretty quiet start to the trading week, with the negative session in Asia continuing into Europe and the US ahead of the open on Wall Street. Chinese stocks have been hit particularly hard amid unrest over Covid restrictions. The protests really do highlight how increasingly frustrated the public is becoming with the leadership's zero-Covid policy, even if it has been modestly relaxed recently. Record cases across multiple cities are putting the policy to the test and the unrest high

28-11-2022 10:19 GMT by Craig Erlam

Oil under pressure, gold settles down

China and the Russian price cap weigh on crude Events in China aren't just hitting local equity markets, oil prices are also crumbling under the pressure of record Covid cases and huge economic uncertainty. The country's commitment to zero-Covid has seriously damaged growth in the world's second-largest economy and by extension, crude demand.

28-11-2022 10:13 GMT by Craig Erlam

Market Insights Podcast (Episode 404)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discuss unrest in China amid tighter Covid restrictions, oil and the week ahead.

28-11-2022 09:54 GMT by Craig Erlam

USD/JPY - China jitters propel yen higher

After strong gains last week, the Japanese yen has extended its gains on Monday. USD/JPY is trading at 138.23 in the European session, down 0.67%. Yen jumps on China unrest China has applied its Covid-zero policy with a heavy hand, but Covid cases continue to rise nonetheless.

28-11-2022 07:45 GMT by Kenneth Fisher

Aussie sinks on China unrest, retail sales

The Australian dollar has started the trading week with sharp losses. AUD/USD is down 0.70% in Europe, trading at 0.6704. China jitters send Australian dollar tumbling Covid cases continue to rise in China despite the government's zero-Covid policy, and the mass lockdowns have triggered protests across China.

28-11-2022 04:30 GMT by Kenneth Fisher

Week Ahead - All eyes on the jobs report

US Wall Street returns after the Thanksgiving holiday and what a week we have in store. The jobs report on Friday is the obvious highlight, with Fed policymakers keen to see further signs of inflationary pressures easing and less tightness in the labour market.

25-11-2022 19:47 GMT by Craig Erlam

Market Insights Podcast (Episode 403)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discuss Black Friday, the PBOC RRR cut and the week ahead.

25-11-2022 18:25 GMT by Craig Erlam

Black Friday lull

We're seeing subdued trading at the end of the week, with the absence of the US leaving markets lacking any notable direction. This isn't really unusual and at the end of the week too, it really makes sense. Barring a flurry of big headlines from elsewhere, we could now see equity markets just drift into the weekend with investors already having an eye on next week. Perhaps today people are trading in their charts for some Black Friday deals, the outcome of which will certainly be on everyone's

25-11-2022 07:59 GMT by Craig Erlam

Euro steady as German data improves

US markets are open for limited hours today, and investors are focussed on the World Cup and Black Friday rather than the US dollar. EUR/USD is trading quietly at 1.0392, down 0.18%. German data has not been spectacular this week, but nonetheless is moving in the right direction, as the German economy is in decent shape.

25-11-2022 07:56 GMT by Kenneth Fisher

Oil prices rise, gold in a range

Oil pares losses as price cap talks continue Oil prices are higher on Friday, continuing to pare losses after being hit heavily in recent weeks by surging Covid cases in China and discussions around the price cap on Russian crude. Lockdowns in all but name appear to be popping up in major Chinese cities in an attempt to get a grip on record cases which will weigh heavily on economic activity once more and in turn demand. It's now a question of how long they last but clearly investors' enthusiasm

25-11-2022 07:50 GMT by Craig Erlam

USD/JPY rises in subdued trading

USD/JPY has reversed directions and posted gains on Friday, after three straight losing sessions. The yen is trading at 139.39, up 0.54% on the day.

25-11-2022 05:53 GMT by Kenneth Fisher

NZD/USD down despite rise in retail sales

The New Zealand dollar has edged lower on Friday. In the European session, NZD/USD is trading at 0.6244, down 0.33%. Retail sales post modest gain It wasn't a spectacular rebound by any means, but New Zealand's retail sales showed a gain in Q3.

25-11-2022 04:31 GMT by Kenneth Fisher

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