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OANDA Senior Market Analyst Ed Moya reviews the latest market news with Jonny Hart. They discuss the trading conditions during World Cup games, China's COVID situation, a potential rail strike in the US, and cryptos.

21-11-2022 22:13 GMT by Edward Moya

USD/JPY jumps to 142, BOJ Core CPI next

The Japanese yen is getting pummeled at the start of the trading week. In the North American session, USD/JPY is trading at 141.90, up 1.09%. Will BoJ Core CPI continue its upswing? Japan releases BoJ Core CPI, the Bank of Japan's preferred inflation indicator later today. The indicator has accelerated for eight consecutive months, as inflation continues to move higher.

21-11-2022 12:42 GMT by Kenneth Fisher

Stocks lower on China and rail strike concerns, King dollar returns, bitcoin tries to hold onto $16k

US stocks are lower as the global growth picture takes a hit following key China Covid lockdowns and as the US economy could have to deal with a massive rail worker strike before the holidays. Adding to the risk aversion tone are rising concerns that future Russian attacks on Ukraine’s nuclear power supply could be catastrophic. Wall Street is hesitant to buy up risk assets on this World Cup-filled and shortened holiday trading week as the first wave of headlines from Beijing to a rail union v

21-11-2022 11:05 GMT by Edward Moya

Crude crushed, gold stumbles

Oil Crude prices remain heavy as China continues to have setbacks with its COVID fight. The warnings from key Chinese officials are the primary driver behind oil’s current slump.

21-11-2022 10:54 GMT by Edward Moya

Aussie extends slide

The Australian dollar has posted losses over three straight days and is sharply lower on Monday. In the North American session, AUD/USD is trading at 0.6610, down 0.96%. RBA shifts gears The Reserve Bank of Australia has changed course and eased up the pace of hikes, but with inflation still accelerating, is it too soon?

21-11-2022 09:03 GMT by Kenneth Fisher

Euro drops below 1.03 as risk aversion climbs

EUR/USD has resumed its downswing and is in negative territory on Monday. In the North American session, the euro is trading at 1.0238, down 0.81%. The ECB holds its final policy meeting of the year on December 15th, and it's practically a given that the ECB will raise rates.

21-11-2022 07:46 GMT by Kenneth Fisher

One eye on FOMC Minutes

The week is off to a relatively slow start, with Asia trading mostly in the red and Europe and the US poised to do the same. We don't get many quiet weeks these days but this may turn out to be one of the few, with the US Thanksgiving bank holiday cutting the week short for many traders and the Fed minutes on Wednesday potentially weighing on activity beforehand. The recovery rally has stalled over the last week or so as Fed commentary has remained more hawkish than investors wanted. The rebound

21-11-2022 04:24 GMT by Craig Erlam

Oil declines, gold dips lower

Oil slips further amid China woes The prospect of more restrictions and therefore lower demand in China has weighed on crude prices recently. Brent slipped back below $90 last week and could register the fourth day of declines if it remains in the red.

21-11-2022 04:10 GMT by Craig Erlam

US Close: Stocks fluctuate, Fed stays hawkish, dollar posts weekly gain, oil's bad week, gold declines, cryptos surprisingly find support

US stocks are acting like they are already feasted on a 12-pound turkey. Today's market moves were uninspiring as we did not learn anything new. The housing market is in a recession after existing home sales fell for a ninth straight month. The Fed is united in sticking to the hawkish script. Fed's Collins noted that a 75 basis-point rate increase is still on the table as there is no clear evidence that inflation is coming down.

18-11-2022 15:28 GMT by Edward Moya

Market Insights Podcast (Episode 400)

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 commodities and cryptos. They address the fallout from the FTX, oil's bad week, and how hawkish Fed speak put an end to gold's rally. They also discuss what the week ahead has in store for financial markets.

18-11-2022 15:26 GMT by Edward Moya

Week Ahead - Central banks remain hawkish

Wall Street’s shortened trading week will be jam-packed with the FOMC minutes, more Fed speak, the flash PMIs and the final look at the University of Michigan’s inflation expectations. One of the key events of the trading week will be the Fed’s minutes from the November policy meeting. Financial markets will want to know if the Fed still believes that the cost of taking too little action to bring down inflation likely outweighed the cost of taking too much action.

18-11-2022 09:43 GMT by Craig Erlam

Uncertain times

Equity markets are back in the green on Friday after a choppy week in which the recovery rally has stalled. Efforts by Fed policymakers to manage market expectations have cooled the sense of immense relief that has delivered a strong rebound over the last month. The S&P was up more than 15% at one point while the Dow jumped more than 18%.

18-11-2022 07:45 GMT by Craig Erlam

Oil extends decline, gold steady

Brent below $90 ahead of December OPEC+ gathering Oil prices are continuing to retreat against the backdrop of increasingly gloomy economic prospects and surging Covid cases in China which risk further restrictions and lockdowns, threatening demand in the world's second-largest economy. Brent crude has broken back below $90, testing the mid-October lows and, if sustained, the patience of OPEC+. The group was heavily criticized for its two million barrel per day output cut and yet oil prices are

18-11-2022 07:37 GMT by Craig Erlam

Canadian dollar eyes inflation data

The Canadian dollar is trading quietly on Friday. USD/CAD is trading at 1.3337 in the European session, up 0.09%. RMPI, IPPI inflation indicators next Inflation was in the spotlight this week, as Canada released the CPI report for October.

18-11-2022 07:30 GMT by Kenneth Fisher

Pound rises as retail sales rebound

The British pound has pushed above the 1.19 line on Friday. GBP/USD is currently trading at 1.1924, up 0.49%. Retail sales bounce back Retail sales showed some life in October, posting a gain of 0.6% MoM.

18-11-2022 05:31 GMT by Kenneth Fisher

Market Insights Podcast (Episode 399)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discuss the UK Autumn Statement and US economic data.

18-11-2022 05:08 GMT by Craig Erlam

USD/JPY calm as inflation rises higher

The Japanese yen has edged higher on Friday and is trading at 139.90 in the European session. Japan's Core CPI beats forecast Inflation continues to creep up in Japan. Core CPI accelerated to 3.6% in October, up from 3.0% in September and edging above the consensus of 3.5%.

18-11-2022 04:18 GMT by Kenneth Fisher

Sterling steady after Autumn Statement

OANDA Senior Market Analyst Craig Erlam discusses how the pound has performed against the dollar recently and what impact the UK Autumn Statement had.

18-11-2022 02:25 GMT by Craig Erlam

Fed speak kills risk appetite, stocks decline, US data, cryptos weaken

US stocks are declining as the Fed sticks to the hawkish script that supports the idea that this economy is quickly heading towards a recession. Equities extended declines after the latest round of Fed speak reminded us that policymakers could remain very hawkish, despite a downshift to a half-point pace in December.

17-11-2022 11:28 GMT by Edward Moya

Oil lower on demand woes, gold slumps

Oil Oil prices are getting punished as crude demand concerns show no signs of easing. The world’s two largest economies are struggling here as China battles COVID and the US is seeing a significant drop in manufacturing activity. China’s new case total rose above 23,000, which is the highest level since April and is approaching its record high.

17-11-2022 11:22 GMT by Edward Moya

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