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Oil treading water Oil prices are basically flat on Tuesday, sitting a little below the middle of their recent trading ranges as traders continue to weigh up the global economic outlook, OPEC+ production risks, and China's Covid approach. Prices remain choppy and that's likely to remain the case given the ongoing uncertainty around these key areas. Everyone became much more optimistic around the US after last week's inflation report but that appears to have quickly faded.

15-11-2022 03:59 GMT by Craig Erlam

Market Insights Podcast (Episode 398)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discuss the latest surge in Covid cases in China, the modest relaxation of its zero-Covid policy, the OPEC+ report and the week ahead.

14-11-2022 15:53 GMT by Craig Erlam

Yields rise on Fed speak, stocks edge lower, what-the-FTX is happening with cryptos?

Bond yields marched higher after Fed’s Waller said the Fed has ‘a ways to go’ before pausing their rate hiking cycle. US stocks are declining after the latest Fed speak pushes back on the idea that the Fed is almost done hiking and after President Biden and Xi’s first in-person meeting delivered the standard rhetoric about avoiding a cold war.

14-11-2022 14:01 GMT by Edward Moya

Oil weakens, gold rally losing steam

Oil Crude prices softened but didn’t break as energy traders await how supplies will be disrupted when the Russian crude price cap begins early next month. Today’s oil price weakness was mainly attributed to a weakening short-term demand outlook by OPEC and nervousness that the Fed could still remain aggressive with raising rates. Warmer weather across Europe has been good news for natural gas prices and that has removed some of the extra demand that was expected to come crude oil’s way. The

14-11-2022 13:35 GMT by Edward Moya

British pound fall, jobs report next

The British pound has started the week with considerable losses. In the North American session, GBP/USD is trading at 1.1733, down 0.83%. US dollar claws back It was a week to forget for the US dollar, which tumbled against the major currencies.

14-11-2022 10:50 GMT by Kenneth Fisher

Australian dollar takes a pause

The Australian dollar is in negative territory today, after posting huge gains last week. In the European session, AUD/USD is trading at 0.6690, down 0.22%. The US dollar took a nasty spill last week, and the Australian dollar made the most of it, gaining 3.6%.

14-11-2022 08:37 GMT by Kenneth Fisher

USD/JPY claws back

After a huge rally last week, the Japanese yen has reversed directions today. USD/JPY is trading at 140.21, up 0.99%.

14-11-2022 04:53 GMT by Kenneth Fisher

A choppy start

It's been quite a choppy start to the trading week, with much of the focus on China where Covid relaxation measures and property market support have brought some relief. Unfortunately, both come at a time of record Covid infections in major cities including Beijing and Guangzhou. And those relaxation measures that were announced are not ambitious enough to make any difference in those cities seeing rising cases which means activity is going to weaken. There is hope that China could further relax

14-11-2022 03:48 GMT by Craig Erlam

Oil steady, gold surges

Oil is steady but upside risks remain The prospect of looser restrictions has boosted the price of oil recently and yet Brent still finds itself trading around the middle of its $90-$100 range. The US inflation data last week gave crude another boost as traders were left to dream again about a possible soft landing if the data continues that way and the Fed raises rates less. There's still a long way to go though and much of the world won't be so lucky, assuming it isn't already too late for the

14-11-2022 03:43 GMT by Craig Erlam

EUR/USD - Dollar tumbles after CPI data

OANDA Senior Market Analyst Craig Erlam discusses how EURUSD responded to the October US inflation data.

11-11-2022 11:15 GMT by Craig Erlam

Week Ahead - Moment of truth

After a round of soft inflation data triggered a buy-everything relief rally, Wall Street will focus on Fed speak and a plethora of data points that might show the economy remains resilient. The key economic readings include manufacturing activity, retail sales, and housing data. There will be no shortage of appearances by the Fed this week. Brainard and Williams speak on Monday, while Tuesday includes speeches by Harker, Cook, and Barr.

11-11-2022 10:42 GMT by Craig Erlam

Oil moves higher, gold sparkles

Can oil break $100 again? It's been quite the volatile week for oil, with Chinese rumours not going away, restrictions and mass testing being undertaken once more and the global economic outlook seemingly changing on a daily basis. There's no such thing as a boring week these days. Today it's the improvement in economic sentiment on the back of that inflation data alongside a modest relaxation of Chinese quarantine measures that are lifting prices.

11-11-2022 08:42 GMT by Craig Erlam

The great deceleration

Equity markets are on course to end the week on a positive after Thursday's US inflation report gave hope that the great deceleration is well underway. That inflation report has been some time coming and investors breathed an enormous sigh of relief in response. The reaction to the number looks a little extreme, overdone even, but in fairness, investors have waited a long time for the chance to do that and so much negativity has been priced in during that time. The fact that equity markets are i

11-11-2022 08:39 GMT by Craig Erlam

New Zealand dollar keeps on rolling

The New Zealand dollar is higher today, extending the huge gains seen on Thursday. In the European session, NZD/USD is trading at 0.6048, up 0.35%. NZ Manufacturing PMI contracts In the new era of spiralling inflation and rising interest rates, manufacturing in the major economies has been hard hit.

11-11-2022 07:34 GMT by Kenneth Fisher

Market Insights Podcast (Episode 397)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discuss the US inflation data, UK GDP data and the latest on FTX.

11-11-2022 06:32 GMT by Craig Erlam

Yen extends rally as Japan's PPI eases

The Japanese yen is taking a breather after posting huge gains on Thursday. In the European session, USD/JPY is trading at 140.30, down 0.45%. Japan's PPI declines The week wrapped up with a key inflation release.

11-11-2022 05:04 GMT by Kenneth Fisher

British pound extends rally

The British pound has extended its gains today, following a huge Thursday. In the European session, GBP/USD is trading at 1.1729, up 0.15%. US dollar crashes after soft inflation report The US dollar was in full retreat on Thursday, after the October inflation report indicated that inflation had fallen more than expected.

11-11-2022 04:15 GMT by Kenneth Fisher

Yen soars after US inflation surprise

The Japanese yen has skyrocketed in today's North American session. USD/JPY is trading at 141.81, down 3.1%. US inflation drags down the dollar The October inflation report was lower than expected, triggering a mass rush from the US dollar.

10-11-2022 12:02 GMT by Kenneth Fisher

Inflation cools, stocks post best day in two years, bye-bye king dollar, FTX debacle, cryptos rally on soft CPI

This inflation report was a nice surprise. Inflation has been very slow to come down, but this report gives up hope that this deceleration with pricing pressures might bring back hopes of a soft landing.

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

Oil higher, gold skyrockets

Oil Crude prices were heavy early as concerns grew over China’s COVID situation. Energy traders were quick to jump back on the oil trade after a cool inflation report brought hopes back to life that the US economy could still have a soft landing. The inflation report showed fuel oil prices surged 19.8% before the cold weather arrives. The oil market is going to remain very tight this winter and that should keep oil prices heading higher. Gold surges as US inflation dips Gold prices are s

10-11-2022 11:24 GMT by Edward Moya

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