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Australian dollar rally takes a breather

AUD/USD is almost unchanged today, after sharp gains on Friday. In the North American session, AUD/USD is trading at 0.6470, down 0.02% on the day. Aussie soars after nonfarm payrolls The US dollar declined against all the major currencies on Friday, after a mixed nonfarm payrolls report left investors in a dovish mood.

07-11-2022 11:15 GMT by Kenneth Fisher

New Zealand dollar flies after US NFP

The New Zealand dollar is steady today, after ending the week with huge gains. NZD/USD is trading at 0.5934 in the North American session. US dollar slides after NFP The US dollar was broadly lower on Friday, after the nonfarm payroll report sent mixed signals about the strength of the labor market. The October reading of 261,000 was stronger than the consensus of 200,000, but it marked the smallest gain since December 2020.

07-11-2022 08:39 GMT by Kenneth Fisher

Canadian dollar soars after employment report

The Canadian dollar is almost unchanged today, trading at 1.3483. Canadian dollar flies on job gains It was a day to remember for the Canadian dollar, which rocketed almost 2% higher on Friday. The driver behind the spike was a massive gain in jobs at 108, 300 in October, up from 20,000 in September.

07-11-2022 05:54 GMT by Kenneth Fisher

Market Insights Podcast (Episode 394)

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 another hot jobs report, the FOMC decision, and crypto resilience. They also discuss what the week ahead has in store for financial markets.

04-11-2022 13:30 GMT by Edward Moya

Week Ahead - Control of Congress

This week will be massive for markets as investors closely watch to see how inflation moderates. In addition to watching to see if inflation comes down from a 40-year high, Wall Street will pay close attention to the midterm elections.

04-11-2022 11:36 GMT by Craig Erlam

NFP React: Stocks higher, Dollar crushed, Oil eyes $100, Gold surges, Bitcoin above $21k

US stocks went on a rollercoaster ride after another strong labor report. Stocks are rallying as Wall Street believes the Fed is on the right to bring inflation down.

04-11-2022 10:46 GMT by Edward Moya

Gold - Another crushing blow

OANDA Senior Market Analyst Craig Erlam discusses the volatility in gold around the November Federal Reserve interest rate decision.

04-11-2022 07:48 GMT by Craig Erlam

GBP/USD - Slides amid bleak forecasts

OANDA Senior Market Analyst Craig Erlam discusses the latest developments in GBP/USD as the Federal Reserve and Bank of England hike interest rates by 0.75%.

04-11-2022 07:31 GMT by Craig Erlam

Euro stems nasty slide, NFP looms

EUR/USD has rebounded and is in positive territory. In the European session, the euro is trading at 0.9794, up 0.45%.

04-11-2022 07:15 GMT by Kenneth Fisher

USD/CAD jumps ahead of US, Canada job data

The Canadian dollar is usually quiet before North American markets open, but it is sharply higher today. USD/CAD is trading at 1.3644 in Europe, down 0.73%. US nonfarm payrolls expected to slow The week wraps up with the October employment reports from the US and Canada.

04-11-2022 06:07 GMT by Kenneth Fisher

Oil prices rise on China, gold

China rumours boost oil prices Oil prices are rallying once more at the end of the week as rumours continue to circulate around China's plans to relax certain Covid restrictions in the first major move away from its zero-Covid policy. Of course, this is pure speculation at the moment and yesterday's denial from the National Health Commission appears to have fallen on deaf ears but that doesn't appear to have stopped oil rallying.

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

Aussie jumps, ignores RBA's tough message

AUD/USD continues to show strong volatility and is sharply higher today. In the European session, the Australian dollar is trading at 0.6338, up 0.81%.

04-11-2022 04:12 GMT by Kenneth Fisher

Yen holds own against dollar, NFP next

The yen has been steady for most of the week and is hovering around the 148 line. In the North American session, USD/JPY is trading at 148.09, up 0.12%. Yen yawns after Fed rate hike The Federal Reserve's rate meeting roiled the financial markets and sent the US dollar sharply higher against the majors, but the Japanese yen defied the trend and has held its ground.

03-11-2022 13:50 GMT by Kenneth Fisher

Hawkish Fed, dovish BOE and Norges, signs of labor weakness, bitcoin resilience

Central bank paths are diverging and that suggests the recessions are here and that FX volatility will remain elevated. The post-Fed hangover continues to keep pressure on US stocks as the impact from the first round of hikes is finally being felt.

03-11-2022 11:46 GMT by Edward Moya

Oil slumps on demand outlook, gold hurt

Oil Crude prices are struggling as China stands by its zero-COVID policy and as global central bank tightening is crushing economic activity. Central banks are signaling that tightening is quickly cooling their respective economies, which means the short-term crude demand outlook will probably get slashed. Oil is battling both a weakening global economic outlook and a surging dollar. It seems these bearish drivers won’t be easing up anytime soon and that could mean WTI crude could be vul

03-11-2022 11:39 GMT by Edward Moya

GBP/USD plunges on Powell, BOE warning

The British pound is sharply lower today. In the European session, GBP/USD is trading at 1.1179, down 1.83%.

03-11-2022 09:24 GMT by Kenneth Fisher

NZD dives as Fed pledges more tightening

The New Zealand dollar is sharply lower today. In the European session, NZD/USD is trading at 0.5761, down 0.95%. Fed raises rates 0.75%, says more to come It was a roller-coaster day for the financial markets on Wednesday, courtesy of Federal Reserve Chair Jerome Powell.

03-11-2022 07:33 GMT by Kenneth Fisher

More rate hikes coming

Equity markets are coming under some pressure on Thursday, with Asia mostly in the red and Europe poised to open almost a percentage point lower. Chinese stocks are among the worst hit after the National Health Commission sought to quash rumours on social media that the country is studying ways to exit Covid-zero. That sparked a strong rally earlier this week which has only partly been reversed following the clarification. Perhaps that's a sign of how low stocks have fallen that investors are ke

03-11-2022 05:50 GMT by Craig Erlam

Oil dips lower, gold under pressure

Settling in a range Oil prices are softening a little on Thursday after nudging higher again a day earlier. Brent appears to be settling around the mid-point of the $90-$100 range as traders weigh up the impact of the OPEC+ cut against a bleak global economic outlook. The zero-Covid rumours in recent days may have given oil another bump higher, as will the crude inventory data that showed a large drawdown.

03-11-2022 05:48 GMT by Craig Erlam

Market Insights Podcast (Episode 393)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discuss the Fed and BoE rate decisions and the surge in Chinese stocks amid zero-Covid rumours.

03-11-2022 02:19 GMT by Craig Erlam

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