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Stay up-to-date with the latest market developments. Discover breaking news, in-depth analysis, expert commentary, and market insights that affects all asset classes, from forex and commodities to stocks and indices. MarketPulse news will help you stay ahead so you can make informed trading decisions.

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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
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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
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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
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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
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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
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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
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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
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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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Swissie drifting ahead of inflation release
The Swiss franc is showing little movement for a second straight day. In the North American session, USD/CHF is trading at 0.9993, down 0.03%. Swiss consumer sentiment remains in deep-freeze Consumer confidence fell in the October survey to -47, down from -42 in the previous quarter.
02-11-2022 12:30 GMT by Kenneth Fisher
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The dovish pivot
We're unsurprisingly seeing some caution in financial markets on Wednesday as we await the Federal Reserve rate decision. Markets have heavily priced in a 75 basis point rate hike from the FOMC and there doesn't appear to be any doubt about that outcome. The communication that accompanies it is where the interest is, with increasing numbers anticipating a hint at a slower pace from December. In many ways that would make a lot of sense.
02-11-2022 10:07 GMT by Craig Erlam
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Oil steady, gold eyes FOMC
Oil steady after Chinese rumours fuel surge Oil prices are relatively flat, trading with some caution on Wednesday after another decent move higher the day before. The prospect of fewer restrictions in China is certainly a good reason for the move on Tuesday, assuming of course there's any actual truth or substance to it. Broadly speaking though, it continues to trade around the middle of what appears to be the newly established range between $90 and $100, in the case of Brent.
02-11-2022 10:05 GMT by Craig Erlam
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Euro shrugs after soft manufacturing data
EUR/USD is in positive territory today. In the European session, the euro is trading at 0.9905, up 0.32%. German, eurozone manufacturing PMIs fall The manufacturing sector in the eurozone continues to struggle, as PMIs in Spain, Italy and France slowed in October and remained in contraction territory, with readings below 50.0.
02-11-2022 09:20 GMT by Kenneth Fisher
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