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Jonny Hart discusses what is driving markets today with OANDA Senior Market Analyst Ed Moya in New York. This week they preview both the US midterm elections, a pivotal inflation report, and discuss what's driving crypto markets.

07-11-2022 13:22 GMT by Edward Moya

Soaring euro punches past parity

EUR/USD has extended its impressive rally and is trading at 1.0019, up 0.60% on the day. The US dollar was broadly lower on Friday after the nonfarm payroll report and the euro rocketed 2.1%. German industrial orders rebound The week started on a high note in Germany, as Industrial Production for September rose for the first time in two months, up 0.6% MoM.

07-11-2022 12:57 GMT by Kenneth Fisher

A choppy start to the week

It's been a relatively lackluster start to the trading week, following the one previous that was anything but. There's no doubt that the last seven days have left investors with plenty to work out and the jobs report on Friday yielded a response in the markets which probably sums up how confused investors appear right now. It was another hot report with little in it to suggest we're seeing cracks appearing that will deliver the slack that the Fed thinks it needs. Trade around the report was vola

07-11-2022 12:12 GMT by Craig Erlam

Oil ticks higher, gold choppy

Continuing to creep higher Oil prices are continuing to creep closer to $100 amid ongoing speculation over China's Covid-zero commitment and a little more positive sentiment in broader markets. Brent and WTI are treading water but it's been choppy at times, with the former coming within a dollar of triple figures. That won't make good headlines at a time when the Democrats in the US need all the good headlines they can get as people head to the polls.

07-11-2022 12:08 GMT by Craig Erlam

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

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