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Oil eyes Iran nuclear talks After 18 months of negotiations, progress has been made in reviving the Iran nuclear deal. We’ve been here before and have seen talks fall apart. What is a little different this time is that it seems the Iranians are willing to discuss the terms. If the Iran nuclear deal is revived, that could send oil prices down to the low $80s. Crude prices are declining over fears China’s growth could slow much more and on improving odds that the Iranian crude could flood th

16-08-2022 13:22 GMT by Edward Moya

Aussie stabilizes after slide

The Australian dollar is steady today, after a massive 1.40% decline on Monday. In the North American session, AUD/USD is trading at 0.7015, down 0.10% on the day. Aussie volatility continues For those looking for volatility, the Australian dollar should fit the bill. AUD/USD jumped 150 points last Wednesday and briefly pushed above the 0.7100 level for the first time since June 10th.

16-08-2022 11:22 GMT by Kenneth Fisher

Pound recovers losses after jobs report

The British pound remains under pressure. In the North American session, GBP/USD is trading at 1.2055, unchanged the day.

16-08-2022 09:36 GMT by Kenneth Fisher

Oil extends decline, gold edges lower

Two-way risk for oil as a decision on JCPOA nears? Oil prices are sliding once more after tumbling on Monday following some woeful Chinese data. The unexpected MLF rate cut from the PBOC may have further spooked traders as it's unlikely to have any positive impact and just looked a little desperate.

16-08-2022 06:56 GMT by Craig Erlam

Too much optimism?

European stock markets are a little positive on Tuesday following another mixed session in Asia while US futures are pointing marginally lower ahead of the open on Wall Street. It seems investors are gaining confidence amid a recovery in stock markets in recent weeks rather than feeling anxious about its sustainability against a worrying economic backdrop. I wonder how long that can last even if US inflation shows further signs of pulling back from the peak.

16-08-2022 06:52 GMT by Craig Erlam

Pound extends losses, employment report next

The British pound is in negative territory for a third straight day. In the North American session, GBP/USD is trading at 1.2083, down 0.44% on the day. UK wages expected to decelerate There were no UK releases on the economic calendar today, but things will get busy, with employment data on Tuesday and the inflation report on Wednesday.

15-08-2022 11:44 GMT by Kenneth Fisher

Market Insights Podcast (Episode 365)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discuss the economic data from China and Japan, Saudi Aramco results and oil.

15-08-2022 09:47 GMT by Craig Erlam

Yen steady as GDP within expectations

The Japanese yen has started the week quietly. In the European session, USD/JPY is trading at 133.29, down 0.14%.

15-08-2022 07:38 GMT by Kenneth Fisher

Oil and gold lose ground

Oil slips amid poor China data One area where traders are paying attention to the Chinese data is clearly commodity markets, with crude off 2% on Monday. The figures from China really are a concern and the authorities have a big job on their hands arresting flagging domestic demand.

15-08-2022 05:40 GMT by Craig Erlam

An underwhelming start

It's been an underwhelming start to the week in financial markets with the eternal optimism of investors clashing with the reality of Chinese economic data. There's a bizarre willingness to turn a blind eye to the economic reality at the moment as long as the Fed doesn't raise rates too fast. That doesn't feel particularly sustainable but as we've seen so often before, it can last much longer than you may expect. Rate cut does little to ease Chinese fears The economic data from China overnight

15-08-2022 05:36 GMT by Craig Erlam

Bitcoin - Losing momentum

OANDA Senior Market Analyst Craig Erlam discusses bitcoin's recovery in recent weeks and how sustainable it is.

12-08-2022 10:13 GMT by Craig Erlam

GBP/USD slips on GDP, US confidence data next

The British pound is in negative territory today, after a contraction in UK GDP. In the European session, GBP/USD is trading at 1.2126, down 0.61% on the day. British economy declines in Q2 The British pound posted dazzling gains on Wednesday, surging 1.19%.

12-08-2022 06:54 GMT by Kenneth Fisher

Oil rebounds, gold consolidates

Brent eyes $100 after mixed headline week The oil market has bounced back this week, with Brent once more flirting with triple-figures. There's been a lot to digest this week, with Iran nuclear talks ongoing, US inventories rising, US output also rising, the Druzhba pipeline saga and the various forecasts. Even the forecasts themselves offered contrasting views, with OPEC downgrading demand growth and expecting the oil market to tip into surplus this quarter.

12-08-2022 05:18 GMT by Craig Erlam

The run goes on

It's been another very good week for equity markets, extending the run to four weeks in many cases as investors become more optimistic about the economic outlook. This week has been all about the inflation data and, frankly, it could be the dominant force in the markets now right up until the Jackson Hole symposium. The fact that inflation not only decelerated in the US but at a faster pace than the consensus forecasts was a double win and risk assets are feeling the benefit. Of course, it doesn

12-08-2022 05:12 GMT by Craig Erlam

Market Insights Podcast (Episode 364)

Jonny Hart discusses what is driving markets today with OANDA Senior Market Analyst Ed Moya in New York. This week they talk about the latest inflation report, what is driving oil prices, and Bitcoin's rebound. They also discuss what the week ahead has in store for financial markets.

11-08-2022 16:54 GMT by Edward Moya

Traders reassess Fed pivot optimism, First PPI decline since early in the pandemic, Bitcoin above $24K

Stocks were unable to hold onto robust gains following back-to-back reports that suggest inflation has peaked. After a little pushback from the Fed, Wall Street is starting to second guess how soon the Fed will be in a position to pivot. Fed rate hike expectations will bounce between a half-point and 75 basis-points ahead of the September policy meeting, but it is way too early to continue to expect the next round of inflation readings to keep that declining pace. PPI posts decline Producer

11-08-2022 15:12 GMT by Edward Moya

Oil rallies, gold rally capped

Oil Crude prices are rising after demand destruction fears have become overdone. Nationwide gas prices are now below $4 a gallon and that should definitely provide some relief for what has been a lackluster summer driving season. The economy is in too good shape for further crude demand destruction to occur and that should keep oil prices supported well above the $90 level. The IEA is noting that global oil demand growth will continue as oil consumption will benefit from new demand as elevate

11-08-2022 15:08 GMT by Edward Moya

NZ dollar rally continues full steam

NZD/USD has posted strong gains today. In the North American session, NZD/USD is trading at 0.6452, up 0.75% on the day.

11-08-2022 11:26 GMT by Kenneth Fisher

Pound steady ahead of UK GDP

The British pound is trading quietly today, after posting sharp gains on Wednesday. In the North American session, GBP/USD is trading at 1.2220, up 0.02% on the day. US inflation falls, dollar takes a tumble US inflation surprised on Wednesday, as both the CPI and the core CPI readings were lower than expected.

11-08-2022 09:49 GMT by Kenneth Fisher

Welcome relief

Investors are certainly in a more upbeat mood as the relief from the US inflation data ripples through the markets. Positive surprises have been hard to come by on the inflation front this year and yesterday's report was very much welcomed with open arms. While we shouldn't get too carried away by the data, with headline inflation still running at 8.5% and core 5.9%, it's certainly a start and one we've waited a long time for. Fed policymakers remain keen to stress that the tightening cycle is f

11-08-2022 06:26 GMT by Craig Erlam

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