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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

Oil stablizes, gold pares gains

Oil treading water after volatile 24 hours Needless to say, it was quite a volatile session in oil markets on Wednesday. A positive surprise on inflation was followed by a huge inventory build reported by EIA and then the highest US output since April 2020.

11-08-2022 06:10 GMT by Craig Erlam

Australian dollar rises to 2-month high

The Australian dollar has extended its gains today, after rising sharply on Wednesday. In the European session, AUD/USD is trading at 0.7099, up 0.26% on the day. Aussie rockets on US inflation Spectacular.

11-08-2022 05:05 GMT by Kenneth Fisher

Market Insights Podcast (Episode 363)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discuss the inflation surprises from the US and China, and the impact on the markets.

10-08-2022 11:16 GMT by Craig Erlam

Oil's busy day, No need for safe-havens keep gold grounded

Oil Oil prices went on a rollercoaster ride after inflation eased slightly, the resumption of oil flows through the Druzhba pipeline, and as US production rose to the highest levels since April 2020, while oil inventories posted a large build. The EIA crude oil inventory had a lot to take in.

10-08-2022 11:16 GMT by Edward Moya

Inflation decelerates, Nasdaq's 20% rebound, bitcoin surges

The Fed is having a good morning. Inflation is decelerating and their goal to deliver a soft landing seems reachable.

10-08-2022 11:12 GMT by Edward Moya

GBP/USD soars as US inflation falls

The British pound has surged in today's North American session. GBP/USD has jumped a massive 1.20% on the day and is trading at 1.2218. US inflation underperforms The economic calendar is very light on both sides of the pond today, but that didn't matter as today's US inflation report has sent the US dollar on a nasty slide.

10-08-2022 09:19 GMT by Kenneth Fisher

Yen drifting as US inflation looms

USD/JPY continues to show little movement this week, in sharp contrast to Friday, when the pair jumped a massive 1.55%. In the European session, USD/JPY is trading at 135.02 down 0.09%. The yen had shown some strength against the dollar recently, but took a tumble after the stunning US nonfarm payroll report on Friday.

10-08-2022 07:21 GMT by Kenneth Fisher

Aussie remains calm ahead of US

The Australian dollar has posted slight gains today. AUD/USD is trading at 0.6974 in the European session, up 0.15%. Will US inflation report shake up currency markets? The economic calendar is light this week, with very few tier-1 events scheduled.

10-08-2022 06:34 GMT by Kenneth Fisher

Oil falls under $90, gold rises ahead of US CPI

Oil slips amid positive nuclear talks and a surprise inventory build Oil prices are slipping again on Wednesday with WTI dropping back below $90 a barrel amid positive noises coming from the Iran nuclear talks. I don't think we're at the optimistic stage yet as we've seen talks break down before when a deal appears close but it's looking more promising than it has for many months.

10-08-2022 04:58 GMT by Craig Erlam

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