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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

Nerves ahead of US inflation

We're seeing plenty of apprehension ahead of the US inflation report on Wednesday, with Asia in the red and Europe following suit. It's impossible to get away from the fact that the inflation report has held the markets back this week. There's clearly a desperate desire to be more optimistic about the outlook; that's evident from the scale of the recovery already seen in equity markets despite there being seemingly little to celebrate. But the jobs report on Friday following on from the Fed comm

10-08-2022 04:51 GMT by Craig Erlam

Oil pops, gold strong heading into inflation report

Oil Crude prices surged after Russian oil supplies were halted to Eastern Europe. A simple disruption that stemmed from Western sanctions that do not allow accepting transit fees from Moscow reminded us of how quick the oil market can tighten.

09-08-2022 15:07 GMT by Edward Moya

Tech stocks lower after Micron's warning, NFIB all about inflation, Housing Market cools, Oil pops,Bitcoin stuck in range

US stocks edged lower after a round of economic data reminded Wall Street that stagflation is here. Stocks won’t be able to do much as summer trading volumes are here and ahead of a pivotal inflation report. Tech stocks continue to weaken after another semiconductor maker delivered a revenue warning.

09-08-2022 15:04 GMT by Edward Moya

Euro extends gains

The euro continues to move higher early in the week. In the North American session, EUR/USD is trading at 1.0240, up 0.47% on the day. The US dollar, which has been on a downward correction recently, flexed some muscles on Friday, after a superb nonfarm payrolls report, and posted broad gains. However, the gains proved to be short-lived, and the euro has now recovered all of Friday's losses. Fed officials were already pushing back against the market's perception that the rate-hike cycle was a

09-08-2022 09:47 GMT by Kenneth Fisher

Pound edges higher, markets eye US inflation

The British pound has posted slight gains today. GBP/USD is trading in the European session at 1.2106, up 0.21% on the day. The economic calendar has been light so far this week.

09-08-2022 07:43 GMT by Kenneth Fisher

Aussie rally takes breather

In the European session, the Australian dollar is trading at 0.6991, up 0.10% on the day. This follows massive gains on Monday, when AUD/USD soared 1.04% and briefly pushed above the symbolic 70 level. The US dollar's recent rally has fizzled, but don't count Uncle Sam out.

09-08-2022 05:59 GMT by Kenneth Fisher

Oil dips lower, gold eyes US inflation

Oil edges lower as Vienna talks conclude Oil prices are marginally lower on Tuesday after recovering slightly at the start of the week. All of the talk of recession has caught up with crude prices over the summer, forcing a substantial correction that will be welcomed by those looking on in horror as they fill their cars. The question is how sustainable $90 oil is when the market remains very tight and OPEC+ is only willing to make small moves in order to address it.

09-08-2022 04:56 GMT by Craig Erlam

Lacking direction

Equity markets are lacking any real direction in Asia and that appears to be carrying into the European session as well. Europe is seeing minor losses on the open, offsetting some of the small gains in choppy trade at the start of the week. This follows a similarly choppy session in the US on Monday as the Dow flirted with exiting correction territory and the Nasdaq bear market territory. We may have reached a point in which investors need to decide whether they truly buy into the recovery/no re

09-08-2022 04:50 GMT by Craig Erlam

US Close - Stock rally faded, Nvidia's warning, Oil rebounds, Gold above $1800, and Bitcoin eyes breakout

With persistent inflation and a strong labor market, the Fed is on a clear path to raise rates. This week is all about inflation and many traders are expecting to see the inflation to decelerate.

08-08-2022 16:23 GMT by Edward Moya

Market Insights Podcast (Episode 362)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discuss how the week has started in the markets, Chinese trade data and what to look out for in the coming days.

08-08-2022 15:56 GMT by Craig Erlam

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