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Markets continue to price that the worst is over for US bond markets and that the end of Fed rate hikes will occur sooner as the economy in the US, and elsewhere, slow sharply in H2 2022. US stock markets had a banner week based on that theory, which continued Friday with Wall Street posting another day of sharp gains. Equity markets rally on recession expectations It is not just US yields that have retreated sharply over the last week, oil retreated, and this month, industrial metals have taken

27-06-2022 04:04 GMT by Jeffrey Halley

Market Insights Podcast (Episode 346)

Disconnect or Rebound? Jonny Hart speaks to APAC Senior Market Analyst Jeffrey Halley about news impacting the market and the week ahead. It's another blockbuster episode today, and we are covering a LOT of ground. Firstly, the stock markets are rallying impressively despite recession expectations rising.

27-06-2022 03:27 GMT by Jeffrey Halley

Week Ahead - Welcome relief

Financial markets enjoyed a little reprieve last week following a raft of central bank announcements the week before. Next week sees the focus remain on policymakers, with many set to appear at the ECB Forum on Central Banking in Portugal. Recessions have gone from being a potential consequence of high inflation and rapid monetary tightening to an increasingly likely scenario.

24-06-2022 21:14 GMT by Craig Erlam

Market Insights Podcast (Episode 345)

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 Fed Chair Powell's two day's of testimony to Congress, oil prices, and discuss the crypto markets. They also discuss what the week ahead has in store for financial markets.

24-06-2022 13:28 GMT by Edward Moya

Mid-Market Update: Stocks rally on easing inflation expectations and Bullard's optimism, Oil rallies, Gold remains a choppy trade, Bitcoin edges higher

US stocks are rallying after a key survey showed inflation expectations are easing and following Fed Bullard’s optimistic comments about the economy. Hopes that inflation is peaking and that the economy is still on solid footing has some investors confidently buying up heavily discounted stocks. It seems Wall Street is starting to believe that even if the economy has a recession, it will be a short one. This could still be a bear market rally, but that might change if we get some less pessimist

24-06-2022 13:26 GMT by Edward Moya

Euro drifting as German confidence dips

It has been a relatively quiet week in the currency markets, and the limited activity has continued today, with the euro unchanged. German consumer confidence drops Germany, the bellwether for the eurozone, continues to churn out weak numbers, raising concerns that the bloc could be headed toward a recession. German ifo Business Climate dipped to 92.3 in June, down from 93.0 in May (92.8 est.) Germany and the rest of the eurozone remain vulnerable to negative economic factors which, unfortunat

24-06-2022 08:05 GMT by Kenneth Fisher

Sterling rises despite weak UK data

UK retail sales decline again The pound has edged higher today, shrugging off soft UK releases. Retail sales for May fell 0.5%, and declined 4.7% YoY, below the estimate of -4.5% (-5.7% prior).

24-06-2022 07:25 GMT by Kenneth Fisher

A week of consolidation

A week of consolidation in stock markets after last week's rout, with Europe looking to end the week with small gains. It hasn't been the blockbuster week that last was. But that's only natural, last week we had a wrath of big central bank meetings and rate announcements.

24-06-2022 06:50 GMT by Craig Erlam

Japanese yen's rally takes pause

The Japanese yen is almost unchanged on Friday, trading at the 135.00 line. Lower US yields boost yen The Japanese yen showed some strength yesterday, gaining around 1% against the dollar. The yen's improvement was a mechanical response to lower US yields rather than any positive factors related to the yen.

24-06-2022 05:52 GMT by Kenneth Fisher

Oil almost unchanged, gold falls

Oil prices are noisy but unchanged Oil prices had another noisy overnight session, trading in wide intraday ranges. Ultimately, as the dust settled, both Brent and WTI finished almost unchanged for the second day in a row.

24-06-2022 04:49 GMT by Jeffrey Halley

Dollar trading sideways

Currency markets continue their sideways trading Currency markets remained steady once again overnight and seem to be finding the back-and-forth histrionics in the stock and bond markets a bit tiresome. Currency markets seem to be adopting a step out of the noise, wait-and-see approach into the end of the week.

24-06-2022 04:39 GMT by Jeffrey Halley

Asian markets higher as Wall Street climbs

Asian equities are content to follow Wall Street’s rally Wall Street booked another session of decent overnight gains as somewhat counteractively, lower US yields on recession fears prompted more equity buying. The S&P 500 rose by 0.95%, the Nasdaq jumped 1.62% higher, while the Dow Jones gained 0.66%.

24-06-2022 04:28 GMT by Jeffrey Halley

Markets are betting the Fed has it wrong again

Markets pricing in a US recession The second day of Jerome Powell’s semi-annual testimony on Capitol Hill passed without incident, in contrast with the frenzy on Wednesday. He reiterated an unconditional commitment to fight inflation by the Federal Reserve, but markets instead continued to price in a recession, stopping rate hikes in their tracks much sooner.

24-06-2022 04:17 GMT by Jeffrey Halley

Oil slides again, gold vulnerable to technical selling

Oil falls as demand eases Oil prices softened after softer economic data in the US and Europe confirmed fears that crude demand destruction is happening. The oil market however remains very tight and declining production should prevent prices from falling below the USD 100 a barrel level.

23-06-2022 16:33 GMT by Edward Moya

Stocks edge higher post Fed speak

US stocks edged higher after another round of hawkish comments from the Fed and as US economic data softens but provides no reason for the Fed to abandon its firm commitment to bring down inflation. Traders are still optimistic that even if the economy has a recession, it will be a short one.

23-06-2022 16:29 GMT by Edward Moya

Market Insights Podcast (Episode 344)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discuss Jerome Powell's comments in Congress, UK inflation, the CBRT rate decision and the latest gas situation in Europe.

23-06-2022 11:52 GMT by Craig Erlam

Choppy trading continues

It's been a rather choppy week in financial markets and we're seeing that reflected again on Thursday, with European stocks back in negative territory after recovering losses earlier. Equity markets have fallen heavily over the last couple of weeks as aggressive tightening and heightened recession fears weigh heavily on risk appetite. They may now be establishing a temporary bottom as yields ease off their highs but don't get too excited.

23-06-2022 10:35 GMT by Craig Erlam

Pound drifting ahead of UK retail sales

Markets brace for soft retail sales It continues to be a quiet week for the British pound. That could change on Friday, with the markets bracing for more bad news from retail sales data for May.

23-06-2022 10:19 GMT by Kenneth Fisher

Japanese yen eyes inflation report

The Japanese yen is in positive territory today, extending its gains from yesterday. USD/JPY is trading at 135.46 in the European session, down 0.56% on the day. Yen rises as US yields dip The yen has gained a bit of strength as USD/JPY is back below 136.00, after rising close to 136.71 earlier in the week, its highest level since September 1998.

23-06-2022 08:14 GMT by Kenneth Fisher

Euro slips on weak PMIs

The euro is in negative territory on Thursday and has pared most of this week's gains. EUR/USD is trading just above the 1.05 line in the European session, down 0.58% on the day. German, eurozone PMIs soften Today's German and eurozone PMIs indicated slower activity in May, which reflects weaker economic activity.

23-06-2022 06:48 GMT by Kenneth Fisher

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