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US dollar pares gains from NFP report Friday’s higher Non-Farm Payroll data saw the US dollar reverse much of its losses from Thursday, characterising a very choppy back-and-forth week last week. The dollar index rose by 0.40% to 1.0217, leaving the index slightly higher for the week.

06-06-2022 05:23 GMT by Jeffrey Halley

Asian equities rise on Beijing reopening

Asian markets rise as China eases restrictions Friday’s higher than expected US Non-Farm Payrolls saw Wall Street make an abrupt retreat as easier Fed hiking hopes on a slowing economy were dashed, although I’d argue a slowing US economy wouldn’t be good for equities either. The S&P 500 finished 1.63% lower, the Nasdaq tumbled by 2.47%, and the Dow Jones fell by 1.06%. In Asia, an easing of restrictions in Beijing, along with reiterations of easy monetary policy in Japan has shielded Asia f

06-06-2022 05:00 GMT by Jeffrey Halley

Beijing reopening dulls non-farm retreat

US nonfarm payrolls beats expectations Wall Street had another schizophrenic day on Friday as May US Non-Farm Payrolls outperformed, rising by 390,000 jobs, slightly less than April’s number, but well above market forecasts of 325,000. That sparked yet another tail-chasing reversal across asset classes as US markets continue to desperately search for “peak-hiking” from the Fed and return to their buy-everything happy space, an illness caused by endless rounds of quantitative easing and ultra-lo

06-06-2022 04:40 GMT by Jeffrey Halley

Market Insights Podcast (Episode 337)

Jonny Hart speaks to APAC Senior Market Analyst Jeffrey Halley about news impacting the market and the week ahead. With Jonny returning from a four day holiday to celebrate Her Majesty's platinum jubilee, it's time to look at the week ahead for financial markets. First of all, though, we glance back to the market reaction to last Friday's US Non-Farm Payrolls.

06-06-2022 02:48 GMT by Jeffrey Halley

Week Ahead - ECB to set up a July hike and US inflation nears peak

A strong nonfarm payroll report means that the Fed won’t be pausing their interest rate hiking campaign anytime soon. The May employment report was impressive, but it will likely be the last strong one we will see in a while.

03-06-2022 14:11 GMT by Edward Moya

Gloominess persists after Robust Jobs report and Musk’s Super Bad Feeling, Oil's strong week , Gold eases, Bitcoin below $30,000

Robust hiring in May pretty much guarantees the Fed will move forward with a couple half-point rate hikes at the next two meetings. US stocks edged lower as the latest employment report showed slower job growth and potentially softening inflation, but still keeps the door open for the Fed to continue with its rate hiking campaign well beyond the summer.

03-06-2022 11:20 GMT by Edward Moya

Aussie slips after strong NFP report

The Australian dollar has reversed directions on Friday. AUD/USD is trading at 0.7225, down 0.55% on the day. US nonfarm payrolls are traditionally the highlight of the week, but the Ukraine war, spiralling inflation and surging oil prices have taken up much of the market's attention.

03-06-2022 09:00 GMT by Kenneth Fisher

Oil rebounds, gold rises

Oil stages spectacular reversal higher A disappointing outcome from the OPEC+ meeting (for consumer nations), saw oil’s selloff in Asia yesterday completely reversed plus interest. Markets were disappointed when OPEC+ only agreed to hike production to 650,000 bpd for the next two months, instead of more structural increases from OPEC to cover the Russian shortfall.

03-06-2022 04:23 GMT by Jeffrey Halley

US dollar loses all of its previous gains

US dollar eyes nonfarm payrolls There was a wax on, wax off feel to currency markets overnight. Soft ADP Employment data spurring a risk-on rally across asset classes as the Fed hiking outlook was tempered.

03-06-2022 04:16 GMT by Jeffrey Halley

Dude, where’s my oil?

OPEC+ agrees to increase output The most anticipated OPEC+ meeting of the year turned out to be a damp squib in the end. OPEC+ agreed to increase output in July and August to 648,000 bpd from the previously agreed 432,000 bpd, with the increased allocation spread across all its members, including, you guessed it, Russia.

03-06-2022 03:56 GMT by Jeffrey Halley

Oil surges after modest OPEC+ boost and bullish EIA report, gold surges

Oil The Saudis pulled it off again. They managed to keep both the Russians and Americans somewhat happy, while boosting production targets without triggering a collapse in oil prices. The oil market will still remain tight given the production boost is modest at best. Hikes for both July and August will be 50% higher at 648,000 bpd.

02-06-2022 16:12 GMT by Edward Moya

Investors focus on Fed path, stocks were oversold, bitcoin above USD 30k

US stocks are playing a game of dizzy bat (players place a baseball bat on the ground and spin 10 times) as traders remain divided with recession calls and when the Fed could be in a position to pause their interest rate hikes. Hopes for a less aggressive tightening campaign by the Fed improved after a wrath of economic data suggests the economy is softening and that inflation is cooling.

02-06-2022 16:07 GMT by Edward Moya

Euro rebounds on PMIs

The euro has posted gains and pushed above the 1.07 line on Thursday. In the North American session, EUR/USD is trading at 1.0702, up 0.48% on the day. Eurozone grapples with high inflation, low growth German and European Manufacturing PMIs were within expectations, pointing to continued expansion.

02-06-2022 09:45 GMT by Kenneth Fisher

Australian dollar higher on solid data

The Australian dollar is showing some jump. AUD/USD has punched above the 0.72 level today and has posted gains of 0.59%, as it trades close to 1-month highs. Australian releases were positive, giving the Aussie a strong boost.

02-06-2022 08:54 GMT by Kenneth Fisher

Swiss franc rises on higher inflation

The Swiss franc is slightly higher on Thursday. USD/CHF is trading at 0.9596, down 0.39% on the day. Those of us who think "staid and steady" when the Swiss franc comes to mind will be forgiven for not recognizing the currency lately.

02-06-2022 07:07 GMT by Kenneth Fisher

Oil slides on OPEC+ report, gold steady

Oil sinks in Asia on FT/OPEC+ story Oil prices have fallen in Asia today after the Financial Times ran a story that Saudi Arabia has indicated to western allies that it could raise oil production if Russian output fell substantially. Overnight, oil gave back all its gains after a WSJ story released yesterday morning suggested that OPEC+ might exempt Russia from its production quotas. Taken in totality, today's OPEC+ meeting is assuming far greater importance for global markets than the US Non-Fa

02-06-2022 04:59 GMT by Jeffrey Halley

US dollar soars versus euro and sterling

US dollar rises on strong data, Fed expectations The dollar index leapt higher overnight, thanks in part to the heavy weighting of the euro and yen in it, which slumped against the greenback. Robust US data and an ensuing extinguishing of hopes that the Fed would need to ease hiking expectations were behind the US dollar rally.

02-06-2022 04:49 GMT by Jeffrey Halley

Asia markets follows the leader

Asian equity markets dip Asian equity markets are lower today as a thin data calendar and slow news ticker leave them content to produce another follow-the-leader session, coat-tailing the direction of overnight US markets. Robust US data overnight reinforced Fed hiking expectations which saw US equities fall once again.

02-06-2022 04:06 GMT by Jeffrey Halley

What’s the good oil?

Oil slides on OPEC+ report Oil markets are on the move this morning, with oil prices dipping by 2.0% in early trading after the Financial Times reported that Saudi Arabia has indicated to western allies it could raise production to cover any substantial fall in Russian production. That follows on from my comments yesterday that this week's OPEC+ meeting later today could be a pivotal one if Russia is given an exemption from its production quotas, which would allow the two main swing producers, S

02-06-2022 03:54 GMT by Jeffrey Halley

Gold - Gathering momentum?

Or a failed recovery? Gold fell heavily between the middle of April and May but then started to recover as interest rate expectations were pared back. How sustainable is the recovery? It ran into trouble quite quickly around $1,870, at which point it struggled to gather any upward momentum.

01-06-2022 20:02 GMT by Craig Erlam

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