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Asian markets rally on positive Wall Street and China hopes US markets closed out the week on another positive note after US data alleviated inflation fears and thus, future Fed tightening, and showed strength among US consumers still. Realistically, after such a positive week, it would have taken a lot to knock the FOMO gnomes of Wall Street off their path of bottom-picking nirvana.

30-05-2022 04:47 GMT by Jeffrey Halley

China Covid hopes boost Asia

Asian markets are mostly positive this morning as Shanghai announced a raft of stimulus measures and both Shanghai and Beijing eased Covid-19 restrictions. The devil is in the detail of course, and workers in both cities still face challenges either going to work, or even being allowed to leave the house.

30-05-2022 04:24 GMT by Jeffrey Halley

Market Insights Podcast (Episode 335)

Jonny Hart speaks to APAC Senior Market Analyst Jeffrey Halley about news impacting the market and the week ahead. It's June already and a blockbuster week for data releases around the world. First of all, we take a look back at last Friday's impressive US equity close.

30-05-2022 03:09 GMT by Jeffrey Halley

Week Ahead - Another action-packed week

Will the recovery continue? It's likely to be another action-packed week despite numerous countries seeing it shortened by bank holidays. The jobs report is typically the highlight when it comes to the first week of the month but there will be competition from the OPEC+ meeting, Bank of Canada rate decision and inflation data. We've seen a shift in markets over the last couple of weeks, with interest rate concerns being replaced by recession fears and then risk appetite improving after a c

27-05-2022 19:02 GMT by Craig Erlam

Back to winning ways

How sustainable is it? Another positive session in equity markets as bargain hunters are tempted back in to cap off the first winning week in eight in the US. It's been a rough ride and despite this week's performance, there could still be more pain to come. But at these levels, it's only natural that the vultures are circling.

27-05-2022 17:19 GMT by Craig Erlam

Market Insights Podcast (Episode 334)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discuss the latest moves in stocks and oil, as well as the cost-of-living crisis in the UK.

27-05-2022 16:17 GMT by Craig Erlam

AUD hits 3-week high, retail sales climb

The Australian dollar is showing strong gains today. In the European session, AUD/USD is trading at 0.7145, up 0.66% on the day. Australia released retail sales earlier today, salvaging what had been a lacklustre week for Australian releases.

27-05-2022 08:03 GMT by Kenneth Fisher

Canadian dollar higher on retail sales

The Canadian dollar hasn't made any spectacular daily gains since May 13th, when it shot up 1.1%. The currency has, however, made slow but steady progress against its US cousin.

27-05-2022 07:24 GMT by Kenneth Fisher

Improved risk sentiment sends USD lower

US dollar stuck in choppy waters The choppy range trading of the past few session continued overnight as the US dollar swung on day-to-day moves in risk sentiment. A powerful session by Wall Street, along with almost unchanged closes in US bond markets saw improved risk sentiment send the greenback lower overnight.

27-05-2022 06:28 GMT by Jeffrey Halley

Oil rallies, gold trades sideways

Oil rallies sharply Oil prices rallied sharply overnight as markets continued to fret over tight US galena and diesel supplies ahead of the summer driving season. News that President Biden is investigating restarting mothballed US refineries had zero impact on markets.

27-05-2022 06:25 GMT by Jeffrey Halley

Asian markets follow Wall Street higher

Asian equities shrug off weaker China Industrial Profits Wall Street staged a powerful rally overnight thanks to mostly impressive results from US retailers. The S&P 500 rallied by 1.99%, the Nasdaq leapt 2.68%, and the Dow Jones climbed by 1.62%.

27-05-2022 05:09 GMT by Jeffrey Halley

Friendly Friday

Asian equities move higher Asian markets have begun the day in an altogether positive mode after Wall Street outperformed overnight. Driving the equity rally were good results from department store retailers, notably high-end ones.

27-05-2022 04:55 GMT by Jeffrey Halley

Oil higher, gold softens

Oil Crude prices rose as a tight oil market was going to remain in place given the start of the summer driving season was going to keep a downward trajectory for US stockpiles. The EU is struggling to get Hungary on board for the required unanimous support needed for a ban on Russian oil. It still seems possible for the ban to get pushed through, but Hungary will need to have favorable terms. The gains for crude were limited as China’s Premier Li Keqiang delivered a downbeat outlook given the

26-05-2022 11:16 GMT by Edward Moya

Stocks edge higher, better retail earnings, claims improves, crypto bearish sentiment remains

US stocks are rallying as investors viewed both the Fed’s Minutes as a commitment to only gradual tighten policy to fight inflation and after a few retailers provided optimistic outlooks. The Fed locked itself into delivering a couple of half-point rate increases until the Jackson Hole Symposium and that has removed the risk of aggressive tightening in the short term. For some traders, having a strong idea on when the Fed will end its hiking cycle is the key for giving everyone the greenlight

26-05-2022 11:10 GMT by Edward Moya

AUD drifting ahead of retail sales

The Australian dollar started the week with gains of close to one percent, but has been mostly drifting since then. AUD/USD is trading quietly, just below the 0.71 line. It hasn't been a very good week on the Australian release front, raising concerns that the economy may be slowing down.

26-05-2022 10:20 GMT by Kenneth Fisher

Oil steady, gold dips as US dollar rises

Oil markets slumber Oil prices had another comatose session by their standards, barely rising from the day before. Nevertheless, both Brent crude and WTI have held on to all their recent gains, suggesting the weaker side is the upside in prices for now.

26-05-2022 06:13 GMT by Jeffrey Halley

Currency markets are quiet

US dollar edges higher after FOMC minutes The US dollar staged a modest relief rally overnight after the FOMC Minutes came out. Nevertheless, some decent ranges were seen across the majors.

26-05-2022 06:06 GMT by Jeffrey Halley

FOMC minutes settle nerves

FOMC to stick to 50bps moves The FOMC Minutes, released overnight, settled a few nerves temporarily, signalling another couple of 50bps rate hikes in June and July before a pause in September. The dreaded 75bps hike threat was off the agenda and with some slowdowns in recent US data, notably in the housing market, it was enough to spur a relief rally of sorts in US equities and the US dollar. Once again, that is translating to an uneven response by Asian markets thanks to China nerves.

26-05-2022 02:54 GMT by Jeffrey Halley

Oil higher, gold pares losses after minutes

Oil Crude prices were little changed after the EIA crude oil inventory report showed stockpiles are declining again as refiner activity picked up. The Strategic Petroleum Reserve saw a big draw of 6 million barrels, with crude stocks now at the lowest levels in over thirty years.

25-05-2022 16:14 GMT by Edward Moya

Fed minutes confirm half-point hike expectations for next 2 meetings, another round of soft US data, RBNZ hikes again, bitcoin stuck below USD 30k

US stocks edged higher as investors anticipate a quickly weakening economy will force the Fed into tapping the breaks with their tightening cycle. The FOMC minutes are over three weeks old, but they did give a glimmer of hope that they could adjust their policy tightening stance later in the year. The Fed mostly sees 50 basis point increases appropriate at the next couple of meetings as they are behind the curve with fighting inflation. The Fed is optimistic about the economy, but they are

25-05-2022 16:11 GMT by Edward Moya

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