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Oil prices crushed overnight Oil prices fell heavily overnight as the Fed stability report highlighted recession risks for the US and other countries, and the China slowdown story gathered momentum. President Putin declining to declare an official war on Ukraine also removed a risk factor supporting prices.

10-05-2022 05:10 GMT by Jeffrey Halley

Asian equities follow Wall Street lower

Asian markets fall, ex-China Wall Street suffered another day of recession fears overnight, with equities slumping once again, relying on Bostic’s comments to salve the wounds and cap US yield rises and the US dollar rally. The S&P 500 retreated by 3.20%, with the Nasdaq slumping by 4.29%, and the Dow Jones losing 1.97%.

10-05-2022 04:55 GMT by Jeffrey Halley

Rinse and repeat

Wall Street fall on recession jitters Today is looking remarkably like a rerun of yesterday, especially in US markets. Equities slumped once again, led by the Nasdaq, as did oil and bitcoin.

10-05-2022 04:46 GMT by Jeffrey Halley

Crude prices tumble, gold vulnerable to more pain

Oil slides on China jitters Oil prices are dropping fast as crude demand destruction fears grow given China’s COVID situation and the de-risking event happening with US stocks. An imminent embargo on Russian energy seems unlikely as the EU continues to work on gaining Hungary’s approval.

09-05-2022 13:33 GMT by Edward Moya

Stock selloff resumes, bitcoin nears USD 30k

Risk aversion sends Wall Street lower Wall Street remains uninspired to ‘buy the dip’ as inflation seems poised to remain stubbornly high, which will force the Fed to tighten policy to levels that will jeopardize the soft landing most traders were expecting. No one can confidently answer the question of when stocks will hit the bottom, but if the options market is the primary focal point for many traders, that could suggest downward pressure on stocks could last a while longer. Too many invest

09-05-2022 13:30 GMT by Edward Moya

Japanese yen hits 20-year low

The Japanese yen is slightly lower at the start of the week. In the Asian session, the yen fell as low as 131.35, which marked a 20-year low. Will BoJ step in to defend the yen? The speed of the Japanese yen's depreciation has been remarkable, falling 12% against the US dollar in just three months.

09-05-2022 09:52 GMT by Kenneth Fisher

Euro steady after G-7 pledge oil ban

G-7 commits to ban Russian oil The euro has started the week quietly, although there have important developments in the West's sanction battle with Russia. On Sunday, G-7 leaders pledged to phase out or ban the import of Russian oil. As the war in Ukraine continues, the West has ratcheted up its sanctions against Moscow.

09-05-2022 07:34 GMT by Kenneth Fisher

Oil, gold looking for direction

Oil prices trade sideways Oil prices booked modest gains on Friday night after an on-target US Non-Farm Payroll release suggested that the US economy continues to perform well. Brent crude rose 1.86% to USD 113.05, and WTI rose by 1.80% to USD 110.50 a barrel.

09-05-2022 04:09 GMT by Jeffrey Halley

Risk-aversion lifts US dollar in Asia

China concerns boost the US dollar The US dollar booked some modest gains post-Non-Farm Payrolls on Friday, but the dollar index resistance zone at 104.00 held once again. The dollar index finished 0.11% higher at 103.66 having traded in a wide range intra-day.

09-05-2022 03:52 GMT by Jeffrey Halley

Equities dip, dollar up on China nerves

China tightens lockdown in Shanghai Asian equity markets are off to a bad start today, although the US dollar has been steadily rising versus Asian currencies, and the risk-sentiment barometers, the Australian and New Zealand dollars are having a tough day at the office. There is no one theme that is causing Asian equities to crate, but if I had to pick one, it would be that concerns over the depth of the China slowdown are accelerating, with virus restrictions tightening in Beijing and apparent

09-05-2022 03:42 GMT by Jeffrey Halley

Market Insights Podcast (Episode 328)

Jonny Hart speaks to APAC Senior Market Analyst Jeffrey Halley about news impacting the market and the week ahead. After the data frenzy of last week, this one seems pedestrian by comparison. But beware, there are plenty of geopolitical risks out there and we have a football team of Fed speakers to shake things up this week. We start the Podcast with a wrap of Asian markets which are under pressure today as China slowdown worries really start to compound.

09-05-2022 03:13 GMT by Jeffrey Halley

Week Ahead – Volatile Markets

Every asset class has been on a rollercoaster ride as investors are watching central bankers all around globe tighten monetary policy to fight inflation. Financial conditions are starting to tighten and the risks of slower growth are accelerating.

06-05-2022 19:11 GMT by Edward Moya

Market Insights Podcast (Episode 327)

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 discuss how financial markets reacted to another strong nonfarm payroll report, the FOMC decision, what happened in the oil market, and why cryptos crashed. They also discuss what the week ahead has in store for financial markets.

06-05-2022 17:42 GMT by Edward Moya

US Close: Another strong employment report, Wages growth slows, Stocks volatile, Oil rallies, Gold steadies

US stocks appear to be on a permanent rollercoaster ride as investors debate continued signs of a strong economy alongside rising rates, which remains a drag on higher valuation companies. For Wall Street to remain fully confident in piling back into stocks, inflation needs to be showing signs it is easing and that is not happening yet.

06-05-2022 16:15 GMT by Edward Moya

Sterling falls below 1.23

The British pound has stabilized on Friday, after sustaining huge losses a day earlier. GBP/USD is trading at 1.2342 in the European session, down 0.11%.

06-05-2022 06:12 GMT by Kenneth Fisher

Equities make a U-turn, head south

New York slump sends Asian equities lower New York equity markets did a massive volte-face overnight and decided that Jerome Powell had been hawkish after all and that higher rates and recession risks were a higher possibility. The Wednesday relief rally vanished into thin air as US stock markets saw every sector in every index get thrashed.

06-05-2022 03:54 GMT by Jeffrey Halley

Oil trades sideways, gold pares gains

Oil prices trade sideways After initially leaping higher after the proposed EU ban on Russian oil was released, oil markets have spent the past two sessions consolidating those gains. Overnight, oil traded in a wide and choppy range, but ultimately, Brent crude finished just 0.80% higher at USD 110.95, and WTI rose 0.95% to USD 108.55 a barrel.

06-05-2022 03:47 GMT by Jeffrey Halley

US dollar regains its losses

US dollar rebounds on risk aversion The US dollar reversed higher, unwinding all its post-FOMC losses as risk aversion swept other asset markets and US 10-year yields rose and closed above 3.0%. Support at 102.50 held beautifully on a closing basis, signalling more US dollar gains ahead.

06-05-2022 03:32 GMT by Jeffrey Halley

Bear market Friday

Equity markets take a tumble It’s a little hard to know where to start today after a massive risk aversion wave swept markets overnight, so let’s start where I believe the rot really began, the Bank of England policy decision overnight. The Bank of England raised rates by 0.25% to 1.0% in a split decision (three members wanted 0.50%), which was in line with expectations.

06-05-2022 03:08 GMT by Jeffrey Halley

NZD falls right back down

The New Zealand dollar has reversed directions on Thursday and is sharply lower. In the North American session, NZD/USD is trading at 0.6418, down a massive 1.90% on the day. US dollar rebounds after FOMC The New Zealand dollar is showing plenty of volatility.

05-05-2022 11:28 GMT by Kenneth Fisher

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