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The euro is under pressure and is trading at 1.0557, down 0.58% on the day. This follows a spectacular session on Wednesday, when EUR/USD jumped 0.94%, its best one-day showing since March. German Factory Orders slide German factory orders plunged 4.7% MoM in March, after a decline of 0.8% in February.

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

Oil jumps on EU ban, gold rises after Fed

Oil prices leap on EU oil ban Oil prices leapt higher overnight as markets digested the impact of the proposed EU ban on Russian oil imports. Additionally, the OPEC+ JTC is indicating that there will be no change in the monthly schedule of production increases, with some members in fact noting that China's demand has slumped. Brent crude rose by 4.05% to USD 111.10 overnight, with WTI climbing by 3.90% to USD 107.55 a barrel.

05-05-2022 05:19 GMT by Jeffrey Halley

US dollar retreats after Fed hike

US dollar slumps after as-expected FOMC A holiday in Japan will limit FX volumes in the region today. Overnight, the US dollar slumped after the FOMC hiked the Fed Funds by 0.50% as expected and signalled that 0.50% hikes are coming in the next two meetings.

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

Asia equities rise as China returns

Asian markets rise after Fed hike Overnight, Wall Street saw a powerful relief rally as the Federal Reserve hiked by 0.50% as expected while downplaying the risks of 0.75% hikes ahead. That saw pent-up bottom fishing demand propel the S&P 500 2.99% higher, the Nasdaq rallying 3.19%, while the Dow Jones gained 2.80%.

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

PMI shocker from China

The extent of the impact of China’s Covid-zero policies on the domestic economy was highlighted this morning as the Caixin Services PMI for April recorded its second-largest fall on record. Caixin Services PMI fell from 42 to 36.2.

05-05-2022 04:43 GMT by Jeffrey Halley

Pound drifting ahead of Fed, BoE meetings

The British pound is showing little movement for a second straight day, as GBP/USD trades just below the 1.25 level. BoE expected to raise rates Nobody can accuse the BoE of lacking an aggressive policy, although perhaps it should have done so earlier. The central bank has hiked rates at three straight meetings, and the streak is expected to continue at the May meeting on Thursday.

04-05-2022 11:29 GMT by Kenneth Fisher

NZ dollar steady after solid jobs report

The New Zealand dollar is in positive territory on Wednesday, as the currency looks for its first winning session since April 20th. Strong jobs report boosts New Zealand dollar The New Zealand labour market remains robust, as confirmed by the Q1 employment report. The unemployment rate remained at a record low of 3.2%, matching expectations.

04-05-2022 10:28 GMT by Kenneth Fisher

Euro flat ahead of FOMC meeting

Fed expected to hike by half-point The Fed holds its policy meeting later today, and any move other than a half-point hike would be a huge surprise. A half-point increase is significant, as it will mark the Fed's largest rate increase in 20 years and demonstrates that the Fed is determined to lower inflation.

04-05-2022 08:30 GMT by Kenneth Fisher

Market Insights Podcast (Episode 325)

Jonny Hart speaks to APAC Senior Market Analyst Jeffrey Halley about news impacting the market and the week ahead. Steeping in for a vacationing Craig Erlam, we have a blockbuster episode today. We start with the upcoming FOMC and Bank of England rate announcements and their implications for the market.

04-05-2022 06:27 GMT by Jeffrey Halley

Oil and gold keep eye on FOMC meeting

Asian oil markets trade sideways ahead of the FOMC News that OPEC compliance had reached 164%, i.e., they can’t even pump the quotas they have agreed, failed to lift oil markets in Asia. Oil prices are almost unchanged thanks to a mainland China and Japan holiday today.

04-05-2022 03:36 GMT by Jeffrey Halley

Dollar on hold ahead of FOMC

Asian currency markets trade sideways ahead of the FOMC Holidays in Japan and mainland China are torpedoing volumes and volatility in Asia currencies markets today, with the region content to remain in a holding pattern ahead of tonight’s FOMC. Overnight, the dollar index traded in quite a wide range, moving lower intraday as the euro made an unsuccessful recovery attempt.

04-05-2022 03:30 GMT by Jeffrey Halley

Asian markets on hold with Fed on deck

Asian equities trade sideways ahead of the FOMC New York markets had another choppy, but ultimately directionless session overnight. The main indexes crawled to a positive close after the US 10-year yield slid back below 3.0%, having climbed above it earlier in the session.

04-05-2022 03:24 GMT by Jeffrey Halley

Waiting for The Fed

Markets are trading sideways in Asia, a continuation of the price action seen in New York, as the entire world awaits the outcome of the FOMC rate decision this evening. Asian turnover is being further muted by a long week of holidays this week.

04-05-2022 03:16 GMT by Jeffrey Halley

Oil dips, gold rebounds

Oil Crude prices are declining as Beijing tightens up their Covid controls and as tanker-tracker data showed Russian crude flows increased. Energy traders are not convinced that the EU will be able to move forward with an embargo on Russian oil. Oil seems to have major support around the USD 100 level as OPEC+ seems poised to rubber-stamp next month’s output increase target that they probably won’t hit.

03-05-2022 14:20 GMT by Edward Moya

Stocks steady ahead of Fed, bond yields hit key levels, bitcoin struggles

Fed expected to hike by 0.50% US stocks are steadying ahead of a pivotal Fed decision that will deliver the largest rate hike since the start of the millennium. Wall Street knows the next few months could be rather challenging given the current forces of inflation and all the uncertainty with energy prices and supply chain issues. Despite all the risks to economic growth, investors are still mostly optimistic that stocks will finish much higher by the end of the year. Market volatility is

03-05-2022 14:15 GMT by Edward Moya

NZD stabilizes ahead of jobs report, Fed

It has been a nasty slide for the New Zealand dollar, which has posted eight successive losing sessions. NZD/USD is in positive territory today, but the currency remains vulnerable. New Zealand employment report next New Zealand releases the employment report for Q1 on Thursday.

03-05-2022 11:44 GMT by Kenneth Fisher

Euro rises, Fed meeting looms

The euro is in positive territory on Tuesday. EUR/USD is trading at 1.0568 in the European session, up 0.57% on the day. Fed likely to raise rates by half-point All eyes are on the Fed, which is expected to raise rates by a half-point at the Wednesday meeting.

03-05-2022 08:56 GMT by Kenneth Fisher

Aussie jumps after RBA rate surprise

After a nasty slide over the past two weeks, the Australian dollar has rebounded sharply on Tuesday. AUD/USD is trading at 0.7111 in the European session, up 0.84% on the day. RBA surprises with 0.25% hike As expected, the RBA raised rates for the first time since November 2011.

03-05-2022 04:24 GMT by Kenneth Fisher

US Close - Stocks turn positive after bond market selloff overdone, Oil finds major support at $100 level, Gold pummeled, Bitcoin hovers

Wall Street still seems hesitant to ‘buy the dip’ after another round of soft economic data and on fears the market might not be pricing in enough Fed hawkishness. The bond market delivered another major move with the 10-year Treasury peaking just above the 3.00% level. The S&P 500 wasn’t ready to break the critical 4,000 level just yet, which could suggest stocks are ready for the typical consolidation that happens before a key Fed decision. Fed On Wednesday, the Fed will debate a 75-basis p

02-05-2022 16:45 GMT by Edward Moya

Euro struggles at 5-year lows

EUR/USD suffered a dismal week, plunging 2.33%. The euro broke below the 1.05 line on Thursday but has managed to recover. The ECB doesn't meet until June, but policy makers will be closely monitoring eurozone inflation, which continues to climb.

02-05-2022 11:08 GMT by Kenneth Fisher

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