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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

Japanese yen stable around 130, Fed hike ahead

It was a dismal week for the Japanese yen, as USD/JPY climbed for an eighth successive week. In the European session, USD/JPY is trading quietly at the symbolic 130 level. Fed expected to hike by 0.50% Japanese markets are closed for a holiday on Tuesday and Wednesday, but it will likely be a busy mid-week for the yen, as the Federal Reserve holds a key policy meeting on Wednesday.

02-05-2022 10:00 GMT by Kenneth Fisher

Aussie stable ahead of RBA decision

It was another tough week for the Australian dollar, as AUD/USD fell 2.53%. In the European session, AUD/USD is trading quietly at 0.7046. All eyes on RBA The RBA will be in the spotlight, as it holds its policy meeting on Tuesday.

02-05-2022 04:54 GMT by Kenneth Fisher

Market Insights Podcast (Episode 324)

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 the surprise contraction with first quarter US GDP, Apple and Amazon earnings, and oil markets, including Exxon and Chevron quarterly earnings reports. They also discuss what the week ahead has in store for financial markets.

29-04-2022 14:55 GMT by Edward Moya

US Close - Stocks tumble after massive tech earnings, Oil surges, Gold rebounds as dollar rally exhausted, Bitcoin struggles

US stocks did not stand a chance after mega-cap tech earnings disappointed and a record quarterly gain for Fed Chair Powell’s closely watched employment cost index. Rate hike bets continue to pile up ahead of next week’s FOMC decision. Surging wage pressures could be what is needed to make the Fed even more aggressive with tightening at the June and July Fed meetings. Tech Earnings Apple shares are under pressure as supply constraints could impact this quarter’s sales by up to $8 billion. I

29-04-2022 14:25 GMT by Edward Moya

Week Ahead - Unfashionably late

A blockbuster week in store in financial markets and one that begins with bank holiday's across various countries. Throw in Chinese PMI data over the weekend and it could be a lively start to trading on Monday.

29-04-2022 14:13 GMT by Craig Erlam

Gold - Plunges on stronger dollar

OANDA Senior Market Analyst Craig Erlam discusses gold's drop which came as the dollar continued to soar.

29-04-2022 10:18 GMT by Craig Erlam

Oil edges higher, gold vulnerable

Oil edges higher as EU moves closer to a Russian oil embargo It seems the EU is moving closer to an oil embargo which some may argue is overdue in light of Russia's aggression in Ukraine. Naturally, the devil will be in the detail but the moves we're seeing in crude prices suggest the small print won't live up to the headlines.

29-04-2022 08:13 GMT by Craig Erlam

A wild ride

It's been another wild ride in the markets this week but indices are on course to end it roughly where they started. There has been a lot to digest this week, not least from companies themselves, with big tech the focus on the earnings front. We're continuing to see some decent reports, albeit with the odd blip along the way. Amazon was the latest to catch Wall Street off guard, reporting its first loss since 2015 amid a multitude of challenges facing the company.

29-04-2022 08:09 GMT by Craig Erlam

Euro rebounds on strong GDP, inflation data

The euro has bounced back on Friday with strong gains, ending a nasty 6-day losing streak. In the European session, EUR/USD is trading at 1.0565, up 0.64% on the day. German GDP up 4.0% It has been a rough road for the euro, which hit a 5-year low this week as it broke below the 1.05 line.

29-04-2022 06:28 GMT by Kenneth Fisher

Japanese yen stabilizes around 130

Another week has meant more losses for the Japanese yen, as USD/JPY punched above the symbolic 130 line for the first time in 20 years. How badly is the yen doing?

29-04-2022 04:32 GMT by Kenneth Fisher

Oil jumps on ban concerns, gold edges up

Europe/Russia oil ban fears lift oil prices Oil markets rallied overnight and are also having a “wax-on, wax-off” week as they are bounced between China slowdown fears, and European energy bans, be they Russia or European-derived. Overnight, it was the energy bans that won the day as reports emerged that Germany and Hungary had moved into the ban on Russian oil imports camp.

29-04-2022 03:48 GMT by Jeffrey Halley

Asian equity markets are cautiously higher

Asian equity markets are cautiously higher this morning ahead of a barrage of holidays next week. Although US index futures have fallen in Asia today after Amazon and Apple fell in extended trading, regional markets clearly fell the outsized gains in the official Wall Street session overnight outweigh those risks for now. US futures fall after earning reports Wall Street rallied powerfully in the official session as the tail-chasing FOMO gnomes decided that the world wasn’t going to end, despite

29-04-2022 03:31 GMT by Jeffrey Halley

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