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Oil rises, gold drops below USD 1900

Oil rises in Asia Oil markets were sold heavily overnight on the China risk-aversion trade, as growth fears fed through to lower oil demand calculations. Brent crude fell by 3.45% to USD 102.50 after testing and bouncing off the USD 100.00 a barrel region intraday.

26-04-2022 05:17 GMT by Jeffrey Halley

Dollar dips, but markets cautious

Currency markets remain in risk-aversion mode There was no sign of the modest relief rally spilling into currency markets overnight, with EM and DM currencies on the back foot as the US dollar booked another night of gains. It has taken a rise by China stocks today to spur a gentle US dollar retreat in Asia.

26-04-2022 05:11 GMT by Jeffrey Halley

Asian markets edge higher

Asian equities tentatively follow China higher US equities managed a dead cat bounce overnight as Twitter announced it had accepted a takeover bid from Elon Musk. That lifted the tech space on the Nasdaq sparking a relief rally.

26-04-2022 04:10 GMT by Jeffrey Halley

Beijing blues hold Asia in thrall

Asian markets are showing tentative signs of life today after the sell-everything move lower yesterday. It looks more dead cat bounce than brave new world though as Beijing’s Covid-19 situation has knocked the Ukraine/Russia war, the Federal Reserve, threats of nuclear war from Russia, and even Elon Musk and Twitter off the headlines.

26-04-2022 03:43 GMT by Jeffrey Halley

Market Insights Podcast (Episode 322)

Jonny Hart speaks to APAC Senior Market Analyst Jeffrey Halley about news impacting the market and the week ahead. Risk aversion is sweeping Asia today after a torrid New York session on Friday. China is leading the way as Covid-zero restrictions are tightened in Shanghai and mass testing is enacted in an area of Beijing.

25-04-2022 20:40 GMT by Jeffrey Halley

US Close: Stocks show resilience, Musk and Twitter have a deal, Oil’s demand problem, Gold’s danger zone, Bitcoin above $40k

US stocks were under pressure earlier as investors couldn’t quite summon up the courage to ‘buy the dip’ as global growth concerns were driven as China seems poised they won’t back away from their zero COVID strategy. With no more Fed speak until next week’s policy decision, the bond market selloff was ready for a pause.

25-04-2022 16:35 GMT by Edward Moya

Macron wins, but euro slides

The euro has started the week with sharp losses as it struggles to stay above the 1.07 line. In the North American session, EUR/USD is trading at 1.0717, down 0.73% on the day. Euro woes continue On Sunday, President Emmanuel Macron won a decisive victory over Marie Le Pen of the extreme right, by a score of 58% to 42%.

25-04-2022 10:41 GMT by Kenneth Fisher

Pound under the dollar hammer

The British pound is sharply lower at the start of the week. In the European session, GBP/USD is trading at 1.2739, down 0.77% on the day. Weak UK data, Fed sinks pound The week ended with soft British data, and the pound took it on the chin, sliding 1.44% on Friday.

25-04-2022 08:28 GMT by Kenneth Fisher

BOJ intervention keeps yen steady

The Japanese yen recorded another losing week, a seventh straight if you're counting. USD/JPY is slightly lower at the start of the week, trading at 128.26 in the European session. The Bank of Japan meets on Thursday, but the central bank is keeping busy as it has intervened to cap JGB yields.

25-04-2022 07:04 GMT by Kenneth Fisher

Oil slides, gold falls as dollar rises

Oil falls heavily in Asia Oil markets fell on Friday as risk aversion and China growth fears weighed on prices. Brent crude fell by 2.40% to 106.10, with WTI falling by 2.20% to USD 101.70 a barrel.

25-04-2022 05:11 GMT by Jeffrey Halley

US dollar jumps on Fed, China growth

US dollar soars on risk-aversion The dollar index soared on Friday, as the UK sterling slumped and investor fear around China growth pummelled Asia FX, and Fed rate hike expectations saw a flight to safety. The dollar index leapt 0.50% to 101.11, taking out resistance at 101.00.

25-04-2022 04:56 GMT by Jeffrey Halley

Fed, China, weigh on Asia markets

Asian equities crushed on US hike/China growth fears The week ended sourly on Friday as Wall Street did not pass go and headed directly to jail, even as US yields remained relatively stable. A combination of weekend risk factors and increasing fears that the Fed will accelerate rate hikes torpedoed equities.

25-04-2022 04:10 GMT by Jeffrey Halley

It's just another Manic Monday

It's not often that you associate The Bangles with prescient outlooks on global markets (no disrespect intended Ladies), but as I look across the landscape of the great game in Asia today, the song is humming through my head. The second line of the chorus is even more poignant.

25-04-2022 03:57 GMT by Jeffrey Halley

Gold - Further rallies to come?

Or could we finally see a bearish breakout? The recent rally in gold appeared to be building momentum but just as it did, it ran into firm resistance around $2,000 and it's been downhill since then. The yellow metal may have been supported by higher inflation expectations but yields have continued to rise as traders price in more rate hikes on the back of some very hawkish Fed commentary. Since falling just short of a major breakout, the price has been falling but could things start to look

22-04-2022 19:23 GMT by Craig Erlam

Week Ahead - A bumper start to the week

Big events keep coming It could be an interesting start to the week depending on who wins the second round of elections in France on Sunday. Marine Le Pen has made significant progress over the last five years and the race for the Presidency is expected to be much closer this time as a result.

22-04-2022 17:58 GMT by Craig Erlam

Oil choppy, gold's rough week, bitcoin blow

Oil choppiness continues Oil remains choppy with China and the Fed creating a bit more two-way price action amid very tight markets. The risks are certainly more tilted to the upside, given the war in Ukraine and a potential embargo on Russian exports, but lockdowns in China and the risk of a Fed-driven economic slowdown are also significant. Central banks may be targeting a soft landing while belatedly combating very high inflation but that is very hard to achieve and there are plenty of reas

22-04-2022 08:47 GMT by Craig Erlam

A negative end to the week

Choppiness continues It's been another volatile week in financial markets but stocks are on course to end it in the red, with Europe down around 2% and US futures eyeing a weaker start. This comes despite investors getting a pleasant surprise from PMIs across Europe, with the services sector, in particular, performing much better than expected as restrictions continued to be dropped. This wasn't backed up by strength in manufacturing though which should bring caution as we go into a challengin

22-04-2022 07:24 GMT by Craig Erlam

Market Insights Podcast (Episode 321)

Jonny Hart speaks to APAC Senior Market Analyst Jeffrey Halley about news impacting the market and the week ahead. Today we start with a lock around Asian markets. The Chinese Yuan and Asian equities have headed south today after hawkish comments from Jerome Powell overnight.

22-04-2022 03:55 GMT by Jeffrey Halley

Oil and Gold Markets Are Surprisingly Quiet.

Oil markets are surprisingly quiet. Oil markets, by their standards, have been surprisingly quiet for the past few sessions, consolidating after hefty losses earlier in the week. At this stage, fears over China's growth and overtightening by the Fed capping US growth seem to be balancing out concerns that Europe will soon widen sanctions on Russian energy imports.

22-04-2022 02:06 GMT by Jeffrey Halley

Powell lifts the US Dollar.

A hawkish Jerome Powell overnight lifted US yields higher and saw a flight to safety in the US Dollar, allowing the dollar index to recapture much of its mid-week losses. Another night of Yuan losses also encouraged some pre-weekend defensive flows into the greenback.

22-04-2022 02:03 GMT by Jeffrey Halley

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