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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

Asian Equites Tumble With Wall Street

The incipient recovery rally on Wall Street overnight ran into a brick wall of Fed speakers, notably Jerome Powell who was very hawkish. That sent Wall Street tumbling to a negative close as US yields shot higher, notably at the short end.

22-04-2022 02:01 GMT by Jeffrey Halley

NAS100 - Bullish breakout forming?

OANDA Senior Market Analyst Craig Erlam talks about how the NAS100 is performing in light of higher interest rates and poor earnings from Netflix.

21-04-2022 12:28 GMT by Craig Erlam

Oil and bitcoin up, Gold slips amid higher yields

Oil higher as EU nears Russian ban Oil prices are heading higher again, up more than 2%, as reports suggest the EU is nearing a framework for phasing out Russian oil imports. Given how big a market it is for Russia, accounting for roughly half its exports, that will come as a real blow to the Kremlin.

21-04-2022 11:52 GMT by Craig Erlam

Tech gloom quickly fades

Tesla results get investors back on board Stock markets are pushing higher again on Thursday, with the Nasdaq this time taking part after Tesla reported strong numbers for the first quarter. The doom and gloom following Netflix's earnings report didn't last long in another sign of investor resilience to bouts of negativity. Of course, it's worth noting that it came in what has otherwise been a strong start to earnings season, something Tesla on Wednesday contributed to as it shrugged off the var

21-04-2022 11:46 GMT by Craig Erlam

Euro breaks above 1.09 as CPI surges

The euro has posted considerable gains on Thursday. In the European session, EUR/USD is trading at 1.0906, up 0.47% on the day. Eurozone CPI hits 7.4% The euro has rebounded nicely as it trades at the 1.09 line.

21-04-2022 06:52 GMT by Kenneth Fisher

New Zealand dollar edges lower after CPI

New Zealand rises to 6.9% There was plenty of anticipation ahead of the New Zealand inflation report, which is released each quarter. The consensus was a sharp rise of 7.1% YoY in Q4, compared to the Q3 reading of 5.9%.

21-04-2022 06:12 GMT by Kenneth Fisher

Oil drifting, gold steady

Oil markets are surprisingly quiet Oil markets traded sideways overnight, with China's growth fears offsetting a large drop in official US crude inventories overnight. With the geopolitical news ticker fairly quiet, oil markets contented themselves with consolidating the previous day's gains.

21-04-2022 04:26 GMT by Jeffrey Halley

US dollar falls overnight

Lower US yields send US dollar lower A retreat by US yields overnight set off an uneven long-covering move in currency markets, pushing the dollar index sharply lower by 0.65% to 100.34. Having held resistance at 101.00, and with the relative strength index (RSI) at very overbought levels, the dollar index was vulnerable to a pullback.

21-04-2022 04:08 GMT by Jeffrey Halley

Asian equities get a Tesla fast charge

Tesla earnings boost Asian markets With the exception, once again, of China, Asian markets are tracking higher today after Tesla announced impressive results after the New York markets closed. In New York overnight, the meltdown of the Netflix stock price had spread to other companies associated with the streaming sector.

21-04-2022 03:50 GMT by Jeffrey Halley

Profit-taking pause for breath

US dollar retreats as US yields fall A wave of profit-taking swept markets overnights as US bond yields gave back some recent gains. That prompted traders to trim long US dollar positions, with the dollar index and USD/JPY having a tough day at the office.

21-04-2022 03:41 GMT by Jeffrey Halley

Oil pares declines, gold stabilises

Oil buoyed by inventory reversal Oil prices are back in the green on Wednesday, paring yesterday's declines just as WTI appeared to be nearing USD 100 once more. The recovery was aided by the EIA inventory data which reversed last week's shock 9.4 million barrel increase to register an 8 million barrel draw. The downward revisions to growth forecasts from the IMF and World Bank in recent days weighed on oil prices after a four-day surge.

20-04-2022 12:54 GMT by Craig Erlam

Tech glitch after Netflix results

It's been a slightly better day for stock markets in Europe as they continue to fluctuate in the same ranges they've traded in for the last month. US indices are having a mixed start, with the Dow outperforming, up around 1%, while the S&P is managing small gains and the Nasdaq is getting hit in the aftermath of Netflix's results. The tech sector has had a rough year as a result of the drastically changing interest rate environment and results like those from Netflix don't help.

20-04-2022 12:46 GMT by Craig Erlam

NZ dollar soars ahead of CPI

The New Zealand dollar has recorded strong gains on Wednesday. In the North American session, NZD/USD is trading at 0.6807, up 1.1% on the day. The US dollar is in full retreat against the majors today.

20-04-2022 12:37 GMT by Kenneth Fisher

Market Insights Podcast (Episode 320)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discussed the latest market moves in light of higher yields, the BoJ moves to protect its yield curve control (YCC) policy, Chinese support measures and the ECB.

20-04-2022 12:20 GMT by Craig Erlam

Canadian dollar jumps as CPI surges

Canada's inflation outperforms The Canadian dollar is up sharply on Wednesday, as Canada's inflation report was hotter than expected. In the North American session, USD/CAD is trading at 1.2519, down 0.74% on the day. Canada's CPI for March jumped 6.7% YoY, a full percentage point higher than the 5.7% gain in February.

20-04-2022 09:43 GMT by Kenneth Fisher

Japanese yen rebounds on BoJ

It has been a busy day for the Japanese yen. The currency came tantalizingly close to the symbolic 130 level earlier today, but then reversed directions.

20-04-2022 07:47 GMT by Kenneth Fisher

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