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Oil pares gains but remains in consolidation Oil prices are slipping a little on Tuesday after rebounding at the start of the week. The threat of European sanctions on Russian oil remains an upside risk for crude prices despite the firm opposition in the short term from certain member states.

05-04-2022 13:17 GMT by Craig Erlam

Choppy markets continue

It's been another choppy day in financial markets with Europe ending a mixed bag and US indices all in the red but to varying degrees. The markets are very indicative of the uncertainty that we continue to see from Ukraine/Russia negotiations to sanctions, interest rates, recession warnings, lockdowns etc. There's no end to the uncertainty, which makes the resilience we're seeing in stock markets all the more impressive. Europe and the US continue to tighten sanctions against Russia, albeit wi

05-04-2022 13:13 GMT by Craig Erlam

Market Insights Podcast (Episode 316)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. And in a special episode of the Market Insights podcast, we speak to OANDA General Counsel Lisa Shemie who joins us from New York to talk about some of the legal aspects of the FX sector. Lisa talked about her career trajectory leading up to her joining OANDA late last year, and discussed some issues relating to the FX markets and emerging regulatory issues. She touched on the FX Global Code, some differenc

05-04-2022 13:04 GMT by Craig Erlam

NZ dollar hits 15-week high

The New Zealand dollar continues to rally and is up 0.82% this week. Earlier in the day, NZD/USD punched above the symbolic 70 line and rose to 0.7034, its highest level since November 2021, before retreating lower. US Services PMI accelerates The US Services PMI for March pointed to continuing expansion, with a reading of 58.3.

05-04-2022 12:15 GMT by Kenneth Fisher

Japanese yen dips, wage growth falls

USD/JPY was sailing in calm waters on Tuesday but has gained ground in the North American session. The yen is trading at 123.25, up 0.40% on the day. Kuroda talks tough about the yen Similar to what we saw last week, Japanese officials were talking about the yen, expressing concern about currency movements.

05-04-2022 10:34 GMT by Kenneth Fisher

Aussie rockets as RBA hints at hike

The Australian dollar is turning heads, as AUD/USD has jumped a massive 1.27% today. In the European session, the Australian dollar hit 0.7639, its highest level since June 2021. RBA says audieu to 'patience' If I had to pick a word that encompassed RBA Governor Lowe's monetary stance, it would be 'patience'.

05-04-2022 09:23 GMT by Kenneth Fisher

Oil rises on sanctions talk, gold steady

Oil prices higher on European sanctions fears Oil prices started rallying in Asia yesterday after Europe indicated tighter sanctions on Russia. Fears mounting that Europe would finally target the Russian energy sector, further squeezing supplies.

05-04-2022 04:15 GMT by Jeffrey Halley

Asia shuffles sideways

Holidays in mainland China and Hong Kong are muting activity once again in Asia, which looks content to watch this session from the sidelines. Overnight, Elon Musk stole the headlines, announcing with a swipe of his debit card, the purchase of a 9.20% stake in Twitter worth USD 2.90 billion.

05-04-2022 03:35 GMT by Jeffrey Halley

AUD/USD - Building breakout momentum?

Can it take the next step? The Aussie dollar has performed well against the greenback since early February and while it appeared to have lost some momentum recently, it may have rediscovered that today. The pair ran into resistance around the late-October highs last week and has been in consolidation since but as you can see today, it's spiked higher and the MACD and stochastic on the 4-hour chart suggest there's some momentum behind the move. The fact that we never saw much of a pullback f

04-04-2022 12:41 GMT by Craig Erlam

Yen takes a pause after busy week

The Japanese yen has started the week with slight gains, as USD/JPY is trading at 122.75 in the North American session. It was a rollercoaster week for the yen, which showed strong volatility throughout the week. USD/JPY posted considerable gains on Friday, as the US/Japan rate differential widened on Friday and pushed the yen briefly above the 123 line.

04-04-2022 10:09 GMT by Kenneth Fisher

Oil stabilises, gold looks for direction

Oil steadies as IEA prepares details of reserve release Oil prices have pulled back considerably since peaking last month in the early days of the invasion. Declines over the last couple of weeks have been aided by lockdowns in China and a massive SPR release by the IEA, the details of which should become known early this week. The US has already made its contribution known which will go some way to easing the tightness in the market and supply shock from Russia, where sanctions are biting.

04-04-2022 09:26 GMT by Craig Erlam

Caution ahead of more talks

European stocks are treading water on Monday and Wall Street is eyeing a similar open amid another cautious start to the week. Virtual talks are set to resume as Europe prepares fresh sanctions against Russia following the release of disturbing images over the weekend. Pressure is ramping up on Brussels to enforce a total ban on Russian energy imports in order to enforce real damage and punishment against the Kremlin for the invasion.

04-04-2022 09:14 GMT by Craig Erlam

AUD calm ahead of RBA decision

The Australian dollar has posted slight gains at the start of the week, as AUD/USD trades just above the 0.75 level. Looking back at March, it was an excellent month for the Australian dollar. The currency rose 3.02%, its best month since October 2021.

04-04-2022 08:51 GMT by Kenneth Fisher

Oil eases, gold falls as dollar rises

Oil slightly softer in Asia Oil prices eased slightly on Friday, robust US data and weekend risk supporting prices, while US SPR releases as well as yet to be determined ones from other IEA members capped gains. A UN-brokered two-month ceasefire between Saudi Arabia and Yemen’s Houthi rebels has had no noticeable impact on prices today. The China holiday is definitely muting trading volumes in Asia today, leaving Brent crude unchanged at USD 104.50, and WTI unchanged at USD 99.35.

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

The US dollar continues to rise

The US dollar continued gaining on Friday as firm US data pushed US yields higher. The dollar index rose 0.22% to 98.57 where it remains in Asia, where a China holiday is impacting trading volumes.

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

Asian equities tread water

A decent US Non-Farm Payrolls number on Friday was balanced out by weaker ISM Manufacturing data and a sharp rise in short-dated US yields as rate hike expectations rose. NFP posted a lower than expected, but still very healthy, gain of 431,000 jobs.

04-04-2022 04:00 GMT by Jeffrey Halley

China holiday mutes Asian session

A mainland China holiday today, with Hong Kong joining them tomorrow, is muting trading activity in Asia today. On Friday, the US Non-Farm Payrolls posted a lower than expected, but still very healthy, gain of 431,000 jobs.

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

Market Insights Podcast (Episode 315)

Jonny Hart speaks to APAC Senior Market Analyst Jeffrey Halley about news impacting the market and the week ahead. In this episode, mainland China is on holiday today, muting activity across Asia. However, audit news from China at the weekend has lifted Hong Kong tech stocks.

04-04-2022 03:39 GMT by Jeffrey Halley

Market Insights Podcast (Episode 314)

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 latest nonfarm payrolls report, recapped the first quarter performance in equities and discussed cryptocurrencies. They also discuss what the week ahead has in store for financial markets.

01-04-2022 13:53 GMT by Edward Moya

Week Ahead - Risks mounting

As we head into the second quarter, it seems the list of economic concerns is growing rather than shrinking and yet equity markets find themselves in a very comfortable position. The rebound from the post-invasion lows has been impressive, to say the least, but whether it's sustainable will become clear in the coming weeks.

01-04-2022 11:34 GMT by Craig Erlam

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