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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

Commodities and Cryptos: Oil pares losses, Gold struggles, Bitcoin steady

Oil Crude prices pared losses after a strong labor market showed consumer pocketbooks are growing and remote work is declining. Earlier, WTI crude tumbled below the $100 level as energy traders digested the Biden administration’s third time of tapping the SPR, no surprises from an OPEC+ meeting on output and as Saudi Arabia oil shipments dipped in March. The knee-jerk selloff from the SPR announcement of the release of 1-million barrels a day from the SPR over the next six months won’t have a

01-04-2022 10:40 GMT by Edward Moya

NFP React: Stocks have lackluster start for Q2, another Strong NFP report, ISM feeling supply chain challenges

US stocks are off to a lackluster start to the quarter after an impressive nonfarm payroll report and soft ISM manufacturing report. The labor market remains strong and employers are making progress filling vacancies. The ISM manufacturing report confirmed the great story being told about employment but also showed inflation is getting uglier and activity is slowing as supply chain issues persist. Inflation pressures could soon lead to demand destruction so it might be hard to see equities re

01-04-2022 10:39 GMT by Edward Moya

Oil falls on SPR, gold dips after NFP

Oil falls below USD 100 on SPR release Oil prices are continuing to fall today, as we await an announcement from IEA regarding the coordinated SPR release following President Biden's decision this week. Unlike on the previous two occasions, markets have responded favourably to the latest release, which is by far the largest ever from US reserves.

01-04-2022 09:24 GMT by Craig Erlam

Cautiously higher after strong jobs report

Equity markets are nudging higher at the end of the week after suffering losses a day earlier, as the consolidation phase continues. This continues to be a very headline-driven market and they're coming thick and fast. Talks between Ukraine and Russia are progressing well, it seems, but things can change rapidly, for better or worse.

01-04-2022 09:20 GMT by Craig Erlam

Euro stems bleeding as CPI hits 7.5%

Inflation sizzling in the eurozone Inflation has been skyrocketing in the US and UK, giving the Fed and BoE plenty of sleepless nights. Inflation levels had been lower in the eurozone, and ECB President Christine Lagarde has not made inflation a priority, arguing that high inflation would ease.

01-04-2022 07:34 GMT by Kenneth Fisher

CAD in holding pattern ahead of NFP

The Canadian dollar has posted small gains, trading just below the symbolic 1.25 line in the European session. We could see stronger movement from the currency when US nonfarm payrolls are released later today. The month of March has brought plenty of turbulence to the financial markets, highlighted by the Ukraine-Russia war, which shows no signs of ending anytime soon.

01-04-2022 06:33 GMT by Kenneth Fisher

Japanese yen slips, NFP next

The Japanese yen has reversed directions and is down sharply on Friday. In the European session, USD/JPY is trading at 122.68, up 0.81% on the day. All eyes are on US nonfarm payrolls, with an estimate of 490 thousand jobs.

01-04-2022 04:10 GMT by Kenneth Fisher

Oil edges lower, gold trades sideways

Oil is slightly softer in Asia Oil prices fell in Asia yesterday after the Biden SPR release story started circulating. That was confirmed overnight, with 1 million bpds for the next 180 days to be released.

01-04-2022 03:04 GMT by Jeffrey Halley

The US dollar reverses losses

Dollar recovers on Russia-Europe energy spat The US dollar rebounded overnight as the energy payment standoff with Russia and Europe took a turn for the worse, and quarter-end demand for US bonds boosted dollar demand. The dollar index rose 0.52% to 98.35, adding another 0.13% to 98.48 in Asia.

01-04-2022 02:55 GMT by Jeffrey Halley

Soft data leaves Asian equities cautious

Asian markets are having a mixed day Asian equities are having a very mixed day after stocks in the US ended the quarter on a soft note, although quarter-end flows may have muddied the price action. The S&P 500 fell 1.57%, the Nasdaq fell 1.54%, and the Dow Jones fell 1.56%, even as US yields eased on quarter-end buying and on target US data.

01-04-2022 02:47 GMT by Jeffrey Halley

Asia data weakens

Q2 of 2022 is going to start as messily as Q1 has finished, with markets buffeted by a multitude of strong winds from various directions, with the outcome no clearer for the future than ever. The Russian invasion of Ukraine continues to grab headlines, with massive downstream impacts on commodity prices globally.

01-04-2022 02:35 GMT by Jeffrey Halley

Pound shrugs as UK GDP revised upwards

UK economy up 1.3% in Q4 The British economy performed better than expected in the fourth quarter. Final GDP rose by 1.3% in Q4 of 2021, upwardly revised from the first quarterly estimate of a 1.0% gain.

31-03-2022 13:12 GMT by Kenneth Fisher

Oil pares losses post OPEC+, gold rallies on Putin gas threat

Crude prices pared losses after OPEC+ decided “to stay the course” and maintained the gradual output increase strategy. Oil was down earlier after reports that the Biden administration was considering a record reserve release of up to 180 million barrels from the country’s strategic petroleum reserve (SPR).

31-03-2022 12:38 GMT by Edward Moya

Worst quarter for stocks in two years, US data, Walgreens earnings, bitcoin lower

Equities fall on inflation jitters, Russia Stocks finished the quarter on a down note as the latest economic data shows inflation is weighing on the consumer and as President Putin vows to halt gas supplies to Europe unless payments are made in roubles. The worst quarter in two years isn’t so bad as the S&P 500 index is roughly 5% away from record highs. Wall Street will have a lot to debate over the next few months but a choppy stock market seems likely as no clear answers will be had on when

31-03-2022 12:34 GMT by Edward Moya

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