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Yen, euro start week with losses The US dollar moved sideways in New York on Friday, the dollar index finishing almost unchanged at 98.80. However, with the Bank of Japan standing in the JGB market today to cap rises in yields the dollar index has risen sharply, boosted by a weaker yen and euro.

28-03-2022 03:34 GMT by Jeffrey Halley

Asian equity heavyweights edge lower

Shanghai lockdown weighs on Asian markets With some exceptions, Asian equities are edging lower today, mostly driven by the rolling Shanghai covid lockdowns. US equities finished slightly higher on Friday, despite a rise in US yields, but futures on the S&P500, Nasdaq and Dow Jones have eased by around 0.25% this morning in sympathy. The Nikkei 225 is down 0.35%, with the South Korean Kospi just 0.10% higher.

28-03-2022 03:24 GMT by Jeffrey Halley

Market Insights Podcast (Episode 312)

Jonny Hart speaks to APAC Senior Market Analyst Jeffrey Halley about news impacting the market and the week ahead. In today's episode, Asian markets were sprung a Shanghai Surprise (Not the Madonna movie) as Chinese authorities announced a rolling lockdown of the commercial heart of China to manage its omicron outbreak. We look at the impact on Asian markets today, notably equities and oil, as well as discuss China's "Covid-zero" policy.

28-03-2022 03:18 GMT by Jeffrey Halley

Shanghai surprise

It seems appropriate on Oscar’s day that one of the worst films ever made according to critics, Shanghai Surprise, is also dominating Asian markets today. In what was really not much of a Shanghai surprise, Chinese authorities announced over the weekend that Shanghai the city, would enter a two-stage lockdown to stymie surging covid cases and allow mass testing.

28-03-2022 03:16 GMT by Jeffrey Halley

Week Ahead - An encouraging recovery

Are investors correct to be optimistic? Investors appear remarkably calm at the moment given the level of uncertainty we're facing this year, from inflation to interest rates and even Covid, when you consider China is still embracing lockdowns. Throw soaring commodity prices into the mix and there's plenty of reason to be pessimistic. But when you look at financial markets, that isn't what we're seeing.

25-03-2022 17:51 GMT by Craig Erlam

Bitcoin - Buoyed by oil and gas claim

Can it break resistance? In the latest twist in the crypto space, Russian lawmaker Pavel Zavalny, claimed the country may consider accepting payment for oil and gas in bitcoin from friendly countries. I mean, this should seriously be taken with a pinch of salt for a number of reasons. Not least Russia's widely known opposition to cryptos.

25-03-2022 16:51 GMT by Craig Erlam

Market Insights Podcast (Episode 311)

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 global impact from the war in Ukraine, oil markets, and cryptocurrencies. They also discuss what the week ahead has in store for financial markets.

25-03-2022 16:15 GMT by Edward Moya

US Close: OANDA - Stocks have another strong week, Oil turns positive after Aramco site hit, Gold edges lower, Bitcoin higher

US stocks posted another week of gains as investors watch developments in Russia’s war in Ukraine and as Fed rate hike expectations continue to grow. It seems the skyrocketing move higher with commodity prices has taken a break and that has allowed investors a chance to pile back into equities. Geopolitical risks remain very elevated and the rally in equities over the past two weeks is impressive.

25-03-2022 16:02 GMT by Edward Moya

Oil edges lower, gold stabilizes

Oil edges lower but market remains extremely tight Oil prices are slipping for a second day as it's become clear that the EU is not about to agree on a ban on Russian oil imports, no matter how much it would like to follow the actions of the US. While it would be devastating for Russia, it would also be so for European countries as there isn't exactly an abundance of affordable oil out there.

25-03-2022 10:40 GMT by Craig Erlam

Markets stabilize

European stock markets are making modest gains at the end of the week but broadly remain in consolidation, as has been the case throughout the week. Markets have priced in economic risks We appear to have hit a point in which the initial shock has been shrugged off and markets have corrected back to a point where the economic risks are deemed to be priced in. In the absence of any significant developments, equity markets have come to a relative standstill and could remain that way

25-03-2022 10:23 GMT by Craig Erlam

Japanese yen rebounds

The Japanese yen has managed to stem the bleeding today, as USD/JPY is trading at 121.66, down 0.54%. USD/JPY climbed almost 1% on Thursday, breaking above the 122 line for the first time since December 2015. Yen pummelled by rate differential March has been miserable for the Japanese yen, which is down a staggering 5.83% this month.

25-03-2022 08:56 GMT by Kenneth Fisher

Oil rising on new supply risks

OANDA Senior Market Analyst Craig Erlam discusses why oil prices are rising once more and whether they can continue to do so.

25-03-2022 08:27 GMT by Craig Erlam

German business climate dives, euro shrugs

German Ifo Index slides The week wrapped up on a sour note out of Germany, as the Ifo Business Climate Index fell sharply in March. The headline reading came in at 90.8, down from 98.5 in February.

25-03-2022 07:13 GMT by Kenneth Fisher

Pound dips as retail sales contract

The British pound is slightly lower on Friday after disappointing numbers from retail sales and consumer confidence. UK retail sales, consumer confidence fall Consumers held tighter to their pocketbooks in February, as retail sales declined. The headline figure showed a decline of 0.3% MoM, after a gain of 1.9% in January.

25-03-2022 05:53 GMT by Kenneth Fisher

Oil declines, gold edges upwards

Oil prices slide overnight Oil prices slid overnight after another very volatile day of price action with very wide ranges. Brent crude finished 2.60% lower at USD 118.20 a barrel, and WTI fell 2.75% to USD 111.30 a barrel.

25-03-2022 04:54 GMT by Jeffrey Halley

Currency markets remain in holding pattern

Currency markets looking for direction The currency space remained on the sidelines overnight, content to wait and watch for developments elsewhere for its next directional cues. The dollar index rose just 0.16% to 98.77.

25-03-2022 04:47 GMT by Jeffrey Halley

Asia markets mixed despite NY gains

Asian equities ignore New York to price in weekend risk Asian equities are having a mixed day once again, despite another sharp rally in New York overnight. The reasoning behind the rally in New York is tenuous, most especially, the EU declining to sanction Russian energy imports.

25-03-2022 04:37 GMT by Jeffrey Halley

Japan jaw bones USD/JPY Lower

Both Bank of Japan Governor Kuroda, and Minister of Finance Suzuki, have been on the wires this morning with the usual watching FX closely, FX stability important rhetoric. It is the first time in many years they’ve had to resort to this playbook as USD/JPY surged above 122.00 overnight as the US/Japan rate differential widened. The yen has been one of the largest casualties of a hawkish Federal Reserve, even as the rest of the currency space remains in fence-sitting denial.

25-03-2022 04:22 GMT by Jeffrey Halley

Gold - Will it soon test record highs again?

Is there still great demand for safe havens and inflation hedges? After a period of consolidation, gold prices have been rising again in recent days, hitting a 10-day high in the process. This comes even as central banks signal an aggressive tightening cycle this year to combat soaring inflation and risk appetite remains healthy as Ukraine and Russia continue to engage in negotiations. Clearly, there is still plenty of uncertainty and unease in the markets and while central banks are trying t

24-03-2022 18:59 GMT by Craig Erlam

Brent Crude - Interesting areas of support

Will corrections be shallow? Oil prices have been rising once again over the last week as the EU has considered banning Russian imports and an outage on a pipeline that runs through the country reduced output by around one million barrels per day. Sanctions imposed by the West have already caused significant disruption to Russian oil exports which could total around three million barrels per day, on top of the one million coming through the country from Kazakhstan. In an already very tight ma

24-03-2022 17:36 GMT by Craig Erlam

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