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Jonny Hart speaks to APAC Senior Market Analyst Jeffrey Halley about news impacting the market and the week ahead. This week we start with a roundup of price action in Asia where China held its prime lending rates unchanged, which was surprising, given how aggressively they had talked up the stockmarket and stimulus last week. Oil is never far from everyone's lips, and Asia, once again, has bought black gold aggressively today.

21-03-2022 05:22 GMT by Jeffrey Halley

Market Insights Podcast (Episode 308)

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 Fed's first rate hike since 2018, China's COVID situation, and oil markets. They also discuss what the week ahead has in store for financial markets.

18-03-2022 21:58 GMT by Edward Moya

GBPUSD - Drifts lower after Fed and BoE

OANDA Senior Market Analyst Craig Erlam talks about how GBPUSD is trading after the Fed and BoE both raised interest rates.

18-03-2022 19:32 GMT by Craig Erlam

Week Ahead - Accelerated tightening

The global economy is facing an incredible amount of uncertainty at the moment which is continuing to drive the volatility we're seeing in financial markets. Whether it's uncertainty around inflation, interest rates, commodity prices, Covid or Ukraine, the growth outlook has become extremely unclear and is constantly subject to significant revisions.

18-03-2022 15:27 GMT by Craig Erlam

Commodities and Cryptos: Oil choppy, Gold lower, Bitcoin steady

Oil Crude prices are consolidating as energy traders process the IEA’s 10-point plan to reduce oil consumption and await to see if any progress in peace talks between Ukraine and Russia can be made. Oil will remain a volatile trade in both directions, but the geopolitical risks don’t seem like they will be going away anytime soon, so $100 oil is likely here to stay.

18-03-2022 12:13 GMT by Edward Moya

Mid-Market Update: Stocks fluctuate awaiting geopolitical updates, Hawkish Fed Speak

The end of another long week has Wall Street bracing for another rollercoaster ride as investors digest President Biden’s crucial call with Xi and await to see if any possible pathways emerge for ending the conflict in Ukraine, all while roughly $3.5 trillion of single-stock and index-level options expire. The days of seeing all the sectors in S&P 500 being green appear to be long gone. It could be a choppy ride as investors continue to rotate out of financials as the Treasury curve flattener t

18-03-2022 12:11 GMT by Edward Moya

Oil gains ground, gold edges lower

Oil higher as OPEC+ falls further short of targets In a further sign that calls for OPEC+ to raise output further are a wasted effort, IEA reported that compliance with pandemic-agreed cuts rose to 136% last month, up from 129% in January. In other words, the group is not only failing to hit its quotas, it's missing them by an estimated more than one million barrels per day.

18-03-2022 10:11 GMT by Craig Erlam

Caution into the weekend

Investors are opting for caution at the end of another strong rebound week, with equity markets a little lower as we near the close. The rebound we've seen over the last couple of weeks has been nothing short of extraordinary. So much so that I don't think it's unfair to suggest we're seeing an unhealthy amount of complacency creeping into the markets. I'm not sure what exactly is more appealing about equity markets right now.

18-03-2022 10:07 GMT by Craig Erlam

Oil powers upwards, gold declines

Oil prices spike higher once again Oil prices, like so many asset classes, went their own way overnight. Improving sentiment around markets being ignored as oil stage another massive rally in thin liquidity conditions.

18-03-2022 04:47 GMT by Jeffrey Halley

US dollar retreat continue

Ukraine talks weigh on the US dollar Currency markets had a volatile session overnight, with most of the majors trading in quite large ranges. The intraday volatility is a symptom of a market that is searching for a unifying theme and finding it difficult to nail one down.

18-03-2022 04:42 GMT by Jeffrey Halley

Asian equities are mixed

US data sends Wall Street and Asia higher Asian equities are mixed after strong US economic data saw Wall Street sharply reverse to a positive finish. Overnight, the S&P 500 rose 1.20%, the Nasdaq by 1.28% and the Dow Jones by 1.18% as the stock markets find their buy-the-dip legs again.

18-03-2022 04:34 GMT by Jeffrey Halley

Chasing tails

It was another messy session overnight with energy, equities, precious metals and currencies trading in wide choppy ranges, diverging in price direction, with no unifying sense of theme emerging. Markets are trying to make sense of a hawkish FOMC that announced a dovish rate hike and believes it can tighten aggressively while maintaining growth.

18-03-2022 04:18 GMT by Jeffrey Halley

Oil back above USD 100, gold rallies

Oil prices edge higher Crude prices have come down enough and seem poised to stabilize above the USD 100 a barrel level until energy traders have clarity over geopolitical developments in Ukraine and with Iran nuclear deal talks. Not enough crude demand destruction has happened to warrant prices falling below the USD 90 level and with inventories continuing to decline, this oil market will likely remain tight for quite some time. WTI crude seems poised to continue to edge higher if no major p

17-03-2022 15:39 GMT by Edward Moya

Stocks maintaining post-Fed rally, bitcoin struggles

US stocks are still holding onto their post-Fed gains as investors await developments with Russia/Ukraine negotiations. There is too much short-term geopolitical and economic growth risk that the rally in stocks appears like it will be capped soon.

17-03-2022 15:34 GMT by Edward Moya

Oil rises on Ukraine, gold extends gains

Oil rises after Kremlin comments and IEA report Oil prices are rising once again today, with Brent and WTI now back above USD 100. It has been pushing higher throughout the day after the Kremlin pushed back against reports of substantial progress in ceasefire talks.

17-03-2022 14:20 GMT by Craig Erlam

Premature optimism

Stock markets are edging lower on Thursday, paring back this week's gains as the Kremlin denies substantial progress in talks and the Fed begins its aggressive tightening cycle. As ever, we need to take commentary coming from the Kremlin with a pinch of salt, both good and bad, but the latest comments have come as a blow to the markets. We've seen cautious optimism building in the markets this week as the two sides appeared to be making progress, even if it was occurring against the backdrop of

17-03-2022 14:15 GMT by Craig Erlam

EUR/GBP - Can it break the downtrend?

Or are we heading for pre-Brexit vote levels again? The euro has been performing relatively well against the pound recently after a prolonged downward spiral going back to late 2020, but can it keep it up? The pair was given another boost by the Bank of England on Thursday, despite the MPC agreeing on a third consecutive rate hike taking the base rate to 0.75%. What weighed on the pound - and therefore lifted this pair - was the fact that one policymaker, Deputy Governor Jon Cunliffe, voted ag

17-03-2022 13:28 GMT by Craig Erlam

Market Insights Podcast (Episode 307)

OANDA Senior Market Analyst Craig Erlam reviews the day's market news with Jonny Hart. They discuss why markets are recovering, oil falling, and the BoE.

17-03-2022 12:52 GMT by Craig Erlam

British pound slips after BoE rate hike

GBP/USD is down 0.28% on Thursday, trading just above the 1.31 line in the North American session. BOE raises rates but sterling falters The Bank of England raised rates by 0.25%, as was widely expected. This was an unprecedented third straight hike from the BoE, but the new record failed to impress investors, as the pound rose steadily prior to the hike, only to fall by 0.8% after the rate move. Why the sour grapes from the markets after a rate hike?

17-03-2022 10:22 GMT by Kenneth Fisher

Australian dollar punches above 73 line

The Australian dollar has posted strong gains for a second straight day. In the European session, AUD/USD is trading at 0.7338, up 0.65% on the day. We continue to see strong volatility from the Australian dollar.

17-03-2022 09:18 GMT by Kenneth Fisher

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