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Oil down over Ukraine hopes, FOMC Oil prices slumped again overnight in New York and have done so again in Asia today. Growth concerns from the Ukraine-Russia stagflation wave, and FOMC hike this week, and hopes that progress will be made in Ukraine-Russia negotiations has seen Brent prices fall nearly USD 40 over the past few sessions.

15-03-2022 05:51 GMT by Jeffrey Halley

The US dollar rises versus Asia

Rising US yields boost US dollar The US dollar held steady versus most majors overnight, with reduced haven flows on Ukrainian hopes offset by rising US yields. The dollar index finished 0.04% lower at 99.09, before easing another 0.25% to 98.835 in Asia.

15-03-2022 05:40 GMT by Jeffrey Halley

Asia stock markets fall

Equities slip as US Treasury yields rise Asian stock markets are a sea of red today as higher yields ahead of the FOMC pushed US markets into the red. The S&P 500 fell by 0.76%, the Nasdaq slumped by 2.07%, while the Dow Jones finished unchanged.

15-03-2022 05:14 GMT by Jeffrey Halley

China data surprises, But can’t change sentiment

China has just released an excellent set of tier-1 data points, with Industrial Production (+7.50%), Retail Sales (+6.70%), and Fixed Asset Investment (+12.20%), blowing market expectations out of the water. Although the data covered both January and February, the data is all the more impressive as the government had imposed quite vigorous movement restrictions over the Chinese New Year.

15-03-2022 05:04 GMT by Jeffrey Halley

Risk rebound as talks continue

Stock markets are rallying again at the start of the week as investors continue to be encouraged by reports of progress in talks between Ukraine and Russia. While there has unfortunately been no de-escalation within Ukraine, there is hope that talks between the two sides could lead to a ceasefire. That may be premature, even misguided given how events have unfolded over the last few weeks.

14-03-2022 16:51 GMT by Craig Erlam

Oil falls on Ukraine talks, gold slips

Oil pulls back on positive talks Oil prices have fallen considerably today, off around 7%, on optimism around the Ukraine-Russia talks. Crude is still trading above USD 100 though so there's still a significant premium in the market as a result of the invasion and disruption to Russian supplies on the back of the sanctions. And the lack of progress on US-Iran talks around the nuclear deal which has been "almost there" for many weeks now is not helping to alleviate any of those pressures.

14-03-2022 16:49 GMT by Craig Erlam

GBP/USD - Testing support ahead of Fed and BoE

Can it break lower? The pound has been trending lower against the dollar since the Russian invasion of Ukraine as traders have sought the safety of the greenback in times of stress. But what's interesting in recent days is that while market sentiment has improved, the pair has continued to slide. And with it now approaching 1.30 - a major historical psychological barrier - ahead of both the Fed and BoE meetings this week, what's next for the pair? For a bit of context, both central bank

14-03-2022 16:04 GMT by Craig Erlam

Oil tumbles on Chinese shutdowns and as new sanctions leave Russian energy alone, gold selloff exaggerated on profit-taking

Oil slides on Ukraine hopes, China lockdowns Crude prices tumbled after Russia-Ukraine talks led to optimism an end to the war could be in sight and as China lockdowns Shenzhen and Jilin. Energy traders quickly abandoned the crude trade after the next round of EU sanctions spared oil from Russian companies.

14-03-2022 14:36 GMT by Edward Moya

Stocks struggle to stabilize as markets focus on Russia-Ukraine talks, Musk still hodling cryptos

Investors eye Fed tightening US stocks are trying to stabilize as investors await Fed tightening and as optimism over diplomatic efforts to end the war in Ukraine fades. Financial markets are still expecting the US economy to be in decent shape even as the economic impact from widespread pricing pressures continue.

14-03-2022 14:32 GMT by Edward Moya

Pound stops the slide

GBP/USD is steady at the start of the week. The pound fell 1.51% last week, marking a third straight week of sharp losses Earlier in the day, GBP/USD touched a low of 1.3009, as it struggles to remain above the psychologically important 1.30 line, which has held since November 2020. UK job data expected to improve The UK releases key job numbers on Tuesday, with expectations of a strong release.

14-03-2022 12:59 GMT by Kenneth Fisher

Australian dollar slips to 2-week low

The Australian dollar continues to lose ground. After falling 0.91% on Friday, AUD/USD is down 0.68% on Monday and is trading at 0.7238.

14-03-2022 09:52 GMT by Kenneth Fisher

New Zealand dollar under pressure

The New Zealand dollar is down slightly at the start of the week, after falling sharply in the Friday session. NZD/USD is trading at the 0.68 line in European trade. NZ dollar eyes Services PMI We'll get a look at New Zealand Services PMI later in the day.

14-03-2022 08:18 GMT by Kenneth Fisher

Oil eases, gold under pressure

Oil prices ease on Ukraine hopes Oil markets in Asia have staged an unconvincing pullback today in hopes that Ukraine-Russia negotiations are moving to a constructive stage, despite the weekend widening of the Russian bombing. Additionally, the Shenzhen lockdown may have tempered China's growth expectations and thus, its energy consumption.

14-03-2022 05:40 GMT by Jeffrey Halley

The US dollar rallies strongly

Investors eye FOMC rate hike The US dollar’s rapid recovery continued Friday as investors turned to how hawkish the FOMC will be, the US yield curve continued flattening, and investors loaded up on weekend risk protection. The dollar index rallied 0.60% to 99.12 on Friday, rising to 99.17 in Asia.

14-03-2022 05:30 GMT by Jeffrey Halley

A very mixed day for Asian equities

There are some serious divergences in Asian equity markets this morning as China concerns buffet some markets, while others rise on lower oil and Ukraine negotiation hopes. On Friday, US markets finished on a soft note as Michigan Consumer Confidence fell, and investors reduced risk into the weekend.

14-03-2022 05:22 GMT by Jeffrey Halley

Shenzhen lockdown muddies economic waters

Monday’s these days usually present a confusing picture to investors, and this one is no different. Reuters is reporting that both Ukraine and Russia appear to be making progress towards substantive negotiations.

14-03-2022 05:12 GMT by Jeffrey Halley

Market Insights Podcast (Episode 306)

Jonny Hart speaks to APAC Senior Market Analyst Jeffrey Halley about news impacting the market and the week ahead. This week we start with Asian equity markets. China markets and much of Asia are falling as Covid lockdowns expand, but US futures and others are rallying on Ukraine negotiation hopes.

14-03-2022 04:55 GMT by Jeffrey Halley

EUR/USD - Struggles after ECB

OANDA Senior Market Analyst Craig Erlam discusses EURUSD in the aftermath of the ECB meeting.

11-03-2022 13:46 GMT by Craig Erlam

Week Ahead - Central banks

It's been another volatile week in financial markets with events in and around Ukraine continuing to dominate. Sentiment is still very headline-driven and an enormous amount of uncertainty remains around the outcome of talks between Ukraine and Russia and the sanctions being imposed on the latter by the West.

11-03-2022 13:12 GMT by Craig Erlam

Market Insights Podcast (Episode 305)

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 inflation report, President Biden's executive order on cryptos, and recapped what happened with energy markets. They also discuss what the week ahead has in store for financial markets.

11-03-2022 12:08 GMT by Edward Moya

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