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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 War in Ukraine, what is driving the oil markets and what to expect going forward, recap the latest round US economic data, and how cryptos staged quite the comeback. They also discuss what the week ahead has in store for financial markets.

25-02-2022 14:01 GMT by Edward Moya

Week Ahead - Shock waves

It's been another week of significant volatility in financial markets and there's little reason to expect next week will be any different. The Russian invasion of Ukraine sent shock waves around the world and the ripple effects were felt throughout the markets as investors were forced to consider what the consequences would be for everything from commodity prices to interest rates.

25-02-2022 13:39 GMT by Craig Erlam

Safe-haven gold soars

OANDA Senior Market Analyst Craig Erlam discusses gold after Russia invaded Ukraine.

25-02-2022 10:01 GMT by Craig Erlam

Oil falls below USD 100, gold softens

Oil slips back below $100 Oil prices are marginally up on the day but are back below USD 100 after giving up almost all of the gains since the invasion began. Don't get me wrong, crude trading near USD 100 is still very high and there remains plenty of Ukraine risk premium priced in at these levels, but it's given up those gains very quickly. I expect we'll continue to see plenty of volatility in oil markets for some time, with plenty of interest in the dips as geopolitical tensions remain so

25-02-2022 08:59 GMT by Craig Erlam

Equities bounce back

Stock markets in Europe are rebounding strongly on Friday, just one day after plunging on the back of Russia's invasion of Ukraine. It's a remarkable turnaround when you consider that the invasion is still taking place and sanctions are being drawn up. There is still huge uncertainty around how bad the situation will get, given how quickly it has escalated over the last few days, which makes the shift in risk appetite all the more surprising. With oil trading back below USD 100 a barrel and ga

25-02-2022 08:52 GMT by Craig Erlam

Japanese yen yawns as CPI rises

Japan's CPI hits 2-year high In Japan, the spotlight this week was on inflation indicators. After decades of deflation, Japan is experiencing inflationary pressures, although nothing on the scale that we're seeing in the US or the UK.

25-02-2022 08:22 GMT by Kenneth Fisher

Pound settles after massive drop

The pound is calm on Friday, after taking a tumble on Thursday and falling 1.28%. It was the pound's worst one-day performance since November 2021.

25-02-2022 07:05 GMT by Kenneth Fisher

NZ dollar steady after wild ride

The New Zealand dollar has steadied after taking a tumble on Thursday. In the European session, NZD/USD is trading quietly at the 0.67 line. New Zealand dollar plunges as risk apprehension soars There was no shortage of volatility in the currency markets on Thursday, as panicky investors dumped pretty much everything and flocked to the safety of the US dollar.

25-02-2022 05:19 GMT by Kenneth Fisher

Equities stage “peak-Ukraine” rally

US equities staged an impressive rally overnight, wiping out the earlier day's losses and rallying to finish strongly in the green. Positive US data played its parts, but mostly it appears to be a relief rally sparked by the announcement of the scope of US sanctions on Russia.

25-02-2022 04:19 GMT by Jeffrey Halley

Oil and gold take wild rides

Brent crude rises once again as Asian buyers buy the dip To describe the price action on oil markets as wild yesterday would be a gross understatement. Brent crude rose nearly 10 US dollars to just shy of USD 106.00, before retreating to USD 99.00 at the close, a 2.0% gain for the day.

25-02-2022 04:08 GMT by Jeffrey Halley

US dollar remains elevated

Investors snap up safe-haven greenback The US dollar soared on haven flows as Russia commenced its invasion of Ukraine yesterday. However, DM currencies rallied later in the session after the announcement of the next tranche of Western sanctions.

25-02-2022 03:57 GMT by Jeffrey Halley

Under the bus

Nobody could complain about a lack of volatility overnight as the Russia/Ukraine sell-off staged the mother of all reversals, in equity markets anyway. Oil also reversed almost all its early session gains and gold finished lower on the day.

25-02-2022 03:39 GMT by Jeffrey Halley

US Close – Russia attack on Ukraine changes everything for Inflation/growth outlooks, Stocks rebound, Ruble pummeled, Oil volatile, Gold turns negative, Bitcoin stabilizes

Global equities were in freefall as investors fled to safe-haven assets after Russian missiles and airstrikes hit dozens of Ukraine cities. Regional warfare will intensify inflationary pressures globally as energy markets could still see another massive surge after the EU/US respond.

24-02-2022 15:18 GMT by Edward Moya

NZD plunges as Russia attacks Ukraine

The New Zealand dollar has plummeted 1.58% on the day, courtesy of the Russian invasion of Ukraine. In the North American session, NZD/USD is trading at 0.6661. US dollar surges as risk appetite evaporates The financial markets are seeing red today, but it's looking all green for the US dollar, which is broadly higher against the major currencies.

24-02-2022 12:59 GMT by Kenneth Fisher

Oil rises above USD 100, gold climbs

Oil above USD 100 and could keep going Oil prices are soaring in response to the Russian invasion of Ukraine as traders are forced to price in sizeable risk premiums associated with the conflict. The market is already extremely tight and unable to easily contend with supply issues and, barring a shift in approach from certain producers with excess capacity, that's not going to change. With oil prices well above USD 100 - up around 7% on the day - and gas prices surging once more, the question

24-02-2022 11:56 GMT by Craig Erlam

Turmoil as Russia invades Ukraine

Massive risk-aversion is sweeping through financial markets on Thursday in response to Russia's invasion of Ukraine. The Russian offensive started in the early hours of the morning in Europe and has been occurring across the country. The mood turned increasingly negative as the morning progressed, with headlines and images displaying the atrocities taking place in Ukraine. The knee-jerk reaction has been severe across the board and with the situation deteriorating by the hour, we could see fur

24-02-2022 11:53 GMT by Craig Erlam

Yen rises as Russia launches invasion

Hopes that diplomatic moves could avert a Russian invasion of Ukraine were shattered early Thursday, as Russia launched a full-scale attack. The move was not all that surprising, given the massive Russian buildup on the border with Ukraine during the past few weeks.

24-02-2022 11:20 GMT by Kenneth Fisher

Aussie slides on Russian invasion

The Australian dollar has reversed directions on Thursday, as AUD/USD is trading at 0.7172, down 0.86% on the day. Ukraine invasion sends Aussie tumbling The tense standoff between Russia and Ukraine which had been building for days exploded earlier today, as Russian forces launched an invasion of Ukraine. Details are still sketchy, but there are reports of Russian troops advancing on a number of fronts and there has been fighting around the capital Kyiv.

24-02-2022 07:27 GMT by Kenneth Fisher

Market Insights Podcast (Episode 298)

OANDA Senior Market Analyst Craig Erlam reviews the day's market news with Jonny Hart. They discussed the latest in Ukraine as Russia invades and the impact it's having on financial markets.

24-02-2022 07:01 GMT by Craig Erlam

Ukraine invasion boosts oil and gold

Brent crude hits USD 100 on Ukraine invasion A Russian invasion is seemingly underway, with reports circulating that Russia has declared war on the Ukraine if the Ukranian Ambassador to the UN's remarks is to be believed. Brent crude prices spiked higher, touching USD 100 a barrel before retreating slightly.

24-02-2022 04:36 GMT by Jeffrey Halley

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