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OANDA Senior Market Analyst Craig Erlam discusses whether oil will hit $100 as Russia is accused of preparing to invade Ukraine and the US and Iran could resurrect the nuclear deal.

17-02-2022 17:17 GMT by Craig Erlam

Oil slumps, gold captures $1900

Oil pulls back For one day, energy traders decided to forget about how tight the oil market remains and took some risk off the table as Wall Street hit the sell button with every risky asset over rising geopolitical concerns. President Biden believes there is still a high risk for a Russian invasion of the Ukraine and that will be the primary catalyst for risk appetite. Oil prices are on sale today and whatever weakness is happening will likely be short-lived. Geopolitical tensions should be

17-02-2022 15:56 GMT by Edward Moya

Heightened invasion fears has Wall Street selling everything, US data, bitcoin tumbles

US stocks did not stand a chance today as risk aversion violently returned on growing fears of a Russian invasion of Ukraine and after an impressive earnings report from Walmart suggested the consumer is strong and paves the way for potential aggressive Fed tightening. The risks for a military conflict at the Ukraine border appear to be rising and that has many investors entering de-risking mode.

17-02-2022 15:51 GMT by Edward Moya

Japanese yen rises on Ukraine fears

The Japanese yen has moved higher on Thursday, as tensions are once again rising over the Ukraine crisis. Ukraine crisis escalates Invasions fears have ratcheted upwards, after NATO warned that Russia could use a border skirmish as a pretext for a full-scale invasion of Ukraine. The US has rejected Moscow's claim that it is reducing its military presence on the border and Russia expelled a senior US diplomat from Moscow earlier in the day.

17-02-2022 11:32 GMT by Kenneth Fisher

Market Insights Podcast (Episode 295)

OANDA Senior Market Analyst Ed Moya previews the day's market news with Jonny Hart. They discussed markets, discuss the US retail sales report, UK CPI, EIA crude oil inventory report, and crypto marketing momentum from the Super Bowl.

17-02-2022 08:59 GMT by Edward Moya

Oil falls on Iran talks, gold has momentum

Oil slides as US and Iran near nuclear deal There's no shortage of volatility in the oil market at the moment, with multiple forces combining to create very lively conditions. The market is obviously extremely tight which is why we're seeing some large moves on a daily basis and the price could already be in triple-figure territory if not for the nuclear talks between the US and Iran. And it's this that's driving the declines today, with reports suggesting an agreement is days away.

17-02-2022 08:52 GMT by Craig Erlam

Uncertainty keeps investors on edge

Stock markets in Europe are mixed, while US futures are edging lower on Thursday, as uncertainty remains around Russia's intentions in Ukraine. It's been a rather strange week that started with warnings of an imminent invasion - repeatedly denied by Russia - followed by claims of troops withdrawing following the completion of planned drills which has since been rejected by Ukraine and NATO, who have instead insisted that numbers are rising, not falling. It's no wonder investors don't know which

17-02-2022 08:46 GMT by Craig Erlam

Sterling extends gains

The British pound has posted gains for a third straight day and punched above the 1.36 line. In the European session, GBP/USD is trading at 1.3616, up 0.25% on the day. A busy week in the UK wraps up on Friday with the release of January retail sales.

17-02-2022 08:36 GMT by Kenneth Fisher

Cdn. dollar dips after FOMC minutes

Canada's inflation hits 30-year high Inflation continues to rise and hit a new 30-year high in January. Headline inflation jumped 5.1% y/y, up from 4.8% a month earlier and above the consensus of 4.8%.

17-02-2022 06:33 GMT by Kenneth Fisher

Aussie shrugs after positive jobs report

Australia's employment report for January was better than expected, but the Australian dollar didn't respond to the positive news. The economy added 12.9 thousand jobs, beating the consensus of a flat zero reading. Unemployment was unchanged at 4.2%, while the participation rate inched upwards to 66.2%, up from 66.1% and above the consensus of 66.0%.

17-02-2022 05:00 GMT by Kenneth Fisher

Commodities and Cryptos: Crude's wild ride, Gold rallies, Bitcoin edges higher

Oil Crude prices initially rose as the Ukraine-Russia conflict persisted and as short-term supply issues remained. Energy traders were fixated over the move above $100 for the Dated Brent benchmark.

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

US Close: US Stocks eke out a gain, Fed Minutes, Strong Retail Sales Rebound

US stocks erased earlier losses and eked out a gain after the Fed Minutes showed policymakers were not any closer to signaling aggressive policy tightening. Risk aversion returned as geopolitical tensions remained the focal point as no confirmation happened with a de-escalation with Russia-Ukraine concerns. The Fed Minutes were less hawkish than many expected and that helped risk appetite return a little.

16-02-2022 16:15 GMT by Edward Moya

Japanese yen drifting, Fed minutes next

The Japanese yen continues to have a quiet week and is trading at 115.46 in the North American session, down 0.12% on the day. What next for Ukraine? The US dollar enjoyed a boost earlier in the week as tensions between Russia and the West reached a fever pitch. Now that the situation has stabilized somewhat, investors are breathing easier and the dollar has lost ground.

16-02-2022 10:26 GMT by Kenneth Fisher

Euro steady as Ukraine takes a breath

The euro is flat on Wednesday, as investors keep a close eye on developments on the Ukraine/Russia border. The euro has been acting as a barometer of the crisis, and the currency's lack of movement today reflects a lack of clarity on the part of the markets as to what will happen next. Russia says that it has moved some troops away from attack positions, but the US says there is no proof of this.

16-02-2022 09:43 GMT by Kenneth Fisher

Oil edges up on Ukraine, gold supported

Oil edging higher again as NATO questions Russian withdrawals Oil prices are trending higher again on Wednesday, despite tensions in Ukraine appearing to ease. They spiked late on Friday and at the start of the week as the perceived risk of a Russian invasion increased, threatening to impact supplies in an already extremely tight market. While crude has pulled back from the highs as Russian troops began leaving the border - NATO remains unconvinced by those assurances - the market remains extr

16-02-2022 07:32 GMT by Craig Erlam

Mixed trade ahead of Fed minutes

Stock markets are a little flat on Wednesday as we await the Fed minutes and digest more inflation data from China and the UK. We saw a strong rebound on Tuesday as some Russian troops completed military drills near the Ukrainian border and returned to their normal bases in what was the first de-escalation in the region in weeks. It came at a time when various world leaders were warning about the threat of invasion this week, something Russia repeatedly denied. Friday's warnings carried an add

16-02-2022 07:28 GMT by Craig Erlam

Canadian dollar eyes CPI

Canada's CPI report looms Inflation remains the bane of the economy for many industrialized nations, and Canada has not been immune to this trend. CPI took a step backwards in December, with a reading of -0.1% m/m. However, inflation is expected to have jumped in January, with a consensus of a strong gain of 0.6%.

16-02-2022 07:09 GMT by Kenneth Fisher

Pound edges higher as UK CPI rises

UK inflation rises to 5.5% UK consumers continue to feel the cost-of-living squeeze, as inflation climbed to its highest level in 30 years. January CPI rose to 5.5% y/y, up from 5.4% in December and ticking above the consensus of 5.4%.

16-02-2022 04:59 GMT by Kenneth Fisher

Oil plunge could be short-lived, gold lower

Oil drops as Ukraine crisis eases Crude prices declined over expectations that Russia may soon pull some troops and on optimism that an Iran nuclear deal is within reach. Profit-taking with oil was inevitable after Russia’s Defense Ministry stated that some troops are starting to return to their regular bases after completing drills. Talks between German Chancellor Scholz and President Putin supported market expectations that an imminent Russian invasion seems less likely. The Ukraine situat

15-02-2022 15:23 GMT by Edward Moya

Stocks rebound on easing geopolitical tensions, PPI remains very hot, bitcoin rallies

US stocks rallied on optimism that it doesn’t seem like Russia will invade Ukraine this week and despite another hot PPI report, as many on Wall Street are still not convinced the Fed will be as aggressive as some are calling for this year. The bond market selloff resumed as risk appetite returned following an easing of geopolitical tensions with both the Ukraine situation and Iran nuclear talks.

15-02-2022 15:19 GMT by Edward Moya

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