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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

Canadian dollar flat, CPI next

It has been a quiet week for the Canadian dollar, despite the crisis between Ukraine and Russia, which has captivated the world's attention. The lack of movement could change on Wednesday, as Canada releases the inflation report for February. Canada CPI expected to rise Canada's CPI looked weak in December, with a reading of -0.1% m/m.

15-02-2022 09:58 GMT by Kenneth Fisher

Oil and gold dip as Ukraine crisis eases

USD 100 oil delayed as Ukraine tensions ease Oil prices have pulled back from yesterday's highs and are off more than 3% on the day as invasion fears recede. Brent and WTI had been on the march to USD 100 but the removal of troops has reduced the likelihood of conflict and, in turn, the risk premium.

15-02-2022 09:20 GMT by Craig Erlam

A big step in the right direction

Risk appetite is much improved on Tuesday following reports that Russia is pulling back some troops, a significant de-escalation that makes the prospect of an invasion this week much less likely. The Kremlin maintains that it never intended to invade Ukraine and the return of some troops to their regular bases following military exercises is proceeding as was always planned. While risks remain elevated, this looks like a big step in the right direction, and investors, like everyone else, are br

15-02-2022 09:09 GMT by Craig Erlam

Euro rebounds as Ukraine tensions ease

The euro has reversed directions on Tuesday, ending a mini-slide that saw the currency drop over 1%. EUR/USD is trading at 1.1353 in the European session, up 0.41% on the day. For those investors getting a headache from non-stop coverage of the Ukraine crisis on BBC or CNN, may I suggest an alternative.

15-02-2022 08:59 GMT by Kenneth Fisher

Pound edges higher as wages jump

Wage growth a warning sign for BoE The UK employment report showed a slight rise in wage growth, raising fears of a wage-inflation spiral, as the country struggles with inflation at its highest level in 30 years. Wage growth rose to 4.3% in Q4, up from 4.2% beforehand and well above the consensus of 3.8%. The upshot is that even though wage growth is rising, real wages are actually falling because inflation is running at a much higher clip than wage growth.

15-02-2022 06:07 GMT by Kenneth Fisher

Aussie rises after optimistic RBA minutes

The Australian dollar has reversed directions and is in positive territory on Tuesday. AUD/USD is trading at 0.7154 in the European session, up 0.37% on the day. RBA preaches patience on rate hikes The RBA released the minutes of the February meeting earlier today, providing a welcome distraction from the incessant news from the Ukraine.

15-02-2022 04:37 GMT by Kenneth Fisher

Oil eyes USD 100, gold shines

Oil rising on Ukraine tensions The possibility of war between Ukraine and Russia has put oil prices on a one-way road higher. The oil market is very tight and geopolitical tensions over Ukraine has energy traders eyeing a crude price move above the USD 100 level. OPEC Secretary General Mohammad Barkindo told reporters that OPEC+ is trying to ensure they will be able to supply oil to global markets.

14-02-2022 15:32 GMT by Edward Moya

An ‘All Right’ rebound was quickly faded, cryptos get a Super Bowl win

Wall Street remain jittery over Ukraine crisis US stocks tentatively rebounded on optimism that the Ukraine-Russia crisis will avoid a war after the Russian Foreign Minister Lavrov said they will engage further diplomatically. Lavrov proposed to President Putin that Russia continue talks with the West and Putin answered, ‘all right’. The geopolitical risks still remain elevated as Russian troops remain at the Ukrainian border, but the risk of military conflict happening this week appears to ha

14-02-2022 15:18 GMT by Edward Moya

Oil edges lower, gold rallies

Oil pares gains but remains well supported Oil prices are a little lower today after spiking on Friday following reports of a potential Russian invasion. Crude prices are inching ever closer to USD 100, something that looked very possible prior to Ukraine risk-premiums being priced in.

14-02-2022 12:13 GMT by Craig Erlam

Another troubling start to the week

Ukraine jitters send markets tumbling Stock markets are getting pummelled on Monday, as investors prepare for a potential Russian invasion of Ukraine this week. Reports since Friday suggest an invasion has gone from being a risk to highly likely and the late sell-off in the US followed by today's plunge reflects that. Coming during a period of high anxiety in the markets and a cost-of-living crisis in many countries, the timing couldn't really be much worse. Europe now finds itself in a very

14-02-2022 12:10 GMT by Craig Erlam

Euro extends losses on Ukraine crisis

The euro has started the week in negative territory, after sharp losses on Friday. EUR/USD is struggling to remain above the 1.13 level. Last ditch efforts to avert war The crisis on the Ukraine/Russia border has reached a fever pitch, with the US saying it expects an invasion as early as Wednesday.

14-02-2022 11:57 GMT by Kenneth Fisher

Pound dips as employment data looms

The pound is down at the start of the week, ahead of the January data report on Tuesday. In the European session, GBP/USD is trading at 1.3551, down 0.31% on the day.

14-02-2022 10:58 GMT by Kenneth Fisher

Aussie weakens as risk appetite slides

The Australian dollar slide continues. AUD/USD is down 0.53% at the start of the week and has fallen below the 0.71 level. Ukraine crisis at fever pitch War in Europe?

14-02-2022 07:39 GMT by Kenneth Fisher

Yen extends gains on Ukraine tensions

The yen has started the trading week with gains, with USD/JPY trading just above the 115 line in the European session. Yen rises on Ukraine worries The crisis on the Ukraine/Russia border continues to dictate movement in the global financial markets. Hopes that the situation might be solved diplomatically deteriorated after the US said it expected an invasion on Wednesday and ordered military and diplomatic personnel to evacuate Ukraine.

14-02-2022 04:55 GMT by Kenneth Fisher

Market Insights Podcast (Episode 293)

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 the latest inflation report, oil price volatility (recorded before Friday's reports that US expects Russia to invade Ukraine), and Bitcoin. They also discuss what the week ahead has in store for financial markets.

11-02-2022 14:59 GMT by Edward Moya

GBP/USD - Can it break 1.37?

A major barrier of resistance The next week could be really interesting for cable, with the Fed and BoE being among the two most aggressive central banks and inflation in both countries continuing to rise rapidly. The pair ran into resistance last month around 1.37, where the 200/233-day SMA band crossed the 50 fib level to provide a considerable barrier of resistance. It's been on the rise again over the last couple of weeks but the past five days has seen more volatility than direction. B

11-02-2022 14:57 GMT by Craig Erlam

US Close: Wall Street rattled on reports US expects Russia to invade Ukraine next week. Yen, Oil, and Gold pop higher, while Stocks, yields, and Bitcoin drop

Wall Street has an inflation hangover as higher rates continue to drag tech stocks down. US stocks were trying to stabilize as yields came in. Yesterday’s inflation shocker has many bond traders believing the Fed is behind the curve and will be delivering several rate hikes. Many Fed members feel inflation will meaningfully decelerate later this year and that is why calls for seven rate hikes might be too aggressive. US stocks were supposed to have a period of calm this afternoon as Treasury

11-02-2022 14:54 GMT by Edward Moya

Week Ahead - Inflation woes continue

Inflation and interest rates have been at the forefront of investors' minds so far this year and that's unlikely to change for some time yet. Earnings season provided a welcome and timely distraction and enabled markets to find some stability but as we saw towards the end of last week, inflation continues to dominate.

11-02-2022 14:14 GMT by Craig Erlam

Oil prices climb, gold stopped by yields

Oil jumps as IEA confirms tight market conditions Oil prices are rallying once more as the IEA raised forecasts for demand this year and confirmed that OPEC+ missed its output targets again in January and by an even wider margin of 900,000 barrels. The group acknowledged that the market is tight right now while highlighting that a nuclear deal between the US and Iran could release 1.3 million barrels of supply.

11-02-2022 08:42 GMT by Craig Erlam

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