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The pound is slightly lower on Friday, after taking investors on a roller-coaster ride a day earlier. GBP/USD was up over 100 points on Thursday after the US inflation report, but the pound surrendered almost all of these gains later in the day. The UK treated the markets to data dump on Friday, but the pound shrugged.

11-02-2022 03:42 GMT by Kenneth Fisher

NZD rises, inflation expectations looms

It has been a banner week for the New Zealand dollar, which has climbed 1.79% and gained over a cent. The US dollar is broadly lower on Thursday, and NZD/USD has gained 0.71% on the day, after posting gains every day this week. New Zealand has been hit with high inflation as the country continues to emerge from Covid.

10-02-2022 12:42 GMT by Kenneth Fisher

Oil rallies, gold steady

Oil Crude prices have been in a ping-pong session over the past couple of days as energy traders monitor headlines regarding the Russia-Ukraine geopolitical conflict and Iran nuclear talks. The Biden administration reached out to the Saudis but was unable to make any progress in getting oil prices down.

10-02-2022 12:32 GMT by Edward Moya

Inflation shock, Stocks pare losses as Wall Street eyes half point March Fed rate hike, bitcoin

A hot inflation release has Wall Street bracing for a half-point Fed rate hike in March, with a full percentage point of hikes by July. Everything got more expensive in January and fears remain that it will get worst.

10-02-2022 12:27 GMT by Edward Moya

Bitcoin - Brighter days ahead?

OANDA Senior Market Analyst Craig Erlam discusses bitcoin's resurgence and whether it can be maintained.

10-02-2022 12:26 GMT by Craig Erlam

Pound jumps as US inflation jumps

The British pound finally woke up this week and has punched past the 1.36 level. GBP/USD is trading at 1.3615, up 0.78% on the day. The highly anticipated US inflation reading did not disappoint, coming in a 7.5% y/y for January.

10-02-2022 11:50 GMT by Kenneth Fisher

Gold - Running out of steam?

Rally continues after US inflation data Gold is continuing to rally on Thursday and is on course to register an eighth day of gains in the last nine. That's not bad considering markets are continuing to price in more and more rate hikes from central banks around the world this year. But perhaps that's also the problem. This isn't a gradual tightening process.

10-02-2022 11:11 GMT by Craig Erlam

Crude steady, gold pauses ahead of CPI

Crude prices remain elevated despite progress on nuclear talks Oil prices are marginally lower this morning but Brent crude remains above USD 90 and WTI is only a little shy of it. Prices rose a little on Wednesday after a couple of days of losses following the EIA inventory report, which showed a surprising 4.8 million barrel drawdown. This came as talks appear to be moving in the right direction between the US and Iran, which could see more than a million barrels re-enter the market.

10-02-2022 05:38 GMT by Craig Erlam

Canadian dollar edges higher

The Canadian dollar has posted slight gains on Wednesday. There are no Canadian tier-1 events on the calendar this week, so we can expect US releases will have a magnified impact on the movement of the Canadian dollar this week. With the Fed poised to launch a series of rate hikes starting in March and inflation surging in Canada, it's unlikely that the Bank of Canada will simply fold its hands.

09-02-2022 13:01 GMT by Kenneth Fisher

Oil pops on surprise draw, gold firm ahead of CPI

Oil rallies on tight supplies Oil rallied after a surprise crude draw reinforced how tight the oil market remains. Crude prices have too many catalysts that support a move to USD 100 oil in the near future: Geopolitical tensions across Europe and the Middle East should remain wildcards for oil, crude demand continues to improve as large parts of the world return to normal travel behavior, and as OPEC and non-OPEC output gradually increases. The weekly EIA crude oil inventory report showed sto

09-02-2022 12:19 GMT by Edward Moya

Bond market selloff can’t continue until CPI data, stocks rebound on Bostic and as yields drop, bitcoin eases

US stocks are rising after both Fed’s Bostic assuaged investor fears of an overly aggressive Fed tightening cycle and as the global bond market selloff takes a break in anticipation of tomorrow’s inflation report. Fixed-income traders made it clear early that the 10-year Treasury yield would not break above the 2.00% level before Thursday’s inflation data.

09-02-2022 12:13 GMT by Edward Moya

Aussie rises as risk appetite rises

The Australian dollar has extended its rally for a third straight day. In the North American session, AUD/USD is trading at 0.7179, up 0.49% on the day.

09-02-2022 09:37 GMT by Kenneth Fisher

Oil dips as Iran talks continue, gold flat

Oil eases as talks continue Oil prices are continuing to soften on Wednesday, as traders continue to weigh up the prospect of a nuclear deal between the US and Iran that could see more than a million barrels of oil flood the market at a time when it's very much needed. One eye will also be on the EIA inventory data after API reported a more than two million barrel drawdown on Tuesday. WTI has slipped back below USD 90 but Brent is continuing to hold around there, after finding strong support o

09-02-2022 08:39 GMT by Craig Erlam

Confidence building

Stock markets are making decent gains in Europe on Wednesday and US futures are also being led higher as confidence continues to build following a torrid start to the year. Investors' mood brightens It's hard to pinpoint exactly what has changed; whether it's earnings that are lifting the mood or the soothing tones of central bankers desperately trying to manage expectations. Perhaps it's simply a case of investors coming to terms with the tightening environment and feeling more comfortable wi

09-02-2022 08:34 GMT by Craig Erlam

Will sterling stir on yield differential?

The British pound continues to have a quiet week and is looking for direction. There is plenty of political uncertainty both in the UK and abroad, but the pound remains in calm waters.

09-02-2022 06:09 GMT by Kenneth Fisher

Oil eases, gold extends rally

Oil pares gains as nuclear talks continue The oil price rally is cooling on Tuesday as the US and Iran indirectly continue talks over the nuclear deal that could see more than a million barrels quickly come back online. It couldn't come at a better time given how tight the market is, not to mention politically for President Biden ahead of the midterms.

08-02-2022 13:53 GMT by Craig Erlam

Optimism ahead of Fed and inflation data

We're seeing further signs of stabilization in the markets on Tuesday, as the relatively peaceful start to the week continues. It's been a wild start to the year and it seems investors are embracing the less intense start to the week, probably with an eye on what's to come over the next couple of days. Recent weeks have brought so much anxiety to financial markets as yields have accelerated higher in anticipation of a series of rate hikes from central banks. The inflation data has continued to

08-02-2022 13:46 GMT by Craig Erlam

Market Insights Podcast (Episode 292)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discuss the markets and what's to come over the next couple of days.

08-02-2022 13:24 GMT by Craig Erlam

Crude drops while gold shines

Oil extends losses Crude prices extended declines on a possible de-escalation with the Ukraine situation and possible progress with Iran nuclear talks. This was an easy trade for energy traders as the bullish run higher has clearly hit some exhaustion. Oil’s weakness was primarily from incremental progress over geopolitical tensions and a stronger dollar that emerged from rising Treasury yields. The focus will shift to US stockpiles and expectations are for inventories to post a modest build.

08-02-2022 12:22 GMT by Edward Moya

Stocks turn positive, NFIB all about inflation, Peloton's wild ride, bitcoin rally takes a break

US stocks initially edged lower as Treasury yields continue to climb higher and after a wrath of corporate headlines remind investors that their favorite COVID trades are over. When the world shut down, investors became big fans of Pfizer and Peloton shares, one company provided hope to protect the vulnerable and the other created a cult around home fitness.

08-02-2022 12:15 GMT by Edward Moya

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