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US Close: Stocks rebound on Apple and Employment Cost Index declines

US stocks rallied after both solid results from Apple and a softer-than-expected fourth quarter employment cost index. The Fed Chair closely watches employers costs as that was a key trigger for their hawkish pivot last month.

28-01-2022 15:19 GMT by Edward Moya

Commodities and Cryptos: Crude's great week, Gold extends losses, Bitcoin rebounds

Oil Crude prices have been on fire, rising for a sixth straight week as the demand outlook improves and over geopolitical fears could lead to severe production disruptions. The supply side continues to support a tight market as OPEC+ is expected to stick to their plan of increasing output by 400,000 bpd in March, even though their compliance last month only hit 60% of plan. Now that $90 oil is here, it won’t take much to get prices to $100 and that will just intensify the global energy crisis.

28-01-2022 15:18 GMT by Edward Moya

NZ dollar extends slide - how low will it go?

New Zealand dollar slides to 4-month low The New Zealand dollar is in trouble. NZD/USD is down 0.57% on Friday, after posting losses for six consecutive days.

28-01-2022 07:53 GMT by Kenneth Fisher

US dollar pummelling Swissie

The US dollar is running roughshod over the Swiss franc this week. USD/CHF has shot up 2.16% this week, rising to its highest level since November.

28-01-2022 04:34 GMT by Kenneth Fisher

US Close: Sell the Rally, Tesla falls 10%, King dollar

Market volatility is not going away anytime soon as the ‘buy the dip’ crowd has a new motto, ‘sell the rally’. Today’s stock market rally did not last as corporate America reminded us that supply chain troubles persist, and profit forecasts are not providing any reasons to be optimistic. Many traders are still processing what happened yesterday with the Fed and the reality is that they missed an opportunity. It is hard to aggressively maintain a bullish stance with equities when you know the

27-01-2022 16:35 GMT by Edward Moya

Commodities and Cryptos: Oil falls, Nat Gas Squeeze, Gold breaks $1800, Bitcoin declines

Oil WTI crude prices reversed earlier gains as the dollar surged following better-than-expected economic data that supported the idea that the economy can handle rapid Fed rate hikes. No one is questioning how tight the oil market remains, but there is some exhaustion after making fresh seven-year highs and that has led to some profit-taking.

27-01-2022 16:35 GMT by Edward Moya

Market Insights Podcast (Episode 288)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discussed the Fed, US GDP, gold and the week ahead.

27-01-2022 14:56 GMT by Craig Erlam

Heading for a Bear Market?

OANDA Senior Market Analyst Craig Erlam discusses the NAS100 and whether it's heading for a bear market in light of the multiple rebounds we've seen this week.

27-01-2022 14:51 GMT by Craig Erlam

Pound extends losses to 4-week low

The US dollar has posted strong gains against the majors on Thursday, and GBP/USD has fallen 0.64% on the day, trading below the 1.34 line. It has been a dismal week for the pound, which has lost 1.29% in value. Powell powers the US dollar upwards The FOMC didn't make any changes to policy at Wednesday's meeting, but what the Fed said and didn't say was enough to cause more volatility in the fragile financial markets.

27-01-2022 12:38 GMT by Kenneth Fisher

Oil rises, gold tumbles on Fed

Oil has sight set on USD 100 Oil prices are making decent gains again on Thursday, with Brent once more above USD 90 which is naturally leading to talk of USD 100 oil and when it will happen. The environment continues to be very bullish for oil prices, given supply issues within OPEC+, strong demand, and now, geopolitical risk premiums.

27-01-2022 11:08 GMT by Craig Erlam

Another rebound despite hawkish Fed

It's been a remarkable week so far in financial markets and it seems there's still plenty more to come. It's been a tough month for investors, forced to watch on as central bank tightening expectations hammered risk appetite and, in turn, stock markets. This has been largely accepted as a consequence of inflation being allowed to run hot for too long but this week, the fightback has started. Monday's turnaround was incredible.

27-01-2022 10:59 GMT by Craig Erlam

Euro rattled as Fed sends hawkish message

What started off as a calm week has turned into a rout. The euro is down 0.83% in the North American session and has fallen into 1.11 territory for the first time since June 2020.

27-01-2022 09:23 GMT by Kenneth Fisher

BoC and Fed send CAD for a ride

USD/CAD has edged higher on Thursday and briefly pushed above the 1.27 line for the first time in three weeks. The Canadian dollar continues to lose ground and is down 1% this week. Wednesday was a busy day on the central bank watch, with both the Bank of Canada and the Federal Reserve holding meetings. The BoC meeting was live, with analysts split as to whether the bank would raise rates.

27-01-2022 07:18 GMT by Kenneth Fisher

NZD falls to 11-week low on hawkish Fed

The New Zealand dollar is in negative territory on Thursday, after posting five straight losing sessions. In the Asian session, NZD/USD fell below the 0.66 line for the first time since November 2nd and is down 0.40% on the day. New Zealand CPI hits 5.9% New Zealand consumer inflation surged to 5.9% in Q4, up from 4.9% in the third quarter.

27-01-2022 05:34 GMT by Kenneth Fisher

Fed and BOC Day: Fed sets up March Liftoff, Balance Sheet later, BOC holds

Fed Day: US stocks gave up earlier gains as Treasury yields surged after Fed Chair Powell signaled they will use their tools to make sure inflation does not become entrenched, paving the way for a March liftoff. Earlier, the stock market may have gotten too pessimistic and priced in too much of a slowdown that was going to come from an aggressive Fed tightening cycle.

26-01-2022 16:04 GMT by Edward Moya

Commodities and Cryptos: Oil won't stop rising, Gold falls, Bitcoin higher

Oil Brent crude prices breached the $90 level, the highest level since 2014, joining a broad risk-on Wall Street move and shrugging off a somewhat bearish EIA crude oil inventory report. Energy traders are anticipating higher energy prices on potential geopolitical risks and as OPEC+ will stick to their plan to deliver another modest increase to production at next week’s meeting. Oil inventories posted a larger build than expected, jet fuel demand plunged, gasoline imports dropped, demand imp

26-01-2022 16:04 GMT by Edward Moya

Market Insights Podcast (Episode 287)

OANDA Senior Market Analyst Ed Moya previews the day's market news with Jonny Hart. They discussed markets, preview the FOMC decision, recap the BOC hawkish hold, oil price volatility and all the fundamental drivers, and cryptos.

26-01-2022 15:37 GMT by Edward Moya

GBPCAD - Jumps as BoC resists raising rates

No breakout yet, though The pound has been range-bound against the Canadian dollar for the last week and that remains the case so far today, despite the Bank of Canada holding off on raising interest rates. It had been expected to start the tightening cycle today, with the market's pricing in up to five more over the course of the year after inflation hit a 30-year high and the labour market improved. But with the central bank taking a more patient approach and instead laying the foundations

26-01-2022 11:58 GMT by Craig Erlam

Pound steady ahead of FOMC

The British pound has ticked higher, trading just above the 1.35 line in the North American session. We could see stronger movement from GBP/USD later today, after the release of the FOMC policy decision. The British pound is sensitive to risk, so a strong reaction from the financial markets will likely be reflected in the pound's movement as well. Investors are keeping both eyes on the FOMC policy meeting, although policy makers are not expected to make any changes in monetary policy.

26-01-2022 11:44 GMT by Kenneth Fisher

NZ dollar flat ahead of CPI and the Fed

It has been a quiet week for the New Zealand dollar, but that could change later in the day, with two key releases. The Federal Reserve holds a policy meeting and New Zealand releases CPI for the fourth quarter. The currency markets have been steady this week, in contrast to the equity markets, which have seen sharp drops ahead of today's FOMC meeting, the first in 2022.

26-01-2022 09:46 GMT by Kenneth Fisher

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