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Rollercoaster start to the week It's been an awful couple of months for bitcoin , plunging more than 50% from its highs and looking extremely vulnerable to further losses. What started as a correction in the cryptocurrency has morphed into part of a broader sell-off that's pummelled bitcoin along with other risk assets. The concerning thing for bitcoin is that there is still plenty of anxiety in the markets and it is not far away from a massive support level . Some may be encouraged by the re

24-01-2022 16:39 GMT by Craig Erlam

US Close: Stocks Claw back, Fed Preview, Oil drops, Gold steady, Bitcoin fights for its life

Stocks tried to claw their way back from a massive Monday liquidation that stemmed from rising fears of aggressive Fed tightening and on fears of Russian invasion of Ukraine. Investors may have gotten a bit too pessimistic about the growth outlook and the market selloff looked more like a reaction that the Wall Street was thinking the Fed could signal a 50-basis point rate hike for the March meeting and a late spring kickoff to the balance sheet runoff. Fed Preview Market expectations going in

24-01-2022 15:22 GMT by Edward Moya

Oil prices ease, gold pares gains

Oil lower but fundamentals remain bullish Oil prices are lower at the start of the week as we continue to see some profit-taking alongside another hit to risk appetite. It's been a remarkable rally and there's nothing to suggest that prices are peaking.

24-01-2022 11:39 GMT by Craig Erlam

Make or Break Week

Another woeful start to trading on Monday, as heightened geopolitical risk compounds investor anxiety and drags on risk assets. It could be a make or break week for the markets, with the Fed meeting on Wednesday, big tech earnings, and ongoing tensions on the Ukraine/Russia border. That may sound a bit over the top given how deep a correction we've already seen, particularly in the Nasdaq, but it could get much worse before it gets better. Wednesday is going to be massive.

24-01-2022 11:36 GMT by Craig Erlam

Euro dips despite strong mfg. data

The euro has edged lower at the start of the week and dipped below the 1.13 line in the European session. EUR/USD is trading at 1.1315 in the North American session, down 0.25% on the day, as the US dollar is broadly higher. German PMIs outperform The week started with strong German data, as PMIs pointed to faster expansion in manufacturing and services for January.

24-01-2022 11:19 GMT by Kenneth Fisher

Canadian dollar extends slide

The Canadian dollar has started the week with losses, continuing the downswing we saw on Friday. USD/CAD is up over 1% since Thursday, as the US dollar is broadly higher against the major currencies. The week ended on a sour note for the Canadian dollar, due to weak Canadian data.

24-01-2022 10:23 GMT by Kenneth Fisher

Market Insights Podcast (Episode 286)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart and previews the week ahead. They discussed another sell-off in equity markets, bitcoin's plunge, and Boris Johnson.

24-01-2022 08:38 GMT by Craig Erlam

Japanese yen at 5-week high

After gaining ground over three straight sessions, the Japanese yen has paused on Monday, as it trades around 113.80. Markets eye BoJ inflation gauge Inflation indicators continue to garner attention in Japan, which is showing inflationary pressures after years of deflation. December core CPI climbed 0.5% y/y, just shy of the 0.6% forecast.

24-01-2022 07:01 GMT by Kenneth Fisher

Aussie falls to 2-week low

The Australian dollar is in negative territory to start the week. AUD/USD is down about one percent since Thursday as the pair remains under pressure ahead of the Australian CPI release on Tuesday.

24-01-2022 05:11 GMT by Kenneth Fisher

Bitcoin Weekend Plunge: 50% off Record Highs

Cryptocurrency traders have been suffering a slow painful death after the Fed ran out of excuses in tackling inflation. In just a few months, Wall Street had to reprice a much more aggressive Fed tightening strategy that made Bitcoin go from having a simple correction, to entering bear market territory, and now has fallen over 50% from its record highs. Many crypto traders were anticipating one last plunge before jumping back in, but the regulatory environment got a lot cloudier now that the Wh

22-01-2022 12:50 GMT by Edward Moya

US Close: Market jitters ahead of Fed and massive earnings week, Netflix tanks

Wall Street has gone from debating how aggressive one should rotate out of tech into cyclicals, to sell it all. US stocks have been on a rollercoaster ride after abysmal results from Netflix.

21-01-2022 14:08 GMT by Edward Moya

Commodities: Oil rally pauses, Gold lower, Bitcoin breaks $40k

Oil Energy traders were not surprised to see the oil price rally slow down. WTI crude fell after a surprise build with US stockpiles and following a bloodbath on Wall Street that sent risky assets into freefall. Crude prices may not have a one-way ticket to $100 oil, but the supply-side fundamentals certainly support that could happen by the summer. The next few trading sessions could be difficult for energy traders as oil prices may move more so on investor positioning ahead of Wednesday’s FO

21-01-2022 14:07 GMT by Edward Moya

Market Insights Podcast (Episode 285)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart and previews the week ahead. Today they discussed the market's response to Netflix earnings, bitcoin falling below $40,000, and the week ahead.

21-01-2022 13:31 GMT by Craig Erlam

Week Ahead - Fed and earnings in focus

Earnings season is off to a rocky start and not only are investors not comforted by what they're seeing, but it's also contributing to the unease in the markets. The next week will be huge after an awful start to the year that's brought inflation and interest rate anxiety, earnings disappointment, and increased geopolitical risk.

21-01-2022 13:12 GMT by Craig Erlam

Oil prices ease, gold may have room to run

How long until oil bulls jump back in? Oil prices are slipping more than 1% at the end of the week, pulling back a little further from the highs just short of $90. The decline came shortly after the EIA inventory data on Thursday, which showed a surprising rise against expectations of a 2.1 million barrel decline.

21-01-2022 08:07 GMT by Craig Erlam

Another blow to sentiment

A turbulent end to the week with widespread selling as underlying anxiety in the markets once again takes hold. The hope going into earnings season was that companies were going to settle the nerves. That we were about to get a reminder of the strength of the economy and the resilience we've seen over the last couple of years.

21-01-2022 08:02 GMT by Craig Erlam

Pound dips after soft retail sales

The British pound has edged lower in Friday trading. In the European session, GBP/USD is trading at 1.3558, down 0.28% on the day. UK Retail Sales slide UK retail sales had a dismal December.

21-01-2022 07:44 GMT by Kenneth Fisher

Oil pares gains, gold steady

Oil market remains tight Crude prices initially shrugged off a mostly bearish EIA crude oil inventory report. Shortly after the weekly oil report release, the Russian Energy ministry noted refiners continue to struggle to have minimal crude capacity offline. The oil market remains very tight and despite the EIA’s surprise build with crude oil inventories and greater than expected gasoline build, crude prices are poised to head higher. The EIA report showed US production remained steady at 11

20-01-2022 15:39 GMT by Edward Moya

Global bond yields slide as stocks rebound, US data, bitcoin rallies

US stocks breathed a tentative sigh of relief now that the bond market selloff appears to be taking a break. In just a few weeks, Wall Street has gone from pricing in a gradual tightening of policy to a hurry-up offense that could deliver 4 to 5 rate hikes this year and a balance sheet reduction kickoff this spring. Fed tightening expectations have been overdone and investors are now scaling back into risky assets. US data Investors quickly shrugged off a rather hot initial jobless claims re

20-01-2022 15:35 GMT by Edward Moya

USD/JPY dips ahead of Japanese CPI

The Japanese yen has edged higher for a second straight day. In the North American session, USD/JPY is trading at the 114.00 line. In economic news, Japan releases December inflation data and the BoJ will publish the minutes of its December meeting.

20-01-2022 12:09 GMT by Kenneth Fisher

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