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The Canadian dollar has posted slight gains and has pushed USD/CAD back below the 1.25 line. Canadian inflation hits 30-year high Investors are getting accustomed to seeing headlines that inflation has surged to 30-year highs. First, it was US inflation, followed by the UK just this week, and now Canada has joined the club of surging inflation.

20-01-2022 07:52 GMT by Kenneth Fisher

Aussie extends gains on jobs data

The Australian dollar is in positive territory for a second straight day. In the European session, AUD/USD is trading at 0.7233, up 0.30% on the day.

20-01-2022 05:39 GMT by Kenneth Fisher

Oil's one-way move, gold breakout,

Oil keeps rolling It appears that crude prices are still on a one-way street headed towards USD 100 oil. The improving demand outlook and vulnerable supply situation suggest the oil market will remain tight for the foreseeable future. It seems like the list of disruptions to supply keeps on growing, in the past week the following countries have been impacted: Libya, the US (North Dakota), Peru, Iraq to Turkey, UAE, and Kazakhstan. The lack of investment in new wells suggests the oil market wi

19-01-2022 15:38 GMT by Edward Moya

Rollercoaster stock ride, globally hot CPI reports, earnings, US housing data, BOC to hike, yields reverse, bitcoin struggles

Stocks went on a wild ride as global bond yields reacted to a steady stream of hot global inflation reports, decent earnings, all while the Nasdaq tentatively fell to correction territory. Inflation in both Canada and the UK hit the highest level in three decades. There is a 75% chance the Bank of Canada will hike interest rates next week and the BOE should deliver a second rate hike at the next meeting on February 3rd.

19-01-2022 15:34 GMT by Edward Moya

Market Insights Podcast (Episode 284)

OANDA Senior Market Analyst Ed Moya previews the day's market news with Jonny Hart. They discussed markets, both UK and Canadian CPI data reaching highest level in three decades, recap Goldman Sach's earnings, oil hitting a seven-year high, China's GDP data, and the recent bond market volatility.

19-01-2022 14:52 GMT by Edward Moya

Aussie rises ahead of key employment data

The Australian dollar has reversed directions and pushed above the 72 line. In the North American session, AUD/USD is trading at 0.7224, up 0.54% on the day. Australia will release December employment numbers in Thursday's Asian session.

19-01-2022 11:59 GMT by Kenneth Fisher

Sterling rises as UK inflation jumps

The British pound is in positive territory after falling for three straight days. GBP/USD has pushed above the 1.36 line and is trading at 1.3635 in the North American session, up 0.27% on the day. UK inflation hits 30-year high Anyone reading the news has seen plenty of headlines screaming "US inflation hits 30-year high!".

19-01-2022 10:18 GMT by Kenneth Fisher

Oil posts gains, gold calm

Oil gathering momentum as USD 100 oil looks increasingly likely Oil prices are continuing to climb on Wednesday and find themselves only a little shy of USD 90 a barrel. This happened as IEA confirmed that the market looks tighter than previously anticipated as a result of stronger demand, despite omicron, and the inability of OPEC+ to hit its monthly increased production targets.

19-01-2022 09:18 GMT by Craig Erlam

Temporary reprieve

Equity markets are recovering some of yesterday's losses but anxiety and uncertainty continue to dominate after a disappointing start to earnings season. Inflation and interest rate concerns are going nowhere soon and with traders now increasingly considering the possibility of hikes larger than 25 basis points, the possibility of more pain in stock markets is very real. The idea that we could go from rock bottom rates and enormous bond-buying to rapid tapering, 50 basis point hikes, and earli

19-01-2022 09:13 GMT by Craig Erlam

Canadian dollar falls below 1.25

The Canadian dollar continues to push higher and USD/CAD has dropped below the symbolic 1.25 line. The pair is currently trading at 1.2476 and is close to 1.2553, its lowest level since November 10th. US Treasury rates continue to move higher.

19-01-2022 07:35 GMT by Kenneth Fisher

NZD rises as US dollar rally pauses

After falling over 1% since late last week, the New Zealand dollar is in positive territory on Wednesday. NZD/USD is trading at 0.6785 in the European session, up 0.19% on the day. ANZ says RBNZ to hike up to 3% The RBNZ has embarked on a series of incremental interest rate hikes, starting with two hikes of 25 bps in the fourth quarter of 2021, bringing the current rate to 0.75%.

19-01-2022 04:44 GMT by Kenneth Fisher

Commodity and Cryptos: Oil breaks out, Gold hovers, Cryptos lower

Oil The best trade on Wall Street for many traders is the rally in crude prices and energy stocks. A lot of fundamentals just flipped to bullish and that could have oil prices continue to push higher.

18-01-2022 17:19 GMT by Edward Moya

US Close: Stocks selloff as bond yields soar, Empire Survey plunges, NAHB edges lower, Goldman shows employees the money

The stocks market is selling off after disappointing earnings from Goldman Sachs, the Empire State manufacturing survey showed growth stalled in January, and as surging yields have investors abandoning rate-sensitive sectors such as technology. The emergence of skyrocketing expenses for Wall Street banks has many investors worried that wage inflation may have been broadly underpriced across the entire US economy. US data The Empire manufacturing data delivered a massive miss as omicron cripple

18-01-2022 17:17 GMT by Edward Moya

Oil at 7-year high, gold steady

Oil jumps as OPEC see a well-supported market Oil is trading at a seven-year high and the latest OPEC report offers little hope of that trend reversing course, with the group confident that demand growth will remain strong this year. OPEC sees demand hitting 100m barrels per day in Q3, surpassing pre-pandemic levels this year.

18-01-2022 13:19 GMT by Craig Erlam

More risk aversion

It didn't take long for the early week optimism to fade, with Europe posting decent losses on Tuesday and Wall Street coming back to steep declines after the bank holiday weekend. Once again, it seems, the fault lies in the bond market where yields have been rising across the board which is unsettling investors and taking a heavy toll on risk assets. We have seen some of those rises in yields pared back, which has eased some of the pressure in stocks but anxiety still very much remains.

18-01-2022 13:17 GMT by Craig Erlam

Market Insights Podcast (Episode 283)

OANDA Senior Market Analyst Craig Erlam previews the day's market news with Jonny Hart. They discussed markets, UK jobs data, Bank of Japan, and oil hitting a seven-year high.

18-01-2022 12:23 GMT by Craig Erlam

Canadian dollar calm

The Canadian dollar continues to have a quiet week. In the North American session, USD/CAD is trading around 1.2530. Canada's Manufacturing sales climbed for a second consecutive month in November, with a gain of 2.6% that was reflected by higher sales across the sector.

18-01-2022 12:04 GMT by Kenneth Fisher

AUD slips below 72, consumer confidence next

The Australian dollar has dropped below the 0.72 level on Tuesday. In the North American session, AUD/USD is trading at 0.7180, down 0.42% on the day. US yields on the move The US dollar is broadly higher today, buoyed by a jump in US bond yields after Monday's holiday in the US.

18-01-2022 10:48 GMT by Kenneth Fisher

Pound edges lower as US Treasuries jump

The British pound has extended its losses as GBP/USD has fallen for a third successive day. The pair has fallen below the 1.35 line in the European session. US yields hit 2-year high The US dollar has received a boost as 10-year yields have pushed above the 1.80% and touched a 2-year high.

18-01-2022 07:40 GMT by Kenneth Fisher

Yen steady after BoJ meeting

The US dollar has posted small gains, as USD/JPY briefly punched above the 115 line in the Asian session. The yen looked golden last week with gains of 1.15%, but has given up half of those gains so far this week. BoJ revises inflation forecast The Bank of Japan's policy meetings are generally uneventful affairs, with the bank reaffirming its monetary policy.

18-01-2022 06:28 GMT by Kenneth Fisher

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