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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

Oil rises, gold faces key resistance

Oil rally continues as output continues to fall short Oil prices are edging higher again at the start of the week as it continues its remarkable run since bottoming in early December. It's up more than 30% over that time and there still appears to be momentum in the move.

17-01-2022 13:28 GMT by Craig Erlam

Cautiously higher

European stock markets moved cautiously higher on Monday as investors were tempted back in after a turbulent start to the year. It's been a relatively quiet start to the week, with the US bank holiday naturally weighing on activity. With that in mind, I don't think we can read too much into today's advances, especially as they're occurring alongside rising yields which doesn't seem particularly sustainable at a time of such anxiety in the markets. It will be interesting to see if investors are

17-01-2022 13:24 GMT by Craig Erlam

Euro calm in holiday-thin trade

It's a quiet start to the week for the euro, which is trading just above the 1.14 line in the North American session. The US markets are closed today for Martin Luther King Day, so it's likely to remain an uneventful day for EUR/USD. There are no tier-1 events on the schedule on Monday, but Germany releases the well-respected ZEW Economic Sentiment index for January on Tuesday.

17-01-2022 12:09 GMT by Kenneth Fisher

Japanese yen dips, BoJ meeting next

The US dollar has edged higher at the start of the week. In the European session, USD/JPY is trading at 114.56, up 0.36% on the day.

17-01-2022 11:06 GMT by Kenneth Fisher

Pound drifting, US markets on holiday

The British pound is flat as we start the new trading week. The currency enjoyed another positive week and GBP/USD has now risen for four consecutive weeks, as the US dollar continues to struggle. There are two factors behind which are driving the pound higher.

17-01-2022 07:31 GMT by Kenneth Fisher

CAD edges higher ahead of BoC survey

The Canadian dollar has started the week with gains and could break below the symbolic 1.25 level during the day. US markets are closed for Martin Luther King Day, so I expect a quiet North American session.

17-01-2022 07:15 GMT by Kenneth Fisher

Pound drifting close to 1.37

The British pound is flat as we start the new trading week. The currency enjoyed another positive week and GBP/USD has now risen for four consecutive weeks, as the US dollar continues to struggle. There are two factors behind which are driving the pound higher.

17-01-2022 04:43 GMT by Kenneth Fisher

Market Insights Podcast (Episode 282)

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, Fed Chair Powell's testimony, JPMorgan earnings, and Dogecoin. They also discuss what the week ahead has in store for financial markets.

14-01-2022 15:24 GMT by Edward Moya

US Close: Wage inflation worries send stocks lower, US data

US stocks struggled after the big banks had a rough start to earnings season. JPMorgan shares dropped sharply over fears that surging expenses and wage inflation may lead to a greater profit miss over the next couple of years. Risk appetite did not get any favors from a wrath of US economic data that missed expectations, raising fears that the underlying recovery is vulnerable.

14-01-2022 15:19 GMT by Edward Moya

Commodity and Cryptos: Oil rallies, gold pares weekly gain, Musk pumps up Dogecoin

Crude prices continue to rally on optimism that the oil market will remain tight as COVID pandemic starts to move into the endemic phase. Money managers are turning very bullish with Brent crude, sending bullish bets to an 11-week high. Today’s oil price rally is very impressive given how strong the dollar is today.

14-01-2022 15:18 GMT by Edward Moya

Week Ahead - Interest rate anxiety heightened

It's been a turbulent start to the year in the markets and that's unlikely to change as we move into earnings season. Fear of high inflation and accelerated monetary tightening is driving much of the volatility that we're seeing in financial markets over the last couple of weeks and that's unlikely to abate any time soon, with peak inflation still probably ahead of us.

14-01-2022 12:34 GMT by Craig Erlam

Oil rally, gold resilient, bitcoin unloved

European energy crisis deepens, while oil continues higher Oil prices are higher again on Friday, continuing to trade around the highest levels seen in more than seven years. We could potentially be seeing some signs of exhaustion in the rally, with momentum indicators easing despite price continuing higher, but we're not seeing it to any significant degree.

14-01-2022 09:59 GMT by Craig Erlam

The return of interest rate anxiety

Further pain ahead? A late sell-off in the US on Thursday is weighing heavily on sentiment around the globe with Asia ending the week on a negative note and Europe heading for a similar finish. Tech was once again hit the hardest as interest rate anxiety kicked in. The rebound looked premature and yesterday showed investors don't have the stomach for a sustainable rebound yet.

14-01-2022 09:55 GMT by Craig Erlam

CAD higher ahead of US retail sales

The Canadian dollar is in positive territory and continues to have an excellent week, with gains of 1.28%. The currency is back below 1.25 and is looking to close below this symbolic line for the first time since mid-November. This week's robust rally by the Canadian dollar is more a case of greenback weakness rather than loonie strength, as the US dollar has retreated broadly against the major currencies this week.

14-01-2022 07:15 GMT by Kenneth Fisher

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