OANDA Group
CFXS
Newsletter
Open hamburger menu

All news & analysis

Stay up-to-date with the latest market developments. Discover breaking news, in-depth analysis, expert commentary, and market insights that affects all asset classes, from forex and commodities to stocks and indices. MarketPulse news will help you stay ahead so you can make informed trading decisions.

Australian-dollar-focus.jpg
Australian dollar slightly higher as CPI rises to 4%
The Australian dollar rose 0.40% after the Australian CPI release but has given much of those gains. AUD/USD is trading at 0.6663 in the European session, up 0.24% on the day. Australian inflation surprises on the upside Australia’s CPI accelerated to 4.0% in May, up from 3.6% in April and above the market estimate of 3.8%.
26-06-2024 08:03 GMT by Kenneth Fisher
gold-bars-precious-metals.jpg
Gold prices under pressure as the Dollar Index (DXY), US Yields Rise
Gold continues its decline with $2300/oz firmly back in sight. US Dollar index and US 10Y yield continue to rise, US 10Y now at 4.275%. PCE inflation data could be the catalyst needed for gold prices to find some direction. Fundamental Overview  Gold prices remain under pressure this morning as rising US yields and a stronger US Dollar weigh on the precious metal.
26-06-2024 06:45 GMT by Zain Vawda
money-australian.jpg
AUD/JPY: Aussie outperformance with a hotter AU CPI
Australia’s monthly CPI has increased to 4% from 3.6% in April, a sign of a sticky and elevated consumer inflationary trend. The odds of an RBA interest rate in the near-term horizon have reduced which increased the yield premium of 2-year Australian government bond over JGB. AUD/JPY is likely on a path of bullish acceleration within its medium-term & major uptrend phases.
26-06-2024 05:28 GMT by Kelvin Wong
Australian-Dollar-Symbol-flag-aud-aussie.jpg
Australian dollar edges lower, CPI next
The Australian dollar is slightly lower on Tuesday. AUD/USD is trading at 0.6638 in the North American session, down 0.27% on the day. Australian consumer sentiment climbs Australia’s Westpac Consumer Sentiment index flexed some muscle earlier on Tuesday but that didn’t help the Australian dollar.
25-06-2024 12:04 GMT by Kenneth Fisher
AdobeStock_311952179-e1704307154485.jpeg
Dow Retreats from One-Month Highs, S&P 500 and Nasdaq 100 Edge Higher
Dow Jones Industrial (DJIA) benefits as market participants diversify their holdings. Nvidia leads a recovery for the chip sector following 3.02% of losses yesterday.  S&P 500 and Nasdaq 100 face a major test of a key resistance level if the recovery is to continue. Fundamental Overview  U.S. indices have experienced an intriguing start to the week, with the tech-heavy Nasdaq and S&P 500 facing selling pressure.
25-06-2024 11:13 GMT by Zain Vawda
usd-euro-yen-pound-sterling-usa-europe-england-japan.jpg
Japanese Yen Technical Outlook: USD/JPY, EUR/JPY & GBP/JPY
FX intervention chatter returns, but is it enough for the ailing JPY? USD/JPY at psychological 160.00 handle. EUR/JPY prints morningstar candlestick pattern, hinting at the potential for further upside. Fundamental Overview  The Japanese Yen continues to tread water against its G 7 peers as its monetary policy stance continues to be scrutinized. Many analysts, myself included, had hoped for a bold approach from Bank of Japan (BoJ) Governor Ueda at the June meeting of the BoJ.  The Governor howe
25-06-2024 03:09 GMT by Zain Vawda
frozen-euro.jpg
Euro rises despite soft German business climate
The euro has started the week with gains. EUR/USD is trading at 1.0727 in Monday’s European session, 0.34% on the day. German Business Climate surprises with dip Germany’s Ifo Business Climate surprised on the downside, declining to 88.6 in June.
24-06-2024 12:16 GMT by Kenneth Fisher
AdobeStock_581230141-scaled.jpeg
Oil Price Outlook: Brent Crude Eyes Further Gains on Supply Risks
Crude Oil prices start the week on the front foot, up 0.94% at the time of writing. Geopolitics, supply risks and the summer holidays keep buyers hopeful. MA crossover and support bounce hint at fresh highs this week. Fundamental Overview  Oil benchmarks are trading higher to start the week as supply risks were helped by US dollar weakness.
24-06-2024 12:14 GMT by Zain Vawda
yen-jpy-yuan-chn-sinking.jpg
USD/JPY: Verbal intervention intensified but real intervention may have to wait
The USD/JPY has traded higher in the past 7 sessions and printed an intraday high of 159.85 last Friday, 21 June which coincided with its 34-year high of 160.23 printed on 26 April. Last week’s persistent JPY weakness prompted Japan’s Ministry of Finance Vice Minister-in-charge of the FX market to issue a “firmer” verbal intervention. The current upmove of USD/JPY is more orderly rather than excessive which may not trigger an actual FX intervention from MoF. Watch the key medium-term support of
24-06-2024 06:05 GMT by Kelvin Wong
retail-sales-people-street.jpg
GBP/USD shrugs despite sparkling retail sales
The British pound is slightly lower on Friday. GBP/USD is trading at 1.2636 early in the North American session, down 0.17% on the day. UK retail sales hit 4-month high UK retail sales jumped 2.9% m/m in May, an impressive turnaround from the revised 1.8% decline in April and blowing past the market estimate of 1.8%.
21-06-2024 08:50 GMT by Kenneth Fisher
AdobeStock_170515799-1-scaled.jpeg
Hang Seng Index: Near-term weakness prevails over trade war jitters and soft yuan
Canada’s upcoming new tariffs on Chinese EVs have sparked a potential trade war between G-7 and China. A weaker yuan to indirectly offset the negative impact of trade tariffs on China’s exports may spark a currency war. Fears of a currency war emerging may see lesser capital inflows into Asian stock markets.   This is a follow-up analysis of our prior report, “Hang Seng Index: Improvement in market breadth and southbound flows, the bull run may not be over” dated 5 June 2024.
21-06-2024 07:34 GMT by Kelvin Wong
euro-blue-background-data.jpg
Euro extends losses after soft PMIs release
The euro has edged lower on Friday. EUR/USD is trading at 1.0687 in the European session, down 0.14% on the day. Is the eurozone economy slowing down? The week ended on a sour note in Europe as June PMIs declined in the eurozone.
21-06-2024 05:13 GMT by Kenneth Fisher
AdobeStock_110507722-scaled.jpeg
Gold & Silver test two-week highs on geopolitical concerns and rate cut optimism
Key Points:  Geopolitics return to the fore as concerns mount around the Middle East and Asia.. Safe haven demand sees gold (xau/usd) rise toward 2350 resistance. Silver technicals hint at the potential for further upside. Commodity markets have returned to positive territory this morning, driven by gains in both silver (XAG/USD) and gold (XAU/USD).
20-06-2024 09:36 GMT by Zain Vawda
AdobeStock_311952238.jpeg
Nasdaq 100: Bullish acceleration in play supported by improved market breadth conditions
Short to medium-term market breadth conditions have improved which may offset the potential overconcentration risk inherent in Nvidia. The earlier lagged quality factor has now joined the positive momentum factor to support the ongoing medium-term bullish trends of the S&P 500, and Nasdaq 100. Watch the key medium-term support of 19,240 on the Nasdaq 100. This is a follow-up analysis of our prior report, “Nasdaq 100: Minor melt-up sequence may have hit a roadblock” published on 13 June 2024. Cl
20-06-2024 09:24 GMT by Kelvin Wong
1 … 51 52 53 … 276