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Euro edges lower despite positive inflation report

The euro has posted slight losses on Friday. EUR/USD is down 0.28%, trading at 1.0837 in the North American session at the time of writing. Eurozone CPI steady, core CPI falls The April inflation report showed that headline inflation remained steady at 2.4% y/y, holding at its lowest level in almost three years.

17-05-2024 07:44 GMT by Kenneth Fisher

Pound edges lower, markets eye FedSpeak

The British pound is down slightly on Friday. GBP/USD is down 0.14%, trading at 1.2648 in the European session at the time of writing. It has been a good week for the pound, which has gained 1% against the US dollar.

17-05-2024 05:05 GMT by Kenneth Fisher

Australian dollar hits 4-month high

The Australian dollar is lower on Friday. AUD/USD is currently trading at 0.6658 in the European session, down 0.31% on the day. The Aussie touched a high of 0.6714 on Thursday, its highest level since January 10th.

17-05-2024 04:25 GMT by Kenneth Fisher

Euro edges lower after ECB’s financial stability warning

The euro has posted slight losses on Thursday. EUR/USD is down 0.20%, trading at 1.0860 in the North American session at the time of writing. ECB warns of risks to financial stability The ECB’s Financial Stability Review expressed concern that financial stability could be affected by the possibility of “adverse economic and financial surprises”.

16-05-2024 10:09 GMT by Kenneth Fisher

USD/JPY steady as Japanese economy contracts

The Japanese yen climbed as much as 0.85% earlier on Thursday but has pared most of those gains. USD/JPY is trading at 155.38, up 0.31% in the European session. Japan’s economy contracted in the first quarter.

16-05-2024 09:22 GMT by Kenneth Fisher

Australian dollar surges after US inflation ease

The Australian dollar is lower on Thursday after surging 1% a day earlier. AUD/USD is currently trading at 0.6671, down 0.33% on the day. Australian job growth rebounds but unemployment rate rises Australian employment bounced back in April with an increase of 38,500 after a decline of 5,900 in March and higher than the market estimate of 23,700.

16-05-2024 07:52 GMT by Kenneth Fisher

USD/JPY jumps as US inflation drops more than expected

The Japanese yen has posted gains on Wednesday. The yen gained as much as 1% but has given up about half of those losses on the day.

15-05-2024 10:14 GMT by Kenneth Fisher

Euro steady after mixed eurozone data, US CPI next

The euro is drifting on Wednesday. EUR/USD is down 0.04%, trading at 1.0825 in the European session at the time of writing. Eurozone GDP rises, industrial production eases The eurozone economy rebounded in the first quarter.

15-05-2024 07:31 GMT by Kenneth Fisher

EUR/USD - USD/JPY - USD/CAD Technical Analysis Overview ahead of US CPI and Retail Sales

Talking Points US Consumer Price Index - US CPI US Retail Sales EUR/USD Daily Chart - Technical Analysis USD/JPY Daily Chart - Technical Analysis USD/CAD Weekly Chart - Technical Analysis US Consumer Price Index - US CPI The core CPI, which excludes Energy and food products, came in at 3.8% in March, slightly higher than 3.75% in February 2004. The uptick was mainly driven again by a rise in the cost of services.

15-05-2024 06:58 GMT by Moheb Hanna

Gold Technical: Stagflation risk and a softer US 10-year Treasury real yield are supporting the bulls

Stagflation risk has led to a softer US 10-year Treasury real yield below 2.38%. The 6% decline of Gold (XAU/USD) from its recent all-time high in April may have reached an inflection point to kickstart another potential medium-term impulsive bullish sequence. Watch the key short-term support of US$2,327 on Gold (XAU/USD). This is a follow-up analysis of our prior report, “Gold Technical: A floor may have been formed for the bulls” published on 6 May 2024.

15-05-2024 06:36 GMT by Kelvin Wong

Australian dollar higher, wage growth dips lower

The Australian dollar has extended its gains on Wednesday. AUD/USD is up 0.24%, trading at 0.6642 in the European session at the time of writing. Has Australia’s wage growth peaked? Australian wages rose less than expected in the first quarter, a sign that inflationary pressures may be easing. The wage price index rose 0.8% q/q in the first quarter, down from a revised 1% in Q4 2023 and below the market estimate of 0.9%.

15-05-2024 06:13 GMT by Kenneth Fisher

AUD/USD gains ground ahead of wage growth

The Australian dollar has posted gains on Tuesday. AUD/USD is up 0.19%, trading at 0.6620 in the North American session at the time of writing. Australian wage growth expected to remain unchanged Australia’s wage growth for the first quarter is expected to remain unchanged.

14-05-2024 10:56 GMT by Kenneth Fisher

EUR/USD steady as German confidence index rises

The euro is drifting on Tuesday. EUR/USD is up 0.07% on Tuesday, trading at 1.0798 in the European session at the time of writing. German inflation steady, confidence higher Germany’s inflation rate remained unchanged in April at 2.2% y/y, matching the market consensus.

14-05-2024 08:16 GMT by Kenneth Fisher

A steeper JGB yield curve may kickstart another bullish leg in the Nikkei 225

Nikkei 225 has undergone a 4-week corrective decline of 10.6% since its 41,088 all-time high printed on 22 March. Nikkei 225 major uptrend phase in place since 4 January 2023 remains intact. BoJ’s recent announcement on its reduction of 5 to 10-year JGBs purchases has led to a spiked up in JGBs yields that implied BoJ may have loosened its grip on “yield control”. A further steepening on the JGBs yield curve may trigger a positive feedback loop back into the Nikkei 225. This is a follow-up ana

14-05-2024 07:16 GMT by Kelvin Wong

Pound edges lower as UK labor market cools

The British pound has posted slight losses on Tuesday. GBP/USD is down 0.08%, trading at 1.2548 in the European session at the time of writing. UK job growth slides The UK labor market continues to show cracks as job growth was sharply lower in today’s employment report.

14-05-2024 06:37 GMT by Kenneth Fisher

Market Insights Podcast - US CPI , Fed Speak from Powell, China retail sales and industrial production looms

OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week's key economic data and events. Firstly, after a slew of Fed Speak from officials Bowman, Daly, Bostic, Collins, Kashkari, and Barkin last week that erred towards a "higher-for-longer" approach in terms of the direction of the Fed funds rate; for this week, market participants will hear from the helm of the Fed, Chair Powell's view via his public speeches on Tuesday (14 May).

13-05-2024 20:36 GMT by Kelvin Wong

Japanese yen under pressure, BoJ trims bond purchases

The Japanese yen has edged lower on Monday. USD/JPY is up 0.26% on the day and is trading at 156.17 at the time of writing.

13-05-2024 11:25 GMT by Kenneth Fisher

GBP/USD higher with eye on employment report

The British pound is slightly higher on Monday. GBP/USD is up 0.20%, trading at 1.2549 in the European session at the time of writing. UK job growth expected to slide The UK labor market has held up well despite high interest rates but cracks have appeared and Tuesday’s job report is expected to be soft.

13-05-2024 08:04 GMT by Kenneth Fisher

NZ dollar edges lower as inflation expectations fall

The New Zealand dollar has edged lower on Monday. NZD/USD is down 0.17% on the day, trading at 0.6009 in the European session at the time of writing. NZ inflation expectations ease to 2.3% New Zealand’s inflation expectations fell to 2.3% in the second quarter, its lowest point since Q3 2021.

13-05-2024 05:04 GMT by Kenneth Fisher

NZ dollar dips as Manufacturing PMI contracts

The New Zealand dollar is lower on Friday. NZD/USD is down 0.31% on the day, trading at 0.6015 in the European session at the time of writing. New Zealand manufacturing has been in a prolonged slump and the April Manufacturing PMI remained in contraction, with a reading of 48.9, up from 47.1 in March.

10-05-2024 08:24 GMT by Kenneth Fisher

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