All Articles

MCPE-0109-Podcast-Thumbnail-Orange-–-1280x720-2.png

Market Insights Podcast - Markets dismiss hawkish central bank rhetoric

OANDA Senior Market Analyst Craig Erlam joins Jonny Hart and Trader Nick to discuss the ECB and BoE announcements, today's Fed commentary, and today's PMI surveys.

15-12-2023 14:53 GMT by Craig Erlam

MCPE-0109-YT-Thumbnail-White-–-1280x720-1.png

Hedging the Markets - EURUSD rallies after the Fed and ECB (video)

OANDA Senior Market Analyst Craig Erlam discusses the moves in EURUSD after the Fed and ECB announced their latest interest rate decisions and released forecasts.

15-12-2023 12:11 GMT by Craig Erlam

British pound steady after mixed PMIs

UK Services PMI accelerates, Manufacturing PMI declines Bailey's dampens rate cut expectations The British pound is steady on Friday, after posting gains of 1.1% a day earlier. In the European session, GBP/USD is trading at 1.2767, up 0.03%. UK PMIs a mix British PMIs were a mixed bag in December.

15-12-2023 06:56 GMT by Kenneth Fisher

Euro dips on soft Services PMIs

Eurozone, German Service PMI ease in December Euro snaps four-day rally The euro has snapped a four-day winning streak on Friday. In the European session, EUR/USD is trading at 1.0949, down 0.38%.

15-12-2023 04:54 GMT by Kenneth Fisher

Australian dollar extends gains on Chinese data

China industrial production and retail sales accelerate Australian dollar extends gains The Australian dollar has extended its gains on Friday. In the European session, AUD/USD is trading at 0.6713, up 0.23%.

15-12-2023 04:11 GMT by Kenneth Fisher

WTI Oil Technical: Medium-term downside momentum has eased

Two key positive technical analysis elements have emerged at the US$67.55/66.35 major support zone. The current medium-term downtrend phase from September 2023 may have reached a terminal point for a potential bullish reversal. China’s rosy retail sales and industrial production for November managed to offset downbeat housing data that provided a short-term tailwind for oil prices. The medium-term downtrend phase of West Texas Oil (a proxy of WTI crude oil futures) in place since the 28 Septemb

15-12-2023 01:08 GMT by Kelvin Wong

Aussie hits 4.5 month high on strong job gains

Australian dollar powers higher Australian job growth beats expectations Fed's Powell projects three rate cuts in 2024 The Australian dollar continues to head higher this week. In Thursday's North American session, AUD/USD is trading at 0.6702, up 0.65%.

14-12-2023 09:03 GMT by Kenneth Fisher

Euro climbs to two-week high as ECB meeting looms

ECB expected to hold rates Fed's Powell signals rate cuts in 2024 The euro has extended its gains in Thursday trading. In the European session, EUR/USD is trading at 1.0925, up 0.45%.

14-12-2023 06:39 GMT by Kenneth Fisher

US30 - Record highs in the Dow after the Fed overdelivers

Fed signals three rate cuts in 2024 ECB and BoE to announce decisions shortly Dow hits record highs after the Fed The most hotly anticipated central bank meeting of the year did not disappoint on Wednesday, with the Fed potentially delivering this year's Santa rally. I don't think many will have expected the Fed to go as far as it did in forecasting three rate cuts next year only three months after suggesting the tightening cycle is not over.

14-12-2023 05:01 GMT by Craig Erlam

British pound rises after Fed meeting, BOE next

Bank of England expected to pause Federal Reserve projects three rate cuts in 2024 The British pound continues to move higher on Thursday. In the European session, GBP/USD is trading at 1.2648, up 0.24%. The US dollar took a tumble on Wednesday after the Federal Reserve gave the nod to rate cuts in 2024.

14-12-2023 04:18 GMT by Kenneth Fisher

Hang Seng Index: Fed’s dovish pivot provides a temporary breather

Short-term technical analysis suggests a potential countertrend rebound with intermediate resistance at 16,890. China’s top policymakers' reluctance to focus on making domestic demand revival a top priority for 2024 is likely to put a damper on positive animal spirits in the long term. A focus on making high-tech industrialization a top policy may trigger more headwinds for China and Hong Kong stock markets. This is a follow-up analysis of our prior report, “Hang Seng Index Technical: Entrench

14-12-2023 02:56 GMT by Kelvin Wong

MCPE-0108-Podcast-Thumbnail-White-–-1280x720-1.png

Market Insights Podcast - Has the Fed just delivered a Santa rally?

OANDA Senior Market Analyst Craig Erlam joins Trader Nick to react to the Federal Reserve interest rate decision and forecasts, and the significant impact they had on financial markets. They also preview the European Central Bank and Bank of England announcements on Thursday.

14-12-2023 02:47 GMT by Craig Erlam

Australian dollar edges higher ahead of jobs data

Australian dollar rebounds Australian job growth expected to decelerate Federal Reserve likely to pause for third straight time The Australian dollar is in positive territory on Wednesday, after three straight losing sessions. In the North American session, AUD/USD is trading at 0.6584, up 0.38%. Will Powell push back against rate cut expectations? Today's Federal Reserve's rate announcement will almost certainly be a pause, which would mark the third consecutive time that the Fed held the be

13-12-2023 11:37 GMT by Kenneth Fisher

EUR/GBP - UK at risk of recession after a disappointing October GDP reading

UK economy shrinks 0.3% in October Markets price in three rate cuts from the BoE next year EURGBP spikes ahead of BoE and ECB announcements tomorrow The UK economy got the fourth quarter off to a bad start, contracting by 0.3% in October from the month before. The UK economy is struggling under the pressure of higher interest rates and it seems wet weather compounded those challenges for retailers, encouraging consumers to stay indoors. There's every chance spending bounces back in November an

13-12-2023 10:02 GMT by Craig Erlam

EUR/USD - Fireworks expected from the final Fed meeting of the year

Fed expected to leave interest rates unchanged Forecasts and dot plot key as markets price in four rate cuts next year EURUSD hovers around 50 Fib The final Fed meeting of the year could also be the most eventful, with the central bank likely to acknowledge it's done with tightening and even signal rate cuts next year. The question is how many, with markets now pricing in four starting in May. The interest rate decision itself will almost certainly be straightforward - on hold - but with new ec

13-12-2023 08:06 GMT by Craig Erlam

NZD/USD slips ahead of GDP, Fed meeting

New Zealand GDP expected to decelerate US inflation ticks lower Fed widely expected to pause The New Zealand dollar is sharply lower in Wednesday trade. In the European session, NZD/USD is trading at 0.6095, down 0.61%. US inflation ticks lower, all eyes on Fed US inflation ticked lower in October as expected and the release was a non-event for the markets, which slightly reduced their rate-cut pricing.

13-12-2023 07:29 GMT by Kenneth Fisher

British pound declines on soft GDP, FOMC looms

UK GDP contracts by 0.2% US inflation ticks lower Fed makes rate announcement later on Wednesday The British pound is in negative territory on Wednesday. In the European session, GBP/USD is trading at 1.2522, down 0.32%. UK GDP contracts in October The UK posted soft data today and the British pound has reacted with losses. The GDP report for October indicated that the economy contracted by 0.3% m/m, after a 0.2% gain in September.

13-12-2023 06:45 GMT by Kenneth Fisher

Nasdaq 100: It’s all about liquidity to maintain current bullish momentum

Nasdaq 100 recent bullish trend has moved in synch with a significant improvement in the net US liquidity since late October 2023. The major liquidity contributor has been a significant drawdown in the Fed’s overnight reverse repo facility that negates the adverse effects of Quantitative Tightening (QT). Watch the 16,160 key short-term support ahead of Fed’s FOMC. This is a follow-up analysis of our prior report, “Nasdaq 100 Technical: Impending corrective decline within major uptrend” publish

13-12-2023 06:24 GMT by Kelvin Wong

EUR/USD Price Forecast: US Core CPI rises ahead of FOMC

Talking Points US Core CPI impact on trader's interest rates expectations. EURUSD Price Forecast: Technical analysis 8-hour chart The US Consumer Price Index “US Core CPI” changes, a critical inflation gauge for the FED and traders were released this morning, the core CPI which excludes energy and food prices due to their volatile nature rose 0.3% for November 2023 after its previous October 2023 increase of 0.2%, as for the Core CPI y/y, it reflected an increase of 0.4%, although both were i

12-12-2023 13:03 GMT by Moheb Hanna

Australian dollar slips after US inflation ticks lower

US inflation eases to 3.1%, core rate unchanged at 4.0% Australia consumer confidence rebounds, business confidence slides The Australian dollar was up 0.35% prior to the US inflation release but has since reversed directions. In the North American session, AUD/USD is trading at 0.6550, down 0.29%. US inflation ticks lower, core rate steady US inflation edged lower to 3.1% y/y in November, down from 3.2% in October and in line with the consensus estimate.

12-12-2023 10:20 GMT by Kenneth Fisher

All news & analysis