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Japan's core inflation expected to slow to 2.5% US GDP expected to confirm estimate of 5.2% The Japanese yen is in positive territory on Thursday. In the European session, USD/JPY is trading at 142.85, down 0.61%.

21-12-2023 06:56 GMT by Kenneth Fisher

Canadian dollar edges higher ahead of retail sales

Canada to release retail sales today, GDP on Friday US GDP expected to confirm estimate 5.2% gain The Canadian dollar is slightly higher on Thursday. In the European session, USD/CAD is trading at 1.3324, down 0.19%. Canadian retail sales, GDP expected to improve It's a busy end of the week for Canadian releases, with retail sales today and the GDP on Friday.

21-12-2023 04:20 GMT by Kenneth Fisher

Nasdaq 100 Technical: Potential start of minor corrective decline

Bearish reversal candlestick formed yesterday, its steepest daily loss since 27 October 2023. Odds now have skewed towards a potential minor corrective decline sequence within a medium-term uptrend phase. Watch the 16,800 key short-term resistance. This is a follow-up analysis of our prior report, “Nasdaq 100: It’s all about liquidity to maintain current bullish momentum” published on 13 December 2023. Click here for a recap. The price actions of the US Nas 100 Index (a proxy for the Nasdaq 10

21-12-2023 00:48 GMT by Kelvin Wong

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Market Insights Podcast - UK inflation falls again, BoJ holds for now

OANDA Senior Market Analyst Craig Erlam joins Jonny Hart and Trader Nick to discuss the Bank of Japan and UK inflation data, and what they mean for interest rates next year.

20-12-2023 15:01 GMT by Craig Erlam

UK inflation data sees markets price in more rate cuts from the BoE

The Bank of England may be much closer to cutting interest rates than it admitted last week when three policymakers thought it still appropriate to hike again. Inflation data from the UK this morning showed price growth has cooled faster again and much more so than the BoE anticipated in November when it released its last forecasts. The headline CPI slipped back to 3.9% while the core fell to 5.1%; both still far above target but on a rapid descent toward it.

20-12-2023 14:58 GMT by Craig Erlam

USD/CAD drifting, US consumer confidence jumps

US consumer confidence surges Canada's inflation rate remains at 3.1% higher than expected The Canadian dollar is showing limited movement on Wednesday. In the North American session, USD/CAD is trading at 1.3325, down 0.06%. Canadian inflation stays sticky Canada's inflation rate was unchanged in November at 3.1% y/y, above the consensus estimate of 2.9%.

20-12-2023 11:24 GMT by Kenneth Fisher

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Hedging the Markets - GBP/USD slips after UK inflation figures (video)

OANDA Senior Market Analyst Craig Erlam discussed the latest move in GBPUSD in the aftermath of weaker US inflation data.

20-12-2023 09:35 GMT by Craig Erlam

Euro lower on German PPI decline

German PPI eases to 7.9% German GfK Consumer Confidence index improves slightly The euro has dropped in Wednesday's trade. In the European session, EUR/USD is trading at 1.0939, down 0.38%. German PPI declines by 7.9% Germany's producer price index fell by 7.9% y/y in November, another sharp decline after the October reading of -11%.

20-12-2023 06:49 GMT by Kenneth Fisher

GBP/USD - Inflation surprise sends pound lower

UK inflation falls to 3.9%, lower than expected British pound declines The British pound has declined on Wednesday. In the European session, GBP/USD is trading at 1.2658, down 0.58%. UK inflation surprises on the downside UK inflation was lower than expected in November and the surprising release has sent the British pound lower today.

20-12-2023 05:43 GMT by Kenneth Fisher

Nikkei 225 Technical: Potential major bullish breakout after pull-back

Yesterday’s swift rally has led to an overstretched upside momentum condition. At the risk of a minor corrective pull-back within its short-term uptrend phase. Watch the 33,150 key short-term support. This is a follow-up analysis of our prior report, “Nikkei 225: Bulls undeterred by Japanese government economic downgrade” published on 23 November 2023. Click here for a recap. The price actions of the Japan 225 Index (proxy of the Nikkei 225 futures) have managed to hold above the 32,090 key me

20-12-2023 04:05 GMT by Kelvin Wong

Pound bounces back, CPI next

British pound surges on Tuesday UK inflation expected to fall to 4.4% The British pound is sharply higher on Tuesday. In the European session, GBP/USD is trading at 1.2744, up 0.76%. UK inflation expected to ease UK inflation continues to fall and a slight drop is expected in the November CPI on Wednesday.

19-12-2023 10:53 GMT by Kenneth Fisher

Canadian dollar drifting ahead of CPI release

Canada's inflation rate expected to fall to 2.9% Fed members push back against rate cut expectations The Canadian dollar is showing little movement on Tuesday. In the European session, USD/CAD is trading at 1.3382, down 0.13%.

19-12-2023 05:19 GMT by Kenneth Fisher

Japanese yen slides as BoJ stands pat

BoJ makes no changes to policy or guidance Yen declines over 1% The Japanese yen is sharply lower on Tuesday. In the European session, USD/JPY is trading at 144.42, up 1.15%.

19-12-2023 03:37 GMT by Kenneth Fisher

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Market Insights Podcast - All eyes on the Bank of Japan's potential shift from negative interest rate

OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week's key economic events that focus on the monetary policy decisions by the Bank of Japan which is only the sole central bank with a negative interest rate policy. Consensus is expecting no change on BoJ's monetary policy setting on Tuesday, 18 December but forward guidance via its monetary policy statement and Governor Ueda's press conference may indicate an imminent shift away from short-term negative interest rates in

18-12-2023 23:14 GMT by Kelvin Wong

USD/JPY Technical: JPY strength remains intact ahead of BoJ

Consensus is expecting no change to BoJ’s monetary policy, but its policy statement and Governor Ueda’s press conference may signal an imminent shift away from short-term negative interest rates. Mounting pressures from public and private sectors with Economy Minister Shindo attending today’s monetary policy decision meeting as a representative from the Cabinet Office. Technical analysis suggests further potential weakness in the USD/JPY. This is a follow-up analysis of our prior report, “

18-12-2023 21:33 GMT by Kelvin Wong

Brent Crude - Oil recovers as markets price in more rate cuts

Better economic prospects buoy oil Downside risks remain as central bankers push back Brent testing key resistance Oil prices are recovering a little but remain broadly under pressure after falling 20% over two months from the middle of October.

18-12-2023 15:44 GMT by Craig Erlam

EUR/JPY - Central banks look to spoil the party, BoJ eyed tonight

Policymakers determined to push back against market interest rate expectations Any surprises to come from the BoJ? EURJPY steadies around notable support zone Not the most thrilling start to the week but that's to be expected given the number of major events over the last few sessions and the absence of anything significant today. The second half of last week was quite the ride, with the Fed going further than many expected on rate cuts for next year, the ECB then pushing back stronger tha

18-12-2023 12:02 GMT by Craig Erlam

Australian dollar rises, RBA minutes next

RBA minutes to be released Tuesday Fed Presidents Williams and Mester try to dampen rate cut fever The Australian dollar is trading quietly on Monday. In the North American session, AUD/USD is trading at 0.6696, down 0.11%.

18-12-2023 11:43 GMT by Kenneth Fisher

USD/JPY - Yen climbs to 4.5 month high, BOJ next

BoJ to make rate announcement on Tuesday Fed's Williams says no rate cuts planned The Japanese yen is lower at the start of the week. In the European session, USD/JPY is trading at 142.77, up 0.44%. The yen continues to power higher and surged 1.9% last week.

18-12-2023 07:25 GMT by Kenneth Fisher

Euro stabilizes despite weak German business confidence

German business confidence weaker than expected The euro has started the week in positive territory on Monday. In the European session, EUR/USD is trading at 1.0914, up 0.18%. It was a week of sharp swings for the euro, which posted strong gains during the week but reversed directions on Friday and declined 0.88%.

18-12-2023 05:37 GMT by Kenneth Fisher

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