2024-04-23 01:29
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week’s key economic data and events. Firstly, Australia’s monthly CPI (March) out on Wednesday (24 Apr) i… Read More
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MarketPulse - MarketPulse is the market commentary of currency analysts on the state of forex markets using fundamental and technical tools and real time rates
2024-04-22 11:12
The S&P 500 has recorded three consecutive weekly losses since its recent all-time high level of 5,265 printed on 28 March 2024.
Last week’s decline of -3.05% was its worst weekly… Read More
2024-04-19 14:14
Euro recovers after dip
The euro fell as much as 0.30% earlier but has recovered and edged higher. In the North American session, EUR/USD is trading at 1.0666, up 0.21%. The euro remains und… Read More
2024-04-19 11:54
The Japanese yen showed some promise earlier, gaining as much as 0.48% against the US dollar as it rose to 153.59. However, it has pared those gains and is trading in Europe at 154.58, down… Read More
2024-04-19 09:35
The British pound dipped 0.30% earlier today but has managed to recover the losses. In the European session, GBP/USD is trading at 1.2451, up 0.12%.
Retail sales misses estimate
The UK relea… Read More
2024-04-18 15:33
The British pound is having a quiet week and that trend has continued on Thursday . In the North American session, GBP/USD is trading at 1.2450, down 0.04%.
Will UK retail sales improve?
The… Read More
2024-04-18 13:45
The Japanese yen is almost unchanged on Thursday. In the North American session, USD/JPY is trading at 154.44, up 0.03%.
It’s a light data calendar today. US unemployment claims were u… Read More
2024-04-18 10:55
The Australian dollar is steady on Thursday. In the European session, AUD/USD is trading at 0.6442, up 0.12%.
Australia’s employment declines
Australia’s job growth hit the break… Read More
2024-04-17 15:34
The Australian dollar has stabilized on Wednesday, after a 2.2% decline over the past three days. In the North American session, AUD/USD is trading at 0.62254, up 0.37% but remains close to… Read More
2024-04-17 14:16
The New Zealand dollar has bounced back with strong gains on Wednesday, ending a nasty slide of 3.4% which started last week. In the North American session, NZD/USD is trading at 0.5907, up… Read More
2024-04-17 11:46
The British pound has rebounded after sliding 2.1% over the past week. In the European session, GBP/USD is trading at 1.2461, up 0.28%.
UK inflation drops to 3.2%
Inflation in the UK continu… Read More
2024-04-17 09:24
A bolder dovish ECB increases the likelihood of a yield premium shrinkage of Eurozone sovereign bonds over Switzerland sovereign bonds.
The recent 2-month of rallies seen in the EUR/CHF have… Read More
2024-04-16 15:42
The New Zealand dollar is down for a third straight day and has plunged 3.4% in less than a week. In the North American session, NZD/USD is trading at 0.5881, down 0.36%.
New Zealand inflati… Read More
2024-04-16 14:16
The Canadian dollar is down for a fifth straight day and has slipped 1.9% during that time. In the North American session, USD/CAD is trading at 1.3840, up 0.37%.
Canada’s inflation ri… Read More
2024-04-16 11:00
The odds have inched higher for a currency war scenario where the Chinese yuan may be weakened further to drive export growth due to its latest decelerating growth trend in China’s ret… Read More
2024-04-16 10:10
The British pound dropped 0.30% after today’s UK employment report but has recovered most of these losses. In the European session, GBP/USD is trading at 1.2452, up 0.05%.
UK job growt… Read More
2024-04-16 01:38
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week’s key economic data and events. Firstly, the possible scenarios on the trajectory oil prices after its 13%… Read More
2024-04-15 15:12
The British pound is steady on Monday. In the North American session, GBP/USD is trading at 1.2445, up 0.05%.
US retail sales climb 0.7%
US consumers continue to shop and spend as March reta… Read More
2024-04-15 12:14
The euro has stabilized on Monday after sustaining sharp losses on Friday. In the European session, EUR/USD is trading at 1.0656, up 0.14%. The US dollar posted strong gains last week agains… Read More
2024-04-15 10:13
The New Zealand dollar has stabilized on Monday after as sharp decline of 1% on Friday. In the European session, NZD/USD is trading at 0.5945, up 0.14%. The New Zealand dollar dropped as low… Read More
2024-04-15 07:12
Commitments of Traders aggregate net bullish open positions of large speculators in the Gold futures market have flashed a bearish contrarian condition.
The recent rally in Gold (XAU/USD) h… Read More
2024-04-12 13:02
The New Zealand dollar is down sharply on Friday. In the North American session, NZD/USD is trading at 0.5956, down 0.68%. The US dollar has moved higher against the majors and NZD/USD has d… Read More
2024-04-12 11:20
The euro continues to stumble and is down for a fourth straight day. In the European session, EUR/USD is trading at 1.0653, down 0.67%. The euro has fallen 1.7% this week as the US dollar co… Read More
2024-04-12 09:57
Three major US banks; JPMorgan Chase, Citigroup, and Wells Fargo will report their Q1 2024 earnings results today. JPMorgan Chase is ranked 13th in terms of component weightage in the DJIA… Read More
2024-04-12 09:55
The British pound has edged lower on Friday. In the European session, GBP/USD is trading at 1.2594, down 0.47%. The pound is down 1.1% this week and fell to 1.2489 earlier today, its lowest… Read More
2024-04-11 14:28
The Australian dollar has stabilized on Thursday. In the North American session, AUD/USD is trading at 0.6524, up 0.19%. The Aussie plunged 1.75% a day earlier after US inflation accelerated… Read More
2024-04-11 12:07
The Canadian dollar is almost unchanged on Thursday, after sliding 0.8% a day earlier. In the European session, USD/CAD is trading at 1.3569, up 0.04%.
BoC holds interest rates
There were no… Read More
2024-04-11 09:39
The euro is steady on Thursday, after sliding over 1% on Wednesday following the hot US inflation report. In the European session, EUR/USD is trading at 1.0745, down 0.03%.
ECB widely expect… Read More
2024-04-11 09:35
A firmer March’s US CPI has altered the relative fundamentals narrative between the US & Japan.
Reduces the risk of FX intervention from Japanese authorities to prop up a weaker JP… Read More
2024-04-11 04:07
Talking Points
European Central Bank – ECB
US Consumer Price Index – US CPI
EUR/USD Technical Analysis – Weekly Chart
EUR/USD has been grappling with significant pressure o… Read More
2024-04-10 15:36
The Australian dollar has declined sharply on Wednesday. In the North American session, AUD/USD is trading at 0.6515, down 1.7%.
US inflation higher than expected at 3.5%
The US consumer pri… Read More
2024-04-10 11:33
The Canadian dollar is slightly lower on Wednesday. In the European session, USD/CAD is trading at 1.3559, down 0.09%.
Bank of Canada expected to stay pat
The Bank of Canada is widely expect… Read More
2024-04-10 09:12
The New Zealand dollar has extended its gains on Wednesday and is higher for a third straight day. In the North American session, NZD/USD is trading at 0.6074, up 0.24%.
RBNZ holds rates, sa… Read More
2024-04-09 13:23
The New Zealand dollar has posted considerable gains on Tuesday. In the North American session, NZD/USD is trading at 0.6065, up 0.54% and its highest level since March 21.
RBNZ widely expec… Read More
2024-04-09 11:53
The Australian dollar is in positive territory on Tuesday. In the European session, AUD/USD is trading at 0.6620, up 0.25%.
Consumer confidence sags
Australian consumers have been pessimisti… Read More
2024-04-09 09:25
The Japanese yen is drifting on Tuesday. In the European session, USD/JPY is trading at 151.88, up 0.02%.
It’s as light data calendar today. Japan’s average cash earnings rose 1… Read More
2024-04-09 01:27
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week’s key economic data and events. Firstly, a quick recap on what happened last week week where the initial F… Read More
2024-04-08 17:00
no Read More
2024-04-08 15:58
US Consumer Price Index – CPI
The US Consumer Price Index CPI Y/Y overall trend has been steadily declining after reaching its peak of 9.06% in June 2022. A drop in all CPI components… Read More
2024-04-08 13:01
The euro is calm at the start of the trading week. In the North American session, EUR/USD is trading at 1.0830, down 0.07%.
German industrial production rises 2.1%
Is the German economy comi… Read More
2024-04-08 10:12
The Canadian dollar is showing limited movement on Monday. In the European session, USD/CAD is trading at 1.3598, up 0.06%.
Canada and the US both released March employment reports on Friday… Read More
2024-04-08 08:13
Higher oil prices have led to higher inflationary expectations in the US via the breakeven rates.
Recent rise in inflationary expectations coupled with recent “less dovish” Fed S… Read More
2024-04-05 10:41
The Japanese yen showed a bit of strength earlier but has pared these gains. In the European session, USD/JPY is trading at 15141, up 0.04%
All eyes on US nonfarm payrolls
The markets are br… Read More
2024-04-05 09:39
The Canadian dollar is slightly lower on Friday. In the European session, USD/CAD is trading at 1.3559, up 0.12%.
Canada and the US will both release employment data later today, which could… Read More
2024-04-04 14:31
The Australian dollar continues to power ahead and has posted strong gains for a third straight day. In the North American session, AUD/USD is trading at 0.6614, up 0.75%.
Australian Service… Read More
2024-04-04 13:26
The Swiss franc is lower on Thursday. Early in the North American session, USD/CHF is trading at 0.9050, up 0.24%. It has been a bumpy year for the Swiss franc, which is down 7.7% against th… Read More
2024-04-04 08:50
The euro is on a bit of a roll and has pushed slightly higher on Thursday. In the European session, EUR/USD is trading at 1.0857, up 0.19%. The euro is up for a third straight day and has cl… Read More
2024-04-03 16:33
The Japanese yen is steady on Wednesday. In the North American session, USD/JPY is trading at 151.60 up 0.02%. Earlier today, the yen came within a whisker of the 152 line, climbing as… Read More
2024-04-03 09:50
The euro is showing little movement on Wednesday. In the European session, EUR/USD is trading at 1.0777, up 0.05%.
Eurozone inflation ticks lower
Inflation in the eurozone continues to decli… Read More
2024-04-02 14:03
The Reserve Bank of Australia minutes of the March meeting indicated that there was no mention of raising interest rates. This points to a less hawkish stance but the Australian dollar is un… Read More
2024-04-02 09:38
The British pound is steady on Tuesday after starting the week with losses. In the European session, GBP/USD is trading at 1.2563, up 0.09%. On Monday, the pound fell 0.57% and dropped as lo… Read More
2024-04-01 16:59
The Australian dollar has started the trading week with considerable losses. In the North American session, AUD/USD is trading at 0.6482, down 0.50%.
Will RBA minutes provide any insights on… Read More
2024-04-01 11:46
The Japanese yen is coming off a quiet week and is showing little movement on Monday. In the European session, USD/JPY is trading at 151.38, up 0.03%.
Business confidence among major manufac… Read More
2024-03-29 11:15
The euro has edged lower on Friday. In the European session, EUR/USD is trading at 1.0782, down 0.05%.
It has been a bumpy road for the euro in 2024, as the currency has declined 2.3% so fa… Read More
2024-03-29 10:01
The Japanese yen continues to have a quiet week and is unchanged in the European session at 151.17.
Tokyo Core CPI inches lower to 2.4%
Tokyo Core CPI, which excludes fresh food, eased to 2… Read More
2024-03-28 18:02
The Canadian dollar is slightly higher on Thursday. USD/CAD is trading at 1.3537 in the North American session, down 0.23%.
Canada’s GDP rebounds with 0.6% gain
Canada’s GDP boun… Read More
2024-03-28 10:50
The Australian dollar is down sharply and has fallen to a three-week low. In the European session, AUD/USD is trading at 0.6491, down 0.66%.
Australia’s retail sales rise 0.3%
Australi… Read More
2024-03-28 08:55
The price actions of Nasdaq 100 have reached the lower limit of a major resistance zone of 18,435/620.
Heightened over-concentration risk from Nvidia as its current year-to-date returns of 8… Read More
2024-03-27 15:22
The Australian dollar continues to drift. In the European session, AUD/USD is trading at 0.6529, down 0.06%.
Australian CPI softer than expected
Australia’s inflation rate stayed stead… Read More
2024-03-27 11:18
The Japanese yen has edged higher on Wednesday. In the European session, USD/JPY is trading at 151.17, down 0.26%.
Yen falls to 34-year low, will Tokyo intervene?
The Bank of Japan raised in… Read More
2024-03-26 15:26
The Japanese yen continues to have a quiet week. In the North American session, USD/JPY is trading at 151.36, down 0.03%.
BoJ core inflation eases to 2.3%
Bank of Japan core inflation fell t… Read More
2024-03-26 11:11
The Australian dollar has extended its gains on Tuesday. In the European session, AUD/USD is trading at 0.6557, up 0.26%. On today’s data calendar, the US will release two tier-1 event… Read More
2024-03-26 08:55
The surprise rate cut by SNB has reinforced the bearish momentum of CHF/JPY.
CHF has weakened across the board against the G-10 currencies; it is the weakest against the EUR.
Watch the 169.0… Read More
2024-03-26 02:04
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week’s key economic data and events. A relatively quieter week versus last week’s major central ban… Read More
2024-03-25 14:29
The Japanese yen is showing limited movement on Monday. In the North American session, USD/JPY is trading at 151.25, down 0.13%.
Yen can’t find its footing
Last week’s Bank of Ja… Read More
2024-03-25 11:15
The Australian dollar has started the week with slight gains, after sliding 0.86% on Friday. In the European session, AUD/USD is trading at 0.6530, up 0.24%.
PBoC move sends Aussie sharply l… Read More
2024-03-25 07:56
A less dovish Fed with a surprise cut by SNB has triggered a bout of US dollar strength since last Thursday, 21 March.
China’s central bank, PBoC responded with a lower-than-expected d… Read More
2024-03-22 13:24
The Canadian dollar has extended its losses on Friday. USD/CAD is trading at 1.3569 in the North American session, up 0.29%.
Canada’s retail sales slip in January
Canada’s retai… Read More
2024-03-22 10:07
The British pound has extended its losses on Friday. In the European session, GBP/USD is trading at 1.2600, down 0.45%. Earlier, the pound fell as low as 1.2584, its lowest level since March… Read More
2024-03-21 18:10
The Swiss franc has tumbled on Thursday after the Swiss National Bank lowered interest rates. In the North American session, USD/CHF is trading at 0.8987, up 1.35% on the day. Earlier, the S… Read More
2024-03-21 11:09
The British pound is slightly lower on Thursday. In the European session, GBP/USD is trading at 1.2766, down 0.16%.
BoE expected to hold rates
The markets will shift focus from the Federal R… Read More
2024-03-20 14:57
USD/CAD is trading at 1.3580 in the North American session, up 0.10%. The Canadian dollar is under pressure and dropped to a 3-month low on Tuesday, following Canada’s CPI release.
Can… Read More
2024-03-20 11:11
The British pound has extended its losses on Wednesday. In the European session, GBP/USD is trading at 1.2695, down 0.21%. The pound has been on a slide and is down about 1.2% since March 13… Read More
2024-03-20 10:52
Gold (XAU/USD) has traded in a tight range of 2% in the past two weeks after it printed a fresh all-time high of US$2,195 on 8 March.
The biggest risk event for today will be the latest Fed… Read More
2024-03-19 14:51
The Japanese yen has taken a tumble on Tuesday. In the North American session, USD/JPY is trading at 150.67, up 1.02%.
BoJ lifts rates, end yield curve control
The Bank of Japan hiked intere… Read More
2024-03-19 09:55
The Australian dollar is sharply lower on Tuesday. In the European session, AUD/USD is trading at 0.6507, down 0.80%. The Aussie is on a nasty slide and has declined by 1.7% since March 13… Read More
2024-03-19 06:18
No clear forward guidance and “shadow accommodative vibes” in BoJ’s latest monetary policy led to a continuation of the rally in USD/JPY (JPY sell-off).
Cautious now for US… Read More
2024-03-19 02:06
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week’s key economic data and events. Major central banks’ monetary policy decisions are the focus of this… Read More
2024-03-18 22:35
BOJ Policy Rate
The Bank of Japan is scheduled to announce its Policy Rate, Monetary Policy Statement, and BOJ Press Conference. Japan has held its interest rates at record-low levels for al… Read More
2024-03-18 18:16
The Australian dollar is showing little movement on Monday. In the North American session, AUD/USD is trading at 0.6655, down 0.07%.
RBA expected to pause
The Reserve Bank of Australia wraps… Read More
2024-03-18 11:50
The Japanese yen is showing limited movement to start off the week. In the European session, USD/JPY is trading is almost unchanged at 149.07.
Will the BoJ raise rates on Tuesday?
The Bank o… Read More
2024-03-18 07:01
This is a follow-up analysis of our prior report, “USD/JPY: All eyes on Japan’s core-core inflation tomorrow” dated 26 February 2024. Click here for a recap.
The price acti… Read More
2024-03-15 13:35
The euro is steady on Friday, after sustaining sharp losses a day earlier due to the US inflation report. In the North American session, EUR/USD is trading at 1.0893, up 0.09%.
ECB members s… Read More
2024-03-15 11:01
The New Zealand dollar continues to lose ground and has dropped more than 1% since Wednesday. In the European session, NZD/USD is trading at 0.6094, down 0.59%.
NZ Manufacturing PMI declines… Read More
2024-03-15 09:23
The Japanese yen has extended its losses against the US dollar for a fourth straight day and is down 1.1% this week. In the European session, USD/JPY is trading at 148.70, up 0.28%.
Japanese… Read More
2024-03-14 17:36
US PPI jumps 0.6%
New Zealand Mfg. PMI expected to remain in negative territory
The New Zealand dollar has lost ground on Thursday. In the North American session, NZD/USD is trading at 0.613… Read More
2024-03-14 11:06
The Japanese yen is drifting on Wednesday. In the European session, USD/JPY is almost unchanged at 147.77.
It’s a busy day in the US, with the release of retail sales, the producer pri… Read More
2024-03-14 09:58
In the past five days, the year-to-date laggard Dow Jones Industrial Average (DJIA) has played a positive catch-up.
On a rolling 5-day performance basis, the DJIA has outperformed with a gai… Read More
2024-03-13 15:25
The Australian dollar remains close to the 0.66 line, where it has been for most of the week. In the North American session, AUD/USD is trading at 0.6620, up 0.21%.
NAB Business Confidence e… Read More
2024-03-13 12:34
The British pound is drifting on Wednesday. In the European session, GBP/USD is trading at 1.2784, down 0.06%.
UK GDP expands 0.2% in January
It wasn’t a spectacular rebound but the UK… Read More
2024-03-13 06:14
The recent significant increase of a total of 20 bps in the 2-year JGB yield since the start of the year has come in line with the highly anticipated rosy results of the annual wage negotiat… Read More
2024-03-12 18:09
The Japanese yen has looked sharp lately but is considerably lower on Tuesday. In the North American session, USD/JPY is trading at 147.75, up 0.55%. The yen has rallied for five stra… Read More
2024-03-12 10:23
Next week, markets await the Bank of Japan’s policy rate, monetary policy statement, and press conference, market participants are speculating whether the BOJ will raise interest rates… Read More
2024-03-12 09:44
The British pound has extended its losses on Tuesday. In the European session, GBP/USD is trading at 1.2799, down 0.26%.
UK job market slows down
The UK labor market has remained resilient d… Read More
2024-03-12 09:17
Recent rapid gains seen in the Nikkei 225 are likely to be attributed to the highly anticipated positive outcome of Japan’s annual wage negotiations results.
The expected increase in w… Read More
2024-03-12 02:54
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week’s key economic data and events. The primary focus will be on the US CPI data for February out on Tuesday (… Read More
2024-03-11 17:23
The British pound has started the trading week in negative territory. In the North American session, GBP/USD is trading at 1.2807, down 0.39%. The pound has posted six straight winning days… Read More
2024-03-11 10:48
The Japanese yen continues to make inroads against the US dollar. In Monday’s European session, USD/JPY is trading at 146.54, down 0.35%. The yen notched its fourth straight winning da… Read More
2024-03-08 10:12
EUR/USD has evolved into a short-term uptrend phase as it traded back above its 20-day and 50-day moving averages in the past two days.
Yesterday’s swift upmove of +89 pips ex-post ECB… Read More
2024-03-07 17:46
The Canadian dollar has edged higher on Thursday. In the North American session, USD/CAD is trading at 1.3470, down 0.33%. The Canadian dollar posted strong gains a day earlier, rising 0.58%… Read More
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