Global markets experienced a volatile week, influenced by a tech selloff, China growth concerns, and anticipation of central bank decisions and US earnings reports
Despite the volatility and… 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
The recent weakness seen in Gold (XAU/USD) is likely to be driven by US politics as the “Gold premium” has moved in synch with the betting odds of Republican nominee Trump winnin… Read More
Oil prices have faced challenges recently, but buying pressure prevented a drop below $80.
Technical indicators suggest potential for an upward bounce, with key resistance levels to watch.
F… Read More
The Japanese yen has hit the brakes on this week’s impressive rally. USD/JPY is trading at 154.34 in the European session, up 0.30% on the day. On Thursday, the yen climbed as much as… Read More
The euro is up slightly on Thursday. In the North American session, EUR/USD is trading at 1.0863, up 0.22% on the day at the time of writing.
German business climate slips to 5-month low
Ger… Read More
The decline in Gold prices is attributed to technical selling pressure, profit-taking, and a strong US GDP print.
The bull run in Gold may not be over due to anticipated Central Bank demand… Read More
The Japanese yen continues to gain ground against the US dollar. USD/JPY is trading at 153.68 early in the North American session, down 0.14% on the day. Earlier today, USD/JPY fell as low a… Read More
Market participants have started to question the earlier high earnings growth prospects placed on the “Magnificent 7” stocks.
The past month of record low implied correlation amo… Read More
GBP/USD is declining due to speculation of a BoE rate cut and concerns about global growth.
Market participants are pricing in a 53% chance of rate cuts in August, but economists polled pred… Read More
The Japanese Yen is gaining against its G7 counterparts due to rumors that the Bank of Japan (BoJ) will reduce bond buying and potentially raise interest rates.
Governor Ueda has emphasized… Read More
The Canadian dollar is almost unchanged on Wednesday, after the Bank of Canada cut rates at today’s meeting. In the North American session, USD/CAD is trading at 1.3778, up 0.05% on th… Read More
The euro edged lower on Wednesday but has recovered. In the North American session, EUR/USD is trading at 1.0860, up 0.07% on the day at the time of writing.
Eurozone PMIs weaker than expect… Read More
Oil prices have declined over the past four days, but Brent oil remains at a crucial support level.
The Chinese government has cut rates to stimulate economic growth following disappointing… Read More
Bitcoin prices have fallen from their recent high due to concerns over Mt. Gox repayments.
Despite the drop in Bitcoin’s price, BlackRock’s spot Bitcoin ETF saw its largest inflo… Read More
The British pound has edged lower on Tuesday. GBP/USD is trading at 1.2913 in the North American session, down 0.15% on the day. It’s a light day on the data calendar which means that… Read More
The euro has posted gains on Tuesday. In the North American session, EUR/USD is trading at 1.0847, down 0.40% on the day at the time of writing.
In the US, today’s data was a disappoin… Read More
Market breadth indicators (% of component stocks above 20-day & 50-day moving averages) have increased to above 50%.
Short-term bullish momentum condition sighted at the retest of its 50… Read More
The FTSE 100 is currently consolidating, trading within a range, with the possibility of a significant breakout.
Glencore and Anglo American experiencing declines while Compass reports stron… Read More
The Japanese yen has edged higher on Monday. USD/JPY is trading at 157.11 in the North American session, down 0.16% on the day at the time of writing. The data calendar is light today, with… Read More
USD/CAD is nearing a breakout after being range-bound since April, potentially driven by falling oil prices and a weakening Canadian Dollar.
The Bank of Canada (BoC) is expected to cut rates… Read More
A potential uptick in Japan’s core-core CPI led by PPI may increase the odds of a BoJ’s interest rate hike in September.
Republican presidential nominee Donald Trump’s bett… Read More
The Australian dollar is coming off a rough week with losses of 1.45% and the downtrend has continued on Monday. AUD/USD is trading at 0.6664 in the European session, down 0.30% on the day a… Read More
Increased geopolitical tensions in the Middle East and US election uncertainty have caused a rise in safe-haven demand, particularly for Gold.
The US Dollar has weakened due to concerns abou… Read More
This week, markets were influenced by trade war fears, US political developments, and a global cyber outage.
In Asia, the Japanese yen weakened, and Chinese authorities remained silent on ec… Read More
The British pound has slightly lower on Friday. GBP/USD is trading at 1.2922 in the North American session, down 0.17% on the day. The pound has sparkled in the month of July but has hit a s… Read More
The Canadian dollar is calm on Friday. In the European session, USD/CAD is trading at 1.3717, up 0.08% on the day at the time of writing. We could see stronger movement in the North American… Read More
Japanese authorities have not confirmed whether they have intervened in the market to support the Yen.
USD/JPY broke a long-term descending trendline but found support near the 100-day MA an… Read More
The euro has edged lower on Thursday. Early in the North American session, EUR/USD is trading at 1.0919, down 0.18% on the day. The euro hasn’t posted a losing day since July 9, gainin… Read More
The Australian dollar is showing limited movement on Thursday. AUD/USD is trading at 0.6736 in the European session, up 0.10% on the day, up 0.1% at the time of writing.
Job growth shines bu… Read More
Oil prices are rising due to a significant decrease in US oil inventories, exceeding expectations.
The CCP’s third plenum could impact oil prices depending on its policy decisions.&nbs… Read More
The Australian dollar is steady on Wednesday. AUD/USD is trading at 0.6743 early in the North American session, up 0.08% on the day.
Australia releases the June employment report early on Th… Read More
US trade restrictions on China could significantly impact the semiconductor industry, causing a selloff of chip stocks, including Nvidia and ASML.
ASML’s Q2 earnings exceeded expectati… Read More
The recent 4-week rally of EUR/CHF from 19 June has started to show signs of exhaustion.
The ongoing weakness of the France CAC 40 has triggered a negative feedback loop towards EUR/CHF.
Wat… Read More
Eurozone inflation remained stable at the end of Q2 2024, with core inflation for services and non-energy goods unchanged at 4.1% and 0.7% respectively.
EU services inflation remains persist… Read More
The British pound continues to roll and is up for a sixth straight day. GBP/USD is trading at 1.3038 in the European session, up 0.51% on the day. The pound has sparkled in July, climbing 3%… Read More
Gold prices reach a new record high of $2465/oz, driven by post-CPI and rate cut optimism.
Despite a resurgent US Dollar, gold’s upward momentum remains strong, briefly dipping before… Read More
The New Zealand dollar has posted sharp losses for a second successive day. NZD/USD is trading at 0.6042 in the North American session, down 0.54% on the day at the time of writing. The New… Read More
The Canadian dollar is showing limited movement on Tuesday. In the North American session, USD/CAD is trading at 1.3687, up 0.03% on the day at the time of writing.
Canada’s CPI lower… Read More
A bullish rotation in play towards US small-cap Russell 2000 aided by the US Treasury yield curve bull steepener & potential revival of “Trumponomics”.
Potential outperforman… Read More
The Japanese yen has edged lower on Tuesday. USD/JPY is trading at 158.42 in the European session, up 0.28% on the day at the time of writing.
BoJ likely intervened after US inflation report… Read More
GBP/USD struggles to break above the 1.3000 level despite softer US data and a dovish comment from Fed Chair Powell.
UK inflation data will be crucial in determining whether GBP/USD can brea… Read More
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week’s key economic data and events. Firstly, the short term impact on global markets after last week’s s… Read More
Increased investor confidence fueled by a $1.04 billion inflow into Bitcoin Spot ETFs.
Bitcoin miners, particularly in the US, are accumulating Bitcoin in anticipation of another potential r… Read More
The euro keeps pushing higher and is up for a fourth straight day. EUR/USD is trading at 1.0913, up 0.34% on the day. Earlier, the euro touched a high of 1.0920, its highest level since Marc… Read More
Weak China retail sales, Q2 GDP & the potential return of Trumponomics sparked today’s sell-off seen on the Hang Seng Index.
The Hang Seng Index is still trading above its 17,110 k… Read More
Oil prices remain stable despite a turbulent weekend and a strong US dollar.
Chinese economic data, including disappointing GDP growth and declining refinery output, raises concerns about oi… Read More
The New Zealand dollar has started the trading week in negative territory. NZD/USD is trading at 0.6097 in the European session, down 0.35% on the day at the time of writing.
New Zealand Ser… Read More
US inflation data caused a significant selloff in US mega-cap tech stocks and a shift towards riskier areas of the market.
The ECB interest rate decision is expected to bring no change, but… Read More
The New Zealand dollar is slightly higher on Friday. NZD/USD is trading at 0.6110 in the European session, up 0.24% on the day at the time of writing.
New Zealand dollar showing big swings
I… Read More
The Japanese yen has edged lower on Friday, after posting huge gains a day earlier. USD/JPY is trading at 159.16 in the European session, up 0.26% on the day at the time of writing.
Japanese… Read More
The New Zealand dollar has posted strong gains on Thursday. NZD/USD is trading at 0.6102 in the North American session, up 0.34% on the day at the time of writing. Earlier, NZD/USD rose as m… Read More
The US dollar is showing broad weakness against the major currencies and the Australian dollar is taking full advantage. AUD/USD has jumped 1.51% in July and the Aussie is at its highest lev… Read More
EUR/GBP has resumed its downward trajectory since the start of the year, now trading close to a 2-year low at 0.8320.
Unfavourable political environment in France versus a newly formed Labou… Read More
The British pound has extended its gains on Thursday. GBP/USD is trading at 1.2876 in the European session, up 0.22% on the day.
UK GDP beats expectations
The sun is shining in London today… Read More
USD/CAD has been range-bound, reflecting US Dollar Index consolidation and potential rate differential between Canada and the US.
Canada’s volatile inflation and struggling labor marke… Read More
Anticipation is high for the release of US CPI data, which is expected to influence market movements, especially the US Dollar Index (DXY).
The market has priced in an 71.8% chance of a Sept… Read More
The British pound is showing considerable gains on Wednesday after two days of limited movement. GBP/USD is trading at 1.2839 early in the North American session, up 0.41% on the day.
Has th… Read More
Silver prices have risen due to a supply and demand gap, with demand outstripping supply for the fifth consecutive year.
Industrial demand, driven by green energy, AI, and EVs, now accounts… Read More
The New Zealand dollar is sharply lower on Wednesday. NZD/USD is trading at 0.6081 in the European session, down 0.72% on the day at the time of writing.
RBNZ’s dovish tone raises rate… Read More
The Kiwi is the worst intraday performer among the major currencies as it slumped to a 4-week low against the US dollar.
A dovish tilt in the latest RBNZ monetary policy statement has trigge… Read More
Bitcoin’s recent price drop is its largest since late 2022, but the current downtrend appears shallower than previous cycles.
Factors contributing to the dip include Mt. Gox repayments… Read More
Gold prices supported by rate cut expectations and central bank buying.
Gold ETFs see positive flows, suggesting bullish momentum.
Fed Chair Powell’s testimony and may cause short-term… Read More
The euro is showing little movement on Tuesday. EUR/USD is trading at 1.0819, up 0.05% on the day.
The eurozone Sentix Investor Confidence index resumed its losing ways on Monday. The index… Read More
The New Zealand dollar is steady on Tuesday. NZD/USD is trading at 0.6115, down 0.16% in the European session at the time of writing. The New Zealand dollar looked sharp last week against th… Read More
The Australian dollar continues to show little movement this week. AUD/USD is trading at 0.6638 in the European session, up 0.02% on the day. Australia released mixed confidence indicators e… Read More
Recent rebound in WTI crude has remained below US$90/barrel which in turn led to a softening of inflationary expectations via the breakeven rates.
A further downward drift in the 10-year US… Read More
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week’s key economic data and events. Firstly, we kickstarted with a discussion on the recent two key developed… Read More
The Australian dollar is drifting on Wednesday. AUD/USD is trading at 0.6637 in the North American session, down 0.15% on the day. There are no US events and only one US release on the calen… Read More
The euro has started the week with gains and is trading at 1.0836 in the European session, up 0.33% on the day. EUR/USD is coming off its best week of the year, gaining 1.19%.
France veers t… Read More
Geopolitical events and weather disruptions are currently the main drivers of oil price fluctuations.
OPEC+ production cuts have contributed to tighter oil markets, supporting prices. Can it… Read More
Lacklustre US non-farm payrolls & ISM Services PMI for June has led to a further drop in US Treasury yields.
Both the 2-year and 10-year US Treasuries/JGBs yield premiums have shrunk to… Read More
GBP/USD is facing a key multi-month resistance level at 1.2850 after a positive run.
The outcome of US inflation data and Fed Chair Powell’s testimony could significantly impact the GB… Read More
Soft US economic data, including lower-than-expected job growth, has increased market expectations for a September rate cut.
The week ahead features important data releases, including US inf… Read More
The Canadian dollar is showing little movement on Friday. In the North American session, USD/CAD is trading at 1.3618, up 0.05% on the day.
Canada and the US released employment data today a… Read More
The UK national election on Thursday propelled the Labour Party to a sweeping victory and Labour leader Keir Starmer will become the next Prime Minister. In the six-week election campaign of… Read More
French election: Will the far-right win a majority?
French voters will head to the polls on Sunday, July 7 for round two of the parliamentary elections. In the first round, Mary Le Pen… Read More
EUR/USD rises above 1.0800 due to weak US economic data and a weaker USD.
Market anticipates a 71.6% chance of a rate cut in September.
DXY is at a psychological support level ahead of US jo… Read More
The euro has posted gains on Thursday and is trading at 1.0812 in the European session, up 0.26% on the day. It has been a good week for EUR/USD, which has gained 0.95% and hit a three-week… Read More
The Japanese yen has rebounded on Thursday and is trading at 161.01, down 0.43% on the day. The yen has been on a slide over the past four weeks and has declined by 3.9% during that time. On… Read More
Brent Crude oil prices rose on Wednesday due to a larger-than-expected draw in US crude inventories.
The market anticipates further inventory reduction, leading to potential support for pric… Read More
Yesterday’s lacklustre US ISM services PMI and ADP employment data for June increases the odds of a further US Treasury yield curve un-inversion.
A further un-inversion above -0.08% on… Read More
USD/CHF is currently at a key confluence zone near 0.9000, facing obstacles for further decline.
The rate differential between SNB and FED will likely have an impact on USD/CHF moving forwar… Read More
The Japanese yen continues to lose ground. On Tuesday, the USD/JPY is trading at 161.66 in the North American session, up 0.16% on the day.
On the data calendar, there are no Japanese events… Read More
The UK election has had a surprisingly muted impact on the market, likely due to the focus on monetary policy.
Polling suggests a comfortable Labour victory, but any surprises could trigger… Read More
The Australian dollar is drifting on Wednesday. AUD/USD is trading at 0.6674 in the European session, up 0.11% on the day.
Australian retail sales climb 0.6%
Australian consumers have been c… Read More
USD/CAD is rangebound, frustrating traders, thanks to a host of factors from rate differentials to rising oil prices.
Canadian PMI data has been softer than expected, with decreased output… Read More
The British pound is showing limited movement on Tuesday. GBP/USD is trading at 1.2681 early in the North American session, up 0.25% on the day.
There are no UK events today, while the US re… Read More
Historically, the S&P 500 has shown positive seasonality in July, with an average gain of 2.3% over the past 20 years.
Election years typically see a summer rally, followed by a dip befo… Read More
The euro is slightly lower on Tuesday. EUR/USD is trading at 1.0719 in the European session, down 0.19% on the day at the time of writing. The euro hit a two-week high on Monday, rising to 1… Read More
Sovereign credit risk remains elevated in France despite yesterday’s rallies seen in the EUR/USD, CAC 40 & DAX ex-post first round of the French legislative election.
Speculative n… Read More
The Australian dollar has posted slight losses on Tuesday. AUD/USD is trading at 0.6649 in the European session, down 0.15% on the day.
Australian retail sales expected to improve
Australian… Read More
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week’s key economic data and events. We kicked off the week with the post market reactions to the outcome of th… Read More
Brent Crude oil prices are rising despite a slight drop in demand from Asia in the first half of 2024.
Inventories data will be important as US summer holidays get into full swing.
Range bre… Read More
The Japanese yen has dropped below the 161 line on Monday. The yen is trading at 161.39 early in the North American session, down 0.35% on the day.
Japan’s GDP revised sharply lower
Ja… Read More
Gold rises as a weaker US Dollar and uncertainty around monetary policy continues.
ISM data later today before all attention turns to US jobs data later in the week.
Trendline break and pric… Read More
The euro has started the week with strong gains. EUR/USD is trading at 1.0756 in the European session, up 0.41% on the day at the time of writing. The euro is at its highest level since June… Read More
Despite a decline in core PCE numbers, hawkish comments from Fed policymakers cast doubt on a September rate cut.
The first half of 2024 saw a widening gap between growth and value stocks, w… Read More
The euro is almost at a standstill on Friday. EUR/USD is trading at 1.0705, up 0.02% on the day. The euro has hovered close to the 1.07 line for most of the week as it looks for direction.
W… Read More
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 Bu… Read More
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 hin… Read More
