US Now that Wall Street has had enough time to process the dovish FOMC decision and another robust nonfarm payroll report, the focus shifts predominantly to Fed speak and economic data that should support the disinflation process. Traders will pay ...

US Two blockbuster events will have Wall Street on edge as the disinflation trade may have gotten ahead of itself. The last major piece of economic news before the Fed meets will be the November inflation report which is expected to show pricing ...

US Wall Street will pay close attention to the first look at third-quarter GDP. After two consecutive quarters of negative readings, growth is expected to bounce back into expansion territory with a 2.3% reading. The consensus range for ...

It remains all about the Fed as it continues down an aggressive tightening path. Wall Street will now fixated on how quick this economy is going to weaken. A weakening consumer will help drive down inflation but so far this economy has shown a lot ...

US Now that Wall Street has had some time to digest the FOMC decision, the focus shifts to how quickly the economy is weakening and a wave of Fed speak. A wide range of economic releases includes more Fed regional surveys, durable goods orders, ...

Can the Fed afford to ease off the brake? The end of last week was a bit of a reality check for investors that were maybe getting a little carried away with the supposed “dovish pivot” from the Fed and turning a blind eye to the data and what ...

Focus on the US next week Europe took centre stage last week as leaders waited nervously to see if gas would start flowing through Nord Stream 1 again following scheduled maintenance (it did) and the ECB raised its deposit rate to 0%, ending eight ...

Further turbulence ahead? Financial markets enjoyed a little reprieve last week following a raft of central bank announcements the week before. Next week sees the focus remain on policymakers, with many set to appear at the ECB Forum on Central ...

Major correction on the cards? The rally in USDJPY from early March to early May was huge, driven by a combination of a soaring greenback and a BoJ determined to support its yield curve control policy tool. But the last couple of weeks have brought ...

Will it break this time? It goes without saying that it’s been a pretty torrid six months for bitcoin since hitting all-time highs close to $69,000. Soaring inflation has forced central banks around the world into action and at the most aggressive ...

Or could we finally see a bearish breakout? The recent rally in gold appeared to be building momentum but just as it did, it ran into firm resistance around $2,000 and it’s been downhill since then. The yellow metal may have been supported by higher ...

Central banks playing catchup There has been incredible resilience in equity markets in recent weeks as central banks have ramped up interest rate expectations, particularly at the Fed, and bond markets have at times priced in a recession. While ...

Can it still capitalise on the breakout? Bitcoin appeared to have made a very bullish move last week when it finally broke above $45,500 but since then, it’s all been downhill. Sentiment in the broader markets has dipped in recent days and bitcoin ...

Are investors right to be optimistic? As we head into the second quarter, it seems the list of economic concerns is growing rather than shrinking and yet equity markets find themselves in a very comfortable position. The rebound from the ...

After a period of consolidation, gold prices have been rising again in recent days, hitting a 10-day high in the process. This comes even as central banks signal an aggressive tightening cycle this year to combat soaring inflation and risk appetite ...

Will corrections be shallow? Oil prices have been rising once again over the last week as the EU has considered banning Russian imports and an outage on a pipeline that runs through the country reduced output by around one million barrels per day. ...

Gold came within a whisker of record highs on Tuesday and it may not be done there. The yellow metal is a traditional safe haven and inflation hedge, which makes it perfect in highly uncertain times like this. Not only is the world already ...

The decline in the EURUSD pair has really accelerated over the last week after the West imposed severe sanctions against Russia that will have implications for the global economy, in particular Europe. Sanctions rarely work one way but they are ...

It’s been an awful couple of months for bitcoin , plunging more than 50% from its highs and looking extremely vulnerable to further losses. What started as a correction in the cryptocurrency has morphed into part of a broader sell-off that’s ...

OANDA Senior Market Analyst Craig Erlam discusses EURUSD as it appears to be fighting back following a big decline in 2021.