Last week could have provided the catalyst for some big moves in the currency markets but it seems to have passed many of them by. GBPUSD had been preparing for potential volatility and instead what we got was largely predictable – BoE moved a ...

With both the ECB and BoE meetings now behind us, how do we assess the impact on the currencies and what it means going forward? Interestingly, there were no major surprises on either side. The BoE moved slightly earlier while the ECB tweaked its ...

We’ve seen a bit of a recovery in GBPJPY over the last couple of weeks as risk appetite has rebounded in the markets. But how much further can it run? What’s helped the move more recently is improving odds on a BoE rate hike on Thursday. It’s still ...

Ranges may hold until the meeting next week Gold has been struggling for direction for a couple of weeks now, which is surprising as it’s one of the few instruments that hasn’t seen significant volatility since the Omicron announcement. That may be ...

Can it turn things around? It’s been a rough time for the pound, particularly against the yen and this week has seen it cross into bearish territory. The pair had been on a strong uptrend but a weakening of the UK economy and pared-back interest ...

OANDA Senior Market Analyst Craig Erlam discusses EURUSD which has pulled off the lows after the sell-off accelerated in recent weeks.

Or more to go? Oil prices are on the rise again after a correction over the last month but how much support does it now have? It didn’t take long for oil to rebound after the US, China, India, Japan, UK and South Korea announced their coordinated ...

It’s been a wild ride for gold this past few weeks and the latest moves highlight just how much uncertainty there is in the markets right now. The yellow metal saw incredible support earlier this month as inflation indicators flashed and central ...

And what next for Europe? Lockdowns have returned in Europe and suddenly everyone is analysing the data to see which countries will be next. Germany may not be far behind as cases spiral out of control and others could follow in the weeks and months ...

The euro has been grinding lower against the pound for more than a year now, with much of 2021 spent within a shallow descending channel. But with the two central banks likely to see some divergence in monetary policy over the next 12-18 months, ...

The dollar rallied strongly on Wednesday after data showed inflation rose to a 31-year high in the US. Coming on the back of Friday’s fantastic jobs report and the 20-year high in the quarterly employment cost index the week before, this doesn’t ...

It’s been a wild ride for gold the last couple of weeks, as markets have done their best to navigate the poorly communicated policy shifts at various central banks. From pricing in plenty of rate hikes to paring back expectations, gold has ...

Can it recover after Friday’s tumble? Gold plummeted on Friday as the dollar soared and US yields rose, particularly at the short end of the curve. The dollar has pared some of those gains at the start of this week which has allowed the yellow metal ...

Bitcoin is pushing higher after coming under pressure in the middle of the week. A break below $60,000 could have spelt trouble for the cryptocurrency, and still could, but it’s been quick to rebound back above this level and crypto bulls may be ...

OANDA Senior Market Analyst Craig Erlam discusses oil as the rally momentum drops and prices start slipping.

Sterling recovery run its course? We’ve seen a larger correction in cable than it appeared we may at times a couple of weeks ago and now it’s once again reached an important level that may define the direction of travel in the weeks and months ...

We’ve seen a slight recovery in EURUSD over the last week, taking the pair back to the top of the descending channel it’s traded in since mid-June. The top of the channel coincides with the 38.2 fib level (September highs to October lows) so could ...

Bitcoin has been heavily in focus on Tuesday following the launch of the first-ever ETF, a landmark momentum for the cryptocurrency industry. The fact that the first day of trading of the ProShares ETF on the NYSE came at a time when bitcoin was ...

Last weeks breakout following a long period of consolidation has seen GBPJPY make strong gains to the upside and it’s about to face its first big test. The pair has previously seen support and resistance around 154.50 and we appear to be seeing that ...

The pound has been recovering against the dollar this month after breaking key support towards the end of September, but it may be running into trouble. The pair has run into some resistance around an area that has been a major support zone for much ...