The dollar has been in a long term downtrend against the loonie but that may be about to change. The greenback came back into favour on Friday after a period of softness which saw it fall to its lowest level against its Canadian counterpart for ...

Momentum remains with the pound The pound has been on an incredible run against the dollar, smashing through 1. 40 over the last week and gathering momentum to extend its gains. When you look at where price is compared to the moving averages, there ...

Momentum slipping ahead of OPEC+ meeting Oil prices have enjoyed a remarkable rally over the last four months as the world has gone from entering the most severe wave of Covid-19 to rolling out vaccines and planning its final exit from the ...

OANDA Senior Market Analyst Craig Erlam talks about why the rally in WTI crude may be losing momentum and what could come next.

Correction over? It’s been a few weeks since EUR/USD broke below the neckline of its head and shoulders and the response since has been a little sluggish, to say the least. The trend was starting to look very favourable for the dollar as it enjoyed ...

Minutes and PMIs eyed Investors are growing increasingly hopeful about the economic outlook and next week’s PMIs will tell us whether businesses share their optimism. Central bank minutes will also provide more insight into whether policy makers are ...

OANDA Senior Market Analyst Craig Erlam talks about EURUSD after it broke through a head and shoulders only to pare its losses over the last four sessions. Is the correction over?

Or just a correction? It’s been an interesting few days for the euro dollar pair which has given back a portion of its losses after breaking through a major level of support. The head and shoulders that formed since early December saw its neckline ...

OANDA Senior Market Analyst Craig Erlam talks about silver in the aftermath of the apparent Reddit surge.

OANDA Senior Market Analyst Craig Erlam discusses oil prices which have stalled after reaching their highest levels since March. He explains why this is and what we can expect next.

OANDA Senior Market Analyst Craig Erlam talks about why gold plunged in the aftermath of the vaccine news.

Focus back on fiscal response It appears we’re moving seemlessly from one major risk to another at the moment in the markets. The election is still technically live, Covid is spreading like wild fire and battles are commencing in Washington and ...

OANDA Senior Market Analyst Craig Erlam talks about oil prices surging on Pfizer/BioNTech’s Covid-19 vaccine announcement and the prospect of delays to planned January production increases.

OANDA Senior Market Analyst Craig Erlam discusses gold in the aftermath of the election.

The week we’ve all been waiting for What a week we have in store. The US jobs report is typically the headline act the first week of the month but next week it won’t even make the top three. Covid-19 is wreaking havoc once again, the Fed, BoE and ...

Oil back under pressure Oil couldn’t hang on to earlier gains, slipping back into negative territory as the session wore on. WTI is closing in on $35 again and further losses are looking likely. The next key level is $33, a particular area of ...

More stimulus on the way The big rebound in European equity markets lasted all of five minutes this morning before petering out and Wall Street is not having any more joy. Investors have come crashing back down to earth in recent days and equity ...

Time for OPEC+ to step up It should come as a surprise to no one that reports of lockdowns in Europe is weighing heavily on oil prices as we move into the dreaded winter period. Perhaps the severity at this stage is catching some off-guard which is ...

Oil gathering momentum as Brent hits new highs Oil prices are on the rise again on Thursday, with the inventory data from API and then EIA over the last 48 hours merely causing a pause in the rally despite reporting large increases. It would appear ...

Oil seeing temporary reprieve Oil prices are rebounding on Tuesday, up around 2% after falling for the last two sessions. The gains came following the release of Chinese trade data which showed purchases from the world’s largest importer surged last ...