Bitcoin jumped to $40,000 and just as quickly dipped to $39,000 on the release of US CPI data. The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.8 percent...
The New Zealand dollar has started the week in negative territory. NZD/USD is down 0.50%, and is trading at 0.6825 in the North American session. The currency enjoyed its best week since August 2021, with gains of 1.75%. The war in Europe has drained risk appetite, but the kiwi, although sensitive to risk, is also a […]
Jonny Hart looks back on the week’s business and markets news with OANDA Senior Market Analyst Ed Moya in New York.  This week they discuss the latest inflation report, oil price volatility (recorded before Friday’s reports that US expects Russia to invade Ukraine), and Bitcoin. They also discuss what the week ahead has in store for […]
It has been a banner week for the New Zealand dollar, which has climbed 1.79% and gained over a cent. The US dollar is broadly lower on Thursday, and NZD/USD has gained 0.71% on the day, after posting gains every day this week. New Zealand has been hit with high inflation as the country continues […]
Jonny Hart looks back on the week’s business and markets news with OANDA Senior Market Analyst Ed Moya in New York.  This week they discuss the latest inflation report, Fed Chair Powell’s testimony, JPMorgan earnings, and Dogecoin. They also discuss what the week ahead has in store for financial markets. Â
The Canadian dollar is in positive territory and continues to have an excellent week, with gains of 1.28%. The currency is back below 1.25 and is looking to close below this symbolic line for the first time since mid-November. This week’s robust rally by the Canadian dollar is more a case of greenback weakness rather than […]
Canadian dollar climbs despite high US inflation The Canadian dollar has extended its gains for a third consecutive day. USD/CAD has dropped 0.15% on the day, enough to push the pair below the 1.25 level, which has psychological significance, for the first time since mid-November. It has been an excellent week for the Canadian dollar, which […]
The Japanese yen has extended its gains as USD/JPY trades at a 3-week low. In the North American session, USD/JPY is trading at 114.25, down 0.35% on the day. Will the yen break into 113-territory before the end of the week? Yen makes most of US dollar retreat The Japanese yen has jumped onto the currency […]
The New Zealand dollar has posted gains for a third straight day. Early in the North American session, NZD/USD is trading at 0.6886, up 0.56% on the day. The currency is on a tear, rising 1.62% so far this week. Strong risk sentiment boosts New Zealand dollar There was plenty of anticipation ahead of the […]
The British pound has extended its gains for a third straight day. In the European session, GBP/USD is trading at 1.3736, up 0.23% on the day. There are no tier-1 events out of the UK today, so market participants will have to wait until Friday for a data damp which includes the monthly GDP report […]
Oil extends rally on EIA drawdown Crude prices extended gains after oil inventories fell to the lowest levels since October 2018. The EIA crude oil inventory posted a larger-than-expected headline decline of 4.55 million barrels versus an expected 1.6 million draw. Both gasoline and distillate inventories rose as consumption decreased. Gasoline demand was weaker-than-expected and […]
US stocks initially rallied after the latest reading of consumer prices showed the biggest gains since 1982, but was nevertheless, in line with expectations. Â Wall Street was worried that a much hotter inflation report could have not only cemented four Fed rate hikes this year, but potentially made the May FOMC meeting a possibility for […]
