Tag: Market Pulse

Oil Falls After Trump Targets OPEC

Oil fell after US President Trump targeted the Organization of the Petroleum Exporting Countries (OPEC) for not doing enough to keep crude prices low. This comes ahead of the organization’s meeting in Algeria with other major producers. The production cut agreement has been the most important factor in the stabilization of crude prices since the […]

GBP/USD – British pound rises to 10-week high on higher retail sales

GBP/USD has posted strong gains in the Thursday session. Currently, the pair is trading at 1.3260, up 0.85% on the day. On the release front, British retail sales posted a gain of 0.3%, beating the estimate of -0.2%. Over in the U.S indicators looked sharp, as Philly Fed Manufacturing Index and unemployment claims both beat […]

Brexit, UK consumer and trade in focus (video)

Nick Batsford, CEO of Core London is joined down the line by Craig Erlam, Senior Market Analyst at OANDA, to discuss why the pound has rallied on Thursday and the latest developments in the US-China trade spat. U.S weekly jobless claims fall Posted 11 minutes ago Brexit, UK consumer and trade in focus (video) Posted […]

USD/CAD – Canadian dollar at 3-week high as greenback retreats

The Canadian dollar has posted small gains in the Thursday session. Currently, USD/CAD is trading at 1.2908, down 0.10% on the day. On the release front, Canada releases ADP nonfarm employment change. In the U.S, the Philly Fed Manufacturing Index is expected to jump to 17.5 points, while unemployment claims are forecast to climb to 210 […]

DAX rally continues despite US tariffs on China

The DAX index has posted gains in the Thursday session, continuing the upward trend seen on Wednesday. Currently, the index is at 12,284, up 0.54% on the day. On the release front, there are no major German or eurozone events. Eurozone consumer confidence is expected to post a decline of -2 for a second straight month. […]

GBP/USD jumps on Brexit reports and retail sales

Investors take tariffs in their stride, focused on White House response It’s been a positive start to trading in Europe on Thursday as investors continue to shrug off the latest tariffs from the US and China. US futures are currently trading flat and failing to take much of a lead from across the pond. Investors […]

EUR/USD – Euro gains ground, Eurozone consumer confidence ahead

EUR/USD has posted slight gains in the Thursday session. Currently, the pair is trading at 1.1694, up 0.28% on the day. On the release front, the eurozone releases consumer confidence, which is expected to post a decline of -2 for a second straight month. In the U.S, the Philly Fed Manufacturing Index is expected to jump […]

OANDA Trading Asia market closing note:Lots of inflexion but a lack of direction

Lots of inflexion but a lack of direction A day of inflexion in currency markets but we ended up with little direction. Most of today was spent trying to find a reason, but with the USD looking battle worn and genuinely fatigued, dollar bulls are talking to the sidelines. While the US treasury yields approached […]

Kiwi jumps on strongest growth in two years

Kiwi higher as Q2 growth beats forecasts New Zealand recorded its best quarter-on-quarter growth in Q2 as the economy expanded 1.0%, a faster pace than the 0.8% growth economists had expected. On an annual basis, growth was also higher than expected, rising 2.8% y/y, topping estimates of a 2.5% increase. New Zealand’s Statistics Agency reported […]

Markets flat as China quickly responds to tariffs

Ball back in Trump’s court as China responds with counter-tariffs Markets are taking new tariffs between the US and China in their stride again on Wednesday, with stocks in Europe and futures in the US looking quite flat ahead of the open on Wall Street. The latest tit-for-tat between Washington and Beijing has been on […]