Market Pulse
India 
16 Sep BirthMarketPulse is a continuous monthly tracking survey of household purchases in urban and rural India.
India 16 Sep Birth
GBP/JPY – A major test below
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 rate expectations for the Bank of England started the
Commodities and Cryptos: Oil rallies, Gold holds onto gains post NFP, Bitcoin hovers
Oil Crude prices extended gains after a mixed payroll report showed the labor market recovery is moderating but still headed in the right direction. The Omicron variant continues to be the key to short-term crude demand outlook and the latest updates have been mixed. A South African study showed tha
NFP React: Stocks lower after soft NFP report and Omicron jitters, No one named an FX manipulator
US stocks declined after a soft employment report and as traders remain on edge over the uncertainty with the Omicron variant. The next couple of weeks will remain volatile as the focus falls on the latest inflation report, the December 15th FOMC meeting, and further clarity on the impact with the O
Market Insights Podcast (Episode 269)
OANDA Senior Market Analyst Ed Moya reviews the day’s business and market news with Jonny Hart. Today they discussed Fed Chair Powell’s hawkish pivot, the Omicron variant impact across the US and European markets, and preview the OPEC+ meeting on output. This article is for general information purpo
Oil up after OPEC+, Gold Slipping, Bitcoin Stable
OPEC+ puts temporary floor under oil prices Oil prices are up a little over 2% at the end of the week, buoyed by the caveat in the OPEC+ statement that allows them to make immediate adjustments before the next meeting should they see fit once more information on Omicron is available. The group has p
The US dollar rallies
US dollar edges higher as Omicron concerns ease With omicron nerves easing overnight the US dollar reasserted itself, rallying modestly versus major currencies and holding steady in the EM space. The dollar index finished 0.10% higher at 96.12, edging higher to 96.17 in Asia. Notably, both the Austr
Asian markets in caution mode
Asian equities refuse to follow the US lead The perpetual mega-bulls of the US stock market had their day in the sun finally overnight as US indexes moved sharply higher as the armchair epidemiologists of day trading decided that omicron, while contagious, will be mild symptomatically. The S&P 5
GBP/JPY – Slides on Omicron uncertainty
OANDA Senior Market Analyst Craig Erlam explains why GBPJPY has plunged as traders fret about Omicron uncertainty. This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corpo
New Zealand dollar stems bleeding
The New Zealand dollar is in positive territory for a change. In the North American session, NZD/USD is trading at 0.6809, up 0.09% on the day. It has been a rough ride for the currency, which hasn’t posted a winning daily session in some two weeks. As was the case for other minor currencies, Novemb
EUR/USD – A brief recovery?
OANDA Senior Market Analyst Craig Erlam discusses EURUSD which has pulled off the lows after the sell-off accelerated in recent weeks. This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily
US Close: Buy the dip, Apple Warning, King Dollar
It didn’t take long for investors to go back to the buy-the-dip playbook. US stocks are only a few percentage points away from record highs on optimism the latest COVID variant won’t completely upend economic activity. Risk appetite was dealt an early blow on reports that Apple’s iPhone demand was w
Commodities and Cryptos: OPEC+ Surprise, Gold lower, Bitcoin drifts lower
Oil OPEC+ did it again… surprising everyone with a decision to keep the 400,000 b/d hike for January. Sharp oil price movements saw WTI crude plunge to $62.43 before recovering the majority of the slide. The Saudis certainly know how to keep energy traders on edge and this OPEC+ surprise decision se
British pound edges higher
The British pound has edged upwards and punched above the 1.33 line. In North American trade, GBP/USD is currently trading at 1.3319, up 0.34% on the day. It has been a light calendar for tier-1 events out of the UK. Truth be told, the markets would be showing scant attention to anything other than
The US dollar manages an uneven rally
US dollar shows mixed results The US dollar staged an uneven rally overnight, recouping some losses in the EM space as the Turkish lira had another horrific session, and maintaining downward pressure on the euro and Commonwealth currencies while losing versus fellow havens, the Japanese yen and the
US futures rally eases Asia equity pain
Asian markets calm Asian equities are lower today, but only modestly so in the context of this week’s volatility globally. For that, they can thank the after-market buy-the-dip FOMO gang, who have lifted US index futures higher this morning after the overnight omicron sell-off. In the OTC session, W
Pull-up Update
