Authors Posts by OANDA MarketPulse

OANDA MarketPulse

OANDA MarketPulse
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MarketPulse is a forex, commodities, and global indices, analysis, and news site. Our main goal is to provide timely and informative commentary on major macroeconomic trends, technical analysis, and worldwide events that impact different asset classes and investors. Established in 2006 by a team of securities analysts, MarketPulse publishes insightful commentary daily with full-time coverage of the world’s largest financial markets.
Bank of Japan
Right on expectations and little change on JPY At some point, the BOJ is expected to slow the pace of JGB purchases, but with inflation remaining stubbornly below the 2 % target the BoJ maintains current policy guidance. While currency concerns are not within the BoJ overall purview, but with risk perking up,...
Oil
Energy and precious metals diverged overnight, with crude oil holding its ground while the safe-haven unwind continues in gold and silver. Crude Oil Choppy trading in decent ranges was the theme of the overnight session in crude, with both Brent and WTI showing good two-way interest after last week’s selloff. When...
Oil
Oil continued its downward grind overnight as gold recovered some of its losses as President Trump’s first 100-days draws to a close. OIL Oil continued its bullish unwind overnight, with both Brent and WTI spot contracts down just over 0.50%. Rising shale production and uncertainty over the OPEC deal extension being...
France
European equity markets are poised to start the week on a positive note on Monday after the first round of the French elections suggested that the populist wave that engulfed the UK and US in 2016 has not quite breached the borders of the eurozone countries. While it’s clear that...
Oil
Oil continues it’s bearish consolidation, while precious metals await this weekend’s French election. Gold has spent the overnight session consolidating to open quietly mid-range at 1281 this morning in Asia. The fact that gold is almost unchanged from its open of the previous day suggests that traders are now positioned...
Currencies
Not unexpectedly, price action is suggesting that both the G10 and EM FX complex are paring back bets heading into the weekend. While a pre-weekend position cull has been in vogue for weeks, we’re seeing a greater propensity for position unwind this week due to the high level of...
Gold
Gold has posted gains on Tuesday, erasing most of the losses which marked the Monday session. In North American trade, gold is trading at $1289.78 per ounce. On the release front, US construction numbers were a mixed bag. Building Permits improved to 1.26 million, edging above the forecast of 1.25 million....
Treasury Secretary Mnuchin’s strong dollar comments saw the greenback rally across most asset classes. PRECIOUS METALS Gold fell from its high above 1295 to 1280 overnight, but gold has made a sprightly start in Asian trading, up five dollars to the 1285 level in the early part of the session, before...
Euro
EUR/USD is unchanged in Friday’s European session, as the pair trades slightly above the 1.06 line. On Thursday, the euro lost ground as US unemployment claims were unexpectedly strong. In economic news, German banks and stock markets are closed for Good Friday, so we can expect thin trading in the...
Asian Stock Market
President Tump ordered the Syrian strikes over dessert with President Xi, stellar Australian employment and Chinese trade data, the flight to safety; it’s been quite a morning already. The USD has been generally weaker overnight into the Asia morning following on mostly from an interview published overnight in the Wall...

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