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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.
Currencies
Falling oil prices continue to temper sentiment in global macro markets and while the Nervous Nellies take solace as oil prices base overnight, don’t get too comfortable as the Oil patch narrative will likely be the primary catalyst in the coming months As the North American market segues into summer,...
Gold
Gold lifted by Oil’s collapse as the noise around a deeper OPEC cut intensifies. Oil’s suffering continued overnight with both Brent and WTI finishing over 2 percent lower in the New York session. The story, however, isn’t the headline fall for the session, it is the price action after the...
Crude Oil
Oil gushed lower again overnight with both Brent and WTI taking out their early May panic liquidation lows and falling around 2 percent in the session. This was despite OPEC/Non-OPEC’s compliance being announced at 106 percent and the American Petroleum Institute’s crude inventory draw coming in higher than expected at...
Gold
Russia has warned that U.S. Warplanes over Syria will be considered hostile and is completely ignored by the precious metal and energy markets, which could be bad news for both. Crude Oil Brent and WTI were back to business as normal overnight, both falling 1.0% in the New York session as...
US Stock Market
The market has been searching for a spark this morning. No doubt dealers are suffering a mild case of  Central Bank fatigue as the market remains in flux digesting last week’s  “hawkish Fed hike “ amongst other central bank hawkish surprises. I suspect the dollar will be susceptible in...
Brent Oil
Gold, Silver and Crude are battered and bruised as the week ends with a stronger U.S. Dollar twisting the knife. Crude oil limps into the last day of the week with both Brent and WTI down about 30 cents from the previous day’s lows, but still mired at the bottom...
Bank Of England
The UK will be back in focus again on Thursday as the Bank of England announces its latest monetary policy decision, amid all the political chaos following last week’s snap election result, and we’ll also get retail sales numbers for May. BoE Should Remain on Hold Despite Inflation Rising Well...
Oil
Oil and Gold both await different data highlights in tonight’s New York session. CRUDE Crude yet again attempted to pick itself up off the floor overnight only to run into a wall yet again, with both Brent and WTI finishing roughly unchanged from the previous day. The wall, in this case,...
Canadian Dollar
Tuesday June 13: Five things the markets are talking about Overnight, equities have advanced as the global selloff in technology shares showed signs of easing, while sterling has found some support as PM May tries to secure the votes needed to prop up her minority government and on stronger than...
British Pound
Equity markets in Europe are expected to start the week a little softer, with the FTSE leading the losses as the UK index pares Friday’s gains and is weighed down by small gains in the pound. FTSE Lower But GBP Weakness Remains Supportive The UK index came under some early pressure...
Theresa May
A disastrous night for the Conservatives as an electoral swing sees them lose their parliament majority with a hung House of Commons. The headline says it all really, with GBP/USD falling 2.0 % in the Asia session with just about the worst outcome possible with Brexit negotiations to start next...
Theresa May
It’s been quite a memorable night in the UK where once again an election has come and gone and results have come as quite a surprise to both voters and the markets, alike. Only a month ago, with Theresa May’s poll lead at around 20 points, it appeared that the...
Theresa May
Thursday promises to be a massive day for financial markets with major risk events taking place in the UK, eurozone and US that could create substantial volatility throughout the day. UK Heads to the Polls For the Third Consecutive Year The UK will head to the polls in what will be the...
Brent Oil
Trumpflation becomes Slumpflation as political uncertainty sees oil come to its senses and follow gold higher. CRUDE OIL Crude oil prices rose overnight with Brent and WTI finishing some 70 cents higher, offsetting the declines of the previous day. A sagging U.S. Dollar, in general, has played it part, but the...
Japanese Yen
European equity markets are expected to open a little lower on Tuesday, in-keeping with the moderate risk aversion that we’ve seen overnight and as traders look ahead to a number of major events on Thursday. Gold and Yen Gain in Risk Averse Trade It’s quite normal to see this kind of...
Oil
Oil jumps 1.5% as Egypt, Saudi Arabia, Bahrain and the United Arab Emirates effectively create a land and air blockade of Qatar. All four countries are severing diplomatic ties and air, land and sea links with Qatar. Saudi Arabia is also closing its land borders with the natural gas giant,...
Crude Oil
A confusing night for commodities as gold trades sideways but oil falls despite a very bullish Crude Inventory Report. Oil traders were left scratching their heads in confusion overnight as the U.S DOE Crude Inventory Report showed much larger than expected drawdowns in crude and gasoline inventories. It should have...
British Pound
European equity markets are expected to open on a positive note, with focus on Thursday remaining on the UK election, as well as the latest oil inventory data from EIA and a raft of other data from around the globe. GBP Remains Vulnerable to Polls That Show May’s Lead Deteriorating Sterling...
Overnight data fails to spark oil as Gold is starting to possibly look overextended in the short term. Gold Gold’s listless trading continued overnight with a more bearish tone in early Asia trading to start the day following its overnight failure to close above 1270 for the third day in a...
Euro Dollar
The euro has posted small gains in the Tuesday session, after starting the week with losses. Currently, EUR/USD is trading at 1.1140. On the release front, German Import Prices declined 0.1%, short of the forecast of +0.2%. Later in the day, Germany releases Preliminary CPI, which is expected to dip...
Great British Pound
European equity markets are expected to open a little softer on Friday, weighed down a little by losses in oil which plunged on Thursday after oil producers delivered the bare minimum cut that markets had priced in. Oil Slides as Producers Extend Cuts By Nine Months Oil fell more than 5%...
Bank of Canada
The Bank of Canada kept rates unchanged but statement was not all dovish The Canadian dollar is higher against the US dollar after the Bank of Canada (BoC) kept rates unchanged at 0.50 percent. The release of minutes from the Fed’s May meeting was full of surprises, but still felt...
Petrochina Oil
Commodities diverge as Oil settles near its recent highs ahead of tomorrow’s OPEC meeting, while Gold feels the pain of a stronger U.S. Dollar. Crude recovered from its early losses overnight with both Brent and WTI finishing roughly unchanged as both contracts head into a pre-OPEC meeting holding pattern. President Trump’s...
Currencies
All aboard the Euro train Equity investors for the most part investors remained chiefly on the sidelines with no major data releases with few disruptive headlines.But there was animated action on the currency markets when dealers focalized on the Euro. And losing no time, traders rushed to top side expose...
Both oil and gold present constructive technical pictures mid-session in Asia following their Friday rallies. Crude oil soared over two percent on Friday as rumours swirled that OPEC’s working group the ECB was considering recommending the double whammy of a production cut extension and deeper cuts ahead of this Thursday’s...
British Pound US Dollar
European equity markets are expected to open higher on Friday, led by the FTSE and buoyed by gains in the US overnight where indices staged a moderate recovery following some heavy selling the day before. Investors are clearly still a little anxious about the political situation in the US, which...
WTI OIL
The USD collapses under the weight of allegations overnight, giving a boost to oil and sending gold soaring as investors dump equities and run for safety. OIL Both Brent and WTI exploded higher overnight buy some 1.80% despite the Crude Inventories showing a lower than expected drawdown. Oil appears to have...
Gold
Oil hits a crude inventory wall overnight as gold basks in the afterglow of White House induced safe-haven buying. OIL The vulnerability of OPEC’s “forward guidance” rhetoric was starkly revealed late in the New York session, with both Brent and WTI falling some two percent following as the U.S. API Crude...
Canadian Dollar
The Canadian dollar started the week on a good note regaining some lost ground versus the US dollar. The loonie traded higher on Monday after Saudi Arabia and Russia backed an extension of the oil production cut agreement. The Organization of the Petroleum Exporting Countries (OPEC) made a deal...
Crude Oil
Markets get caught out as the Energy Ministers Saudi Arabia and Russia announce they will extend the OPEC-led output cuts by nine months to March 2018. In shades of the ECB’s Mario Draghi, the energy ministers of Saudi Arabia and Russia announced, in Beijing no less, that they had agreed to...

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