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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.
Gold Commodity
Huge inventory draw saves crude’s blushes as a stronger dollar twists the knife in gold’s side. The American Petroleum Institute (API) rode to oil’s rescue overnight reporting a massive 9.2 million barrel drawdown in inventories against an expected 3.6 million barrels. Ahead of this number both Brent and WTI had...
Oil Commodity
A perceived drop in North Korea threats and some weak data from China and Europe was all the excuse that stale crude oil and gold longs needed to head for the exit door. Crude Oil Crude oil prices tumbled overnight with both Brent and WTI spot falling some 2.60 % to...
Oil Commodity
The FOMC may be this week’s data highlight, but it is the Kim and Trump show that will keep energy and precious metals on edge. Crude Oil Both Brent and WTI survived further selling pressure on Friday to make back all their losses and close near the highs of the day...
Donald Trump

A Vexing Vix

US political uncertainty and North Korean sabre -rattling has lit a fire under the comatose Vix volatility index which popped above 15 % overnight.The geopolitically influenced global stock market thrashing has driven investor angst into overdrive as volatility is back in vogue it seems, thanks to the escalation of...
Currencies
The relentless risk off moves in currency markets appears to have abated somewhat after Wednesday’s pyrotechnics in Asia.The dollar took on a distinctly August inspired flavour in NY afternoon trading within extremely subdued ranges. But looking at price action across asset classes, the North Korea entanglement remains the number one...
DAX
The DAX index is down considerably in the Wednesday session. Currently, the DAX is trading at 12,787.00, down 0.86% on the day. On the release front, it is a quiet day, with no German or Eurozone events. There are no major indicators until Friday, when Germany and the US release...
Euro Currency
EUR/USD continues to have a quiet week. Currently, the pair is trading at 1.1806, up 0.11% on the day. On the release front, Germany’s trade surplus improved to EUR 21.2 billion, above the estimate of EUR 20.8 billion. In the US, today’s major event is US JOLTS Jobs Openings, which...
US Dollar Currency

Repatriation?

The Dollar rally had a bit to do with the July Jobs report, but it was more about repatriation pledged from White House Economic Advisor Cohn. The July jobs report was sound across all headlines, and while wage growth came in just above expectation, it remains sombre.Despite the rally,...
NFP data this evening squashes volatility in Asia as traders adopt and sit and wait approach. Crude Oil Caution seemed to be the catchword in oil markets overnight. Traders were unwilling to add substantial risk approaching the weekend, and both Brent and WTI spot contracts had a quiet session with both...
Canadian Dollar
The Canadian dollar is trading lower against the US dollar on Wednesday. The loonie failed to capitalize on the US private payrolls slip and the rise in oil prices after a surprise gasoline demand surge. The Trump Administration has turned its focus on immigration and trade putting pressure on...
Oil Commodity
OPEC and the API Crude Inventories torpedo oil overnight, but the move could be more to do with positioning than a structural change. Crude oil’s storage tank burst last night, with both Brent and WTI spot contracts falling 2.80% as the spectacular run higher came to an unceremonious end. The...
Reserve Bank of Australia
As widely expected no policy change and as equally anticipated the RBA  did mention that the exchange rate is providing headwinds on growth, but current price action is the key. AUDUSD has continued to grind higher all session pushed on by stronger than expected China Caixin PMI that has commodities...
Canadian Dollar
The Canadian dollar depreciated on Thursday against the US dollar after US economic releases were positive and gross domestic product (GDP) forecasts were upgraded for the second quarter. The Trump administration has also put forth a plan to get the much awaited tax reform policy plan in motion. Trump...
Oil Commodity
A dovish FOMC keeps oil’s bull run alive and boosts gold’s march higher. OIL Much was made overnight of oil’s positive price action but in fact it has left me somewhat underwhelmed. With the U.S. DOE Crude Inventories delivering a mighty 7.2 million drawdown against an expected 2.6 million drawdown, and...
DAX Board
The DAX index has posted gains for a second straight day. In Wednesday’s European session, DAX is trading at 12,308.00, up 0.36% on the day. On the release front, there are no events out of the eurozone. In the US, the Federal Reserve releases its rate statement and is...
Bank of Japan
A relatively subdued session in Asia overnight is providing little direction ahead of the European open on Tuesday, with indices currently seen opening a little higher. Divisions Within The BoJ The summer period can often be a very quiet one for the markets but with the major central banks across the...
Donald Trump
Monday July 24: Five things the markets are talking about Global equities trade mixed while the yen (¥110.78) climbs for a fifth consecutive session at the start of a week packed with more earnings results and a FOMC interest-rate decision. Oil prices remain under pressure ahead of todays OPEC and...
Mario Draghi
No Muss no fuss While the ECB’s guidance remains unchanged, the central bank lack of concern on the surging euro was a strong enough signal to send traders scrambling for top side EUR FX exposure. So much frenzy in EUR FX at the moment; it’s hard not to get carried away...
Mario Draghi
It’s been a busy start to trading in Asia on Thursday and that’s not expected to ease up, as we get the ECB monetary policy decision this afternoon followed by what could be a very interesting press conference shortly after. September Announcement Expected But Hints Could Come Today While we’re not...
Gold Commodity
The GOP’s infighting weakens the dollar, boosting gold, whilst oil consolidates its recent gains. OIL Oil flip flopped in a choppy one dollar range overnight with both Brent and WTI spot ending up almost unchanged for the New York session at 48.60 and 46.25 respectively. Crude rose initially on reports that the...
Gold was the main beneficiary of the U.S. Dollars woes overnight as oil consolidates its recent gains. Oil Crude paused for breath overnight with both Brent and WTI trading in a one dollar range. It is perhaps unsurprising given the whipsaw nature of the market lately and no doubt open positioning from...
Great British Pound Currency
GBP falls 100 points as U.K. CPI data comes in lower at 2.60% YoY Well the much-vaunted CPI data from the U.K is out, and there must be collective sighs of relief at the Bank of Englands Threadneedle Street headquarters. A 2.60 % YoY print is quite a bit lower...
Oil Commodity
Bullish sentiment remained high in Asia as a weaker U.S. Dollar gives helpful tailwinds to both oil and gold. Oil Crude oil opened in Asia in a positive mood, with both Brent and WTI rising slightly following on from last week’s positive price action. The Baker Hughes Rig Count, released very...
Federal Reserve
European futures are pointing to a slightly higher open on Friday, adding to gains from earlier in the week which have broadly been triggered by the possibility of slower tightening from the Federal Reserve. Has the Fed Become More Dovish in Light of Persistent Subdued Inflation? Yellen’s comments on Wednesday regarding...
Oil Commodity
Gold and oil both had different reasons to rally overnight, but instead, all we got were dead cat bounces. GOLD Gold briefly rallied to the 1226.00 regions overnight as Yellen’s semi-annual testimony on the Hill was unexpectedly dovish and the U.S. Dollar fell. Gold was unable to sustain its gains though...
Euro Currency
The euro has steadied on Wednesday, after recording considerable gains in the Tuesday session. Currently, the pair is trading at 1.1460. On the release front, German WPI improved to 0.0%, but fell short of the estimate of 0.2%. Later in the day, the eurozone releases Industrial Production. In the...
Bank of Canada
The Canadian dollar started the week on the back foot as the USD recovered some ground during the Asian trading session touching session highs of 1.2932. Oil prices swung wildly in the past 24 hours ending in a net positive gain for the black stuff and helped the loonie...
Talk of OPEC cuts is a false dawn with traders whipsawed, as higher global rates leave gold on the back foot. CRUDE Two weeks away was well timed as oil prices rallied over 10% from their early June lows only for both crude contracts to give back the majority of those...
Currencies
Another stellar volume day in the Forex world with clear and distinct market drivers leading the way. After 24 hours to digest the FOMC minutes smart money suggest one more rate hike in 2017 but the tail risk given the markets disparate US economic view is a softer outlook...
Canadian Dollar
The Canadian dollar depreciated on Wednesday versus the US dollar. The publication of the Federal Open Market Committee (FOMC) meeting two weeks after the Fed announced it was hiking rates gave the dollar some breathing room and helped the greenback recover from some of the weekly losses versus other...

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