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.
G-10 and EM currencies yield to dollar demandThe recent rise in US yields is responsible for crystallising USD strength, and this appears to have been accentuated by comparatively strong data flow in the US. But next week’s  US Trade Roadshow to China, which includes...
The technology sector woes continue as Google parent Alphabet Inc shed more than 5 % on a massive drop in gross margins as Google continues to burn through cash in its attempt to challenge Amazon in “smart world” technology and cratering other FAANG stocks...
USD/JPY continues to move upwards this week. In Tuesday’s North American session, USD/JPY is trading at 109.14, up 0.40% on the day. On the release front, Japanese inflation data met expectations. The Services Producer Price Index dropped from 0.6% to 0.5%, matching the estimate....
The USD has put on a compelling show overnight as the stars align on the back of higher US Yields and a considerable reduction in the US dollars geopolitical risk premium as an outwardly calmer mood surrounding trade and geopolitical risk takes hold.While its...
USD/JPY has posted strong gains in the Monday session. In North American trade, USD/JPY is trading at 108.57, up 0.86% on the day. On the release front, Japanese Flash Manufacturing PMI inched up to 53.3, just shy of the estimate of 53.4 points. Later...
The Canadian dollar is steady in the Monday session, after posting losing sessions for three straight days. Currently, USD/CAD is trading at 1.2796, up 0.23% on the day. The Canadian dollar remains under pressure and has dropped to a 2-week low. On the release...
Stocks Benefiting From Lack of Escalation on Global IssuesWe could be in for a relatively calm end to the week, which investors may welcome given how beneficial it has been over the course of the week.A slight down day on Thursday and marginal losses...
US  stock market had its first loss of the week as technology companies and consumer products went south.Overall earnings were quite bullish for markets, but there are the usual post earnings pessimism permeating  markets that this is about as good as its going to...
The British pound has steadied in the Thursday session, after considerable losses on Wednesday. In North American trade, GBP/USD is trading at 1.4205, down 0.01% on the day. On the release front, British Retail Sales plunged 1.2%, worse than the estimate of -0.5%. US unemployment claims...
Commodities stole the show overnight led by WTI which soared to a three year on the DOE report while industrial metals catapulted higher on the likelihood that an extension of Russian sanctions will hit like a sledgehammer at the heart of the nation’s mining...
The DAX index has steadied on Wednesday, after posting sharp gains in the Tuesday session. Currently, the DAX is trading at 12,615 points, up 0.25% on the day. On the release front,  the focus is on eurozone inflation indicators. Eurozone Final CPI is expected to climb...
The Canadian dollar is one of the best performers in the month of April versus the US dollar. The loonie has appreciated more than 4 percent versus the greenback as the softness in the USD has combined with stronger oil prices due to geopolitics....
USD/JPY is trading sideways in the Monday session. In North American trade, USD/JPY is trading at 107.25, down 0.10% on the day. On the release front, there are no Japanese events on the schedule. In the US, Core Retail Sales remained unchanged at 0.2%,...
EUR/USD has posted slight gains in the Monday session. Currently, the pair is trading at 1.2360, up 0.23% on the day. On the release front, there is only one eurozone event. The German Wholesale Price Index improved to 0.0%, but fell short of the...
Gold has edged higher in the Friday session, after sharp losses in Thursday trade. In the North American session, the spot price for an ounce of gold is $1338.02, up 0.22% on the day. In economic news, the US releases UoM Consumer Sentiment, which is expected...
Friday April 13: Five things the markets are talking aboutCapital markets are to remain sensitive until there are clear signs that tensions are not escalating.Ahead of the U.S open, global equities are adding to this week’s advances as investors take comfort from further signs...
The DAX index has posted gains in the Thursday session. Currently, the DAX is trading at 12,355 points, up 0.50% on the day. On the release front, Eurozone Industrial Production disappointed with a second straight decline. The reading of -0.8% missed the estimate of 0.1%....
The British pound continues to head upwards and has posted gains for a fourth straight session. GBP/USD has gained 1.4% since Friday. In Wednesday trade, GBP/USD is trading at 1.4206, up 0.22% on the day. On the release front, British Manufacturing Production disappointed with...
This week, the Fed and the European Central Bank (ECB) release minutes of their latest meetings, and China reports import, export (Friday) and inflation data (Tuesday).Last Friday, Fed Chair Powell reaffirmed the central bank’s slow and steady path of raising interest rates. The March...
Just when you thought it was safe to go back in the water, President Trump orders USTR to consider $100 in additional tariffs confirming the view that trade war rhetoric is unlikely to leave the picture anytime soon.Equity markets held a decent bid overnight...
Incredibly S&P futures were down over 2.0% down at the NY open only to rumble higher to close 1.1 %  up on the day after investors dissected a sundry of Chinese and US trade statements and are now holding out for modus vivendi hoping...
The Canadian dollar has edged lower in the Wednesday session, after recording strong gains on Tuesday. Currently, USD/CAD is trading at 1.2837, up 0.24% on the day. There are no Canadian indicators on the schedule. In the US, ADP Nonfarm Payrolls climbed to 241 thousand,...
US equity markets, at least for today, put tech sector regulation and the fear of an escalating trade war behind them. Investors were in buy the dip mode but unwound Monday’s meltdown when reports suggested President Trump is not formally looking at options to...
The personal consumption expenditures price index rose +1.8% in February from a year earlier, an increase last matched 12-months ago.The rise in annual inflation, which comes after the inflation rate held at 1.4% for several months last summer, is the latest sign of strengthening...
As we close out quarter and month-end trading, capital market volumes remain subdued, with many investors preferring to wrap up ahead of the Easter holidays.All week, investors have been liquidating their tech stocks, selling some of the biggest winners from a ‘bull’ market that’s...
The Canadian dollar is trading sideways in the Wednesday session. Currently, USD/CAD is trading at 1.2877, down 0.11% on the day. On the release front, there are no Canadian indicators for a third straight day. In the US, Final GDP is expected to be revised...
USD/JPY has posted gains in the Tuesday session, continuing the upward movement we saw on Monday. In the North American session, USD/JPY is trading at 105.61, up 0.20% on the day. On the inflation front, Japanese Services Producer Price Index ticked lower to 0.6%, missing the forecast...
One thing is for sure: markets are in for a bumpy ride this week as, between the continued trade noise, possible warmongering, month and quarter end rebalancing flow all within a holiday-shortened week, something is bound to go upside down. However, after last week...
EUR/USD has moved higher in the Friday session, erasing most of the gains seen on Thursday. Currently, the pair is trading at 1.2325, up 0.18% on the day. In economic news, there are no eurozone events on the schedule. In the US, durable goods...
EUR/USD has paused on Thursday, after gains on the Wednesday session. Currently, the pair is trading at 1.2320, down 0.14% on the day. On the release front, eurozone and Germany Manufacturing PMIs missed their estimates. Eurozone Manufacturing PMI dropped to 56.6, down from 58.1...