Authors Posts by OANDA MarketPulse

OANDA MarketPulse

OANDA MarketPulse
106 POSTS 0 COMMENTS
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.
Canadian Dollar
The Canadian dollar appreciated on Tuesday after losing traction at the beginning of the week as Bank of Canada (BoC) Deputy Governor Lane said the strength of the loonie would be a factor of monetary policy decisions. The CAD appreciated after the surprise rate hike in early September. The...
Gold has lost ground in the Monday session. In North American trade, the spot price for an ounce of gold is $1306.68, down 1.03%. In economic news, there are no major releases on the schedule. On Tuesday, the US releases Building Permits and Housing Starts. Gold prices jumped 4.3% in...
Oil Commodity
Exciting times for oil as we head towards the end of the week, with WTI rallying over 1.0% and Brent 0.5% as North Korea’s missile test iced the cake of a bullish technical picture for both contracts. Late New York saw WTI spot spike through the $50.00 mark to touch...
Gold and Silver continue their healthy consolidations as we reach the week’s end, ignoring North Korea’s latest missile test. Gold Gold rose slightly this morning after the latest North Korea missile test, but overall, the reaction was muted. Gold touched 1334.00 before falling back just as quickly to the unchanged level...
Gold Commodity
Gold is unchanged in the Tuesday session, after starting the week with considerable losses. In the North American session, the spot price for an ounce of gold is $1327.47, up 0.07%. On the release front, JOLTS  Job Openings improved to 6.17 million, easily beating the forecast of 5.96 million. On Wednesday,...
Gold Commodity
Safe Havens Under Pressure as Geopolitical Risk Eases a Little Risk appetite looks to have returned on Monday, with traders relieved at the inactivity in North Korea over the weekend after reports suggested the country could engage in more provocative testing. The rogue state celebrated its 69th founding anniversary on Saturday...
Great British Pound Currency
The master of central bank voodoo was at it again. Mario Draghi did cast a pale shadow over the euro strength, but the level of intervention rhetoric was so mild it did not distract the Euro bulls from adding on more Euro risk. The EUR bulls are anticipating bullish near...
Canadian Dollar
The Canadian dollar appreciated on Wednesday after the Bank of Canada (BoC) hiked interest rates by 25 basis points. The move was not totally unexpected as the central bank had been hinting at a second rate hike this year, but the timing predicted by analysts was for later in...
Headlines continue to drive Gold and Silver higher despite very stretched RSI’s. Gold Gold pushed higher again overnight despite the very overbought technical picture. The rally was driven by escalating Korean peninsula tensions and dovish comments from Fed Governors Brainard and Kashkari that weakened the dollar in general. In a welcome...
Oil Commodity
Gasoline futures crash as U.S. refinings rapid comeback alleviates the refined crude backlog. Overnight crude trading was relatively quiet with most of the action occurring in gasoline futures, which slumped nearly four percent as U.S. refining capacity comes back online post-Hurricane Harvey. With almost all the affected refineries now operating,...
Silver
A thermonuclear North Korea has traders buying precious metals this morning, but be cautious of overbought RSI’s. Gold gapped higher this morning as North Korea’s hydrogen bomb test yesterday, and heightened rhetoric from the U.S. saw traders rushing for safe havens. Having closed in New York at 1324.00, gold has...
US Dollar Currency
Friday to Cap Off Another Eventful Week For Markets. The week started with a missile launch from North Korea and tropical storm in the US but attention has gradually been diverted to the fundamentals, with numerous pieces of data being released over the last couple of days. Risk appetite has...
Oil Commodity
Crude couldn’t rally on much lower inventories as Harvey and spread trading swamps Brent Crude finally. Hurricane Harvey submerged another massive drawdown in the official U.S. Crude Inventories last night, washing Brent by two percent in the process. The reduction came in at -5.4 million barrels against an expected 1.75...
Japanese Yen
USD/JPY has posted gains in the Wednesday session. In North American trade, the pair is trading at 110.22, up 0.45% on the day. On the release front, Japanese Retail Sales jumped 1.9%, easily beating the forecast of 1.0%. In the US, Preliminary GDP impressed with a sharp gain of 3.0%,...
Silver
Precious metals gave back some gains to varying degrees as the dollar corrected, but overall still paint a rosy picture. Gold Gold gave back most of its gains overnight to finish unchanged at 1311.00 from the previous day. Having spiked to 1326.00 yesterday on the North Korean headlines in early Asia...
Gold Commodity
Renewed dollar selling and a North Korean missile test supercharge gold and dragging silver higher. Gold Gold powers higher in early Asia, leaping from 1310 to 1325 at one stage as North Korea conducted a missile test that flew over Japan. Gold has pulled back since as USD/JPY, and the Nikkei...
Mario Draghi
A quiet session with Hong Kong closed with the only notable movers being NZD and MXN. Hong Kong was closed today as it weathered a T10 typhoon. But it seemed to matter not as Asia was content to sit and wait for ECB Governor Mario Draghi to speak at 08:25...
Oil Commodity
This week we recap precious metals and commodities ahead of the Jackson Hole Symposium. Notable highlights are Gold testing 1300 while Palladium continues to be the metal that just keeps on giving. Oil is making a lot of noise, but once the headphones are on, we see that both contracts are...
Donald Trump
White House schmaltz continues to weigh negatively on investor sentiment. The influence of gossip mongering was on full display as investors launched into full risk averse mode when chatter circulated that that White House Economic Advisor  Gary Cohn is disconsolate with his White House role and on the verge of resigning....
Gold Commodity
Concerning price action with oil falling on very bullish inventories as Trump and the FOMC indirectly boost gold. The official U.S. Crude Inventories delivered last night, announcing a monster drawdown, but crude prices themselves did not. After a brief rally following the numbers, both Brent and WTI collapsed to finish...
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...

LATEST

Sterling rises ahead of Florence and the Maychine

Great British Pound Currency
Just as US markets marked the end of a 9 day winning streak, markets in Asia started...

USD: Fade The Fed; Good Level To Sell USD/CAD

Canadian Dollar
TD FX Strategy Research notes that the USD price action post-FOMC likely reflects that the market was...

Oil dips on rising U.S. crude inventories, production

Oil Commodity
Oil markets dipped on Thursday, weighed down by rising crude inventories and production in the United States...

The Fed caused a storm in the markets and explosive growth of USD

US Dollar Currency
The Fed promises to start shrinking their balance from October and has kept the rate unchanged. However,...
Get the latest news delivered straight to your inbox