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.
A predictable wave of profit taking and risk reduction, as is standard form ahead of US long weekends, dominated Friday session leading to USD gains as US yields pulled back. And while the broader US dollar negativity continues to seep through capital markets, some...
Futures Point to Full Week of Gains After Sharp Correction US equity markets could end the week with a full house of gains as long as indices manage to hold onto the small gains being seen in futures ahead of the open.This would also bring...
Gold prices weer trading sideways in the Thursday session, after surging higher on Wednesday. Currently, the spot price for an ounce of gold is $1351.30, up 0.05% on the day. On the release front, PPI gained 0.4%, matching the forecast. Core PPI also gained 0.4%,...
The Canadian dollar has paused on Thursday, after posting strong gains a day earlier. Currently, USD/CAD is trading at 1.2491, down 0.01% on the day. On the release front, Canada releases ADP Non-farm Employment Change. In the US, there are a host of indicators, highlighted by...
Was it the mixed data, skewed positioning or merely a lack of confidence that has the USD dollar precariously perched at the edge of the cliff.Everyone one to a tee went all in on a dollar buying frenzy after the CPI number, but the...
The markets were reasonably busy overnight in preparation for this evening US CPI, and with some G-10 traders arguing this is the most significant economic release in the past three years, and at a minimum, the consensus is that that the US CPI release...
The Canadian dollar has ticked higher in the Friday session. Currently, the pair is trading at 1.2609, up 0.05% on the day. On the release front, the focus is on Canadian employment indicators, with the release of Employment Change and the unemployment rate. Traders should be...
Equity markets were trounced on the back of Global yields parading to multi-year highs Thursday. Indeed, it was less dovish Fed speak that continued to be the driver, and the BoE provided a hawkish bounty for good measure.The ruckus in the bond pits these...
The Canadian dollar has posted small losses in the Wednesday session. Currently, the pair is trading at 1.2590, up 0.17% on the day. Canada will release Housing Starts, while the US publishes unemployment claims. On Friday, Canada releases key employment data – Employment Change and...
US stocks toppled again on Wednesday in choppy and messy fashion after a dispirited US Treasury auction revived concerns about a hawkish Fed, unnerving investors already spooked after the rapid climb in US Treasuries apparently ignited a jump in the Cboe Volatility index.A deplorable...
The Canadian dollar has posted small losses in the Wednesday session. Currently, the pair is trading at 1.2515, up 0.17% on the day. On the release front, Canadian Building Permits posted an excellent gain of 4.8%, compared t0 the estimate of 2.1%. There are no...
The Canadian dollar is steady in the Tuesday session, after considerable losses in the past two sessions. Currently, the pair is trading at 1.2556, up 0.16% on the day. On the release front, Canada’s trade deficit widened to C$2.3 billion, missing the estimate of C$2.3...
US stock markets bounced back following the flash crash on Monday but the Dow still ended the session down 4.6%, having suffered the largest one day points loss ever. The Dow shedded more than 1,500 points at one stage, a large chunk of which occurred in...
US expected to add 184,000 jobs in JanuaryThe US dollar fell against a basket of currencies on Thursday. The greenback has failed to gain traction in 2018 and is awaiting the first US jobs report of the year looking for a shot in the...
The Canadian dollar is higher on Wednesday after the economy accelerated its growth in November. Canadian GDP is posted monthly and showed a gain of 0.4 percent in November. The Canadian economy started 2017 with a bang which led the Bank of Canada (BoC)...
Tuesday’s session was all about the cross-asset selling of equities, oil, and bonds as bear “steepener” returned in vogue. The USD dollar remained tethered to a yo-yo string putting in a very mixed performance.Stocks and BondsStock markets are being pulverised recording their most significant...
There has been a pause for thought in the bearish dollar trend after an enigmatic spike in US Treasury yields yesterday sent dollar bears heading for shelter while leaving a sea of red in their wake across FX markets.The higher US ten-year yield has...
Currency Market OverviewA triple dose of verbal intervention was enough to stem the dollar bloodletting for the time being.During his, Q&A Draghi was doing his best to deflect questions on the Euro then just as 1.2500 broke; Draghi said EUR’s gains were due to...
The Canadian dollar has posted slight gains in the Thursday session. Currently, the pair is trading at 1.2328, down 0.15% on the day. On the release front, it’s a busy day on both sides of the border. Canada will release retail sales reports, while...
An extremely active twenty-four hours in all asset markets in what was expected to be an extremely busy and no less noisy week for currency traders.Currency markets were extremely active with traders primarily looking for opportunities to sell  dollars. Not only is the big...
Gold was unchanged in the Monday session. In North American trade, the spot price for an ounce of gold is $1331.91, unchanged on the day. On the release front, there are no US events on the schedule. On Tuesday, the US releases the Richmond Manufacturing...
Last week the US dollar was trying to perform it’s best Lazarus impersonation but fell well short on all accounts not only hampered by dwindling long-term sentiment but also feeling the weight from the latest political fracas in Washington. However, the dollar has not...
G-10 Euro and Yen are steering the ship G-10 traders remain painstakingly focused on both EUR and JPY after  ECB  and BOJ  jawboning has tempered the bearish dollar sentiment in Asia today.  While the greenback trades a tad firmer, sloppy and choppy markets look set to...
The Bank of Canada has hiked overnight rates by a +25 bps to +1.25% on the strength of stellar employment data and a pickup in inflation.It can be viewed as a “dovish” hike as the BoC signalled a “gradual, cautious approach to further rate...
USD/CAD continues to trade sideways this week. In the Wednesday session, the pair is trading at 1.2444 up 0.08% on the day. On the release front, all eyes are on the Bank of Canada, which is expected to announce a rate hike. The BoC...
he euro is steady in the Tuesday session. Currently, EUR/USD is trading at 1.2255, down 0.07% on the day. In economic news, Germany released inflation figures. Final CPI improved to 0.6%, matching the forecast. WPI declined 0.3%, missing the estimate of +0.3%. In the...
Headline nonsenseThe advent of headline reading robots is changing the marketplace and likely causing capital market traders to react first and check later (fact-finding) for fear of missing out. So with the volumes of spurious headlines over the last 24-48 hours, the challenges now...
The Canadian dollar fell 0.62 percent on Wednesday after reports circulated about the Trump administration pulling the US out of NAFTA. The loonie had a positive return this year versus the greenback, but the NAFTA setback has it now at negative 0.11 percent YTD....
After three losing sessions, EUR/USD has reversed course in the Wednesday session. Currently, EUR/USD is trading at 1.1993, up 0.47% on the day. On the release front, there are no German or eurozone indicators. French Industrial Production disappointed, posting a decline of 0.5%, edging...
The USD dollar has a spring in its step to start the week. But with little to no evidence that the broader US dollar downtrend has run its course, the short-term correction is little more than the recent buildup on EURUSD longs has left...