Oil gets a boost from surprise Russia output cut news but falls on weak ISM report
Saudi Arabia commits to extending voluntary cut of 1 million bpd Russia to reduce oil exports...
Little Fireworks during today’s shortened session! USD, ISM, Tesla
US stock market closes at 1 p.m. and the bond market closes at 2 p.m. EST and will stay closed...
Canadian dollar drifting, ISM Manufacturing PMI next
Canada's GDP surprises to the upside US PCE Price Index eases in June ISM Manufacturing PM...
The great divergence between the real economy and global equities
Global manufacturing hubs; South Korea, Singapore & China continued to indicate a weaker externa...
Oil is ready to rally, Gold stabilizes, SEC sends Bitcoin towards $30K
Oil Oil’s fourth straight quarterly decline should be its last one. WTI crude is trying to stabil...
Stocks rally as PCE report cools and on a weakening consumer, Apple eyes $3 Trillion Market Cap
Dollar weakens as inflation cools Apple reaches historic $3 trillion market cap Fed rate h...
USD/CAD flat ahead of Canadian GDP
Canada release GDP on Friday US publishes Core PCE Price Index, UoM Consumer Sentiment on Fri...
Bullish US stocks and bearish JPY at risk of pain trade in H2
Significant up move in G-20 2-year sovereign bond yields except for Japan & China. US 2-year ...
More resilient economic data increases the risk of a harder landing eventually
It's been a mixed trading session on Thursday as we get more evidence of economic resilience from th...
Bitcoin edges higher as Coinbase asks court to dismiss SEC lawsuit, Commodities pare earlier losses
Bitcoin continues to hold onto the $30,000 level as crypto traders await any decision with Bitcoin E...
Impressive GDP and Personal Consumption drive Fed rate hike bets
Watch out Wall Street! The US economy is too strong. The final reading of first quarter GDP and pers...
Podcast – Powell stays hawkish and eyes more hikes
OANDA Senior Market Analyst Ed Moya joins Jonny Hart and Trader Nick to analyze Fed Chair Powell's c...
Commodities try to shrug off Powell’s hawkish message about consecutive hikes
Commodities were tested after Fed Chair Powell triple downed on the Fed's dot plots. The dollar in...
Tentative AI trade setback; Housing market strength
Wall Street awaits Fed Chair Powell and counterparts at ECB forum Mortgage demand rises for a...
Aussie slides to 3-week low as CPI falls sharply
Australian inflation declines more than expected AUD/USD slides in response to the inflation ...
China’s booster from Premier Li Qiang may not last
China’s Premier Li Qiang’s morale booster speech during yesterday’s opening of the World E...
Technicals and Triggers – USD/JPY
USDJPY Yen sellers remain in control as traders become skeptical that Japan officials follow thro...
Tightening fears take down oil & gold, Fidelity eyes another Bitcoin ETF attempt
Oil It’s going to take a lot to change the minds of energy traders. Fears of a weaker global grow...
Stocks rebound on strong data and AI interest
Global bond yields rise; 10-year Treasury rises 4.1bps to 3.762% Consumer Confidence hits hig...
USD/CAD pares gains, Canadian inflation eases
Canada's inflation rate eases US Durable Goods Orders accelerate The Canadian dollar spike...