US stock market closes at 1 p.m. and the bond market closes at 2 p.m.
03-07-2023 10:34 GMT
by Edward Moya
Stocks: all news & analysis
Discover the latest stock market updates, comprehensive analyses of price trends, and expert forecasts for individual stocks as well as the broader equity market. Our coverage includes breaking news, earnings reports, and economic data releases, considering various factors that may influence stock valuations. Enhance your understanding of the stocks landscape and elevate your trading decisions.
Dollar weakens as inflation cools
Apple reaches historic $3 trillion market cap
Fed rate hike bets eye a peak at 5.410%
US stocks are rallying after the Fed’s favorite inflation gauge showed the disinflation process remains intact and the consumer is showing signs of weakness. A hot inflation report and Fed swaps might have been convinced that a second-rate hike by year end was likely. Treasury yields edged lower after the PCE report was a little dovish.
US Data
The core personal consumption
30-06-2023 10:15 GMT
by Edward Moya
European stocks are ending the week on a high, buoyed by another encouraging inflation report that will soon support the end of the ECBs tightening cycle.
Not only did the headline HICP rate fall further than expected, but the slight rebound at the core level - driven largely by unfavourable base effects, largely attributed to German transport subsidies last year - was lower than expected.
30-06-2023 08:43 GMT
by Craig Erlam
OANDA Senior Market Analyst Ed Moya joins Jonny Hart and Trader Nick to analyze Fed Chair Powell's comments at the ECB Forum, reports of that the US is considering fresh curbs on AI chips to China, and gold markets.
28-06-2023 16:13 GMT
by Edward Moya
Wall Street awaits Fed Chair Powell and counterparts at ECB forum
Mortgage demand rises for a 3rd straight week
10-year Treasury yield down 1.9 bps to 3.745%
28-06-2023 09:15 GMT
by Edward Moya
While Europe appears at great risk for a recession as traders bet on aggressive rate rises by all the European central banks, the Fed is still expected to be nearing the end of their respective rate hiking campaign. The focus in the US will fall on the PCE readings. If inflation comes down as expected, the swap futures might grow even more confident that the Fed will only deliver one more rate hike.
23-06-2023 15:16 GMT
by Edward Moya
OANDA Senior Market Analyst Ed Moya joins Jonny Hart and Trader Nick to analyze the flash global PMIs, the UK's mortgage crisis, Elon Musk Vs Mark Zuckerberg, and the return of the crypto bulls.
23-06-2023 14:36 GMT
by Edward Moya
Dollar drops after 3-day rally
Powell remains hawkish; bringing down inflation has a long way to go
Fed swaps price in a 69.2% chance of a hike at the July 26th FOMC meeting
US stocks declined as Fed Chair Powell’s testimony to the House affirmed the Fed’s threat of higher rates to combat inflation. Wall Street should not have been surprised by Fed Chair Powell’s commitment to vanquish inflation, but swap futures are still only pricing in one more rate hike. Powell reiterated that the economy
21-06-2023 16:41 GMT
by Edward Moya
“Artificial Intelligence” (AI) equity-theme plays are the main contributor so far in the current bull market.
Non-technology companies are now jumping into the AI-related bandwagon.
The gap between current AI optimism and economic cyclical factors has widened.
21-06-2023 04:04 GMT
by Kelvin Wong
Wall Street awaits a week full of hawkish Fed speak
Global risk aversion settles in as PBOC stimulus disappoints
US-China relations improve but no significant breakthroughs are expected
US stocks are starting on softer footing on disappointment from the PBOC’s stimulus efforts for the struggling property market and on expectations Fed Chair Powell will defend the FOMC’s dot plots. Improving sentiment with US-China relations was somewhat faded as the yuan was fixed at the lowest levels since N
20-06-2023 12:07 GMT
by Edward Moya
S&P 500 poised for best week since March
Barkin and Waller resume hawkish Fed speak
One-year inflation expectations fall to the lowest levels since March 2021
US stocks are ready for a long weekend as traders are exhausted from a week filled with high impact events that didn’t derail momentum in equities. The Fed’s hawkish hold was followed by further hawkish reminders by Barkin and Waller. Fed's Barkin said that if the Fed backs off too soon, it risks having to hike more, while Fed's Waller,
16-06-2023 11:52 GMT
by Edward Moya
ECB hikes rates by 25bps and hot inflation outlook sends euro higher
Wall Street starts to doubt Fed hiking pledge
Fed swap futures suggest a 62% chance of a rate hike at July 26th meeting
US stocks are wavering after a data dump didn’t really give a clear signal about the economy. Wall Street is suffering from a Fed hangover that won’t go away anytime soon as the economy will remain vulnerable as further tightening seems likely.
15-06-2023 10:02 GMT
by Edward Moya
OANDA Senior Market Analyst Ed Moya joins Jonny Hart and Trader Nick to analyze the Fed's hawkish skip, updated staff projections, and Fed Chair Powell's presser. They also preview the ECB rate decision.
14-06-2023 17:17 GMT
by Edward Moya
Fed held interest rates steady after 10 straight increases
Fed Dot plots show two more small rate hikes are expected but swap futures only price in one rate increase
Hawkish FOMC statement and projections undone as Powell was unable to convince markets that 2 more increases will likely happen
US stocks initially tumbled after the Fed tried to deliver a very hawkish skip. A unanimous vote to pause the Fed’s rate hiking campaign also included a very hawkish dot plot.
14-06-2023 16:03 GMT
by Edward Moya
Tech trade remains strong, sending the S&P 500 to a 13-month high
Ahead of the May inflation report, Fed swaps are pricing a 23.8% chance the Fed will raise rates on Wednesday
Dollar and Treasury yields edge higher
US stocks are rallying ahead of a massive macro week that contains a key inflation reading, some major central bank rate decisions, and many important economic readings. The bull market rally looks like it doesn’t want to stop, which means Wall Street appears confident that the F
12-06-2023 15:32 GMT
by Edward Moya
OANDA Senior Market Analyst Ed Moya joins Jonny Hart and Trader Nick to discuss the start of the start of a new bull market, China's inflation data, Canada's employment report, and recap this week in crypto.
09-06-2023 12:50 GMT
by Edward Moya
Wall Street is clearly in waiting-on-the-Fed mode, but optimism is growing that the Fed might end up being done with their rate hiking cycle. The data-dependent Fed has locked themselves into a skip and that seems to be mostly priced in. Even if we get a somewhat hot inflation report next week, they are likely to keep rates steady at the June 14th meeting. Now that we are seeing weakness in the service sector and overall softness is emerging in the labor market, we should anticipate that the i
08-06-2023 11:24 GMT
by Edward Moya
Stocks are declining after investors got spooked when the Bank of Canada restarted their rate hiking campaign. Canada’s central bank is viewed as one of the leaders when it comes to being proactive with monetary policy. They were the first to raise rates in 2022 and then put them on hold earlier this year. The BOC is signaling that more rate hikes could come and that has everyone rethinking that the Fed will be done after the July hike.
Oil
Crude prices are higher after the EIA report
07-06-2023 14:10 GMT
by Edward Moya
Treasury yields edge higher; 10-year rises 2.3bps to 3.706%
Apple momentum stalls on skepticism with $3,499 headset
VIX touches lowest level since 2021
Stocks
After a valiant attempt at entering a bull market, stocks are wavering as Wall Street contemplates how much more tightening will we see by the Fed. Providing some support for equities was news that Secretary of State Blinken is expected to make a visit to China and meet with key officials. Any progress in cooling tensions with the wor
06-06-2023 13:06 GMT
by Edward Moya
Consumer Confidence hits 6-month low
Nvidia joins the $1 Trillion club
Treasury Yields tumble on debt deal optimism; 10-year falls 11.4 bps to 3.685
Wall Street has returned from a long weekend with a bit of optimism that the US will avert a potentially disastrous default. The Nasdaq is leading the way after Nvidia joined the $1 trillion in value club after announcing a couple key partnerships and outlining several AI -related products.
The spotlight remains on Washington DC and the House Ru
30-05-2023 14:11 GMT
by Edward Moya