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Hawkish ECB boost the single currency The euro has caught a strong bid against the pound in recent days on the back of some very hawkish commentary from the ECB and poor economic data in the UK. The...
Oil rally stalls Oil prices are relatively flat on Tuesday as global economic fears and the prospect of tighter restrictions in Beijing take some of the heat out of the rally. Brent and WTI are...
Stock markets are back in the red on Tuesday, with US futures also pointing to a negative start on Wall Street in a couple of hours. These wild swings from one day to the next have become the norm as...
The New Zealand dollar reversed directions after a solid 3-day rally. In the European session, NZD/USD was trading at 0.6432, down 0.55% on the day.China jitters weigh on NZ dollarNew Zealand’s...
Snap, Crackle, Pop may bring back memories of breakfast cereals, but for Snap (NYSE:SNAP) their quarterly guidance was more of a dog’s breakfast. Snap’s stock price went snap, crackle,...
Lagarde comments trigger latest rallyThe euro surged at the start of the week after ECB President Christine Lagarde laid out a very clear path for tightening in the coming months. This is extremely...
The euro jumped out of the gates on Monday with sharp gains. In the European session, EUR/USD was trading at 1.0673, up 1.12% on the day.Euro reboundsThe euro looked hopelessly lost earlier this...
Recessionary concerns continue to hold back the buy-the-dippers in Asia today, with Asian stock markets completely ignoring the strong rally by US index futures this morning. It is always worth taking...
It’s been another turbulent week in financial markets and there’s nothing to suggest it’s going to ease up any time soon. For months investors have been asking themselves how many...
OANDA Senior Market Analyst, Craig Erlam, talks about why gold has rebounded in recent days and whether it can continue.
After a brutal slide over the past two months, the Japanese yen is showing some bounce in its step.Japanese yen bounces backThe yen registered 10 straight losing weeks but finally ended that nasty...
The British pound is drifting on Friday, after showing unusually strong volatility this week. The pound rebounded on Thursday, racking up gains of 1.06% and briefly breaking above the symbolic 1.25...
Oil slips as economic concerns weigh Those economic concerns are filtering through to the oil market which is seeing the third day of losses, down a little more than 1% today. We were bound to see...
US stocks edged lower yesterday as Wall Street became more focused over a deteriorating growth outlook that could see stubbornly high pricing pressures for the Fed into a much more aggressive...
The British pound reversed directions on Thursday, after sliding 1.22% a day earlier. GBP/USD was trading at 1.2402 in the European session, up 0.50% on the day. The UK releases retail sales on...
Unemployment falls to record lowThe Australian dollar rebounded on Thursday. AUD/USD was trading at 0.6980 in the European session, up 0.38% on the day. Australia’s April employment report was a...
After three successive winning sessions, the Australian dollar reversed directions on Wednesday. In the European session, AUD/USD was trading slightly above the symbolic 70 level.Wage growth ticks...