OANDA Market Beat Podcast

The US dollar rose across the board versus major pairs on Thursday. Global growth concerns rose as central banks keep the dovish rhetoric on hand and recession indicators are making investors seek safe havens. US GDP for the fourth quarter of 2018 was lower than expected at 2.2 percent. The U.S. Federal Reserve has taken off the table, via dot-plot, the possibility of a rate hike this year, but now probabilities of a rate cut are rising. The Fed was net dove at the end of the FOMC meeting with the only hawkish comments to praise the solid US economy. The data is not backing up that optimism which could mean a return to stimulus via lower rates.

The US dollar is mixed across the board against major pairs on Friday. The greenback was left reeling after the U.S. Federal Reserve kept rates unchanged and did not anticipate a rate hike in 2019 on Wednesday. The dollar's quick rebound on Thursday was based on two factors: interest rate differentials and growing concerns about UK and European growth. Despite the dovish statement form the Fed, US growth marches ahead of the pack and continues to be a driver of dollar strength. Brexit uncertainty is fuelling a rise in safe haven demand as investors try to assess the damage a potential no-deal exit could have not only the UK and EU economies but the global implications.

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The US dollar is mixed against major pairs on Monday. The positive news on the US-China trade front unlocked risk appetite but US President Trump’s tweet about OPEC and oil prices put downward pressure on the Canadian dollar. Stocks were boosted by trade deal hopes, while commodities were hit by Trump’s second tweetstorm as it once again targeted OPEC for keeping prices higher. Oil dropped more than 3 percent with investors looking ahead at Fed Chair Powell’s testimony on Tuesday. The Canadian dollar fell 0.41 percent pulled down by oil prices that depreciated after President Trump’s tweet.

The US dollar is higher across the board across major pairs as US disappointing data triggered anxiety that lead to a drop in stock markets. As positions were liquidated there was demand for the greenback. US durable goods came in under the forecast but the a more forward looking indicator the Philly Fed manufacturing Index fell to a negative reading highlighting worsening conditions. The US central bank has already stressed patience after holding rates unchanged and pausing its balance sheet normalization program. Mixed data has validated their view on the economy, the stock market took the negative indicators as a signal that darkening clouds are more prevalent in the horizon and sought refuge in the US dollar. US-China trade talks remain on track, but with little details on what the next moves are as the March 1 deadline approaches, the market paid more attention to the lower than expected US data on Thursday.

The US dollar was mixed against major pairs on Tuesday. US and Chinese officials kicked off a new round of talks to avoid increasing tariffs on March 1. Despite hopeful comments from both sides there has been little of substance that markets can digest as trade representative Robert Lightizer and Treasury Secretary Mnuchin will visit Beijing this week.

The US dollar is higher against most major pairs on Tuesday. The AUD and NZD are the outliers appreciating against the greenback but remaining majors trade in various shades of red. The market awaits the second State of the Union address from US President Donald Trump. The longest government shutdown precedes his speech amping the contentious atmosphere in Washington. The shutdown was cancelled but it’s a temporary fix, as Democrats and Republicans stand far apart on major issues like the border wall. Given Trump's hard to predict antics the market could be in for a treat, one that includes a seldom seen side of the US President. Conciliatory Trump could be on the menu, but unlikely as he has preferred antagonizing his opponents, then again that tactic was not successful with the newly emboldened Democrats so it’s not time to rule anything out.

The US dollar is mixed against mayor pairs on Monday. The safe havens are trending higher with the yen and Swiss franc gaining, joining the club is the euro as investors look to reduce their US dollar exposures as US political uncertainty rises. The U.S. Federal Reserve is not expected to modify its monetary policy at the end of the 2-day FOMC meeting, but the press conference with Chair Powell will be tracked closely for any insights after several members have openly discussed pausing the path of rising interest rate hikes. The Fed signalled on Friday that it could slow down the balance sheet reduction program put in place to keep tightening monetary policy adding to the factors putting pressure on the US dollar. The currency has been sold after President Trump reached a deal to reopen the Federal government. Washington will continue to operate amidst political uncertainty with the discussed agreement only valid until February 15 when a new shutdown could occur if Democrats and the GOP don’t reach a deal on the border wall.

The US dollar is mixed against major pairs on Tuesday. The Martin Luther King holiday in the States did not slow down the dollar back from a long weekend. the pound is higher on positive Brexit news or lack of negative ones and the Japanese yen awaits the Bank of Japan statement. Chinese data showed the second largest economy is losing momentum with only a 6.4 percent growth in the fourth quarter. The Chinese indicators were partly offset by a growing optimism that a resolution to the US-China trade war is in the works along with an upcoming stimulus package in China to boost growth. The Financial times and CNBC reported earlier that a trade meeting between China and the United States was canceled, but White House Trade Adviser Kudlow declared that there was no plan to meet. The next meeting will be at the end of January when the China Vice Premier visits the US.

The US dollar is mixed against major pairs on Monday. The greenback is down against the Japanese yen, the Swiss franc and the British pound, but is appreciating against the euro, Canadian, New Zealand and Australian dollars. Data released out China shows a slowdown in trade which has impacted global growth expectations to the downside. Despite the positive headlines out of Beijing and Washington about progress in their trade talks, there has been little got show. The tariff spat was fast and furious as both sides retaliated, but reaching an agreement has not been as speedy. Brexit will be the main focus on Tuesday as the UK parliament is set to vote, with success almost ruled out, but as an event that will be measured on how close Prime Minister May can get to a deal to see if there is hope for more attempts and something to use as leverage with the European Union to seek a time extension.

The US dollar is higher against most major pairs on Tuesday. The Canadian dollar is an outlier as it gained 0.17 percent versus the greenback ahead of the Bank of Canada (BoC) rate statement. The Canadian central bank has divided analyst as is expected to hold rates even if an interest rate hike would not be a total surprise. The BoC was expected to hike a couple of times in 2019, specially after staying put in December while the Fed lifted American rates. The volatile end of the year and the rocky start to this one has changed Fed monetary policy expectations and its anticipated Governor Poloz waits until there is less uncertainty on trade and oil prices before seeking normalization. Canadian trade deficit widened in November BoC to hold rates at 1.75 percent Fed Minutes from December FOMC to be published

Dollar Looking for Economic Guidance Ahead of Busy Week** The US dollar is mixed against most major pairs on Monday after the G20 meeting in Argentina. Presidents Donald Trump and Xi Jinping reached a ceasefire in the trade dispute between their two nations. The US will no longer add any sanctions to Chinese goods in the next 90 days. Markets were boosted by the news and equities advanced as growth estimates have been lowered if a trade war were to continue between the two economies. The greenback fell across the board on Wednesday after the market took the comments from Fed Chair Powell on interest rates to mean less rate hikes from the central bank. The minutes form the November Federal Open Market Committee (FOMC) showed all members are onboard with more rates hikes coming "very soon" but the dovish narrative was in full force and the dollar only partially recovered to end up slightly higher against major pairs on a weekly basis.

OANDA Market Beat Podcast is a discussion of upcoming market news macro analysis and economic indicator releases that will impact currencies, stocks and other asset classes with Alfonso Esparza. The dollar was higher on Friday against most major pairs and is mixed on Monday as US traders got back in action after the Thanksgiving holiday. The greenback gained the most against the EUR as disappointing PMI surveys and the uncertain future of the Brexit deal ahead of the weekend took its toll on the single currency. Oil prices tumbled as fears of oversupply put losses at more than 11 percent despite the best efforts of the Organization of the Petroleum Exporting Countries (OPEC) to once again stop the decline with a probable production cut agreement. Global growth concerns are reducing expectations of energy demand with the trade war between the US and China a growing concern ahead of the G20 meeting in Argentina later this month.

OANDA Market Beat Podcast is a discussion of upcoming market news macro analysis and economic indicator releases that will impact currencies, stocks and other asset classes with Alfonso Esparza.

OANDA Market Beat Podcast is a discussion of upcoming market news macro analysis and economic indicator releases that will impact currencies, stocks and other asset classes with Alfonso Esparza.

OANDA Market Beat Podcast is a discussion of upcoming market news macro analysis and economic indicator releases that will impact currencies, stocks and other asset classes with Alfonso Esparza.

OANDA Market Beat Podcast is a discussion of upcoming market news macro analysis and economic indicator releases that will impact currencies, stocks and other asset classes with Alfonso Esparza.

OANDA Market Beat Podcast is a discussion of upcoming market news macro analysis and economic indicator releases that will impact currencies, stocks and other asset classes with Alfonso Esparza.

OANDA Market Beat Podcast is a discussion of upcoming market news macro analysis and economic indicator releases that will impact currencies, stocks and other asset classes with Alfonso Esparza. The US dollar is weak across the board versus major pairs on Monday. The release of US September retail sales data was lower than expected and it dented the greenbacks chances of recovery. US consumers did not show up as analysts had estimated, in particular at the food service sector. Core retail sales actually shrank 0.1 percent against a forecast of 0.4 percent expansion. US stocks were also lower on Monday and did not offer support to the US currency. A sell off in global equities has boosted gold as a safe haven as investors seek safety as volatility rises. The Fed continues to be optimistic and breaking with tradition has not issued any statements on the economy as markets still trade lower. Inflation data underperformed last week and this week its the turn of retail sales. The two have often stopped dollar rallies on their tracks. Employment had also a softer headline in October so the greenback is under pressure as fundamental data has disappointed. China-US relations have not improved and geopolitical concerns rose when Saudi Arabia issued strong statements over comments on the disseverance of a journalist. Oil prices have been caught between a growth forecast downgrade by the International Monetary Fund (IMF) and supply concerns in the aftermath of the Iran sanctions.

OANDA Market Beat Podcast is a discussion of upcoming market news macro analysis and economic indicator releases that will impact currencies, stocks and other asset classes with Alfonso Esparza. The USD dollar is lower after a inflation indicator miss is raising concerns about a December rate hike. Comments from US President Donald Trump on the Fed's monetary policy decisions are also putting downward pressure on the currency. Oil and gold are diverging as energy is falling, while safe haven flows are pouring into the yellow metal.

OANDA Market Beat Podcast is a discussion of upcoming market news macro analysis and economic indicator releases that will impact currencies, stocks and other asset classes with Alfonso Esparza.

OANDA Market Beat Podcast is a discussion of upcoming market news macro analysis and economic indicator releases that will impact currencies, stocks and other asset classes with Alfonso Esparza.

OANDA Market Beat Podcast is a discussion of upcoming market news macro analysis and economic indicator releases that will impact currencies, stocks and other asset classes with Alfonso Esparza.

OANDA Market Beat Podcast is a discussion of upcoming market news macro analysis and economic indicator releases that will impact currencies, stocks and other asset classes with Alfonso Esparza.

OANDA Market Beat Podcast is a discussion of upcoming market news macro analysis and economic indicator releases that will impact currencies, stocks and other asset classes with OANDA's Senior Market Analyst, Alfonso Esparza. The US dollar is higher across the board versus majors as North American markets rejoin activity after the Labour day holiday. Efforts were made by American and Canadian diplomats to reach an agreement by the arbitrary Friday deadline, but big issues remained unresolved. US President Trump made comments on Saturday that could end up derailing the agreement as both teams restart negotiations on Wednesday on the back foot. In a week that had a busy trade agenda, Canada joining the US-Mexico agreement would have been a major win but is now raising more concerns. Emerging markets fell as the US dollar was the definitive safe haven destination as questions arose on how sustainable is global growth with more trade barriers. Trade fears are also behind the decision from Bank of England (BoE) Governor Mark Carney to extend his term to make sure the English economy is in a steady state after Brexit.

OANDA Market Beat Podcast is a discussion of upcoming market news macro analysis and economic indicator releases that will impact currencies, stocks and other asset classes with Alfonso Esparza.

OANDA Market Beat Podcast is a discussion of upcoming market news macro analysis and economic indicator releases that will impact currencies, stocks and other asset classes with OANDA Senior Market Analyst Alfonso Esparza. The US dollar depreciated on Wednesday versus most major pairs after the release of the Fed minutes. The central bank published the notes from the Federal Open Market Committee (FOMC) meeting where plans for two more rate hikes are present but since that scenario has been fully priced into the dollar the fact that policy members see risks of trade disputes impacting the growth of the economy weighed down on the currency.

OANDA Market Beat Podcast is a discussion of upcoming market news macro analysis and economic indicator releases that will impact currencies, stocks and other asset classes with OANDA Senior Market Analyst Alfonso Esparza. The US dollar appreciated versus most major pairs on Friday. The Japanese yen outperformed the greenback as a safe haven, but all other major currencies suffered heavy losses during the week. Tense trade developments between China and the US and Friday’s drop in the Turkish lira dragged emerging and developed markets lower as US sanctions were doubled. Geopolitics drowned out most of the impact of economic releases with US inflation hitting a new high and Canadian part time jobs driving a drop in the unemployment rate. Turkish lira fell more than 20 percent in a week US retail sales to remain subdued UK retail sales to show more evidence of solid summer

OANDA Market Beat Podcast is a discussion of upcoming market news macro analysis and economic indicator releases that will impact currencies, stocks and other asset classes with Alfonso Esparza and the Vice President of Research Dean Popplewell. Topics discussed: - Bank of Japan (BOJ) monetary policy meeting - U.S. Federal Reserve monetary policy meeting - Bank of England (BoE) - U.S. non farm payrolls (NFP) and Fed comments by President Donald Trump

OANDA Market Beat Podcast is a discussion of upcoming market news macro analysis and economic indicator releases that will impact currencies, stocks and other asset classes with Alfonso Esparza.

OANDA Market Beat Podcast is a discussion of upcoming market news macro analysis and economic indicator releases that will impact currencies, stocks and other asset classes with Alfonso Esparza. The Trade War comments and Trump’s European Trip Boosted the US Dollar The US dollar was higher across the board against major pairs on Friday. Trade war concerns rose heading into the weekend and the comments from US President Donald Trump during the week sparked a rally of USD buying. Trump has been outspoken on NATO, trade and the Brexit deal while economic indicators and the US Fed have been supportive of the greenback. The Trump administration has said that it would add 10 percent tariffs on additional $200 billion Chinese goods if the Asian nation retaliates.

OANDA Market Beat Podcast is a discussion of upcoming market news macro analysis and economic indicator releases that will impact currencies, stocks and other asset classes with Alfonso Esparza. Trade Uncertainty Hits Dollar Confidence The US dollar fell against major pairs on Friday despite a strong June NFP report. The impending start of tariffs against Chinese goods and the retaliation from the Asian nation on US exports put downward pressure on the dollar. The US economy added 213,000 jobs and wages rose 0.2 percent but it is the threat of trade war escalation that put pressure on the US currency. The Canadian dollar advanced against its southern neighbour ahead of the Bank of Canada (BoC) rate statement on Wednesday. The BoC could hike rates to keep up with American interest rates. The weekend brought a major showdown in England as Theresa May presented a soft Brexit strategy to her party that prompted some of the more hardline Brexiteers to quit, jeopardizing May’s position as leader of the party. - UK Manufacturing expected to bounce back - Bank of Canada (BoC) to hike interest rate to 1.50% - US inflation to keep rising at 0.2% m/m

Dollar Solid Ahead of July 4 Holiday The US dollar is mixed against most major currencies on Tuesday. The market has been trading in a tight range ahead of the Fourth of July holiday. The Canadian dollar was the single currency that appreciated versus the greenback last week. The loonie moved higher with the release of a stronger than expected monthly GDP number on Friday. The softer trade comments also helped dissipate the risk aversion sentiment lifting the Canadian currency. Oil prices in North America are higher as lower supply due to disruptions put WTI crude above $74. US jobs data will be released on Friday, July 6 at 8:30 am EDT with Canadian employment data also due at that time. - RBA kept rates unchanged at 1.50% on Tuesday as expected - FOMC meeting minutes to be published on Thursday - Canadian and US employment data due on Friday

Dollar Mixed as EU Trade Spat Escalates The US dollar is mixed against major pairs. Safe havens like the Swiss franc, Japanese yen and the euro have gained against the greenback, while the Canadian and New Zealand dollars along with the pound are lower. Strong data in Europe boosted the single currency but the rally was short lived after the Trump administration announced a review of US-EU trade that could result in a 20 percent tariff on European car imports. Oil prices surged after the Organization of the Petroleum Exporting Countries (OPEC) and other major producers agreed to increase supply at the end of their collective meeting in Vienna. The Canadian dollar became the worst performer against the US dollar as inflation and retail sales disappointed on Friday.

Dollar Higher After Fed Hike and Dovish ECB** The US dollar is mixed against all major pairs on Tuesday. A hawkish Fed and a dovish European Central Bank (ECB) gave the edge to the American currency. Donald Trump scored diplomacy points in Singapore by meeting with North Korean leader Kim. Trade war fears were once again at the forefront as the Trump administration announced new tariffs on Chinese goods on Friday. Oil prices plunged as supply might be on the rise with heavy anticipation on the Organization of the Petroleum Exporting Countries (OPEC) meeting on Friday.

Dollar Struggles as Geopolitics and Central Banks Take Center Stage The US dollar is lower against major pairs this week as the market prepares for an eventful week. The U.S. Federal Reserve will kick off its June Federal Open Market Committee (FOMC) meeting on Tuesday June 12. The two day meeting is expected to end with the announcement of a 25 basis points rate hike. The same day President Donald Trump will be in Singapore for the much anticipated meting with North Korean Leader Kim Jong Un. That is also the same day that UK Prime Minister Theresa May will ask her party to overturn changes to the EU withdrawal bill. The European Central Bank (ECB) could add support for the single currency with analysts anticipating a hawkish statement signalling faster tapering on its massive QE program.

Geopolitical Tensions Moderate Ahead of US Jobs Week** The US dollar was up against majors pairs on Friday ahead of the release of employment data in America. On a weekly basis the greenback gained against the CAD, EUR and GBP but lost ground against the JPY, AUD and CHF after five days that featured various geopolitical developments. Holidays in the United Kingdom and the United States will make for a short trading week, but one that will be filled with economic data releases alongside new reports from US-China and US-North Korea relations.

Central Bank Comments Boost US Dollar The US dollar is higher across the board after geopolitical tensions have eased and Fed speakers are making a case for a faster rate hike for US interest rates. The hawkish comments from Fed’s Loretta Mester contrasted with dovish comments from the European Central Bank (ECB) and Bank of England (BoE) officials which put downward pressure on their respective currencies. The highlights for the trading week will be the rate statements from the ECB and the Bank of Japan (BOJ) alongside the release of the first estimate of the first quarter growth in the US.

Trade War Anxiety and NFP Miss Sink US dollar The US dollar is mixed against major pairs after the U.S. non farm payrolls (NFP) headline jobs number failed to meet expectations. The US added 103,000 jobs short of the 193,000 jobs forecast. Wage growth came in as anticipated at 0.3 percent to keep the pressure on the U.S. Federal Reserve to raise interest rates. Fed Chairman Jerome Powell spoke on Friday and reassured investors the central bank would be gradually increasing borrowing costs in the US. Chair Powell did not directly address trade tensions and its possible impact on the economic outlook as he deemed it is too early to quantify the impact.

US Dollar Falls as Trade War Anxiety Triggers Flight to Safety The US currency is weaker against all major pairs as US tariffs targeting China were announced. The USD was trading higher on Wednesday after the U.S. Federal Reserve hiked interest rates by 25 basis points as anticipated. Fed Chair Jerome Powell was neutral on his first press conference but the economic projections painted a strong US economy. The announcement on Thursday of Chinese imports by the Trump administration drove stock markets lower and put downward pressure on the dollar. The economic calendar will have few major market moving events awaiting the easter holiday with the US final GDP estimate for Q4 to be released on Wednesday, March 28 at 8:30 am EDT the main attraction. Canadian monthly GDP will be published on Thursday, March 29 at 8:30 am EDT.