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Understand what drives market movements

MarketPulse provides timely, relevant, and informative commentary on major macroeconomic trends, technical analysis, and global events that impact the financial markets.

It’s an excellent resource for traders and investors seeking to understand the immediate context and sentiment that drives market movements. It provides in-depth technical analysis of specific assets and trading strategies, as well as practical tools like the Economic Calendar and Live Rates, which are essential for trade planning and risk management.

The week ahead

Chart alert: GBP/USD remains firm above 1.3479 ahead of US CPI
GBP/USD remains firm ahead of the US CPI release after breaking above a key medium-term descending trendline following last Friday’s US NFP. Sterling’s near-term bullish momentum remains intact above the 1.3479 pivotal support, with upside targets at 1.3547, 1.3580 and 1.3643. A hotter-than-expected US core CPI could revive Fed rate-hike expectations and US dollar strength, while softer inflation may reinforce GBP/USD’s bullish breakout.
by Kelvin Wong
GBP_Notes_Cash_UK
Dollar faces a tougher period as Fed expectations may shift
The dollar remains supported by relatively hawkish Fed expectations, but this advantage may weaken. A US-Iran de-escalation could lower energy prices and inflation risks, reducing the case for further US tightening. If markets begin to price a softer Fed policy path, the dollar could come under pressure and EUR/USD could gradually move higher.
by Łukasz Zembik
Chart alert: Yen’s 3-day weakness pauses at key 158.55/USD inflexion level ahead of NFP
USD/JPY’s three-day rebound is showing signs of exhaustion near the key 158.55 inflexion level ahead of the US non-farm payrolls release. The narrowing 2-year UST-JGB yield spread, a potential bearish flag and weakening hourly RSI momentum suggest renewed downside risks for USD/JPY. A break below the 157.95 downside trigger could expose 157.30 and 156.32, while a move above 158.55 may extend the rebound towards 159.45.
by Kelvin Wong
Chart alert: Microsoft (MSFT) bearish Head & Shoulders pattern emerges ahead of earnings
Microsoft's fiscal Q4 2026 earnings will be closely watched as investors assess whether the software giant can convert record AI infrastructure spending into stronger Azure growth, Copilot monetisation, and free cash flow. With Microsoft's Capex-to-Revenue ratio reaching a record high among the Magnificent 7 and technical indicators turning increasingly bearish, traders will focus on whether management's guidance can justify its elevated AI investment strategy.
by Kelvin Wong
Chart alert: Intel (INTC) bearish momentum intact below 120.35 as earnings loom
Intel reports its Q2 2026 earnings with investors closely watching whether its AI-driven turnaround can justify its 172% year-to-date rally. Beyond headline EPS and revenue, traders will focus on Data Centre and AI growth, capital expenditure, free cash flow, and management guidance. With technical indicators weakening and AI spending coming under greater scrutiny following Alphabet's earnings, Intel faces a critical test of both fundamentals and market sentiment.
by Kelvin Wong