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Craig Erlam

Craig Erlam

Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.


Author's articles

Oil Rally Driven by Saudi and Russian Cuts Continues Amid Economic Considerations

Oil Rally Driven by Saudi and Russian Cuts Continues Amid Economic Considerations

FOREX
Craig Erlam
Australian Employment Surprises with 64,900 New Jobs in August, Boosting AUD, While AUDUSD Charts Show Potential for Double Bottom

Australian Employment Surprises with 64,900 New Jobs in August, Boosting AUD, While AUDUSD Charts Show Potential for Double Bottom

FOREX
Craig Erlam
ECB Raises Rates by 25 Basis Points but Hints It May Be the Last in the Cycle

ECB Raises Rates by 25 Basis Points but Hints It May Be the Last in the Cycle

FOREX
Craig Erlam
Strong Employment Surge in Australia: Is a Reversal in AUDUSD Imminent?

Strong Employment Surge in Australia: Is a Reversal in AUDUSD Imminent?

FOREX
Craig Erlam
New Zealand Dollar's Bearish Trend Wanes as Global Growth Outlook Improves

New Zealand Dollar's Bearish Trend Wanes as Global Growth Outlook Improves

FOREX
Craig Erlam
US CPI Data Indicates Hawkish Stance Remains, Dollar Strengthens

US CPI Data Indicates Hawkish Stance Remains, Dollar Strengthens

FOREX
Craig Erlam
Canadian Dollar Falters as USD/CAD Tests Key Support Amidst Rising Oil Prices and Economic Data

Canadian Dollar Falters as USD/CAD Tests Key Support Amidst Rising Oil Prices and Economic Data

FOREX
Craig Erlam
Downside Risks Loom Over Global Economy as Oil Market Remains in Deficit

Downside Risks Loom Over Global Economy as Oil Market Remains in Deficit

FOREX
Craig Erlam
Bank of Japan Governor Hints at Rate Hike: A Closer Look

Bank of Japan Governor Hints at Rate Hike: A Closer Look

FOREX
Craig Erlam
German Inflation Holds Steady at 6.1% Amid Economic Weakness, ECB's Dilemma Looms

German Inflation Holds Steady at 6.1% Amid Economic Weakness, ECB's Dilemma Looms

FOREX
Craig Erlam
BoE Hints at Balanced Debate for Next Meeting as Weakness Looms

BoE Hints at Balanced Debate for Next Meeting as Weakness Looms

FOREX
Craig Erlam
EUR/USD Hits Two-Month Low as Eurozone and German Services PMIs Contract, Inflation Expectations Steady

EUR/USD Hits Two-Month Low as Eurozone and German Services PMIs Contract, Inflation Expectations Steady

FOREX
Craig Erlam
WTI Crude Oil Technical Analysis: Short-Term Uptrend Faces Potential Pull-Back

WTI Crude Oil Technical Analysis: Short-Term Uptrend Faces Potential Pull-Back

FOREX
Craig Erlam
US August Jobs Report: NFP Beats Expectations, Dollar Rallies, EURUSD Faces Bearish Pressure

US August Jobs Report: NFP Beats Expectations, Dollar Rallies, EURUSD Faces Bearish Pressure

FOREX
Craig Erlam
Global Economic Snapshot: Key Events and Indicators to Watch in Various Economies Next Week

Global Economic Snapshot: Key Events and Indicators to Watch in Various Economies Next Week

FOREX
Craig Erlam
Canada's Q2 GDP Eases, US Nonfarm Payrolls Expected at 177,000 - Impact on USD/CAD

Canada's Q2 GDP Eases, US Nonfarm Payrolls Expected at 177,000 - Impact on USD/CAD

FOREX
Craig Erlam
Euro Falls as Eurozone Inflation Data Contradicts Expectations

Euro Falls as Eurozone Inflation Data Contradicts Expectations

FOREX
Craig Erlam
Mixed Economic Signals: ADP Jobs, Revised GDP, and USD Trends

Mixed Economic Signals: ADP Jobs, Revised GDP, and USD Trends

FOREX
Craig Erlam
Gold's Upswing Fueled by JOLTS Data as US 2-Year Yield Slips Below 5%: Could $1,950 Pose Significant Resistance?

Gold's Upswing Fueled by JOLTS Data as US 2-Year Yield Slips Below 5%: Could $1,950 Pose Significant Resistance?

FOREX
Craig Erlam
Oil Prices Find Stability within New Range Amid Market Factors

Oil Prices Find Stability within New Range Amid Market Factors

FOREX
Craig Erlam
US Labor Market Update: JOLTS Job Openings Slip, Consumer Confidence Falls

US Labor Market Update: JOLTS Job Openings Slip, Consumer Confidence Falls

FOREX
Craig Erlam
EUR/USD Reacts to Mixed Economic Data: Euro Recovers from Dip Below 1.08

EUR/USD Reacts to Mixed Economic Data: Euro Recovers from Dip Below 1.08

FOREX
Craig Erlam
UK Yields Fall Amid Economic Uncertainty as BoE Considers Further Rate Hikes

UK Yields Fall Amid Economic Uncertainty as BoE Considers Further Rate Hikes

FOREX
Craig Erlam
New Inflation Methodology Sparks Hope for BoE as GBPUSD Faces Resistance

New Inflation Methodology Sparks Hope for BoE as GBPUSD Faces Resistance

FOREX
Craig Erlam
Gold's Fate Hangs on US CPI Report: Will Strong Inflation Drive a Breakdown or Rebound?

Gold's Fate Hangs on US CPI Report: Will Strong Inflation Drive a Breakdown or Rebound?

FOREX
Craig Erlam
Chinese Trade Data's Ripple Effect: Navigating Oil Price Dynamics

Chinese Trade Data's Ripple Effect: Navigating Oil Price Dynamics

FOREX
Craig Erlam
EURUSD Awaits Fed and ECB Decisions: Data Dependency and Dovish Hike Expectations

EURUSD Awaits Fed and ECB Decisions: Data Dependency and Dovish Hike Expectations

FOREX
Craig Erlam
USD/JPY Faces Resistance at 20-day Moving Average Ahead of BoJ Decision

USD/JPY Faces Resistance at 20-day Moving Average Ahead of BoJ Decision

FOREX
Craig Erlam
ECB Raises Rates by 25 Basis Points; Eurozone Yields Fall as Euro Slides

ECB Raises Rates by 25 Basis Points; Eurozone Yields Fall as Euro Slides

FOREX
Craig Erlam
Chinese Stimulus Hopes Fail to Lift FTSE; Unilever Reports Strong Earnings as UK100 Nears All-Time Highs

Chinese Stimulus Hopes Fail to Lift FTSE; Unilever Reports Strong Earnings as UK100 Nears All-Time Highs

FOREX
Craig Erlam
Central Banks in Focus as Weak PMIs Impact Equity Markets; NAS100 Approaches Channel Lows Ahead of Fed Meeting

Central Banks in Focus as Weak PMIs Impact Equity Markets; NAS100 Approaches Channel Lows Ahead of Fed Meeting

FOREX
Craig Erlam
Oil Prices Surge to New Three-Month High; Brent Faces Key Resistance at 200-day SMA

Oil Prices Surge to New Three-Month High; Brent Faces Key Resistance at 200-day SMA

FOREX
Craig Erlam
Gold Pauses Ahead of Fed Meeting, Eyes on $2,000 Breakout

Gold Pauses Ahead of Fed Meeting, Eyes on $2,000 Breakout

FOREX
Craig Erlam
UK Inflation Shows Promising Decline, Signaling a Path to More Sustainable Levels

UK Inflation Shows Promising Decline, Signaling a Path to More Sustainable Levels

FOREX
Craig Erlam
Retail Sales Fail to Dampen Wall Street as Bank Earnings Inspire Investor Confidence; Dow Faces Major Obstacle at 35,000

Retail Sales Fail to Dampen Wall Street as Bank Earnings Inspire Investor Confidence; Dow Faces Major Obstacle at 35,000

FOREX
Craig Erlam
RBA's Policy Dilemma: Uncertainty Surrounding Future Moves as Markets Anticipate One More Hike

RBA's Policy Dilemma: Uncertainty Surrounding Future Moves as Markets Anticipate One More Hike

FOREX
Craig Erlam
Goldman Sachs Predicts Significant Crude Deficit, Markets Price in Fed Rate Cut, and Bitcoin ETF Awaited

Goldman Sachs Predicts Significant Crude Deficit, Markets Price in Fed Rate Cut, and Bitcoin ETF Awaited

FOREX
Craig Erlam
Chinese Growth Disappoints, Libya Resumes Production, Key Support Levels in Focus

Chinese Growth Disappoints, Libya Resumes Production, Key Support Levels in Focus

FOREX
Craig Erlam
Gold Retreats from Post-Inflation Gains, Focus on Key Resistance Levels

Gold Retreats from Post-Inflation Gains, Focus on Key Resistance Levels

COMMODITIES
Craig Erlam
The Weaker US Dollar and Potential Upside in Commodities Spark Inflationary Expectations

The Weaker US Dollar and Potential Upside in Commodities Spark Inflationary Expectations

FOREX
Craig Erlam
USD/JPY: Worst Weekly Loss, Support at 200-Day Moving Average Signals Potential Corrective Rebound

USD/JPY: Worst Weekly Loss, Support at 200-Day Moving Average Signals Potential Corrective Rebound

FOREX
Craig Erlam
Crude Prices Surge on Output Cuts and Inflation Data, Potential Resistance at $83-$84

Crude Prices Surge on Output Cuts and Inflation Data, Potential Resistance at $83-$84 - 17.07.2023

FOREX
Craig Erlam
China Housing Prices Rise, Retail Sales Plunge: Central Banks' Decisions Awaited in China, Australia, and Japan

China Housing Prices Rise, Retail Sales Plunge: Central Banks' Decisions Awaited in China, Australia, and Japan

FOREX
Craig Erlam
Central Banks in Focus: Rate Hikes Expected in Russia and Turkey, while SARB Maintains Status Quo

Central Banks in Focus: Rate Hikes Expected in Russia and Turkey, while SARB Maintains Status Quo

FOREX
Craig Erlam
Key Economic Events and Earnings Reports to Watch in US, Eurozone, and UK Next Week

Key Economic Events and Earnings Reports to Watch in US, Eurozone, and UK Next Week

FOREX
Craig Erlam
Dow Jones Industrial Average (DJIA) Underperforms S&P 500 and Nasdaq 100 as Sideways Range Persists

Dow Jones Industrial Average (DJIA) Underperforms S&P 500 and Nasdaq 100 as Sideways Range Persists

FOREX
Craig Erlam
Brent Crude Struggles to Sustain Momentum Above $80 Amid Weaker Chinese Trade Data

Brent Crude Struggles to Sustain Momentum Above $80 Amid Weaker Chinese Trade Data

FOREX
Craig Erlam
Gold Faces Key Fib Levels at $1,960, Testing Bullish Territory

Gold Faces Key Fib Levels at $1,960, Testing Bullish Territory

FOREX
Craig Erlam
US Inflation Turning a Corner? Earnings and Dow Resistance Level in Focus

US Inflation Turning a Corner? Earnings and Dow Resistance Level in Focus

FOREX
Craig Erlam
Crude Prices Surge on Output Cuts and Inflation Data, Potential Resistance at $83-$84

Crude Prices Surge on Output Cuts and Inflation Data, Potential Resistance at $83-$84

FOREX
Craig Erlam
NAS100 Daily: Resistance Zone and Potential Bullish Signals

NAS100 Daily: Resistance Zone and Potential Bullish Signals

FOREX
Craig Erlam
US Inflation Falls Faster than Expected, Fed Hike Still Likely

US Inflation Falls Faster than Expected, Fed Hike Still Likely

FOREX
Craig Erlam
Oil Prices Soar on Prospect of Soft Landing, Eyes Set on $80 Breakout

Oil Prices Soar on Prospect of Soft Landing, Eyes Set on $80 Breakout

FOREX
Craig Erlam
Gold Breaks Recent Range Highs Following CPI Release

Gold Breaks Recent Range Highs Following CPI Release

FOREX
Craig Erlam
Unraveling the Path Ahead: Gold and Silver Prices Amidst Fed Expectations

Unraveling the Path Ahead: Gold and Silver Prices Amidst Fed Expectations

FOREX
Craig Erlam
RBNZ Pauses Rate Hikes After Extended Cycle; Inflation Expected to Normalize, NZD's Performance Questioned

RBNZ Pauses Rate Hikes After Extended Cycle; Inflation Expected to Normalize, NZD's Performance Questioned

FOREX
Craig Erlam
Markets expect BoE to raise rates another 1.25%. UK unemployment rises to 4% in the three months to May, up from 3.8%!

Markets expect BoE to raise rates another 1.25%. UK unemployment rises to 4% in the three months to May, up from 3.8%!

FOREX
Craig Erlam
Brent hits one-month high! Saudi and Russian cuts supporting recent moves

Brent hits one-month high! Saudi and Russian cuts supporting recent moves

FOREX
Craig Erlam
Gold bulls are feeling a little more confident

Gold bulls are feeling a little more confident

FOREX
Craig Erlam
UK Jobs Report Anticipated to Show Strong Employment and Wage Growth, US Nonfarm Payrolls Decline Weighs on Dollar

UK Jobs Report Anticipated to Show Strong Employment and Wage Growth, US Nonfarm Payrolls Decline Weighs on Dollar

FOREX
Craig Erlam
Gold Consolidates Amid Uncertainty After NFP, Eyes US Inflation Data

Gold Consolidates Amid Uncertainty After NFP, Eyes US Inflation Data

FOREX
Craig Erlam
Oil Breaks Higher with Strong Momentum, Potential Bullish Breakout Ahead

Oil Breaks Higher with Strong Momentum, Potential Bullish Breakout Ahead

FOREX
Craig Erlam
US Inflation Data Awaited as Jobs Report Supports Another Fed Hike, Weak Chinese Demand Stalls Inflation

US Inflation Data Awaited as Jobs Report Supports Another Fed Hike, Weak Chinese Demand Stalls Inflation

FOREX
Craig Erlam
USD/JPY Faces Risk of Medium-Term Uptrend Breakdown, Minor Bounce Possible

USD/JPY Faces Risk of Medium-Term Uptrend Breakdown, Minor Bounce Possible

FOREX
Craig Erlam
European Equity Markets Brace for a Shocking Week, Fueled by Economic Anxiety and Resilient Data

European Equity Markets Brace for a Shocking Week, Fueled by Economic Anxiety and Resilient Data

FOREX
Craig Erlam
Oil Prices Show Resilience Despite Setbacks, Gold Holds Above $1,900 Ahead of US Jobs Report

Oil Prices Show Resilience Despite Setbacks, Gold Holds Above $1,900 Ahead of US Jobs Report

FOREX
Craig Erlam
Upcoming Economic Indicators: India, Australia, New Zealand, Japan, Singapore

Upcoming Economic Indicators: India, Australia, New Zealand, Japan, Singapore

FOREX
Craig Erlam
China's Economic Watch: Inflation, Trade, and Geopolitical Developments

China's Economic Watch: Inflation, Trade, and Geopolitical Developments

FOREX
Craig Erlam
Emerging Market Focus: Inflation and Economic Indicators Shape Monetary Policy Outlook

Emerging Market Focus: Inflation and Economic Indicators Shape Monetary Policy Outlook

FOREX
Craig Erlam
Eurozone and UK Economic Outlook: Focus on Data Releases and Policy Comments

Eurozone and UK Economic Outlook: Focus on Data Releases and Policy Comments

FOREX
Craig Erlam
US Inflation in Focus: Expectations and Fed Speak Take Center Stage

US Inflation in Focus: Expectations and Fed Speak Take Center Stage

FOREX
Craig Erlam
Risk of Deflationary Spiral in China Impacts Confidence in Equities, while USD Holds Steady Against Yuan

Risk of Deflationary Spiral in China Impacts Confidence in Equities, while USD Holds Steady Against Yuan

FOREX
Craig Erlam
Oil Retreats Despite Positive Momentum, Gold's Rebound in Jeopardy

Oil Retreats Despite Positive Momentum, Gold's Rebound in Jeopardy

FOREX
Craig Erlam
ADP Report Raises Expectations for Federal Reserve Ahead of Jobs Report

ADP Report Raises Expectations for Federal Reserve Ahead of Jobs Report

FOREX
Craig Erlam
Gold encounters resistance ahead of Fed minutes: Traders on defensive amid anticipation of volatility

Gold encounters resistance ahead of Fed minutes: Traders on defensive amid anticipation of volatility

FOREX
Craig Erlam
Stuck in a two-month range: Can oil break out after Saudi and Russian cuts?

Stuck in a two-month range: Can oil break out after Saudi and Russian cuts?

FOREX
Craig Erlam
Oil's Momentum Falters Despite Output Curbs, Raises Doubts for Breakout

Oil's Momentum Falters Despite Output Curbs, Raises Doubts for Breakout

FOREX
Craig Erlam
Central Banks Tread Cautiously as RBA Pauses, Markets Anticipate Tightening, Musk and Zuckerberg Head for Showdown

Central Banks Tread Cautiously as RBA Pauses, Markets Anticipate Tightening, Musk and Zuckerberg Head for Showdown

FOREX
Craig Erlam
Oil Range-Bound, Gold Struggles Amid US Interest Rate Concerns

Oil Range-Bound, Gold Struggles Amid US Interest Rate Concerns

FOREX
Craig Erlam
Oil Prices Stabilize within Range as Consolidation Continues"

Oil Prices Stabilize within Range as Consolidation Continues

FOREX
Craig Erlam
Bitcoin's Momentum and Potential for Surge Amidst Recent Developments. Market Watch: Fed, ECB, BoE, and BoJ Heads Awaited for Panel Discussion

Bitcoin's Momentum and Potential for Surge Amidst Recent Developments. Market Watch: Fed, ECB, BoE, and BoJ Heads Awaited for Panel Discussion

FOREX
Craig Erlam
Central Bankers and Key Data Awaited: Implications for Equity Markets and Economic Confidence

Central Bankers and Key Data Awaited: Implications for Equity Markets and Economic Confidence

FOREX
Craig Erlam
The Bank of England Hikes Rates Amid Concerns of Inflation, MPC Split, and Pound's Volatility

The Bank of England Hikes Rates Amid Concerns of Inflation, MPC Split, and Pound's Volatility

FOREX
Craig Erlam
European Stocks Set to Open Lower Following Powell's Testimony as Inflation Concerns Persist

European Stocks Set to Open Lower Following Powell's Testimony as Inflation Concerns Persist

ECONOMY
Craig Erlam
NB Signals Continued Tightening Amidst Inflation Concerns

NB Signals Continued Tightening Amidst Inflation Concerns

FOREX
Craig Erlam
Gold Prices Threatened by UK Inflation Spike: Will Bearish Momentum Prevail?

Gold Prices Threatened by UK Inflation Spike: Will Bearish Momentum Prevail?

COMMODITIES
Craig Erlam
Oil Prices Experience Volatility Amid Economic Concerns and Supply Dynamics

Oil Prices Experience Volatility Amid Economic Concerns and Supply Dynamics

COMMODITIES
Craig Erlam
Bank of England Scratches Its Head as Stubborn Inflation Challenges Price Stability Ambitions

Bank of England Scratches Its Head as Stubborn Inflation Challenges Price Stability Ambitions

FOREX
Craig Erlam
Hong Kong 33 Index: Key Support and Momentum Indicators Signal Potential Reversal

Hong Kong 33 Index: Key Support and Momentum Indicators Signal Potential Reversal

FOREX
Craig Erlam
Hang Seng Index Retreats After PBoC Rate Cuts; Short-term Uptrend Maintains Above 200-day Moving Average

Hang Seng Index Retreats After PBoC Rate Cuts; Short-term Uptrend Maintains Above 200-day Moving Average

ECONOMY
Craig Erlam
Stock Markets in the Red as Central Banks Remain in Focus; UK Inflation Data and Bitcoin's Trend Awaited

Stock Markets in the Red as Central Banks Remain in Focus; UK Inflation Data and Bitcoin's Trend Awaited

ECONOMY
Craig Erlam
Oil Choppy But Flat in Lower Range as Gold Drifts: Market Analysis

Oil Choppy But Flat in Lower Range as Gold Drifts: Market Analysis

COMMODITIES
Craig Erlam
Oil Prices Flat and Range-Bound, Market Braces for Economic Uncertainty. Gold Drifts as Data Awaited, Fed's Stance Holds Firm

Oil Prices Flat and Range-Bound, Market Braces for Economic Uncertainty. Gold Drifts as Data Awaited, Fed's Stance Holds Firm

COMMODITIES
Craig Erlam
UK Inflation Data: BoE's Hopes and Market Expectations. Bitcoin's Recent Trend: Recovery, Vulnerability, and Lower Highs

UK Inflation Data: BoE's Hopes and Market Expectations. Bitcoin's Recent Trend: Recovery, Vulnerability, and Lower Highs

FOREX
Craig Erlam
Mixed Signals: US Inflation, BoE's Challenge, and Bitcoin's Vulnerability

Mixed Signals: US Inflation, BoE's Challenge, and Bitcoin's Vulnerability

CRYPTOCURRENCIES
Craig Erlam
Economic Outlook Puts Pressure on Oil Prices

Economic Outlook Puts Pressure on Oil Prices

FOREX
Craig Erlam
Are crude oil prices rebounding on the back of a possible debt ceiling deal?| FXMAG.COM

Are crude oil prices rebounding on the back of a possible debt ceiling deal?

COMMODITIES
Craig Erlam
US GDP: The GDP number covers an odd quarter which was deceivingly strong over the first couple of months due to weather distortions| FXMAG.COM

US GDP: The GDP number covers an odd quarter which was deceivingly strong over the first couple of months due to weather distortions

ECONOMY
Craig Erlam
Crude oil to close the the post-OPEC+ gap? Gold "remains choppy"| FXMAG.COM

Crude oil to close the the post-OPEC+ gap? Gold "remains choppy"

COMMODITIES
Craig Erlam
Federal Reserve is at risk of... overtightening? Bitcoin seeing some support around $29K| FXMAG.COM

Federal Reserve is at risk of... overtightening? Bitcoin seeing some support around $29K

FOREX
Craig Erlam