Brown Brothers Harriman’s (BBH) Elias Haddad expects the Federal Reserve (Fed) to leave the Fed funds rate at 3.75–4.00% this week, with futures pricing only a small chance of a move. Strong US data and rising inflation…
Gold (XAU/USD) clings to modest intraday gains above the $4,000 psychological mark through the early European session, though the lack of follow-through buying warrants some caution before positioning for any meaningful…
The Indian Rupee (INR) extends its losing streak against the US Dollar (USD) for the third trading day on Monday. The USD/INR pair jumps to near 95.20 as the Indian currency faces pressure due to elevated oil prices.
The Japanese Yen finished the week on a higher note as the USD/JPY pair registered losses of over 0.74% in the week, while holding firm daily amid a sour market mood. The pair trades at 156.85 as a ‘hammer candle patter…
The Australian Dollar finished Friday’s session with gains of over 0.22% and the week up by more than 1.20%, with the pair reclaiming the 0.7000 figure and poised to test a confluence of key resistance levels within the…
OCBC strategists Christopher Wong and Sim Moh Siong describe South Korean Won's (KRW) initial strength and subsequent retracement as broader risk aversion resurfaced.
The Mexican Peso (MXN) appreciates about 0.30% on Friday against the US Dollar (USD), but it remains poised to end the week with losses of more than 1% even as risk appetite soured amid a potential escalation of the Mid…
EUR/USD trades on the back foot on Friday as the US Dollar (USD) regains some ground alongside US Treasury yields following Thursday’s decline. France’s fiscal concerns add pressure on the Euro (EUR), while traders look…
Gold (XAU/USD) price prolongs its agony, tumbling by nearly 0.60% on Friday and poised to finish the week with losses as higher energy prices increase the chances that major central banks could tighten monetary policy t…
Commerzbank’s Charlie Lay and Dr. Henry Hao highlight that the Bank of Korea (BoK) kept its policy rate at 3.00% after two prior hikes, but delivered a clearly hawkish message. Strong semiconductor exports underpin high…
OCBC strategists Christopher Wong and Sim Moh Siong note Philippine Peso (PHP) remains under pressure even after a larger-than-expected 50bp Bangko Sentral ng Pilipinas (BSP) hike to 5.50%, reflecting persistent inflati…
Two days of Houthi attacks in Saudi Arabia and strikes on ships leaving the Strait of Hormuz have taken WTI above the $95.00-$101.00 band it held from Monday to Thursday. It has risen from near $98.50 to just under $103…
Silver (XAG/USD) price downtrend extended on Friday, losing over 1% after hitting a new yearly low of $53.03, paving the way for sellers to challenge the $50.00 level in the foreseeable future. At the time of writing, X…
Tatha Ghose at Commerzbank reports that Turkey’s Central Bank of the Republic of Türkiye (CBRT) cut its one-week repo rate by 100bp to 36.0%, alongside similar moves in overnight rates. Despite acknowledging upside infl…
Brown Brothers Harriman (BBH) strategist Elias Haddad reports EUR/USD trading defensively below 1.1200 after weaker-than-expected Eurozone PMI, which still signals robust growth. Above-target inflation and resilience gi…
TD Securities strategists note that FX markets remain meaningfully long the US Dollar (USD) ahead of the October FOMC, with data showing the Fed faces the strongest G10 hiking pressures. They expect the USD to stay firm…
Spot gold is bid at $4,187.70 an ounce at 10:39 a.m. ET, up $17.90, or 0.43%, on the day. The ask is $4,189.70. Friday’s range has run from $4,146.60 to $4,199.50, and the high came within 50 cents of the $4,200 handle …
Business activity in the United States (US) private sector showed continued expansion in October, according to preliminary data released by S&P Global on Friday.
USD/CAD slips below 1.4000 to its lowest level in a month on Friday, extending its losing streak to seven consecutive days as traders expect the Federal Reserve (Fed) and the Bank of Canada (BoC) to take different paths…
Silver (XAG/USD) slides to fresh yearly lows on Friday after plunging 5.8% on Thursday as concerns over AI-related investments weighed on equities, but failed to spark safe-haven demand for Silver as investors favour go…
Chris Turner at ING highlights that the Mexican Peso has been the weakest emerging market currency since early September, hurt by dovish Banxico rhetoric and narrowing policy spreads versus the Federal Reserve. Without …
Thursday should have been a fairly straightforward dollar session under the old playbook. Equities were under pressure, AI nerves were leaking from stocks into credit, oil remained uncomfortably high and French sovereig…
OCBC strategists Christopher Wong and Sim Moh Siong say Indian Rupee's (INR) recent recovery has stalled as renewed gains in Oil prices highlight India’s external vulnerabilities. RBI measures and IPO inflows have helpe…
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