Iran's Foreign Minister Abbas Araghchi said that indirect negotiations with the United States (US) are continuing through intermediary countries, including Pakistan and Qatar, Reuters reported on Tuesday.
The EUR/USD pair loses ground to near 1.1225 during the early Asian trading hours on Wednesday. The Euro (EUR) softens against the US Dollar (USD) as French protests and fiscal strains keep traders cautious. European Ce…
The United Kingdom (UK) headline Consumer Price Index (CPI) climbed 3.5% over the year in September, compared to a rise of 3.1% in August, the data released by the Office for National Statistics (ONS) showed on Wednesda…
Reserve Bank of Australia (RBA) Deputy Governor Andrew Hauser said on Wednesday that he’s still finalizing forecasts and is uncertain about board decisions. Hauser added that the inflation outlook appears worse than for…
The AUD/USD pair trades with a positive bias for the fourth straight day, holding steady above the 0.7000 psychological mark during the Asian session on Wednesday and flirting with the monthly high it touched the previo…
Cheaper Crude Oil and a weaker Dollar elsewhere did little for the Yen on Tuesday, and USD/JPY ended about where it has ended most of October. It fell from about 158.50 to the session low and recovered about half of tha…
Commerzbank’s Charlie Lay and Dr. Henry Hao highlight Malaysia’s strong September trade data, with exports and imports far exceeding expectations and the trade surplus widening further. Combined with subdued CPI and cor…
Gold (XAU/USD) drifts lower on Tuesday even as US Treasury yields dive and the US Dollar weakens, with a light US economic docket mostly ignored by investors ahead of Federal Reserve’s (Fed) meeting next week. At the ti…
The US Dollar (USD) has further extended its corrective move on Tuesday, at some point easing to three-week lows, as investors continued to assess hopes of a potential US-Iran agreement, as per still-unconfirmed news.
Megan Greene, a member of the Bank of England's (BoE) Monetary Policy Committee (MPC), said on Tuesday that she is concerned “over [the] BoE estimate of target-consistent pay growth,” and added that more wage disinflati…
Royal Bank of Canada’s (RBC) Claire Fan highlights that the Q3 Canadian Business Outlook Survey underscores a difficult growth-inflation trade-off for the Bank of Canada (BoC) ahead of its next decision. While firm cond…
MUFG’s Michael Wan reports Indonesia has pledged new equity-market reforms to restore investor confidence, including excluding tightly owned stocks from the Jakarta Composite Index and disclosing affiliations of 1%+ sha…
MUFG’s Michael Wan notes China’s Q3 GDP growth firmed to 4.5% year-on-year, slightly above consensus, with September industrial production accelerating and fixed asset investment contractions narrowing. He highlights th…
EUR/USD extends its intraday advance during American trading hours on Tuesday as Oil prices reverse sharply following reports of progress toward renewed US-Iran negotiations, pushing the US Dollar (USD) and US Treasury …
Societe Generale strategists highlight that United Kingdom (UK) unemployment has fallen to a 13‑month low and average earnings have ticked higher, reinforcing expectations for a Bank of England (BoE) rate hike to 4% in …
The Pound Sterling (GBP) surges about 0.70% on solid UK labor market data and news that the US and Iran seem to have reached an agreement, according to Israel’s Channel 12 News. GBP/USD trades near 1.3400 after opening …
West Texas Intermediate (WTI) US Oil falls sharply on Tuesday, trading around $95.70 at the time of writing, down 2.36% on the day. The Crude Oil retreats after reaching a one-month high above $100 earlier in the day.
AUD/USD advances on Tuesday, trading around 0.7010, up 0.43% on the day at the time of writing.
The Canadian Dollar (CAD) has become the focus of debate over the Bank of Canada's (BoC) next policy move. Markets have rushed to price in a rate hike at the upcoming meeting, dragging USD/CAD down to 1.4071, well below…
Reports that Washington and Tehran have both given preliminary approval to a Qatar and Pakistan compromise have pushed the Dollar Index to its lowest since October 1. It fell from near 101.75 to about 101.65 on the firs…
Gold (XAU/USD) reverses earlier losses on Tuesday as positive Middle East headlines trigger a sharp pullback in Oil prices, weighing on the US Dollar (USD) and US Treasury yields. At the time of writing, XAU/USD trades …
Commerzbank’s Norman Liebke notes that the Brazilian Real strengthened after Flavio Bolsonaro’s lead in the first election round, with USD/BRL dropping from 5.2 to 5.0. The bank expects further short-term Real appreciat…
Dow Jones futures gain by 0.38% to trade near 52,380 during European hours on Tuesday. S&P 500 futures surge 0.13% to trade around 7,740, while Nasdaq 100 futures lose by 0.12% to near 29,690.
The Euro (EUR) surrenders its early gains against the US Dollar (USD) and flattens at around 1.1213 during the European trading session on Tuesday. The major currency pair falls back as the US Dollar rebounds strongly d…