The Mexican Peso stages a comeback against the US Dollar on Tuesday as the latter weakens amid profit-taking and lower US Treasury yields, with traders awaiting the release of the minutes of the Federal Reserve’s last m…
Australian consumer sentiment fell 4.7% to 80.4 in October, and the Reserve Bank of Australia (RBA) hike on September 29 did most of the damage. AUD/NZD trades just above 1.2400 on its first down day after a three-sessi…
US Vice President (VP) JD Vance said that Iran must reduce nuclear enrichment capacity to satisfy US demands and end the countries’ seven-month war, Reuters reported on Tuesday. Vance added that Washington remained open…
The Australian Dollar extends its rally to three consecutive days, up 0.14% on Tuesday, as the US Dollar behaves erratically ahead of the release of the Federal Reserve’s September meeting minutes on October 7. The AUD/…
Volkmar Baur at Commerzbank highlights China’s new anti-dumping probe into EU nitrotoluenes as likely linked to broader trade frictions. A Franco-German non-paper urges tougher EU action on dumping, subsidies and curren…
San Francisco Fed President Mary Daly said she supported September’s rate hike and that additional rate hikes may be needed, depending on external shocks.
West Texas Intermediate (WTI) rebounds on Tuesday as shipping risks in the Strait of Hormuz keep Oil prices supported despite improving Middle East exports, with US-Iran talks still deadlocked. At the time of writing, W…
AUD/USD gains 0.13% on Tuesday and trades around 0.6980 at the time of writing. The Australian Dollar (AUD) benefits from a modest pullback in the US Dollar (USD), as easing US Treasury yields provide support to the pai…
Scotiabank strategists Shaun Osborne and Eric Theoret report that the Canadian Dollar (CAD) is trading flat against the US Dollar, with markets showing little reaction to Quebec’s provincial election. Political risks re…
EUR/USD trades on the front foot on Tuesday, drawing support from a modest pullback in the US Dollar (USD). However, concerns over France’s fiscal position keep the Euro’s (EUR) gains in check. At the time of writing, t…
The Pound Sterling (GBP) advances about 0.40% on Tuesday as the Greenback retreats from multi-month highs, boosted by hawkish comments from a Bank of England (BoE) Monetary Policy Committee (MPC) member, while a widenin…
Brent fell below $98 a barrel as Gulf exports picked up, and bond yields in Europe and the US fell with it. France got the most relief, as the extra yield investors want for holding its 10-year debt over Germany's narro…
TD Securities notes the US economy and labor market are resilient but not overheating, leading them to push Fed rate hike calls to December 2026 and March 2027. They believe market pricing for Fed hawkishness has peaked…
Gold (XAU/USD) rebounds on Tuesday as a pullback in US Treasury yields weighs on the US Dollar (USD), helping the metal recover after falling to a two-month low of $4,104 during Asian trading hours. At the time of writi…
EUR/GBP fluctuates between gains and losses on Tuesday, pausing a seven-day selloff driven by sharp weakness in the Euro (EUR) amid growing concerns over France’s fiscal position. At the time of writing, the cross trade…
United Overseas Bank strategists Quek Ser Leang and Lee Sue Ann note that USD/JPY lacks clear directional cues in the short term, with intraday price action expected to remain confined between 157.55 and 158.45. Over th…
OCBC strategists Sim Moh Siong and Christopher Wong note Brazilian assets rallied after Flávio Bolsonaro’s stronger-than-expected first-round result boosted expectations for a more market-friendly policy mix. The Brazil…
Societe Generale’s Kenneth Broux flags that a surprise upside in Czech inflation to 2.5% has reinforced the Czech National Bank’s hawkish stance. With policymakers signalling a possible hold or hike, attention turns to …
USD/CHF extends its gains for the second successive day, trading around 0.8320 during European hours on Tuesday. The pair is moving higher as the US Dollar (USD) gains momentum, largely driven by a surge in safe-haven d…
A well-known stock market proverb says: "Buy when the cannons are firing." In other words, in times of war and uncertainty, people should invest.
The comments from European Central Bank (ECB) official and Finnish Central Bank Governor Olli Rehn released during the European trading session on Tuesday signal economic warnings due to higher long-term interest rates.
Alongside a direct – albeit so far relatively contained – build-up of fiscal premium, the euro continues to suffer from an unwinding of ECB rate hike expectations due to French bond turbulence. Risks remain firmly on th…
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The US Dollar (USD) stays resilient against its peers early Tuesday, with the USD Index staying in positive territory after posting modest gains on Monday. Later in the session, Eurostat will publish Eurozone Retail Sal…