US President Trump to ease sanctions on Iran over nuclear progress
Al Jazeera reported on Monday that US President Donald Trump is prepared to ease sanctions on Iran and to unfreeze its assets in exchange for progress on nuclear talks.
Markets
US 10-year yield revisits 2007 heights as curve flirts with inversion
US Treasury yields climb on Monday as energy prices remain high, amid US President Donald Trump's rejection of a peace agreement with Tehran. Also, investors are pricing in further tightening by the Federal Reserve (Fed…
Japanese Yen trades cautiously as intervention risk clashes with Fed rate hike bets
USD/JPY trades little changed around 157.25 on Monday as the US Dollar (USD) also holds steady near recent highs, with traders weighing Middle East developments and the risk of Japanese intervention.
British Pound defies US yields surge as BoE hike bets build
The Pound Sterling (GBP) registers modest gains of 0.18% on Monday even as US Treasury yields soar, with the US 10-year T-note rising over 10 basis points, underpinning the Greenback. At the time of writing, the GBP/USD…
Forex Today: The RBA and Fedspeak grab all the attention
The US Dollar (USD) has stated the week with slight gains, resuming its recent uptrend and leaving behind Friday’s hiccup. In the meantime, further tightening by the Fed remains at the centre of almost every debate, whi…
Euro struggles as Fed rate-hike bets overshadow ECB tightening expectations
EUR/USD trades on the back foot on Monday, pressured by a stronger US Dollar (USD) as the US-Iran stalemate keeps Oil prices elevated, pushing US Treasury yields higher and strengthening expectations of further Federal …
Crude Oil round-trips between a rejected Iran plan and a sanctions offer
President Donald Trump's rejection of Iran's seven-day plan for the Strait of Hormuz lifted Crude Oil to its best level since Thursday, and the whole rise was gone after a Saudi pipeline restart and a US offer of sancti…
Silver Price Forecast: XAG/USD plunges 5% as momentum indicators turn bearish
Silver (XAG/USD) falls around 5% on Monday, slipping to its lowest level since early August.
USD: Speculative longs steady as Fed hikes – Rabobank
Rabobank’s RaboResearch Global Economics & Markets FX Strategy team notes that USD net long speculative positions were broadly unchanged, with both longs and shorts rising modestly. The Federal Reserve raised its overni…
GBP: Shorts at highs as Pound tracks Oil-led USD rally – Rabobank
Rabobank highlights that GBP net short positions have risen over 40%, reaching their highest level since August. The Bank of England kept the Bank Rate unchanged at 3.75% on September 18, in line with expectations.
Oil: Higher prices drive yields and Dollar – MUFG
Lee Hardman at MUFG highlights that Oil has been one of the biggest movers, with prices rising back towards recent highs around USD110/barrel. The move reflects disappointment over limited progress on a US–Iran deal to …
Gold slides 3% as Fed rate hike bets, rising Treasury yields weigh
Gold (XAU/USD) starts the week under heavy selling pressure, sliding nearly 3% as Oil-driven inflation concerns reinforce expectations that the Federal Reserve (Fed) could raise interest rates further. At the time of wr…
Silver price plunges as elevated US yields, firm Dollar pressure XAG/USD
Silver (XAG/USD) falls sharply on Monday, losing 4.53% on the day to trade around $61.40 at the time of writing. The precious metal faces heavy selling pressure as elevated United States (US) Treasury yields and growing…
EUR/GBP Price Forecast: Euro tests support at 0.8570 as Oil prices rally
The Euro (EUR) is dropping sharply against the British Pound (GBP) on Monday, with EUR/GBP bears testing support at the 0.8570 area, reversing last week's gains in a day following rejection at the 0.8610 resistance area…
US Treasuries: Yields hit multi-year highs – Deutsche Bank
The Deutsche Bank Early Morning Reid details a sharp rise in US Treasury yields, with the 10-year reaching its highest level since 2007 and the 30-year touching levels last seen in 2004. The move is driven by strong dat…
British Pound gains as several BoE members warn of upside inflation risks
The British Pound (GBP) trades higher against its major currency peers, except the Japanese Yen (JPY) on Monday. In the European trade, the British currency is up 0.13% to near 1.3256 against the US Dollar (USD).
US Dollar Bulls Hand the Wheel Back to the Data
Markets currently have around 16 basis points priced for the October meeting after briefly reaching 19 last week. Friday’s payroll report is therefore shaping up as the first serious test of whether the rates market wan…
UK Chancellor Healey: We will maintain control of Britain's finances
United Kingdom (UK) Chancellor of the Exchequer John Healey said during the European trade on Monday that the administration will maintain control of Britain's finances while speaking about the upcoming fiscal budget th…
WTI rises above $93.00 after Trump rejects Iran peace deal
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $93.05 during the early Asian trading hours on Monday. WTI rises following US President Donald Trump’s rejection of an Iranian peace deal. The…
Japanese Yen nudges lower despite a hawkish BoJ, intervention warnings
The Japanese Yen (JPY) is trimming gains from Friday’s rebound against the US Dollar (USD) on Monday. The hawkish minutes by the Bank of Japan (BoJ) and growing signals that the US and Japan might launch a new joint int…
FX Outlook: Data Back in the Driver’s Seat This Week
Despite the solid drop from the mid-September high, oil prices remained in the driver’s seat for another week, setting the tone in financial markets. Six months have passed since the late-February start of the US-Iran c…
Euro: Rate uncertainty and energy costs weigh – HSBC
HSBC sees the Euro facing mounting headwinds from both monetary policy and energy markets. The bank notes vulnerability stemming from uncertainty over the European Central Bank’s willingness to raise rates versus a more…
GBP/USD Price Forecast: Holds ground near 1.3200, near-term bias remains bearish
The British Pound (GBP) is up 0.15% at around 1.3245 against the US Dollar (USD) in the early European session on Monday. The GBP/USD pair gains as the British currency outperforms its peers despite market experts quest…
Indian Rupee starts the week negatively amid higher oil prices
The Indian Rupee (INR) starts the week on a negative note against the US Dollar (USD) due to significant gains in oil prices over the weekend. As of writing, the USD/INR pair is up 0.15% to near 95.95.