The Bank of England (BoE) raised its Bank Rate by 25 basis points to 4.00%, with eight policymakers backing the move and Catherine Mann preferring a larger 50-basis-point increase. The decision came as the BoE sharply l…
Bank of England (BoE) Governor Andrew Bailey said that the central bank is “watching the extent of inflation pass-through,” while acknowledging that inflation risks are tilted to the upside, after the BoE raised interes…
Bank of Canada (BoC) Governor Tiff Macklem appeared in the House of Commons, saying there may be a need to raise rates further.
GBP/USD trades at 1.3240 late Friday morning in New York, up 0.09% on the session after reaching 1.3250 in European dealing. The pair closed last Friday at 1.3240. Five sessions, a Federal Reserve governor’s speech, a r…
Wall Street staged a broad rally on Wednesday after Democrats captured both chambers of Congress from President Donald Trump's Republican Party, a result that removed a layer of political uncertainty just as a steep dro…
AUD/USD continues to consolidate above the 0.7000 level on Thursday, trading around 0.7010 at the time of writing, up a modest 0.04% on the day. The Australian Dollar (AUD) benefits from persistent weakness in the US Do…
Gold (XAU/USD) extends gains on Thursday, moving further away from the year-to-date low of $3,870 touched last week. The metal attracts buyers as the US midterm election results fuel volatility across financial markets.…
Several flights across Europe received bomb threats Tuesday, causing searches and diversions
The blue wave has taken the war premium out of oil, put a bid under gold and tried to knock the dollar completely off its perch. But currencies aren't traded in a political vacuum. Until US front-end rates start losing …
Oil prices are showing their sharpest weekly decline in months, as the landslide Democratic victory in the US midterm elections has boosted hopes of an end to the war against Iran. The US benchmark West Texas Intermedia…
Societe Generale strategists highlight that GBP/USD has rebounded from the lower boundary of its multi‑month range and reclaimed its 200‑DMA, suggesting scope for further recovery. The bank sees resistance near 1.3555/1…
Antje Praefcke at Commerzbank reports that the Riksbank raised its policy rate from 1.75% to 2.00% as expected and remains in restrictive mode, but the statement weakens the case for a December hike. She sees the key de…
The post-midterm dollar correction requires a worsening of USD rate differentials to turn into a downturn. But as oil prices fall, other central banks are facing similar or even larger dovish repricing than the Fed. Dat…
The Japanese Yen (JPY) trades higher against the US Dollar (USD) on Thursday. In the European trade, the USD/JPY pair is down 0.3% to near 157.90. The pair faces selling pressure as the US Dollar underperforms due to fe…
USD/IDR remains subdued for the second successive day, trading around 18,110 during Asian hours Thursday. The Indonesian Rupiah (IDR) holds gains against the US Dollar (USD) following the release of Gross Domestic Produ…
The Bank of England (BoE) announced on Thursday that it raised the policy rate by 25 basis points (bps) to 4% following the November meeting. This decision came in line with the market expectation. Eight members of the …
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $86.40 during the early European trading hours on Thursday. WTI falls after President Donald Trump's Republican Party lost control of Congress…
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight that EUR/USD rallied to 1.1272 before closing at 1.1227 as the US Dollar (USD) weakened on lower US yields. They see the pair in a short-term range b…
USD/CHF extends its losses for the second consecutive day, trading around 0.8140 during Asian hours on Thursday. The pair depreciates as the US Dollar declines following a Democratic sweep in the US midterm elections, w…
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Nov 4 (Reuters) - Online travel firm Expedia Group forecast fourth-quarter revenue largely below Wall Street expectations, as the industry struggles with the Middle East conflict and unrest in Europe, sending its shares…
UOB economist Ho Woei Chen reports that Hong Kong’s Gross Domestic Product (GDP) growth accelerated sharply in 3Q26, driven by strong goods exports and investment. Chen highlights support from the semiconductors and AI …
Scotiabank’s FX strategists note the Pound rising about 0.4% intraday against the US Dollar, with UK PMI revisions having little impact. Market focus shifts to the Bank of England decision, where a 25bp hike is largely …
Commerzbank analysts note Singapore’s October manufacturing PMI eased slightly but stayed in expansion for a 15th month, with electronics supported by AI-related demand. They argue this points to resilient Q4 manufactur…