The Democratic blue sweep in the US midterm elections weighed on the US Dollar and boosted the Australian Dollar, which has bounced from a 12-day low of 0.6954 and reclaimed 0.7000, gaining over 0.59% at the time of wri…
MUFG highlights that South Korea’s inflation data show easing headline Consumer Price Index (CPI) but sticky core inflation at 2.8% year-on-year, above consensus. Combined with strong growth and a semiconductor export b…
The Mexican Peso rallies against the US Dollar following the Democratic blue sweep in the US midterm elections, with Democrats set to control the US Senate and the House of Representatives starting in January 2027. Desp…
MUFG notes that the People's Bank of China (PBoC) raised the FX reserve requirement ratio to 6% from 4% after USD/CNY moved toward 6.65, effective 15 November. The measure is seen as locking up about USD24 billion in FX…
On Wednesday, Emmanuel Moulin, the Governor of the Banque de France and a Governing Council member of the European Central Bank (ECB), said that “banks can deal with rising rates.”
Commerzbank’s Dr. Vincent Stamer notes that Euro area headline inflation rose to 4.0% in October, its highest level in three years, with the core rate steady at 2.5%. The report highlights broad-based price increases be…
NZD/USD rebounds on Wednesday, trading around 0.5620, up 0.19% on the day at the time of writing. The New Zealand Dollar (NZD) benefits from a broad weakening of the US Dollar (USD) following the US midterm elections, a…
AUD/USD edges higher on Wednesday as the US midterm election outcome weighs on the US Dollar (USD), helping the Australian Dollar (AUD) recover from the two-week lows reached following the Reserve Bank of Australia’s (R…
Rabobank’s RaboResearch team, including Molly Schwartz and Christian Lawrence, expects Banxico to keep its overnight rate at 6.50% on November 5 and through 2027, even as the Federal Reserve is seen hiking. They highlig…
The Pound Sterling (GBP) rallies to a seven-week high against the US Dollar (USD) on Wednesday after the US midterm elections, in which the Democrats are poised to win the US House of Representatives and the US Senate. …
EUR/USD attracts fresh buyers on Wednesday as the US midterm election results rattle the US Dollar (USD), helping the Euro (EUR) reclaim 1.1200. The technical picture also improves, suggesting bulls are regaining a foot…
Over here, stock markets have risen this morning, with banks and clean energy stocks leading the gains. The FTSE 100 index in London is 24 points, or 0.2% ahead.
Nomura’s Global Markets Research team, led by Josie Anderson, George Buckley and Andrzej Szczepaniak, reviews the latest Riksbank decision to raise its policy rate to 2.00%. They highlight accelerating CPIF inflation on…
Bloom Energy Corp (BE) moved up by 8.79%. The Industrial Goods sector is up by 1.62%. The company outperformed the industry. Top 3 stocks by turnover in the sector: Bloom Energy Corp (BE) up 8.87%; Caterpillar Inc (CAT)…
The Euro (EUR) accelerates its recovery against the US Dollar (USD) on Wednesday, favoured by the combination of a sound Democratic win in the US midterm Elections and hot Eurozone inflation data.
Societe Generale notes the Riksbank’s 25bp hike to 2.0% and guidance for further tightening, keeping policy accommodative versus neutral. Updated projections imply more hikes through 2028, narrowing the differential wit…
Commerzbank’s Tatha Ghose expects Poland’s NBP to leave its base rate at 3.75%, despite what he views as underlying inflation risks masked by temporary fuel tax cuts.
The British Pound (GBP) posts a fresh seven-week high at around 1.3500 against the US Dollar (USD) in the European trade on Wednesday. The GBP/USD pair strengthens as the victory of United States (US) Democrats in both …
Gold (XAU/USD) rallies on Wednesday, reclaiming $4,000 as the US midterm results set the stage for a divided government and raise the risk of political gridlock in Washington. At the time of writing, XAU/USD trades arou…
Silver (XAG/USD) is one of the winners of the Republican defeat in the US midterm elections. The Precious metal has appreciated more than 4% on the day so far, reaching weekly highs at $52.00 after hitting a fresh one-y…
Eurozone’s preliminary Harmonized Index of Consumer Prices (HICP) data for October arrives at 4% Year-on-Year (YoY), as expected, higher than September’s final reading of 3.8%. On a monthly basis, inflationary pressures…
The US midterms have handed dollar bears a fresh political argument, but I wouldn’t mistake the prospect of congressional gridlock for the beginning of a structural dollar decline. The Fed still holds the monetary cards…
The Democrats have delivered on opinion polls and have won both the House and the Senate. And by large margins. They have also won governorship races in key states like Texas. Investors will be parsing what this all mea…
Americans voted in midterm elections on Tuesday, which will determine who controls Congress for the final two years of US President Donald Trump’s term.