Finance
AUD/USD trims part of its earlier losses on Tuesday as traders assess fresh diplomatic signals surrounding the war between the United States (US) and Iran, weighing on the US Dollar (USD). Meanwhile, a hawkish Reserve B…
Finance
Gold (XAU/USD) consolidates on Tuesday as traders weigh fresh Middle East headlines while the broader geopolitical backdrop remains tense. At the time of writing, XAU/USD trades around $4,334 after rebounding from an in…
Finance
Deutsche Bank Research’s UK economists Sanjay Raja and Maui Brennan have shifted their BoE base case from no hikes to two 25bp moves, in November and February. They argue Bank Rate is already restrictive, inflation is l…
Finance
ING’s Francesco Pesole notes the Dollar started the week strongly despite lower Oil prices and firmer global equities, helped by hawkish remarks from Federal Reserve officials Austan Goolsbee and Alberto Musalem that su…
Finance
OCBC strategists Sim Moh Siong and Christopher Wong argue that intervention risks and a more hawkish Bank of Japan (BoJ) are key for the Japanese Yen (JPY). They see faster BoJ policy tightening gradually supporting JPY…
Finance
Amid reports of Japan’s current account surplus hitting record highs and international investors losing confidence in the US dollar, the story would seem straightforward: as the dollar falters, the yen should be soaring…
Finance
Brown Brothers Harriman’s (BBH) Elias Haddad highlights that GBP/USD remains under 1.3400 as United Kingdom (UK) fiscal policy turns more restrictive. Rising borrowing has eroded fiscal headroom, pressuring Chancellor J…
Finance
ING’s Francesco Pesole notes EUR/GBP has held a tight 0.855–0.860 range since early September after a Bank of England (BoE) meeting that did not strongly challenge aggressive market tightening expectations. ING economis…
Finance
John Velis at BNY Markets argues that current US inflation is being driven by non-rate-sensitive components of core PCE, limiting how effective further Federal Reserve tightening can be. He expects one more rate hike in…
Finance
Short-term fair value has slipped below 1.150 for the first time since late July, while the two-year SOFR ESTR spread has widened back toward 150bp, also around levels last seen in July. Interestingly, oil now carries o…
Finance
Financial markets adopt a cautious stance early Tuesday amid mounting geopolitical uncertainty. The European economic calendar will feature preliminary Consumer Confidence Index data for September. Meanwhile, investors …
Finance
Deutsche Bank strategists highlight a strong risk-on session in US equities, with the S&P 500 up over 1% and back in positive territory for September, sitting less than half a percent below its all-time high. Tech leade…
Finance
Transport and logistics companies are grappling with rising costs and supply chain disruption. Meanwhile, a growing trade imbalance with China is creating new challenges across Europe's logistics network
Finance
The USD/CAD pair extends its consolidative price move through the early European session on Tuesday, trading below 1.4050, or the highest since August 6, amid mixed fundamental cues.
Finance
Gold (XAU/USD) attracts some sellers following a modest Asian session uptick on Tuesday and slides below $4,350 in the last hour, though the downside seems limited. The US Federal Reserve's (Fed) hawkish outlook is seen…
Finance
NZD/USD extends its losing streak for the third consecutive day, trading around 0.5700 during the Asian hours on Tuesday. The currency pair is facing downward pressure as the New Zealand Dollar (NZD) weakens following s…
Finance
Reserve Bank of New Zealand (RBNZ) Governor Anna Breman said on Tuesday that if higher oil prices persist, they are expected to result in somewhat higher near-term inflation than assumed in the September statement. Brem…
Finance
The US Dollar (USD) holds onto previous day’s gains on Tuesday, with the US Dollar Index (DXY) trading firmly around 100.40.
Finance
EUR/JPY extends its gains for the third consecutive day, trading around 180.60 during Asian hours on Tuesday. Technical analysis of the daily chart shows the currency cross remaining within a descending channel, suggest…
Finance
Gold price (XAU/USD) declines to near $4,365, snapping the two-day winning streak during the early Asian session on Tuesday. The precious metal loses ground on the prospect of further monetary tightening by the US Feder…
Finance
Japan's markets are shut from Monday to Wednesday for national holidays, which is when a government that wants to move its currency gets the most for its money. USD/JPY is higher for a fifth session in six and is tradin…
Finance
Silver price advance stalled at the 100-day Simple Moving Average (SMA) of $66.39 and is set to end Monday’s session with losses of 0.39% as the Greenback rises following last week’s Fed decision. The XAG/USD trades at …
Finance
The New Zealand Dollar extends its losses for the second straight trading session, down 0.13% after last week’s Fed rate hike and a hawkish tilt within the board, which was reinforced by speeches of Fed officials on Mon…
Finance
On Monday, Boston Federal Reserve (Fed) President Susan Collins said the resumption of hostilities in the Middle East was a key reason for supporting the increase in the Fed funds rate last week.