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…
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.
Standard Chartered’s Nicholas Chia now expects the Reserve Bank of Australia (RBA) to raise the cash rate to 4.60% at its 29 September meeting, revising a previous call for a hold. Chia cites recent RBA messaging focuse…
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…
USD/JPY gains ground for the third consecutive day, trading around 157.70 during the European hours on Tuesday. The currency pair is consolidating after the recent pullback while remaining capped by the medium-term tren…
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…
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
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 …
The British Pound (GBP) is giving back earlier gains against the US Dollar (USD) on Tuesday as data from the UK revealed that public sector borrowing increased beyond expectations in August, rekindling market concerns a…
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…
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…
The AUD/USD pair gains ground to near 0.7120 during the early European trading hours on Tuesday. The Australian Dollar (AUD) strengthens against the US Dollar (USD) following Reserve Bank of Australia (RBA) Governor Mic…
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…
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…
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…
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…
The US Dollar (USD) holds onto previous day’s gains on Tuesday, with the US Dollar Index (DXY) trading firmly around 100.40.
The GBP/USD pair consolidates above mid-1.3300s during the Asian session on Tuesday and remains within striking distance of its lowest level since July 30, touched last week. Moreover, the fundamental backdrop seems til…
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…
UOB’s Jester Koh assesses Singapore’s soft labour market and its implications for Monetary Authority of Singapore policy. The Labour Market Pressure Index shows rising slack, which UOB links to weaker passthrough of sup…
GBP/USD has stalled at 1.3400 in each of the last three sessions, and it trades just under that level again on Monday. The Dollar is up against most major currencies, so this is more a Dollar move than a Pound one. Trad…
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…
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 …
USD/CHF extends its pullback on Monday after climbing to 0.8263 last week, its highest level since May 2025. The Swiss Franc (CHF) regains some ground even as the US Dollar (USD) holds firm near recent highs, with trade…
