Thursday, 17 September 2026
Independent coverage of global markets, trade and finance
The Bank of Japan meets on Friday, and the market has a quarter-point hike to 1.25% priced at 100%. The Yen has been falling anyway. USD/JPY is up three sessions in a row, Wednesday's gain was the biggest of the three, …
Trump posted on Wednesday that US rates should be 1% or less and that the country has the strongest credit anywhere. He also wrote that cutting off trade with every nation the US runs a deficit with would earn at least …
New Zealand reports second-quarter growth later on Wednesday, or early on Thursday depending on where you are relative to the international date line, and the forecast is 0.1% for the quarter, down from 0.8% in the firs…
The European Central Bank (ECB) raised its deposit rate to 2.50% on September 10, and the Euro has fallen every session since. The Fed raised its own rate to 3.75-4.00% on Wednesday, by the same quarter point, and the d…
NZD/USD has dropped in six straight sessions. The run started near 0.5900 on September 8, went through both long-run averages near 0.5850 early in the run, and the last three sessions have been the biggest of the lot. T…
Crux AI, the new cloud computing venture tied to Blackstone and Alphabet, is lining up a $22 billion loan from a group of 10 banks to finance purchases of Google’s custom artificial intelligence chips, according to Bloo…
Australia's central bank pays more than the Federal Reserve (Fed) does. The cash rate is 4.35%, the Fed's new range is 3.75-4.00% after Wednesday's quarter-point hike, and most of the big Australian banks expect the RBA…
On November 3, 2025, both the U.S. Department of Justice and Google filed their final post-trial briefs and proposed remedies in the Eastern District of Virginia antitrust case, setting up a critical showdown over how t…
Spot Gold (XAU/USD) is closing Wednesday with losses, trading around $4,250 after hitting an intraday high of $4,366. The bright metal came under strong selling pressure after the United States (US) Federal Open Market …
The Dow Jones Industrial Average trades just above 52,100 and has spent the morning going nowhere, on the day the Federal Reserve is expected to raise its rate for the first time since 2023. That is not indifference. A …
Scotiabank strategists Shaun Osborne and Eric Theoret note the Euro (EUR) is consolidating in a tight range around the mid-1.15s as markets await the Federal Open Market Committee (FOMC). They note Eurozone Industrial P…
Scotiabank strategists Shaun Osborne and Eric Theoret report USD/CAD is steady near 1.39 as markets await the Federal Reserve (Fed) and the Bank of Canada’s (BoC) summary of deliberations. They note the BoC is likely to…
Brown Brothers Harriman’s (BBH) Elias Haddad notes GBP/USD is trading heavy near its 200-day moving average as United Kingdom (UK) gilts stabilize. August Consumer Price Index (CPI) slightly exceeded the Bank of England…
Rabobank’s Senior FX Strategist Jane Foley notes the US Dollar (USD) has outperformed G10 peers on expectations the Fed will deliver around 100 bps of tightening over 12 months, but warns this may be excessive. They see…
Robusta coffee prices rose by $82/ton for November 2026 delivery, reaching $3,554/ton with a trading volume of over 15,600 contracts. This upward trend in robusta prices stems from concerns about short-term supply const…
AUD/USD trades in a narrow range on Wednesday as investors hold back from taking strong positions ahead of the Federal Reserve’s (Fed) monetary policy announcement. At the time of writing, AUD/USD trades around 0.7134, …
Gold (XAU/USD) consolidates gains on Wednesday after advancing during Asian trading hours, supported by a modest pullback in Oil prices and US Treasury yields. The move helps the precious metal recover from its lowest l…
The upcoming week will bring a fresh test for major currency pairs as investors return from the US Independence Day holiday and continue to digest weaker US labor market data. The release of the last Federal Open Market…
ING’s Francesco Pesole highlights that the Federal Reserve announcement could push EUR/USD towards the 1.150 target. He notes that below 1.150 risks become more balanced given technicals, short-term valuation and rate d…
EUR/CAD extends its gains for the second consecutive day, trading around 1.6090 during European hours on Wednesday. Traders are closely watching the European economic calendar, as the seasonally adjusted Eurozone Indust…
Deutsche Bank’s Henry Allen and colleagues note that the S&P 500 has retreated to a six‑week low as higher Oil prices and stagflation fears weigh on risk assets. They highlight that markets now price a 94% probability o…
The GBP/USD pair attracts fresh sellers following an intraday uptick to the 1.3500 neighborhood and drops to the lower end of its daily range during the first half of the European session on Wednesday. Spot prices curre…
The Eurozone industrial sector activity declines 0.1% in July, according to data published by Eurostat. The industrial output was expected to decline but at a faster pace of 0.2%. In June, the data also contracted by 0.…
The Japanese Yen (JPY) turns flat against the US Dollar (USD) at around 155.00 in the European trading session on Wednesday after recovering its early losses. The USD/JPY pair is expected to trade cautiously, with marke…