Monday, 2 November 2026
Independent coverage of global markets, trade and finance
The Euro (EUR) shows moderate gains on Tuesday, rather due to the US Dollar’s (USD) weakness than intrinsic Euro strength. The EUR/USD pair trades at 1.1194 after bouncing from 17-month lows near 1.1150 on Monday, but t…
Silver (XAG/USD) attracts some dip-buyers in the vicinity of mid-$59.00s on Tuesday and sticks to its modest intraday gains through the early European session. The white metal, however, lacks bullish conviction and curr…
Commerzbank’s India section notes September CPI at 5.5% year-on-year, above August and near breaching the RBI’s target band, with risks skewed to the upside from Oil, INR weakness and El Niño.
The comments from Bank of England (BoE) Monetary Policy Committee (MPC) member Megan Greene released during the Asian trade on Tuesday signals that she is worried about second-round inflation effects coming into play if…
OCBC strategists Sim Moh Siong and Christopher Wong describe USD/JPY as a patience trade, with the pair supported by higher US yields and elevated energy prices but capped by extreme Japanese Yen undervaluation and risi…
(DEFENCE SECURITY ASIA) — The reported recovery by Iran of more than 15 unexploded American precision-guided munitions, including at least one fully intact GBU-57 Massive Ordnance Penetrator, may prove to be one of the …
AUD/USD remains steady after experiencing volatility, hovering around 0.6960 during Asian hours on Tuesday. The pair moves little after the Reserve Bank of Australia (RBA) published the Minutes of its September monetary…
The International Monetary Fund (IMF) raised its 2026 global growth forecast to 3.1% from 3.0% in July, with strong AI investment offsetting the energy shock from the Middle East war. However, 2027 growth remained uncha…
Gold (XAU/USD) retains a mildly positive bias through the first half of the European session, though it remains capped below the $4,200 mark and the top boundary of a two-week-old trading range. The US Dollar (USD) retr…
The USD/JPY pair loses ground to near 158.25 during the Asian trading hours on Tuesday. The Japanese Yen (JPY) strengthens against the US Dollar (USD) despite softer Japanese Producer Price Index (PPI) inflation data. T…
The EUR/USD pair gains ground to near 1.1165 during the early Asian trading hours on Tuesday. Nonetheless, the potential upside for the major pair might be limited amid growing fiscal and political instability in France…
GBP/USD inches higher after posting modest losses in the previous day, trading around 1.3220 during Asian hours on Tuesday. The pair appreciated as the British Pound (GBP) gained ground following the release of British …
Gold (XAU/USD) price drifts lower by about 1.49% on Monday as the Greenback gains ground amid escalating hostilities in the Middle East, pushing energy prices higher and increasing the likelihood of higher interest rate…
Buyers are stepping in and keeping the US Dollar (USD) bid due to safe-haven demand, as the resumption of hostilities in the Middle East and strikes between Russia and Ukraine have pushed energy prices higher.
West Texas Intermediate (WTI) Oil reverses course on Monday and climbs to a two-week high as doubts over a Russia-Ukraine energy ceasefire and supply concerns in the Middle East keep a geopolitical premium in energy mar…
Cleveland Fed President Beth Hammack said that further tightening is needed but reiterated earlier remarks that she is open “to adjusting the pace of rate increases.”
Cleveland Federal Reserve (Fed) President Beth Hammack said Monday that interest rates need to be higher, that inflation remains “too high”, and that more economic tightness is needed.
Societe Generale strategists note that the recent USD/KRW bounce stalled around 1390 and the pair is now testing the lower end of its consolidation, suggesting the broader downtrend may resume.
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note USD/CNH unexpectedly fell to 6.6919 on Friday, with downside momentum starting to build. Intraday, they see potential for a brief dip below 6.6900, provid…
Cleveland Federal Reserve (Fed) President Beth Hammack said on Monday that the neutral rate for the Fed funds “is likely higher,” that she is hearing signs of a problem with inflation expectations and that the question …
MUFG’s Lee Hardman notes the Chinese Renminbi has outperformed the Euro against the Dollar, with USD/CNY hitting a year-to-date low near 6.6900. PBoC’s lower daily fixes have supported trade‑weighted CNY gains. Growing …
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note USD/SGD was little changed around 1.2800 on Friday and expect consolidation to persist. Intraday, they see the pair confined between 1.2790 and 1.2820, wi…
USD/JPY extends its advance on Monday, gaining 0.28% on the day to trade around 158.70 at the time of writing.
Rabobank strategist Molly Schwartz and Christian Lawrence discuss Mexico’s rates outlook after Banxico held the overnight rate at 6.50%. They note upside risks to inflation, market pricing for more than 100bp of hikes o…