Monday, 2 November 2026
Independent coverage of global markets, trade and finance
The Euro (EUR) has resumed its broader bearish trend against the British Pound (GBP) on Monday after a mild recovery attempt at the end of last week. EUR/GBP bears are testing the 16-month low of 0.8447 hit on Wednesday…
TD Securities economists Robert Both and Emma Lawrence expect the Bank of Canada (BoC) to keep the Overnight Rate at 2.25% through 2026, before lifting it back to a neutral 2.75% in 2027. They argue that, despite market…
ING’s Chris Turner notes that the Dollar stays well supported as markets focus on solid US growth, above-target inflation and expectations for further Federal Reserve tightening. A potentially strong US September CPI is…
USD/CAD trims part of its earlier decline on Monday as the US Dollar (USD) regains ground after opening the week lower. The Canadian Dollar (CAD) struggles to attract buyers as differing monetary policy expectations for…
USD/IDR gains ground after registering losses in the previous day, trading around 17,940 during European hours on Monday. The pair appreciates as the Indonesian Rupiah (IDR) struggles under the weight of Indonesia's gro…
The US Dollar (USD) trades subduedly at the start of the United States (US) Consumer Price Index (CPI) week. In the European trade, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currenc…
ING analysts Warren Patterson and Ewa Manthey note that Oil prices are weaker despite heightened Middle East tensions, as strong Persian Gulf flows and a US-Russia diesel deal weigh on the market. They highlight that ad…
The Euro (EUR) depreciates further against the British Pound (GBP) on Monday after dropping about 1.7% over the previous two weeks, as ongoing concerns about France's fiscal health keep investors on their toes. The EUR/…
The dollar has pushed toward fresh highs because several pieces of the board have started moving in its favour at the same time: oil is higher, US equities have held up better than most, front-end rate differentials hav…
MUFG’s Lee Hardman highlights that the Euro (EUR) remains near recent lows around 1.1200 against the Dollar, pressured by fiscal and political concerns in the Euro area, especially France. IMM data show leveraged funds …
India unveiled a new measures to boost the Indian Rupee (INR), redirecting oil companies' US Dollar purchases away from the spot market and tightening hedging rules, Reuters reported on Saturday. The move comes as the …
Commerzbank’s Dr. Henry Hao and Charlie Lay note that the Reserve Bank of India (RBI) has unveiled a broad package of tools to stabilise the Indian Rupee (INR), including a special Dollar facility for oil importers, tig…
The Saudi-led military coalition said that it has intercepted and destroyed a ballistic missile fired by Yemen's Houthis towards southern Saudi Arabia, the Time of Israel reported on Sunday.
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, attracts fresh sellers at the start of a new week, sliding back closer to the 102.00 mark during the Asian session. The index, howeve…
USD/JPY depreciates after registering modest gains in the previous trading day, hovering around 158.10 during Asian hours on Monday. The pair may see limited movement due to thin trading conditions as Japanese markets a…
Gold (XAU/USD) extends its intraday retracement slide from a one-week high, hitting a fresh daily low around $4,170 during the early European session on Monday. The US Dollar (USD) attracts fresh buyers after a modest d…
The USD/CAD pair struggles to capitalize on a modest gap-up open at the start of a new week, retreating back to mid-1.4200s during the Asian session. However, a combination of diverging forces warrants some caution befo…
The Indian Rupee (INR) trades significantly higher against the US Dollar (USD) on Monday. The USD/INR pair falls 1% to near 95.80 as the Reserve Bank of India’s (RBI) fresh measures to curb US Dollar demand have brought…
Gold price (XAU/USD) gains ground to near $4,215 during the early Asian session on Monday. The precious metal extends the rally amid rising demand for bullion-backed exchange-traded funds and a weaker US Dollar (USD).
The GBP/USD pair attracts some buyers for the third straight day, trading around mid-1.3200s during the Asians session on Monday, though it remains confined in a familiar range held over the past three weeks or so.
VANCOUVER, BC, Oct. 3, 2026 /CNW/ -- Stock Preachers News Commentary - Big technology names pulled the Nasdaq Composite to a weekly gain while the Dow Jones Industrial Average and Russell 2000 closed the week in the red…
As of September 2026, major bank gold price forecasts for year-end 2026 have converged lower. J.P. Morgan is at $4,500. Wells Fargo is at $4,900-$5,100. Goldman Sachs is at $4,900, and UBS is at $5,500. Bank of America’…
The Aussie Dollar ended Friday’s session on a positive note, gaining 0.38% and 0.58% weekly as the US Dollar trimmed some of its weekly gains, while US data confirmed investors' expectations that the Federal Reserve wou…
Commerzbank’s FX team highlights that the People’s Bank of China rejected claims the yuan is undervalued, linking export strength to industrial competitiveness rather than currency manipulation. The central bank will st…