Monday, 2 November 2026
Independent coverage of global markets, trade and finance
The Pound Sterling (GBP) dives over 0.48% against the US Dollar (USD) on Wednesday as US Treasury yields hit a 24-year high, boosting the Greenback’s appeal, while traders await the release of the Federal Reserve’s (Fed…
Commerzbank’s Asia FX team highlights a constructive near-term outlook for the Vietnamese Dong (VND), supported by strong Foreign Direct Investment (FDI) inflows and robust growth. USD/VND stayed around 25,994, below it…
The pound is being squeezed from both ends, and the result is a slide to a seven-month low. GBP/USD changed hands near 1.3180 on Thursday, clinging just below the 1.3200 mark after a recovery attempt, pressed lower by a…
Scotiabank strategists Shaun Osborne and Eric Theoret note USD/CAD around 1.4227 with the Canadian Dollar (CAD) flat versus the US Dollar (USD) but outperforming most G10 peers. CAD retains much of Tuesday’s 0.4% gain, …
The New York Fed's September Survey of Consumer Expectations showed that American households expect short-term inflation to rise, while in the long term, they expect prices to cool but remain above the Federal Reserve’s…
Governments belonging to the International Energy Agency (IEA) support accelerating the release of Oil stocks announced under the collective action agreed in March, according to a statement from the organization cited b…
Rabobank’s Senior FX Strategist Jane Foley reviews the sharp USD/JPY declines in July and September, initially driven by joint Ministry of Finance (MoF)–US Treasury intervention and later without official action. The re…
The United States (US) Federal Reserve (Fed) will release the Minutes of September’s Federal Open Market Committee (FOMC) meeting on Wednesday. Investors are eager for some details that shed light on the extent and the …
The yield on the US 10-year Treasury note touched 5.35% on Wednesday, its highest since April 2002, and the 30-year bond hit a 24-year high. Brent is back above $100 a barrel after Iran stepped up attacks on tankers in …
The British pound (GBP) has fallen in value this year amid rising inflation, the prospect of the economy entering recession by the end of the year, political uncertainty, and persistent strength in the value of the US d…
OCBC Bank strategists Sim Moh Siong and Christopher Wong argue that the US Dollar's (USD) structural support from the US technology and AI sectors remains intact, but they are more cautious on further near-term USD gain…
Societe Generale notes EUR/HUF rebounded from its 50-day moving average after a downside surprise in Hungarian CPI. Inflation remains below the MNB target, with the stronger Forint helping to curb price pressures and ke…
A hawkish dot plot in September suggests today's FOMC minutes shouldn’t surprise on the dovish side. At the same time, softish post-meeting data probably raise the bar for a positive dollar reaction today. Eyes should r…
West Texas Intermediate (WTI) oil price declines after paring its daily gains, trading around $89.00 per barrel during European hours on Wednesday. Crude oil prices fall as traders weigh increased Gulf exports against p…
Societe Generale notes USD/SEK broke out of a large base in September, extending its rebound and recently posting an interim high near 10.10 before a brief pullback. The bank highlights the 9.83/9.79 area as an importan…
Gold (XAU/USD) extends its decline on Wednesday, falling nearly 1.60% as the US Dollar (USD) and US Treasury yields resume their advance following a modest pullback the previous day. At the time of writing, XAU/USD trad…
Gold (XAU/USD) meets with a fresh supply during the Asian session on Wednesday, stalling the previous day's modest bounce from the $4,100 neighborhood, or a two-month low.
Commerzbank’s Tatha Ghose highlights that Poland’s National Bank (NBP) is expected to keep its base rate at 3.75% in October, with guidance from Thursday’s press conference key. Several MPC members now see scope for rat…
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts some follow-through buying for the second consecutive day on Wednesday, building on the previous day's rebound from an over one-month low. The …
The Indian Rupee ((INR) remains broadly muted at around 96.37 against the US Dollar (USD) after the Reserve Bank of India’s (RBI) monetary policy decision. In the policy meeting, the RBI decide to hike its Repo Rate by …
210.00 has capped GBP/JPY three times since September 24, give or take a few pips, the latest on Tuesday. The cross trades just under it, in the upper part of a band that has contained it since early September.
MELBOURNE, Fla. – The Federal Aviation Administration has proposed a rule that would allow the agency to waive requirements tied to 13 federal laws for certain commercial space licenses and permits.
Gold price (XAU/USD) rises to near $4,165 during the early Asian session on Wednesday. The precious metal rebounds as long-dated Treasury yields eased from Monday’s multi-decade highs and oil prices fell.
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) announced on Wednesday that it raised the benchmark Repo Rate by 25 basis points (bps) to 5.50% from 5.25% following the conclusion of the October moneta…