Friday, 18 September 2026
Independent coverage of global markets, trade and finance
The Euro (EUR) is falling against the British Pound (GBP). EUR/GBP held the mid-0.8500s on Friday, hovering just below the 0.8570 area, even after a strong round of August flash Purchasing Managers Indexes (PMIs) on bot…
Nomura’s European Economics team highlights that UK composite output PMI rose to 52.5 in August, with services offsetting weaker manufacturing. GfK consumer confidence improved to its highest level in two years, support…
USD/JPY trades around 158.85 on Friday at the time of writing, edging lower after rebounding from the 158.00 level on Thursday. The pair remains under pressure as the Japanese Yen (JPY) benefits from fresh inflation dat…
MUFG’s Derek Halpenny sees a tension between aggressive Reserve Bank of New Zealand (RBNZ) tightening expectations and increasingly stretched short positioning in the New Zealand Dollar (NZD). While softer labour-market…
DBS Group Research economist Chang Wei Liang notes that the Dollar has firmed slightly as US Treasury yields recover, with DXY consolidating near 99.00 after the US Treasury expanded long-end bond buybacks. He argues bu…
Preliminary HCOB Manufacturing Purchasing Managers’ Index (PMI) in the Eurozone expands surprisingly at a faster pace to 52.8 in August from 51.9 in July. Manufacturing activity was anticipated to expand at a moderate p…
Hyundai Motor's South Korean union staged its first full strike in a decade on Friday, following stalled wage negotiations. The action, organized by the Korea Metal Workers Union, includes workers at Hyundai, affiliate …
Gold (XAU/USD) is heading for a third consecutive weekly gain on Friday, extending an impressive rally that has lifted the precious metal by around 13% so far this month. At the time of writing, XAU/USD trades around $4…
Chris Turner at ING explains that USD/CHF’s sharp drop after the US Treasury buy-back announcement was mainly position adjustment after a hawkish Fed narrative had favoured longs. If Treasury support is risk-positive, l…
This week's US Treasury intervention in the bond market has caused much furore amongst the buy and sell-side financial community alike. We see the move more as a signalling tool that the US Treasury has a problem with h…
Dow Jones futures gain 0.13% to trade above 52,900 during European hours on Friday. Meanwhile, S&P 500 futures remain up by 0.18%, to trade near 7,680, and Nasdaq 100 futures advance by 0.38% to trade above 29,400.
US Treasury Secretary Scott Bessent said that the US President Donald Trump administration’s plan to crush Iran’s economy will likely negate the need for major US military operations against the Islamic Republic, CNBC r…
Gold (XAU/USD) builds on its breakout momentum above a technically significant 200-day Simple Moving Average (SMA) and climbs further beyond $4,550, hitting a fresh high since early June during the early part of the Eur…
Brent crude futures were flat at $88 a barrel or 0.35%, while US West Texas Intermediate crude futures stood at $83.50, up 0.40% a barrel. Both benchmarks had jumped more than 5% on Monday, hitting their highest levels …
USD/JPY trades near 159.00 late in the session, 0.5% higher on the day and a little over a point clear of a rising 200-day Exponential Moving Average (EMA) near 158.00. The pair has spent three weeks rebuilding what a c…
Gold price (XAU/USD) edges higher to around $4,530 during the early Asian session on Friday. The precious metal rebounds after earlier falling following the US President Donald Trump administration’s unexpected decision…
The preliminary reading of Australia's S&P Global Manufacturing Purchasing Managers Index (PMI) came in at 52.0 in August versus 52.0 prior, the latest data published by S&P Global showed on Friday.
The Australian Dollar retreated against the Greenback on Thursday as US bond yields resumed their advance, despite the US Treasury's efforts to cap elevated yields following its announcement of a long-end bond buyback p…
GBP/USD trades just beneath 1.3650 late in the session, 0.2% higher on the day and at its highest level in more than four months. The pair sits close to 200 pips above a rising 50-day Exponential Moving Average (EMA) ne…
Japan’s National Consumer Price Index (CPI) climbed by 2.0% YoY in July, compared to the previous reading of 1.7%, according to the latest data released by the Japan Statistics Bureau on Friday.
The GBP/JPY advanced over 0.72%, refreshing a 14-day high of 216.90, with buyers eyeing a breakout above 217.00, which could open the door to a retest of the yearly highs hit in mid-July. The pair trades at 216.73 after…
NEW YORK, Aug 20 (Reuters) - The U.S. dollar fell to a three-month low against the euro on Thursday before paring losses after the Treasury Department moved to calm a bond market selloff that had pushed long-end yields …
Federal Reserve Bank of St. Louis President Alberto Musalem is crossing the wires with remarks on the economy and the monetary policy outlook, speaking in an interview with CNBC on Thursday.
AUD/USD is trading in the 0.7100 neighborhood at the time of writing on Thursday, holding close to multi-week highs after a steady climb off its earlier lows. The pair is marginally weaker on the day as the US Dollar (U…