Sunday, 1 November 2026
Independent coverage of global markets, trade and finance
Gold prices stage a rebound off a daily low of $3,989, rising over 1% on Tuesday even as the US Dollar and US Treasury yields rose. Falling Oil prices provide a leg up for the yellow metal, while investors brace for the…
New orders for manufactured Durable Goods in the United States (US) rose by $6.3 billion, or 1.8%, to $345.4 billion in September, the US Census Bureau reported on Tuesday. This reading followed a 0.1% decline recorded …
Federal Reserve decisions can sometimes feel like the only events that determine whether the stock market rises or falls. Yet the marketâs response has rarely been that simple. Historically, stocks havenât moved in …
National Bank of Canada (NBC) economists Taylor Schleich and Ethan Currie argue that economic slack and contained core inflation have allowed the Bank of Canada to be patient, but sustained high Oil prices and a firmer …
EUR/USD remains on the back foot on Tuesday as the Euro (EUR) underperforms across the board amid concerns over France’s public finances, while a firmer US Dollar (USD) adds pressure. At the time of writing, the pair tr…
BNY Markets’ John Velis previews the October FOMC, expecting no rate hike this week but a possible move in December. He notes market-implied probabilities show the Fed funds rate peaking just above 4.5% with around thre…
Gold (XAU/USD) reverses earlier losses during American trading hours on Tuesday as a pullback in Oil prices attracts buyers. However, the metal’s gains remain in check as the US Dollar (USD) regains ground following rec…
Commerzbank’s Michael Pfister highlights that the British Pound’s (GBP) key event is the new United Kingdom (UK) budget under Prime Minister Andy Burnham, with markets relieved by the calmer approach to fiscal messaging…
USD/IDR halts its four-day winning streak, trading around 18,170 during Asian hours on Tuesday. The pair pulled back after reaching a nearly five-month high of 18,216 on Monday. However, the Indonesian Rupiah (IDR) cont…
Gold (XAU/USD) remains depressed heading into Tuesday’s European session, with bearish traders looking to extend the slide further below the $4,000 psychological mark amid a broadly firmer US Dollar (USD). The precious …
The British Pound (GBP) underperforms its major currency peers, except the Japanese Yen (JPY), on Tuesday. Against the Japanese currency, the Pound Sterling is up 0.18% to near 210.30.
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight that EUR/USD failed to hold its recent range, slipping to 1.1172 and reinforcing a short-term downside bias. Intraday, the pair is seen drifting towa…
Japanese Finance Minister (FM) Satsuki Katayama said on Tuesday that the government is prepared to take decisive steps in the foreign exchange market. Katayama added that officials will closely monitor market moves with…
The Indian Rupee (INR) weakens again versus the US Dollar (USD) as demand for US Dollars remains significant due to elevated oil prices. On Tuesday, the USD/INR pair holds onto three-day gains near 95.20
USD/CAD gains ground for the second successive day, trading around 1.4020 during Asian hours on Tuesday. The pair rises as the US Dollar (USD) continues to gain ground, driven by market caution ahead of interest rate de…
Iran, Saudi Arabia, Pakistan, and Turkey agreed on Monday to continue security discussions and enhance regional cooperation following high-level talks held in Tehran, according to Islamic Republic of Iran Broadcasting (…
GBP/JPY rises over 0.20% on Monday as market sentiment is positive amid a potential de-escalation of the Middle East conflict and US equity markets trading in the green, with Anthropic, an AI company, filing for an IPO.…
The GBP/USD pair remains depressed below mid-1.3300s during the Asian session on Tuesday, though it holds above the previous day’s swing low. The downside, however, seems cushioned as traders seem hesitant to place aggr…
The Mexican Peso (MXN) registers gains against the US Dollar (USD) on Monday, as USD/MXN edges down 0.57% amid improving risk appetite and US tech stocks rising on Anthropic's IPO filing, while the Greenback posts solid…
OCBC’s Christopher Wong notes USD/SGD drifted lower with the broader USD and US Treasury yields before paring losses, with external drivers back in focus after MAS’s October decision. The bank keeps a constructive mediu…
Gold price (XAU/USD) rebounds to around $4,010, snapping the two-day losing streak during the early Asian session on Tuesday. The precious metal edges higher as easing oil prices temper inflation concerns ahead of this …
OCBC’s Christopher Wong describes Malaysian Ringgit trading sideways but relatively resilient despite regional FX volatility, supported by strong September exports, a wider trade surplus and benign inflation. The bank r…
Silver (XAG/USD) price drifts lower by 0.42% on Monday after retesting last Friday’s low near $53.00, which buyers defended, sending XAG/USD back above $54.00 but below its opening price.
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