Sunday, 1 November 2026
Independent coverage of global markets, trade and finance
USD/JPY trades with a positive bias on Monday as the Japanese Yen (JPY) underperforms its major peers, while a firmer US Dollar (USD) adds support to the pair. At the time of writing, USD/JPY trades around 157.42 after …
Brown Brothers Harriman’s (BBH) Elias Haddad notes the European Central Bank (ECB) is expected to hold rates at 2.50%, with markets still pricing a strong chance of a December hike to 2.75%. While contained core inflati…
The US Dollar Index (DXY) edges higher on Monday as traders reposition ahead of a busy week of central bank decisions across major economies that could trigger sharp market swings.
TD Securities’ Ryan McKay and Bart Melek note that Gold’s long-term bull thesis is being challenged as prices oscillate around the key $4,000/oz level.
Societe Generale’s technical team notes EUR/CHF has broken a multi-month ascending trend line and briefly slipped below its 200-day moving average, forming an interim low near 0.9195. They see a rebound developing but s…
Deutsche Bank economists Sanjay Raja and Maui Brennan assess UK Autumn Budget leaks suggesting Chancellor Healey will deploy Public Financial Institutions (PuFins) more aggressively than assumed. FT and Times reporting …
Societe Generale’s research team expects Euro area Gross Domestic Product (GDP) for 3Q26 to grow modestly, highlighting resilience despite high energy prices and adverse summer weather. Country-level forecasts show Spai…
Brown Brothers Harriman’s (BBH) Elias Haddad assesses Brazilian assets following President Lula’s surprise reelection. Haddad expects short-term downside for the Brazilian Real (BRL) as markets unwind the prior Bolsonar…
China growth improves. China’s economy expanded 4.5% y/y in Q3, above the 4.4% forecast and up from 4.3% in Q2. September industrial production accelerated to 5.5%, while retail sales rose 1.1% vs 0.5% expected. The imp…
The dollar is starting a busy week relatively supported. It is a week that includes key events such as Wednesday's FOMC meeting, third-quarter earnings from big tech companies and geopolitical events, including tomorrow…
The Euro (EUR) bounces up against the British Pound (GBP) on Monday, favoured by a somewhat brighter market sentiment, as Oil prices retreat from six-month highs and France’s debt rating spared a downgrade over the week…
Brown Brothers Harriman’s (BBH) Elias Haddad expects the Federal Reserve (Fed) to leave the Fed funds rate at 3.75–4.00% this week, with futures pricing only a small chance of a move. Strong US data and rising inflation…
The FX market spent most of the week doing what it has done remarkably well all year: making the major pairs look deceptively calm while the real action was taking place underneath the hood on the not-so-sleepy crosses.
Gold (XAU/USD) clings to modest intraday gains above the $4,000 psychological mark through the early European session, though the lack of follow-through buying warrants some caution before positioning for any meaningful…
The Indian Rupee (INR) extends its losing streak against the US Dollar (USD) for the third trading day on Monday. The USD/INR pair jumps to near 95.20 as the Indian currency faces pressure due to elevated oil prices.
NZD/USD moves little after posting modest gains in the previous trading day, hovering around 0.5700 during Asian hour on Monday. The pair may regain its ground as the New Zealand Dollar (NZD) could receive support from …
HSBC Asset Management discusses how the AI-led tech sell-off exposed fragility in mega-cap indices like the S&P 500 and Nasdaq. The report argues that equal-weighted benchmarks and left-behind sectors could benefit if A…
Follow below for the latest on the protests and unrest in France and other parts of Europe on Saturday, October 24, 2026:
The Japanese Yen finished the week on a higher note as the USD/JPY pair registered losses of over 0.74% in the week, while holding firm daily amid a sour market mood. The pair trades at 156.85 as a ‘hammer candle patter…
The Australian Dollar finished Friday’s session with gains of over 0.22% and the week up by more than 1.20%, with the pair reclaiming the 0.7000 figure and poised to test a confluence of key resistance levels within the…
OCBC strategists Christopher Wong and Sim Moh Siong note Philippine Peso (PHP) remains under pressure even after a larger-than-expected 50bp Bangko Sentral ng Pilipinas (BSP) hike to 5.50%, reflecting persistent inflati…
The Mexican Peso (MXN) appreciates about 0.30% on Friday against the US Dollar (USD), but it remains poised to end the week with losses of more than 1% even as risk appetite soured amid a potential escalation of the Mid…
OCBC strategists Christopher Wong and Sim Moh Siong describe South Korean Won's (KRW) initial strength and subsequent retracement as broader risk aversion resurfaced.
Commerzbank’s Charlie Lay and Dr. Henry Hao highlight that the Bank of Korea (BoK) kept its policy rate at 3.00% after two prior hikes, but delivered a clearly hawkish message. Strong semiconductor exports underpin high…