Sunday, 1 November 2026
Independent coverage of global markets, trade and finance
The GBP/USD pair posts modest gains near 1.3405 during the early Asian session on Friday. The British Pound (GBP) edges higher against the US Dollar (USD) as hotter UK September Consumer Price Index (CPI) data has bolst…
The USD/CHF pair edges lower on Thursday, losing 0.46% and dropping towards 0.8200 as safe-haven currencies like the Swiss Franc (CHF) and the Japanese Yen (JPY) are the only currencies appreciating against the Greenbac…
Rabobank’s Bas van Geffen expects the European Central Bank (ECB) to keep policy unchanged at its October meeting, with the deposit rate at 2.50%, and to deliver a final hike in December. He highlights persistent upside…
Gold (XAU/USD) collapses over 2% on Thursday as investors flee to the safety of US Treasuries amid falling yields and US equities. Concerns over technology companies' credit risks are mounting as investors seek evidence…
NZD/USD pauses a five-day winning streak on Thursday following softer-than-expected domestic inflation data. However, the pair lacks follow-through selling as the US Dollar (USD) remains on the back foot amid declining …
The US Dollar (USD) was unable to maintain its recovery, coming under some modest selling pressure in the latter part of Thursday’s NA session. That said, the Greenback has eventually further extended its multi-day corr…
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note USD/CNH is drifting lower, with intraday risks skewed toward a brief dip below 6.6700, though they do not expect a sustained break. Over the nex…
Silver (XAG/USD) price sinks over 5% on Thursday as yield-seeking investors buy US Treasuries. Although this tumbled US Treasury yields, the white metal failed to gain traction due to rising energy prices and a strong U…
ING’s Carsten Brzeski expects the European Central Bank to keep policy rates unchanged at the 29 October meeting, as the French fiscal crisis and higher bond yields are already tightening financial conditions. He argues…
Russia pounded Kyiv with ballistic missiles and Ukraine sent hundreds of drones towards Moscow overnight as the warring sides kept up a barrage of attacks despite the latest US push to end the conflict. Russia said on W…
Silver (XAG/USD) extends its sharp decline on Thursday, falling 5% to trade around $55.05 at the time of writing, after hitting its lowest level in three months at $55.01. The precious metal faces intense selling pressu…
Danske Research Team reports that UK headline CPI rose to 3.5% year-on-year in September, with core and services inflation also edging higher and exceeding Bank of England projections. On the back of stronger inflation …
Societe Generale analysts highlight that SAGBs outperformed and the ZAR strengthened after South Africa’s mini‑budget, although some gains were surrendered the following morning. The deficit target for 2026/27 was trimm…
Danske Research Team notes that Japan’s September Consumer Price Index (CPI) and October flash Purchasing Managers' Index (PMI) data are due overnight, following recent Tokyo inflation figures that signaled stronger cor…
The British Pound (GBP) keeps heading higher against a weaker US Dollar (USD) on Thursday, as markets brace for Federal Reserve (Fed) policy next week, while in the UK the conditions are set for a Bank of England (BoE) …
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is remaining subdued for the third consecutive day and trading near 101.50 during the European hours on Thursday.
Chris Turner at ING highlights that EUR/USD is holding up despite higher energy prices and French budget risks, helped by unwinding of heavy US tech and Dollar positions. He sees Fed tightening expectations remaining fi…
Gold (XAU/USD) extends losses below $4,100 on Thursday, falling more than 2% as energy-driven inflation concerns from Middle East tensions reinforce expectations that interest rates will remain elevated longer. At the t…
The Indian Rupee (INR) fails to extend its winning streak for the eighth trading day against the US Dollar (USD). The USD/INR pair rebounds sharply to near 94.91 after attracting signfiicant bids at around the seven-wee…
Silver prices (XAG/USD) fell on Thursday, according to FXStreet data. Silver trades at $55.94 per troy ounce, down 3.52% from the $57.98 it cost on Wednesday.
Societe Generale analysts observe that Gold has formed an interim low near $4,065 and is consolidating in a narrow range. They flag resistance at $4,200/4,225 and warn that failure to break higher could trigger a deeper…
The British Pound (GBP) is down 0.5% at around 210.30 against the Japanese Yen (JPY) during the European session on Thursday. The cross faces selling pressure as the Japanese currency outperforms even as the Bank of Jap…
The AUD/USD pair loses momentum to around 0.7015 during the early Asian trading hours on Thursday. Risk-off bias and safe havens flows provide some support to the US Dollar (USD) against the Australian Dollar (AUD). Tra…
The GBP/USD pair enters a bullish consolidation phase during the Asian session on Thursday, trading just below the 1.3400 mark and near its highest level since September 16, touched earlier this week. Meanwhile, the fun…