British Pound gains against Japanese Yen ahead of UK Budget
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.
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Euro: Downside bias toward supports against US Dollar – UOB
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…
Indian Rupee weakens as higher oil prices keep elevating US Dollar’s demand
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
Canadian Dollar weakens due to stronger US Dollar, lower oil prices
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…
PBOC sets USD/CNY reference rate at 6.7171 vs. 6.7162 previous
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 6.7171 compared to the previous day's fix of 6.7162 and 6.6731 Reuters estimate.
Gold bears flirt with $4,000 amid sustained USD buying ahead of FOMC decision
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 …
Canada’s Carney says will not change position in trade talks with US
Canadian Prime Minister Mark Carney said on Monday that the country has not changed its position in trade talks with the United States (US). Carney added that any progress made is because Washington moved closer to Cana…
Iran says it agrees with Mecca pact states to seek peace
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 (…
British Pound remains depressed vs USD ahead of UK Autumn Budget and FOMC on Wednesday
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…
Gold rebounds above $4,000 amid hopes of easing US‑Iran tensions
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 …
Silver Price Forecast: Bulls defend $53 as bearish structure holds
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.
Singapore Dollar: FOMC and yields steer SGD against US Dollar – OCBC
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…
GBP/JPY Price Forecast: Bulls eye 211.10 as bearish trend persists
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.…
Forex Today: Caution prevails ahead of the Fed
The US Dollar (USD) has started the week in an auspicious fashion, further extending its recovery to the area of multi-day highs. The Greenback’s extra strength has followed a mixed tone in US Treasury yields amid a gen…
Mexican Peso defies US Dollar strength as Iran peace hopes lift sentiment
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…
Anthropic’s IPO filing shows explosive growth, risks and staggering costs
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Gold: Bullish outlook faces test at $4,000 – TD Securities
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.
United Kingdom: Investment push lifts borrowing – Deutsche Bank
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 …
Euro area: Modest GDP growth and mixed inflation - Societe Generale
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…
United States Dollar Index nears 102.00 as traders brace for central bank decisions
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.
Euro: ECB caution meets France risk – BBH
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…
Swiss Franc: Further gains hinge on Euro resistance - Societe Generale
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…
U.S. yields hover near 3-week lows as ahead of Fed decision
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…
Euro pares some losses against British Pound as Oil, French yields dip
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…