Tuesday, 3 November 2026
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MUFG highlights that strong earnings guidance from Micron Technology, a key AI memory supplier, has boosted sentiment in AI and tech stocks. Revenue guidance far exceeded expectations and new strategic agreements suppor…
Gold price (XAU/USD) tumbles to around $3,995 during the early Asian session on Thursday. The precious metal extends the decline to below the $4,000 psychological level for the first time since November 2025 on the pros…
The USD/JPY pair trades on a flat note near a multi-decade high of around 161.75 during the early Asian trading hours on Thursday. The potential upside for the pair might be limited amid heavy speculation of imminent cu…
The US Dollar Index (DXY) trades near 101.60 on Wednesday, at a one-year high as markets looked ahead to Thursday’s United States (US) Personal Consumption Expenditures Price Index (PCE), the Federal Reserve’s (Fed) pre…
Scotiabank strategists Shaun Osborne and Eric Theoret note the US Dollar (USD) is strengthening on a higher-for-longer Federal Reserve (Fed) outlook, some haven demand and mixed global equities. US Dollar Index (DXY) is…
The EUR/USD pair declines to around 1.1355 during the early Asian trading hours on Thursday. The Euro (EUR) weakens to its lowest level since June 2025 against the US Dollar (USD) as traders increase their bets on US in…
US Treasury yields fell across the curve on Wednesday after the reopening of the Strait of Hormuz, which eased inflationary pressures and drove Oil prices lower. At the same time, the US Dollar Index (DXY), which measur…
USD/JPY spent Wednesday grinding higher again, which by rights should not be happening. The Bank of Japan (BoJ) raised its policy rate only last week, and a hike is meant to put a floor under a currency, not watch it sl…
The USD/CHF extends its rally for the third straight day this week and refreshes year-to-date (YTD) highs, peaking at 0.8139, which is also an 11-month high. At the time of writing, the pair trades at 0.8124, up 0.34%.
Lloyd Chan at MUFG argues that Thai Baht (THB) weakness, despite lower Oil prices, reflects its low-yield profile and the Bank of Thailand’s (BoT) growth-focused stance, which limits tightening scope. Rising United Stat…
Gold (XAU/USD) price collapses by over 3% on Wednesday during the North American session amid broad US Dollar strength, despite US Treasury yields tumble on speculation that the reopening of the Strait of Hormuz could e…
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann keep a constructive stance on USD/SGD after five consecutive daily gains, noting overbought conditions but still expecting further upside. In the near term, th…
GBP/USD spent Wednesday confirming what the daily chart has signalled for a week, that the Pound's attempted recovery has run out of road. Cable drifted lower through the session to a low just under 1.3150 before clawin…
OCBC’s Sim Moh Siong and Christopher Wong note USD/SGD has drifted higher on broad US Dollar (USD) strength and softer risk sentiment, with daily momentum bullish and Relative Strength Index (RSI) overbought. Softer Sin…
BNY’s Geoff Yu notes that despite a bear market in the Hong Kong China Enterprises Index and 15–16% declines in Chinese equities this year, institutional investors continue to add exposure. Holdings remain elevated vers…
The GBP/JPY cross came under pressure near the 213.00 level on Wednesday as the British Pound weakened after United Kingdom (UK) Prime Minister Keir Starmer announced he would stand down as Labour Party leader and Prime…
Scotiabank strategists Shaun Osborne and Eric Theoret report the British Pound (GBP) is softer against the US Dollar (USD) but relatively resilient versus G10 peers, with declines tied to shifting Fed expectations and s…
USD/CAD climbs to fresh highs since April 2025 on Wednesday as the Canadian Dollar (CAD) faces a double blow from a stronger US Dollar (USD) and weaker Oil prices.
MUFG’s Lloyd Chan notes that MYR has underperformed since the June FOMC as higher US yields and wider US-Malaysia rate differentials weigh on the currency. While the bank’s medium-term constructive view on the ringgit r…
West Texas Intermediate (WTI) crude Oil extends its decline on Wednesday, falling more than 3% as stranded crude cargoes in the Strait of Hormuz gradually return to the market following an interim peace agreement betwee…
EUR/USD extends its decline on Wednesday and trades around 1.1340 at the time of writing, down 0.39% on the day, as the US Dollar (USD) benefits from renewed support driven by expectations of additional monetary tighten…
Societe Generale’s Emerging Markets (EM) strategists say the Brazilian central bank, Banco Central do Brasil (BCB) minutes support an easing cycle with pauses to guide inflation back to 3% by 1Q28, leaving USD/BRL appro…
The Dow Jones Industrial Average (DJIA) pushed into fresh record territory again on Wednesday, but the way it got there is worth a second look. The index added roughly 1% and closed near 52,200, just below the all-time …
European Central Bank (ECB) Executive Board member Isabel Schnabel said on Wednesday that from the present perspective, further interest rate hikes are needed to bring inflation back to the central bank’s 2% target.
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