Thursday, 29 October 2026
News, business, world affairs and market coverage
Home / Markets
Asian equities trade mixed on Wednesday. Oil prices and Treasury yields dropped as crude flows through the Middle East improved, adding to risk appetite. Furthermore, a senior Iranian official said that Tehran can reope…
The USD/JPY pair gathers strength to around 157.60 during the early Asian trading hours on Wednesday. The Japanese Yen (JPY) extends the decline due to a lack of explicitly hawkish guidance from the Bank of Japan (BoJ) …
Australia is weeks away from a regulatory decision that could leave just one independent motoring club-owned insurer operating in the country. With the Australian Competition and Consumer Commission's (ACCC) determinati…
The USD/CAD pair attracts buyers for the third straight day and trades around the 1.4070-1.4075 area during the Asian session on Wednesday, near its highest level since July 29, touched the previous day. Moreover, the f…
Travis Kelce, the Kansas City Chiefs tight end and fiance of Taylor Swift, sparked jokes and hopes this week when he announced his investment in the embattled amusement park company Six Flags Entertainment.
Gold price (XAU/USD) rebounds to near $4,360 during the early Asian session on Wednesday. The precious metal edges higher amid hopes for diplomatic progress between the US and Iran.
The preliminary reading of Australia's S&P Global Manufacturing Purchasing Managers Index (PMI) eased to 49.3 in September versus 52.0 prior, the latest data published by S&P Global showed on Wednesday.
1.3400 has capped GBP/USD in every session since the Fed raised rates on September 16. The pair went through that level on the day of the decision and has failed to get back above it four times since. On Tuesday it fell…
The Aussie Dollar is poised to end Tuesday’s session unchanged versus the Greenback amid renewed hopes for an end of the Middle East conflict, while Federal Reserve officials struck a hawkish tone in their speeches. The…
Four weeks of selling have taken NZD/USD from just under 0.6000 to its lowest since early July. On Tuesday the pair dipped under 0.5700, then climbed back into the 0.5700 to 0.5800 range it has traded in since September…
West Texas Intermediate (WTI) Oil extends its decline on Tuesday as traders assess fresh Middle East developments, keeping energy prices under pressure for a fifth straight day. At the time of writing, WTI trades around…
About 80% of the Euro's August rally is gone. EUR/USD climbed from near 1.1350 at the end of July to just above 1.1700 in the second half of August, and on Tuesday it dipped under 1.1450 to its lowest since late July be…
OCBC strategists Sim Moh Siong and Christopher Wong note that the Renminbi (RMB) has extended gains, with USD/CNY breaking below 6.70 as the People's Bank of China (PBoC) strengthened the fix for nine straight sessions …
Richmond Federal Reserve (Fed) President Thomas Barkin said on Tuesday that the Federal Open Market Committee (FOMC) decided to raise interest rates last Wednesday because inflation risks outweighed those to maximum emp…
MUFG’s Michael Wan notes that improved risk sentiment and AI optimism around Meta’s Muse supported a slightly stronger Dollar and stable DM yields. He argues that Asia FX and rates could benefit from continued infrastru…
OCBC strategists Sim Moh Siong and Christopher Wong report that the Korean Won (KRW) strengthened alongside gains in tech equities, lower Oil prices and strong export data, including a surge in semiconductor shipments. …
US President Donald Trump is figuring out a solution to end the war between Russia and Ukraine, after meeting with Ukrainian President Volodymyr Zelenskyy. Furthermore, he added that Russian President Vladimir Putin is …
The US Dollar (USD) has extended its recovery on Tuesday, climbing to new multi-week highs on the back of steady bets for extra Fed tightening, while increasing hopes of a potential deal to unlock the US-Iran-Hormuz con…
The Dollar Index trades near 100.70, its highest level since late July. It has climbed through five straight sessions of falling Crude Oil, the opposite of how the war has moved it for most of this year. The Fed is the …
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann expect USD/CNH to edge lower intraday but stay confined to a narrow 6.6890–6.6960 range, with a clear break below 6.6890 seen as unlikely. Over one t…
OCBC strategists Sim Moh Siong and Christopher Wong argue that intervention risks and a more hawkish Bank of Japan (BoJ) are key for the Japanese Yen (JPY). They see faster BoJ policy tightening gradually supporting JPY…
Deutsche Bank Research’s UK economists Sanjay Raja and Maui Brennan have shifted their BoE base case from no hikes to two 25bp moves, in November and February. They argue Bank Rate is already restrictive, inflation is l…
AUD/USD trims part of its earlier losses on Tuesday as traders assess fresh diplomatic signals surrounding the war between the United States (US) and Iran, weighing on the US Dollar (USD). Meanwhile, a hawkish Reserve B…
Standard Chartered’s Nicholas Chia now expects the Reserve Bank of Australia (RBA) to raise the cash rate to 4.60% at its 29 September meeting, revising a previous call for a hold. Chia cites recent RBA messaging focuse…
We use cookies to improve your experience and analyse site traffic. By continuing to browse, you agree to our use of cookies.