أخر الأخبار Archives

DXY: Supported by caution – OCBC

DXY was a touch firmer this morning. Market narrative has shifted towards concerns of what the backlog of US data may reveal about the US economy but at the same time, there is also rising caution that Fed may slow pace of rate cuts.

Oil: Novorossiysk resumes Oil shipments – ING

ICE Brent settled almost 1.2% higher last week after a Friday rally following a Ukrainian attack on the Russian port of Novorossiysk.

EUR: European Commission autumn forecasts in focus – ING

In focus on a quiet Monday will be the European Commission’s autumn forecasts. In spring, the EC downgraded the 2025 and 2026 euro area GDP forecasts to 0.9% and 1.4% respectively, with inflation at 2.5% and 1.7%.

ECB’s Vujčić: Market valuations are stretched

European Central Bank (ECB) policymaker Boris Vujčić said on Tuesday that risks are balanced around inflation, per Reuters.

EUR/JPY Price Forecast: Targets fresh record highs near 179.00 as bullish bias prevails

EUR/JPY extends its gains for the third consecutive session, trading around 178.40 during the European hours on Tuesday. The currency cross shows strong short-term momentum, trading above the nine-day Exponential Moving Average (EMA).

USD: Interest rate decisions in uncertain times – Commerzbank

While the financial markets were almost in a ‘celebratory mood’ in view of the looming end of the US government shutdown, EUR/USD remained flat yesterday. The price moved within a narrow range around the 1.1550 mark.

Gold sticks to gains near three-week high as Fed rate cut bets offset modest USD uptick

Gold (XAU/USD) sticks to modest intraday gains through the first half of the European session and currently trades just below a nearly three-week high touched this Tuesday.

PBOC sets USD/CNY reference rate at 7.0885 vs. 7.0867 previous

The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.0885 compared to the previous day’s fix of 7.0867 and 7.1226 Reuters estimate.

NZD/USD extends the decline below 0.5700 on downbeat Chinese PMI data, Fed’s hawkish remarks

The NZD/USD pair attracts some sellers to around 0.5695 during the early Asian session on Tuesday. The New Zealand Dollar (NZD) weakens against the US Dollar (USD) as the latest data showed the Chinese manufacturing sector weakening last month.

Japan Jibun Bank Manufacturing PMI came in at 48.2, below expectations (48.3) in October

Gold Price Forecast: XAU/USD holds below $4,000 as Fed’s hawkish remarks lift US Dollar

Gold price (XAU/USD) declines to around $4,000 during the early Asian session on Tuesday. The precious metal edges lower as traders dialed back bets for further Federal Reserve (Fed) rate cuts. The Fed’s Michelle Bowman is scheduled to speak later in the day.

Crude oil price today: WTI price bearish at European opening

West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $61.33 per barrel, down from Thursday’s close at $61.60.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $65.04 after its previous daily close at $65.29.