Is inflation on the rise in Europe?
The latest inflation expectations data from Eurozone edged slightly higher in October according to the latest survey, rising from September’s 2.7% reading to 2.8% , but failed to provide support for the Euro earlier today. At its October decision, the ECB opted for a pause scenario and kept its rates unchanged at the 2.15% level, […]
Oil Weekly Update: Traders zero in on Ukraine peace talks
Technical Analysis of Oil WTI Chart – Crude futures remain rangebound above the $58 per barrel area. Crude futures remained confined between the $61.50 (R1) and $58.00 (S1) levels for another week, as neither the bulls nor the bears took hold of the initiative. We maintain our sideways bias for the commodity given the lack […]
Silver set to challenge ATH peak
Silver futures climbed near record highs once again, as money market participants drastically increased the odds for a December rate cut, after softer economic data, dovish Fed speak, labour market weakness and speculations that a Trump loyalist will most likely head the Federal Reserve, once Powell’s term comes to an end in 2026. Weak retail […]
Italy Industrial Sales n.s.a. (YoY): 3.4% (September) vs -0.1%
Italy Industrial Sales n.s.a. (YoY): 3.4% (September) vs -0.1%
Italy Industrial Sales s.a. (MoM): 2.1% (September) vs -0.7%
Italy Industrial Sales s.a. (MoM): 2.1% (September) vs -0.7%
GBP: Sterling gains on UK budget relief – ING
The UK budget lifted Pound Sterling (GBP) modestly as fiscal pressures eased, but back-loaded tax measures and upcoming BoE rate cuts could keep the currency’s upside limited, ING’s FX analyst Chris Turner notes.
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Thursday, according to FXStreet data. Silver trades at $53.41 per troy ounce, up 0.12% from the $53.35 it cost on Wednesday.
Day of reckoning for Reeve’s budget
The main attraction for the day is the upcoming unveiling of the infamous, Autumn Budget from UK Chancellor of Exchequer Rachel Reeves, which could potentially cause a destabilisation in bond and FX markets. The Chancellor has, time and time again, reiterated her “iron clad commitment” at saving the UK from its fiscal troubles, underscoring her […]
RBNZ’s one-and-done?
Coming up early in tomorrow’s early Asian session is the Reserve Bank of New Zealand’s rate decision for the last meeting of 2025 and Kiwi traders will be glued to their seats awaiting to see the central bank’s forward projections in regards their policy agenda. Currently RBNZ’s official cash rate stands at 2.5% around levels […]
Gold’s Weekly Update: Gold’s price remains stable for now
Since last week’s update, gold’s price remained relatively stable, maintaining a possibly wait-and-see position. In today’s update we are to have a look at the market’s expectations for the Fed’s intentions, geopolitics that could affect gold’s price and whether gold’s negative correlation with the USD is active or not. We are to conclude the report […]
Week Ahead run through
Following last week’s carnage in US equity markets, the unveiling of September’s delayed NFP print, the repositioning of money market participants for the Fed’s upcoming decision, Nvidia’s blowout earnings report and preliminary Russia-Ukraine peace negotiations, investors look ahead and brace for a relatively quiet week of financial and economic releases, in hopes of calibrating their […]
Strong payrolls number wrangles December rate cut bets
Stock markets abruptly reversed course and plunged deep in the reds yesterday, after the delayed NFP print for the month of September showcased that the US economy’s labour market remains resilient amidst the Federal Reserve’s restrictive policy campaign. The US economy managed to add 119k new jobs in September, dispelling calls that saw a mere […]
Yen slumps to 10-month lows on extra dovish fiscal outlook
The Yen’s devaluation phase against the dollar got extended earlier today, after details for a stimulus package made rounds in the markets and made investors weary about the Japan’s fiscal health onwards. Under the helm of its new Prime Minister Sanae Takaichi, an ultra-dove in the eyes of the market, the Japanese government announced its […]
GBP/USD: Unlikely to break below 1.3000 – UOB Group
Pound Sterling (GBP) could decline further; deeply oversold conditions suggest it is unlikely to break below 1.3000. In the longer run, there is room for GBP to test the significant support level at 1.3000, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
JPY: Under political pressure – Commerzbank
The Japanese Yen (JPY) continued to depreciate steadily over the last few days, reaching its weakest level against the US dollar since the beginning of the year, with USD/JPY even rising above 157.
European Gas retreats – ING
European natural Gas prices fell nearly 2.4% on Wednesday, pressured by reports of U.S.–Russia peace discussions despite colder weather accelerating storage withdrawals, ING’s commodity experts Ewa Manthey and Warren Patterson note.
Dow Jones futures climb as Nvidia boosts AI trade, US NFP awaited
Dow Jones futures advance 0.62% to trade near 46,500 during European hours on Thursday, ahead of the United States (US) market open. The S&P 500 futures and Nasdaq 100 futures are also higher, rising 1.29% and 1.78% to around 6,750 and 25,150, respectively, at the time of writing.
EUR/USD: Major support at 1.1470 is unlikely to come under threat – UOB Group
Euro (EUR) could test 1.1500 before rebounding; the major support at 1.1470 is unlikely to come under threat. In the longer run, the bias for EUR has shifted to the downside; it is too early to tell if it can reach 1.1470, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Oil: Russia-Ukraine peace talk noise – ING
Oil prices came under pressure yesterday, with ICE Brent settling about 2.1% lower, ING’s commodity experts Ewa Manthey and Warren Patterson note.
USD: Just volatility today, no new direction – Commerzbank
Today, markets will finally see US labor market data again. The foreign exchange market will certainly be looking very closely at the figures and all the details to find clues about the state of the US labor market and the implications for the Fed, Commerzbank’s FX analyst Volkmar Baur notes.