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FX Desk
Gold steadies near $4,000 after hawkish Fed vote split
Gold price retreats by 0.21% on Wednesday as Federal Reserve Chair Kevin Warsh said that he is unable to call financial conditions tight, even though credit conditions have tightened. The XAU/USD trad…
Fed's Warsh: There is no soft inflation target
At the post-meeting press conference, Fed Chair Kevin Warsh explained why policymakers decided to maintain interest rates following the October meeting and took questions from reporters about the deci…
Australian Dollar: RBA may hike again as inflation persists - Standard Chartered
Standard Chartered’s Nicholas Chia expects the Reserve Bank of Australia to raise its cash rate to 4.85% in Q4, likely on 3 November, after stronger-than-projected Q3 underlying inflation. The bank se…
Gold struggles to gain traction ahead of Fed policy verdict
Gold (XAU/USD) stalls its rebound on Wednesday as investors await the Federal Reserve’s (Fed) monetary policy announcement, due at 18:00 GMT. A modest pullback in Oil prices helped bullion recover fro…
RBA Rate Hike Bets Surge as Australian Inflation Heats Up
ASX 200 rallies 1.37% to 8,844 as weak US payrolls ease Fed hike bets and gold rebounds above US$4,100, capping a choppy week bridging the FY26 close and FY27 open.
New Zealand Dollar: RBNZ split keeps December hike in play - UOB
UOB’s Lee Sue Ann notes that the Reserve Bank of New Zealand (RBNZ) kept the Official Cash Rate (OCR) at 2.75% in a narrow 4-3 decision, but maintained a clear tightening bias. With inflation still ab…
Why is Rapport Therapeutics stock sliding today?
Rapport Therapeutics (RAPP) shares sank 22% in premarket trading this morning after it sold stock at a steep discount to pay for its next round of trials.
Abatement in AI Risk Helps the US Dollar
The increasing reliance on automatic code generation integrated with Generative AI technology has raised new challenges for cybersecurity defense against code injection, insecure code templates, and a…
Canadian Dollar: BoC guidance key to CAD outlook - Commerzbank
Commerzbank’s Norman Liebke expects the Bank of Canada (BoC) to deliver a widely anticipated 25 bps hike to 2.5%, though he views this as premature given subdued core inflation. Markets have priced fo…
British Pound: Budget may boost Sterling against Euro - ING
ING's Chris Turner sees scope for a partial unwind of a 20bp risk premium in 10-year UK gilt yields following the budget. While the Bank of England's tightening outlook should remain broadly unchanged…
Silver Price Forecast: Descending channel keeps sellers in control ahead of Fed
Silver (XAG/USD) consolidates modest losses on Wednesday as traders hold back from aggressive bets ahead of the Federal Reserve’s (Fed) monetary policy announcement at 18:00 GMT. Meanwhile, the US Dol…
Indian Rupee is under pressure ahead of Fed’s monetary policy
The Indian Rupee (INR) gives back its opening gains and turns slightly negative against the US Dollar (USD) on Wednesday. The USD/INR pair ticks up to near 95.16 as the Indian currency underperforms d…
BoC expected to hike interest rates amid stubborn Oil-driven inflation
Governor Tiff Macklem is set to take questions from reporters shortly, which should offer markets a clearer read on the central bank’s thinking. His remarks come after the widely anticipated decision …
United States Dollar Index strengthens to near 102.50, Fed rate decision looms
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 102.40 in the early European trading hours on Wednesday…
Gold extends pullback from weekly top, further below $4,050 as focus remains on FOMC
Gold (XAU/USD) extends its retracement slide from the weekly high touched during the Asian session on Wednesday, falling further below $4,050 heading into the European session and ahead of the key cen…
British Pound declines ahead of UK Finance Minister Healey's budget
GBP/USD continues its losing streak for the fourth consecutive day, trading around 1.3290 during Asian hours on Wednesday. Traders are waiting for UK Finance Minister John Healey to present his first …
Euro: Downtrend targets 1.1095 support against US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann note EUR/USD’s downside bias has intensified after the pair broke below 1.1135 faster than expected, reaching 1.1121. Intraday, they see strong but stretched downs…
AUD/USD Price Forecast: Trims hot Aussie CPI-led gains; holds above 0.7000 ahead of Fed
The AUD/USD pair trims a part of its intraday gains to a fresh one-month high, touched during the Asian session on Wednesday in reaction to hot Australian consumer inflation figures. Spot prices, howe…
Gold rises above $4,050 ahead of Fed rate decision
Gold price (XAU/USD) jumps to around $4,065 during the early Asian session on Wednesday, bolstered by lower oil prices. Traders await the Federal Reserve's (Fed) policy meeting later on Wednesday for …
Yemen's Houthis say they hit Saudi Arabia’s Ras Tanura oil refinery with missile
Yemen's Iran-aligned Houthis said on Tuesday that it had launched a ballistic missile toward the Ras Tanura oil refinery in eastern Saudi Arabia, the kingdom’s largest refinery, Reuters reported.
Thai Baht: Trade deficit fuels weakness against US dollar – MUFG
Lloyd Chan at MUFG focuses on Thai Baht as a key expression of the Oil shock in Asia. He cites September trade data showing a sharply wider deficit, driven by surging imports outpacing strong exports.…
Indonesian Rupiah: Watching for retracement signs – OCBC
OCBC’s Sim Moh Siong and Christopher Wong report that IDR remains under pressure despite new IDX measures to address MSCI’s transparency concerns. They retain a mildly cautious bias, stressing that en…
Breaking: Australia’s CPI inflation jumps to 4.3% YoY in September, vs. 4.2% expected
Australia’s Consumer Price Index (CPI) rose by 4.3% year-over-year (YoY) in September, compared to a 4.0% growth reported in August, the latest data published by the Australian Bureau of Statistics (A…