Independent coverage of UK markets, FCA policy and institutional trading
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note that USD/SGD extended higher than expected, with the pair touching 1.2814 instead of staying in the prior intraday range. Short-term mo…
The US Dollar (USD) has added to Monday’s optimism, advancing to the area of fresh two-week highs on the back of mixed US Treasury yields and the continuation of the pre-Fed cautious stance in the glo…
The yen was 0.16% weaker at 157.73 per dollar, inching further away from the one-month high it touched last week ahead of the Bank of Japan policy decision later this week. The yen had lost ground on …
The Australian Dollar consolidates for the fourth straight day versus the US Dollar, yet registers modest gains of 0.11%, as price action shifts to choppy ahead of the Federal Reserve’s monetary polic…
AUD/USD edges higher on Tuesday as hawkish Reserve Bank of Australia (RBA) expectations help the Australian Dollar (AUD) outperform its major peers. A recovery in equity markets as concerns over heavy…
Commerzbank’s Dr. Henry Hao and FX analyst Charlie Lay highlight that Singapore’s September inflation and manufacturing data softened, keeping underlying price pressures contained despite higher globa…
GBP/USD traded at 1.3310 on Tuesday afternoon, down 0.25% from Monday’s close at 1.3342, extending its losing streak to four sessions. The pair opened at 1.3343, touched a session high of 1.3349 in th…
USD/CHF advances for the third straight day, registering modest gains of 0.09% on Tuesday, with the pair recovering some ground after hitting a monthly low of 0.8191 last Friday. The pair exchanges ha…
DBS Group Research economist Ma Tieying reviews South Korea’s preliminary 3Q GDP data, highlighting solid growth and strong exports led by semiconductor shipments, alongside weaker private consumption…
Scotiabank strategists Shaun Osborne and Eric Theoret note the US Dollar (USD) is supported by sentiment even as rate differentials soften. They highlight a widening gap between US Dollar Index (DXY) …
Scotiabank strategists Shaun Osborne and Eric Theoret say British Pound (GBP) is softer versus the Dollar as markets stay cautious ahead of Wednesday’s UK budget. Overnight GBP/USD volatility is firme…
BNY Markets’ John Velis previews the October FOMC, expecting no rate hike this week but a possible move in December. He notes market-implied probabilities show the Fed funds rate peaking just above 4.…
New orders for manufactured Durable Goods in the United States (US) rose by $6.3 billion, or 1.8%, to $345.4 billion in September, the US Census Bureau reported on Tuesday. This reading followed a 0.1…
The US Dollar has been one of the strongest performers among major currencies in the last few sessions. The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against a basket of s…
Commerzbank’s Carsten Fritsch notes Brent Oil has surged to a six‑month high as geopolitical tensions around Iran, Houthi attacks in Saudi Arabia and risks in the Strait of Hormuz drive a substantial …
Brown Brothers Harriman’s (BBH) Elias Haddad expects Chile’s central bank to keep its policy rate at 4.50% for a sixth meeting, despite market pricing for future hikes. He argues this path is too aggr…
National Bank of Canada (NBC) economists Taylor Schleich and Ethan Currie argue that economic slack and contained core inflation have allowed the Bank of Canada to be patient, but sustained high Oil p…
Gold (XAU/USD) reverses earlier losses during American trading hours on Tuesday as a pullback in Oil prices attracts buyers. However, the metal’s gains remain in check as the US Dollar (USD) regains g…
Societe Generale strategists highlight severe pressure on the Brazilian Real, which will resume trading at 5.4155 after an 8.5% drop driven by unwinding of long positions. They note the pair has retes…
EUR/USD remains on the back foot on Tuesday as the Euro (EUR) underperforms across the board amid concerns over France’s public finances, while a firmer US Dollar (USD) adds pressure. At the time of w…
Federal Reserve decisions can sometimes feel like the only events that determine whether the stock market rises or falls. Yet the marketâs response has rarely been that simple. Historically, stocks …
Gold (XAU/USD) remains depressed heading into Tuesday’s European session, with bearish traders looking to extend the slide further below the $4,000 psychological mark amid a broadly firmer US Dollar (…
The Indian Rupee (INR) weakens again versus the US Dollar (USD) as demand for US Dollars remains significant due to elevated oil prices. On Tuesday, the USD/INR pair holds onto three-day gains near 95…
The British Pound (GBP) underperforms its major currency peers, except the Japanese Yen (JPY), on Tuesday. Against the Japanese currency, the Pound Sterling is up 0.18% to near 210.30.