Independent coverage of UK markets, FCA policy and institutional trading
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight that EUR/USD failed to hold its recent range, slipping to 1.1172 and reinforcing a short-term downside bias. Intraday, the pair is…
Commerzbank’s Michael Pfister highlights that the British Pound’s (GBP) key event is the new United Kingdom (UK) budget under Prime Minister Andy Burnham, with markets relieved by the calmer approach …
USD/IDR halts its four-day winning streak, trading around 18,170 during Asian hours on Tuesday. The pair pulled back after reaching a nearly five-month high of 18,216 on Monday. However, the Indonesia…
Japanese Finance Minister (FM) Satsuki Katayama said on Tuesday that the government is prepared to take decisive steps in the foreign exchange market. Katayama added that officials will closely monito…
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 6.7171 compared to the previous day's fix of 6.7162 and 6.6731 Reuters estimate.
USD/CAD gains ground for the second successive day, trading around 1.4020 during Asian hours on Tuesday. The pair rises as the US Dollar (USD) continues to gain ground, driven by market caution ahead …
Gold price (XAU/USD) rebounds to around $4,010, snapping the two-day losing streak during the early Asian session on Tuesday. The precious metal edges higher as easing oil prices temper inflation conc…
The GBP/USD pair remains depressed below mid-1.3300s during the Asian session on Tuesday, though it holds above the previous day’s swing low. The downside, however, seems cushioned as traders seem hes…
Canadian Prime Minister Mark Carney said on Monday that the country has not changed its position in trade talks with the United States (US). Carney added that any progress made is because Washington m…
Iran, Saudi Arabia, Pakistan, and Turkey agreed on Monday to continue security discussions and enhance regional cooperation following high-level talks held in Tehran, according to Islamic Republic of …
OCBC’s Christopher Wong describes Malaysian Ringgit trading sideways but relatively resilient despite regional FX volatility, supported by strong September exports, a wider trade surplus and benign in…
OCBC’s Christopher Wong notes USD/SGD drifted lower with the broader USD and US Treasury yields before paring losses, with external drivers back in focus after MAS’s October decision. The bank keeps a…
Silver (XAG/USD) price drifts lower by 0.42% on Monday after retesting last Friday’s low near $53.00, which buyers defended, sending XAG/USD back above $54.00 but below its opening price.
The US Dollar (USD) has started the week in an auspicious fashion, further extending its recovery to the area of multi-day highs. The Greenback’s extra strength has followed a mixed tone in US Treasur…
The Mexican Peso (MXN) registers gains against the US Dollar (USD) on Monday, as USD/MXN edges down 0.57% amid improving risk appetite and US tech stocks rising on Anthropic's IPO filing, while the Gr…
GBP/JPY rises over 0.20% on Monday as market sentiment is positive amid a potential de-escalation of the Middle East conflict and US equity markets trading in the green, with Anthropic, an AI company,…
Deutsche Bank economists Sanjay Raja and Maui Brennan assess UK Autumn Budget leaks suggesting Chancellor Healey will deploy Public Financial Institutions (PuFins) more aggressively than assumed. FT a…
The US Dollar Index (DXY) edges higher on Monday as traders reposition ahead of a busy week of central bank decisions across major economies that could trigger sharp market swings.
USD/JPY trades with a positive bias on Monday as the Japanese Yen (JPY) underperforms its major peers, while a firmer US Dollar (USD) adds support to the pair. At the time of writing, USD/JPY trades a…
TD Securities’ Ryan McKay and Bart Melek note that Gold’s long-term bull thesis is being challenged as prices oscillate around the key $4,000/oz level.
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Societe Generale’s technical team notes EUR/CHF has broken a multi-month ascending trend line and briefly slipped below its 200-day moving average, forming an interim low near 0.9195. They see a rebou…
Brown Brothers Harriman’s (BBH) Elias Haddad notes the European Central Bank (ECB) is expected to hold rates at 2.50%, with markets still pricing a strong chance of a December hike to 2.75%. While con…
Societe Generale’s research team expects Euro area Gross Domestic Product (GDP) for 3Q26 to grow modestly, highlighting resilience despite high energy prices and adverse summer weather. Country-level …