Independent coverage of UK markets, FCA policy and institutional trading
Chris Turner at ING highlights that the Mexican Peso has been the weakest emerging market currency since early September, hurt by dovish Banxico rhetoric and narrowing policy spreads versus the Federa…
Gold (XAU/USD) price prolongs its agony, tumbling by nearly 0.60% on Friday and poised to finish the week with losses as higher energy prices increase the chances that major central banks could tighte…
OCBC strategists Christopher Wong and Sim Moh Siong say Indian Rupee's (INR) recent recovery has stalled as renewed gains in Oil prices highlight India’s external vulnerabilities. RBI measures and IPO…
TD Securities strategists note that FX markets remain meaningfully long the US Dollar (USD) ahead of the October FOMC, with data showing the Fed faces the strongest G10 hiking pressures. They expect t…
Brown Brothers Harriman (BBH) strategist Elias Haddad reports EUR/USD trading defensively below 1.1200 after weaker-than-expected Eurozone PMI, which still signals robust growth. Above-target inflatio…
Gold (XAU/USD) attempts a recovery above the $4,000 mark on Friday after slipping to $3,986 during Asian trading hours, its lowest level since July. The rebound comes as dip buyers step in following T…
Thursday should have been a fairly straightforward dollar session under the old playbook. Equities were under pressure, AI nerves were leaking from stocks into credit, oil remained uncomfortably high …
Silver (XAG/USD) slides to fresh yearly lows on Friday after plunging 5.8% on Thursday as concerns over AI-related investments weighed on equities, but failed to spark safe-haven demand for Silver as …
Spot gold is bid at $4,187.70 an ounce at 10:39 a.m. ET, up $17.90, or 0.43%, on the day. The ask is $4,189.70. Friday’s range has run from $4,146.60 to $4,199.50, and the high came within 50 cents of…
The New Zealand Dollar (NZD) posts minor gains against the US Dollar (USD) on Friday, but remains trading within Thursday’s range, amid a moderate risk-off mood as Oil prices rise to fresh five-month …
United Overseas Bank strategists (UOB) Quek Ser Leang and Lee Sue Ann note a steep USD/JPY selloff as safe-haven demand for Japanese Yen (JPY) surged on geopolitical tensions and falling US Treasury y…
ING strategists Warren Patterson and Ewa Manthey note ICE Brent surged 4% to just above $113/bbl as markets focus on supply risks rather than current fundamentals.
The EUR/USD pair attracts sellers for the second straight day in reaction to mostly disappointing Eurozone PMIs, trading near the lower end of the weekly range, around the 1.1200 mark during the first…
The private sector's business activity in the United Kingdom (UK) expanded at its fastest pace in eight months in October, with the S&P Global Composite Purchasing Managers' Index (PMI) rising to 53.1…
The USD/JPY pair stages a goodish intraday bounce from the 156.00 neighborhood, or an over one-month low touched earlier this Friday, and sticks to modest gains through the early European session.
Commerzbank’s Tatha Ghose expects the Russian central bank to leave its key rate unchanged at 14.0%, in line with consensus. He argues inflation dynamics and fiscal risks justify a pause, and notes CB…
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is remaining subdued for the fourth successive day and trading near 101.60 during Asian hours o…
USD/CAD extends its losing streak for the seventh successive day, trading around 1.4000 during Asian hours on Friday. The pair has depreciated as the US Dollar (USD) struggles under pressure from moun…
The NZD/USD pair gathers strength to around 0.5690 during the Asian trading hours on Friday. Growing expectations of a Reserve Bank of New Zealand (RBNZ) rate hike provide some support to the New Zeal…
Silver (XAG/USD) drops to its lowest level since November 2025 during the Asian session on Friday, with bears now looking to extend the downward momentum below the $54.00 mark. Meanwhile, the white me…
The GBP/USD pair posts modest gains near 1.3405 during the early Asian session on Friday. The British Pound (GBP) edges higher against the US Dollar (USD) as hotter UK September Consumer Price Index (…
EUR/JPY gains ground after two days of losses, trading around 176.10 during Asian hours on Friday. Technical analysis of the daily chart shows the currency cross remains within a descending channel pa…
Silver (XAG/USD) price sinks over 5% on Thursday as yield-seeking investors buy US Treasuries. Although this tumbled US Treasury yields, the white metal failed to gain traction due to rising energy pr…
Societe Generale notes that the Korean Won (KRW) has risen to a fresh two-year high near 1323/USD after the Bank of Korea (BoK) unanimously kept its policy rate at 3.0% with a hawkish tone. The bank p…