Independent coverage of UK markets, FCA policy and institutional trading
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…
Rabobank’s Bas van Geffen expects the European Central Bank (ECB) to keep policy unchanged at its October meeting, with the deposit rate at 2.50%, and to deliver a final hike in December. He highlight…
The USD/CHF pair edges lower on Thursday, losing 0.46% and dropping towards 0.8200 as safe-haven currencies like the Swiss Franc (CHF) and the Japanese Yen (JPY) are the only currencies appreciating a…
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note USD/CNH is drifting lower, with intraday risks skewed toward a brief dip below 6.6700, though they do not expect a sustained …
The US Dollar (USD) was unable to maintain its recovery, coming under some modest selling pressure in the latter part of Thursday’s NA session. That said, the Greenback has eventually further extended…
NZD/USD pauses a five-day winning streak on Thursday following softer-than-expected domestic inflation data. However, the pair lacks follow-through selling as the US Dollar (USD) remains on the back f…
Silver (XAG/USD) extends its sharp decline on Thursday, falling 5% to trade around $55.05 at the time of writing, after hitting its lowest level in three months at $55.01. The precious metal faces int…
Gold (XAU/USD) collapses over 2% on Thursday as investors flee to the safety of US Treasuries amid falling yields and US equities. Concerns over technology companies' credit risks are mounting as inve…
Societe Generale analysts highlight that SAGBs outperformed and the ZAR strengthened after South Africa’s mini‑budget, although some gains were surrendered the following morning. The deficit target fo…
USD/CAD trims some earlier losses on Thursday as the US Dollar (USD) tries to rebound after slipping to a fresh three-week low earlier in Asian trading hours. However, upside remains limited as the Ca…
Russia pounded Kyiv with ballistic missiles and Ukraine sent hundreds of drones towards Moscow overnight as the warring sides kept up a barrage of attacks despite the latest US push to end the conflic…
ING’s Carsten Brzeski expects the European Central Bank to keep policy rates unchanged at the 29 October meeting, as the French fiscal crisis and higher bond yields are already tightening financial co…
Danske Research Team reports that UK headline CPI rose to 3.5% year-on-year in September, with core and services inflation also edging higher and exceeding Bank of England projections. On the back of …
The Euro (EUR) is walking a tightrope between French fiscal risk and a firm Federal Reserve (Fed). Brown Brothers Harriman (BBH) warns that widening French-German yield spreads — already at 175 bps, n…
Gold (XAU/USD) extends losses below $4,100 on Thursday, falling more than 2% as energy-driven inflation concerns from Middle East tensions reinforce expectations that interest rates will remain elevat…
Societe Generale analysts observe that Gold has formed an interim low near $4,065 and is consolidating in a narrow range. They flag resistance at $4,200/4,225 and warn that failure to break higher cou…
Silver prices (XAG/USD) fell on Thursday, according to FXStreet data. Silver trades at $55.94 per troy ounce, down 3.52% from the $57.98 it cost on Wednesday.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is remaining subdued for the third consecutive day and trading near 101.50 during the European …