Hong Kong: Growth outlook improves – UOB
UOB economist Ho Woei Chen reports that Hong Kong’s Gross Domestic Product (GDP) growth accelerated sharply in 3Q26, driven by strong goods exports and investment. Chen highlights support from the sem…
FX Desk
ECB’s Moulin: Banks can handle higher rates; France must fix finances
On Wednesday, Emmanuel Moulin, the Governor of the Banque de France and a Governing Council member of the European Central Bank (ECB), said that “banks can deal with rising rates.”
South Korean Won: Inflation and BoK tightening backdrop – MUFG
MUFG highlights that South Korea’s inflation data show easing headline Consumer Price Index (CPI) but sticky core inflation at 2.8% year-on-year, above consensus. Combined with strong growth and a sem…
British Pound: Recovery targets upper 1.36 area against US Dollar – Scotiabank
Scotiabank’s FX strategists note the Pound rising about 0.4% intraday against the US Dollar, with UK PMI revisions having little impact. Market focus shifts to the Bank of England decision, where a 25…
New Zealand Dollar firms on USD weakness despite highest NZ jobless rate in 11 years
NZD/USD rebounds on Wednesday, trading around 0.5620, up 0.19% on the day at the time of writing. The New Zealand Dollar (NZD) benefits from a broad weakening of the US Dollar (USD) following the US m…
Euro area: Core inflation risks rising – Commerzbank
Commerzbank’s Dr. Vincent Stamer notes that Euro area headline inflation rose to 4.0% in October, its highest level in three years, with the core rate steady at 2.5%. The report highlights broad-based…
British Pound nears seven-week high as US elections weaken USD, BoE looms
The Pound Sterling (GBP) rallies to a seven-week high against the US Dollar (USD) on Wednesday after the US midterm elections, in which the Democrats are poised to win the US House of Representatives …
Australian Dollar recovers as US election fallout overshadows dovish RBA signals
AUD/USD edges higher on Wednesday as the US midterm election outcome weighs on the US Dollar (USD), helping the Australian Dollar (AUD) recover from the two-week lows reached following the Reserve Ban…
EUR/USD Price Forecast: Double bottom takes shape as buyers regain control
EUR/USD attracts fresh buyers on Wednesday as the US midterm election results rattle the US Dollar (USD), helping the Euro (EUR) reclaim 1.1200. The technical picture also improves, suggesting bulls a…
Mexican Peso: Risks with Banxico on hold – Rabobank
Rabobank’s RaboResearch team, including Molly Schwartz and Christian Lawrence, expects Banxico to keep its overnight rate at 6.50% on November 5 and through 2027, even as the Federal Reserve is seen h…
Riksbank: Policy path higher as inflation accelerates – Nomura
Nomura’s Global Markets Research team, led by Josie Anderson, George Buckley and Andrzej Szczepaniak, reviews the latest Riksbank decision to raise its policy rate to 2.00%. They highlight acceleratin…
Swedish Krona: Riksbank hikes support SEK – Societe Generale
Societe Generale notes the Riksbank’s 25bp hike to 2.0% and guidance for further tightening, keeping policy accommodative versus neutral. Updated projections imply more hikes through 2028, narrowing t…
FX Outlook: Blue Wave Price Action a Preview of What’s to Come
The Democrats have delivered on opinion polls and have won both the House and the Senate. And by large margins. They have also won governorship races in key states like Texas. Investors will be parsin…
Gold reclaims $4,000 as Democrats’ Congress win rattles US Dollar
Gold (XAU/USD) rallies on Wednesday, reclaiming $4,000 as the US midterm results set the stage for a divided government and raise the risk of political gridlock in Washington. At the time of writing, …
Treasuries rally as Democrats sweep into Congress
Over here, stock markets have risen this morning, with banks and clean energy stocks leading the gains. The FTSE 100 index in London is 24 points, or 0.2% ahead.
British Pound extends rally as Republicans lose both US Houses
The British Pound (GBP) posts a fresh seven-week high at around 1.3500 against the US Dollar (USD) in the European trade on Wednesday. The GBP/USD pair strengthens as the victory of United States (US)…
Forex Daily: The Blue Wave Throws a Wrench Into the US Dollar’s Upside
The US midterms have handed dollar bears a fresh political argument, but I wouldn’t mistake the prospect of congressional gridlock for the beginning of a structural dollar decline. The Fed still holds…
Eurozone flash HICP grows faster by 4% YoY in October, as expected
Eurozone’s preliminary Harmonized Index of Consumer Prices (HICP) data for October arrives at 4% Year-on-Year (YoY), as expected, higher than September’s final reading of 3.8%. On a monthly basis, inf…
Euro extends gains nearing four-week highs amid hot Eurozone Inflation figures
The Euro (EUR) accelerates its recovery against the US Dollar (USD) on Wednesday, favoured by the combination of a sound Democratic win in the US midterm Elections and hot Eurozone inflation data.
Polish Zloty: NBP caution keeps Zloty under pressure – Commerzbank
Commerzbank’s Tatha Ghose expects Poland’s NBP to leave its base rate at 3.75%, despite what he views as underlying inflation risks masked by temporary fuel tax cuts.
Toyota second-quarter profit seen climbing 18%, first increase in six quarters
August 12, 2026, 3:51 AM EDT. Hill & Smith PLC posted 8% revenue growth to $606.7m in H1 2026, led by 14% organic constant currency expansion in US operations. Underlying operating profit climbed 8% t…
Silver Price Forecast: XAG/USD rallies to $52.00 amid lower yields, weak US Dollar
Silver (XAG/USD) is one of the winners of the Republican defeat in the US midterm elections. The Precious metal has appreciated more than 4% on the day so far, reaching weekly highs at $52.00 after hi…
Asian FX gains as dollar falls on U.S. midterm results, yuan weakens on PBOC move
The PBOC’s moves draw a clear line under how fast it will let the yuan strengthen, which may cap further gains against the dollar and the trade-weighted basket in the near term. A softer yuan could we…
US Midterm Elections: Democrats score early wins, weighing on US Dollar
Americans voted in midterm elections on Tuesday, which will determine who controls Congress for the final two years of US President Donald Trump’s term.