Independent coverage of UK markets, FCA policy and institutional trading
The United States (US) Federal Reserve (Fed) will release the Minutes of September’s Federal Open Market Committee (FOMC) meeting on Wednesday. Investors are eager for some details that shed light on …
USD/JPY trades in a narrow range on Wednesday, with the Japanese Yen (JPY) holding a slight advantage over the US Dollar (USD) as traders assess hawkish Bank of Japan (BoJ) signals. Intervention risks…
The euro traded at 1.1192 against the dollar on Wednesday, October 7, down 71 pips or 0.63% from Tuesday's 1.1263 close. The session range ran from 1.1266 at the high to 1.1186 at the low. That low si…
The Pound Sterling (GBP) dives over 0.48% against the US Dollar (USD) on Wednesday as US Treasury yields hit a 24-year high, boosting the Greenback’s appeal, while traders await the release of the Fed…
BNY’s Geoff Yu argues that the Eurozone recovery remains intact even as the Euro (EUR) weakens. Manufacturing PMIs and business surveys in Germany and across Europe point to strengthening demand, whil…
USD/CAD rebounds sharply on Wednesday, rising nearly 0.45% as the US Dollar (USD) remains firmly bid across the board, supported by surging US Treasury yields. Attention now turns to the minutes of th…
The pound is being squeezed from both ends, and the result is a slide to a seven-month low. GBP/USD changed hands near 1.3180 on Thursday, clinging just below the 1.3200 mark after a recovery attempt,…
The British pound (GBP) has fallen in value this year amid rising inflation, the prospect of the economy entering recession by the end of the year, political uncertainty, and persistent strength in th…
Scotiabank strategists Shaun Osborne and Eric Theoret note USD/CAD around 1.4227 with the Canadian Dollar (CAD) flat versus the US Dollar (USD) but outperforming most G10 peers. CAD retains much of Tu…
The yield on the US 10-year Treasury note touched 5.35% on Wednesday, its highest since April 2002, and the 30-year bond hit a 24-year high. Brent is back above $100 a barrel after Iran stepped up att…
Governments belonging to the International Energy Agency (IEA) support accelerating the release of Oil stocks announced under the collective action agreed in March, according to a statement from the o…
Gold (XAU/USD) extends its decline on Wednesday, falling nearly 1.60% as the US Dollar (USD) and US Treasury yields resume their advance following a modest pullback the previous day. At the time of wr…
OCBC Bank strategists Sim Moh Siong and Christopher Wong argue that the US Dollar's (USD) structural support from the US technology and AI sectors remains intact, but they are more cautious on further…
Societe Generale notes EUR/HUF rebounded from its 50-day moving average after a downside surprise in Hungarian CPI. Inflation remains below the MNB target, with the stronger Forint helping to curb pri…
Rabobank’s Senior FX Strategist Jane Foley reviews the sharp USD/JPY declines in July and September, initially driven by joint Ministry of Finance (MoF)–US Treasury intervention and later without offi…
Societe Generale notes USD/SEK broke out of a large base in September, extending its rebound and recently posting an interim high near 10.10 before a brief pullback. The bank highlights the 9.83/9.79 …
West Texas Intermediate (WTI) oil price declines after paring its daily gains, trading around $89.00 per barrel during European hours on Wednesday. Crude oil prices fall as traders weigh increased Gul…
A hawkish dot plot in September suggests today's FOMC minutes shouldn’t surprise on the dovish side. At the same time, softish post-meeting data probably raise the bar for a positive dollar reaction t…
Commerzbank’s Tatha Ghose highlights that Poland’s National Bank (NBP) is expected to keep its base rate at 3.75% in October, with guidance from Thursday’s press conference key. Several MPC members no…
Gold (XAU/USD) retraces Tuesday’s gains on Wednesday and resumes its broader bearish trend, with the US Dollar (USD) appreciating across the board, as investors brace for the release of the minutes of…
The Indian Rupee ((INR) remains broadly muted at around 96.37 against the US Dollar (USD) after the Reserve Bank of India’s (RBI) monetary policy decision. In the policy meeting, the RBI decide to hik…
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts some follow-through buying for the second consecutive day on Wednesday, building on the previous day's rebound from an over …
The Bank of Japan's (BoJ) new policymaker Ayano Sato said that she supports the idea of raising interest rates in several stages, Reuters reported on Tuesday.
Gold (XAU/USD) meets with a fresh supply during the Asian session on Wednesday, stalling the previous day's modest bounce from the $4,100 neighborhood, or a two-month low.