Democratic Sweep Can Weigh on the US Dollar
We don’t expect today’s US midterm results to cause structural shifts in FX, but the dollar may face some short-term pressure should the Democrats secure both the House (widely expected) and the Senat…
FX Desk
Euro: Hawkish ECB cushions losses against US Dollar - ING
Francesco Pesole at ING notes EUR/USD is trying to establish support around 1.1200 after a strong start to the week. A Democratic sweep could offer some help, but he does not foresee major sentiment c…
Gold turns lower again as volatile Oil prices keep traders cautious
Gold (XAU/USD) returns to negative territory on Tuesday as volatile Oil prices continue to shape price action. At the time of writing, XAU/USD trades around $3,933, down 0.31% on the day, but above it…
Euro struggles as oil gains weigh on EUR/CAD
EUR/CAD depreciates after registering gains the previous day, trading around 1.5620 during European hours on Tuesday. The currency cross is facing challenges as the Canadian Dollar (CAD) receives stro…
Indian Rupee outperforms amid US-Iran diplomacy hopes
The Indian Rupee (INR) extends its winning streak against the US Dollar (USD) for the third trading day on Tuesday. As of writing, the USD/INR pair is down 0.15% to near 94.75.
Australian Dollar declines after RBA hikes rates by 25 bps to 4.85%
The Australian Dollar (AUD) faces selling pressure against its peers after the Reserve Bank of Australia’s (RBA) interest rate decision. Against the US Dollar (USD), the Australian currency is down 0.…
Gold weakens back below $3,950 as Fed hike bets weigh ahead of US midterm elections
Gold (XAU/USD) weakens further below $3,950 during the Asian session on Tuesday, reversing part of the previous day's recovery from a one-year low set last week. Data released on Monday showed that US…
EUR/JPY Price Forecast: Holds above 176.50 near nine-day EMA
EUR/JPY inches lower after posting modest gains in the previous day, trading around 176.70 during Asian hours on Tuesday. The technical analysis of the daily chart suggests that the currency cross is …
WTI Price Forecast: Clings to modest gains above $96.00 as US-Iran peace hopes cap upside
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts some dip-buyers during the Asian session on Tuesday, reversing a part of the previous day's heavy losses to the $94.30 area,…
GBP/USD Price Forecast: Holds steady above 1.3400, retains constructive tone above key support
The GBP/USD pair trades on a flat note near 1.3405 during the early European trading hours on Tuesday. Traders prefer to wait on the sidelines ahead of the key events later this week, including the US…
Grab Holdings boosts 2026 forecasts on strong delivery, ride-hailing demand
Uber Technologies UBER, the San Francisco-based ride-hailing giant, continues to benefit from strong growth in gross bookings, driven by steady demand across its platform. The company has been recordi…
Forex Today: US Dollar retreats as US elections and RBA loom
Dow Jones Industrial Average edges up as money leaves tech stocks
Investors sold tech after Oracle (ORCL) filed to raise $20 billion for artificial intelligence (AI) and bought the industrial and retail names that fill the Dow Jones Industrial Average.
Bullock Speech: RBA Governor speaks on policy outlook after the expected interest rate hike
Reserve Bank of Australia (RBA) Governor Michele Bullock is addressing the press conference, explaining the reason behind raising the key interest rate by 25 basis points (bps) to 4.85% from 4.60% in …
Gold bounces to $3,950 as US-Iran agreement looms, eyes on US election
Gold (XAU/USD) rebounds and gains over 2% on Monday as crude prices drift lower, dragging the US Dollar (USD) lower due to its positive correlation, as elevated energy prices exert pressure on inflati…
Euro gives back half of its gain on US-Iran diplomacy
About half of the Euro's climb on a weaker Dollar has already gone. EUR/USD rose from a session low just above 1.1150 to just under 1.1250, its highest since October 22, before falling back to just un…
Pound reaches its highest since mid-September on Iran talks
Crude Oil has fallen on hopes for a US-Iran deal, and the Dollar has fallen with it, which has put GBP/USD at its highest since mid-September. The pair climbed to just under 1.3450, then gave back abo…
Indonesian Rupiah: External headwinds and MSCI risks – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong retain a cautious stance on the Indonesian Rupiah (IDR), forecasting USD/IDR at 18100 by end-2026, peaking at 18200 in 1Q27 before easing to 17850 b…
Canadian dollar slips from six-week high as oil retreat offsets weaker U.S. dollar
August 7, 2026, 3:53 AM EDT. SpaceX NASDAQ:SPCX is currently priced well below Wall Street’s highest target of $800, pointing to an 86% discount. The company has posted strong expansion, with Q2 reven…
EUR/USD Price Forecast: Euro struggles to find follow-through above 1.1200
The Euro (EUR) holds a positive tone against the US Dollar (USD) on Monday, favoured by positive Eurozone factory activity data and concerns about US elections. The EURUSD pair, however, is struggling…
Euro: Downside below 1.10 before 2H27 recovery against US Dollar – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong expect the US Dollar (USD) to stay broadly supported into 1H27, with EUR/USD potentially dipping below 1.10 as AI-related uncertainty and elevated e…
US Dollar: Strong view intact after FOMC hold – HSBC
HSBC’s FX Viewpoint, dated 2 November 2026, reviews the latest FOMC decision and its implications for the Dollar. The Federal Reserve kept rates at 3.75-4.00% but signalled that a December hike remain…
British Pound: Sterling supported by BoE tightening bets – ING
ING’s Chris Turner says Sterling is trading relatively well as markets fully price a 25bp Bank of England (BoE) rate hike to 4.00% on Thursday. He cites high energy prices, better United Kingdom (UK) …
Experts agree: US midterms and AI jitters might damage confidence in the US Dollar
The US Dollar (USD) has retraced most of its previous losses on Monday, but remains on the defensive with investors wary of holding large US Dollar longs ahead of the US midterm elections, while growi…