Independent coverage of UK markets, FCA policy and institutional trading
TD Securities' Macro Research team expects the European Central Bank (ECB) to continue a measured tightening cycle, delivering a final 25bp hike in December and taking the deposit rate to 2.75%, which…
Lee Hardman at MUFG reports the Pound is consolidating near year-to-date lows against the Dollar despite resilient UK growth, with Q1 and Q2 GDP both revised higher and BoE staff upgrading Q3 forecast…
USD/CAD declines 0.08% on Wednesday and trades around 1.4180 at the time of writing, after touching a daily low of 1.4155 in the wake of US inflation data. The pair recovered some losses as investors …
Societe Generale’s FX team reports USD/JPY trading between 156.38 and 157.52 overnight, with the pair mildly offered on dovish New York Federal Reserve President John Williams comments and fiscal half…
RaboResearch Global Economics & Markets’ FX Strategy team assesses EUR/GBP in light of UK politics, growth and monetary policy. They note the Pound’s recent support from stronger UK GDP, but expect GB…
DBS Group Research economist Eugene Leow assesses USD Rates ahead of the October FOMC meeting, noting investors see a near-even chance of a back-to-back Fed hike.
Gold (XAU/USD) trades modestly higher on Wednesday, consolidating the previous day’s gains after recovering from a seven-week low touched on Monday.
Deutsche Bank’s Early Morning Reid notes a mixed US Treasury session, with 10-year and 30-year yields holding or extending post-2000s highs while the 2-year falls.
The EUR/USD pair remains under some selling pressure for the third straight day and trades around the 1.1330 region during the Asian session on Wednesday, near its lowest level since May 2025, which i…
Rabobank’s day-ahead section highlights Australia’s August CPI as slightly softer, with headline inflation at 0.4% m/m and 4.0% y/y, and trimmed mean at 0.2% m/m and 3.6% y/y. Earlier in Q3, the RBA d…
Deutsche Bank argues EUR/USD is likely to hold within its 1.13–1.20 yearly range rather than break lower, pushing back against consensus Dollar bullishness. The bank cites resilient global growth, pea…
Societe Generale’s Kenneth Broux warns that one defining September theme in EM has been a sharp unwind in carry trades, particularly in the Mexican Peso, which is down 6% on spot this month.
USD/IDR extends its losses for the second consecutive day, trading around 17,860 during Asian hours on Wednesday. The pair depreciates as the Indonesian Rupiah (IDR) gains strength, driven by improvin…
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 101.40 in the early European trading hours on Wednesday…
USD/JPY loses ground for the second successive day, trading around 157.10 during the Asian hours on Wednesday. The currency pair is moving sideways within a symmetrical triangle, which indicates a con…
The GBP/USD pair loses momentum to near 1.3225 during the early European trading hours on Wednesday. Surging US Treasury yields and the hawkish stance of the Federal Reserve (Fed) provide some support…
USD/CHF continues its winning streak for the sixth successive trading day, trading near its 16-month high of 0.8358 during Asian hours on Wednesday.
Gold (XAU/USD) edges lower during the Asian session on Wednesday, reversing part of the previous day's modest recovery gains from the $4,100 neighborhood, or the lowest level since August 5, touched e…
Gold price (XAU/USD) rebounds from an eight-week low to near $4,180 during the early Asian session on Wednesday. However, the potential upside for the precious metal might be limited as oil-driven inf…
Mediators are making a renewed push to advance an agreement between the United States (US) and Iran, the Financial Times reported on Tuesday. This move came after US President Donald Trump said he had…
The worst US consumer confidence reading since 2014 should have been enough to break the Dow Jones Industrial Average's September floor near 51,100, and the floor held for a third time. The Conference…
The case for another Bank of England (BoE) hike rests on energy prices, and on Thursday the government takes value-added tax (VAT) off household electricity bills. GBP/USD fell to 1.3200 on Tuesday, i…
The Aussie Dollar tumbled over 0.40% against the US Dollar on Tuesday, even though the Reserve Bank of Australia (RBA) raised rates to 4.60%, but a mild-dovish tilt by RBA Governor Bullock cleared the…
The EUR/USD pair declines to around 1.3335 during the early Asian trading hours on Wednesday. The Euro (EUR) softens against the US Dollar (USD) after European Central Bank (ECB) President Christine L…