Independent coverage of UK markets, FCA policy and institutional trading
Christopher Wong at OCBC notes Gold has extended its decline to a seven-week low, pressured by higher Oil prices, firm US Treasury yields and a stronger Dollar. The break below $4,200 has intensified …
OCBC’s Christopher Wong reports USD/IDR briefly traded back towards 18,000 as higher Oil prices, elevated US Treasury yields and a firm Dollar weighed on the Indonesian Rupiah. Bank Indonesia has shif…
Iran's parliament speaker Mohammad Bagher Qalibaf says during the European trading session on Tuesday that no one in the region shall sell its oil if Iran cannot sell its oil, according to state media…
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its gains for the second successive day and trading around 101.20 during Asian hou…
The EUR/USD pair is seen consolidating around the 1.1365-1.1370 region during the Asian session on Tuesday and trading near its lowest level since July 28, touched the previous day. Traders now seem h…
The USD/JPY pair posts modest gains around 157.40 during the Asian trading hours on Tuesday. Traders remain on high alert for currency intervention after US Treasury Secretary Scott Bessent and Japan'…
Gold (XAU/USD) clings to modest recovery gains through the first half of the European session, albeit it lacks follow-through and remains below $4,150. Moreover, the bearish fundamental backdrop keeps…
EUR/JPY remains subdued for the third successive day, trading around 178.80 during Asian hours on Tuesday. Technical analysis of the daily chart shows that the currency cross remains confined within a…
The Reserve Bank of Australia (RBA) is widely expected to raise the Official Cash Rate (OCR) by 25 basis points (bps) to 4.60% from 4.35% on Tuesday, after keeping rates unchanged at its previous two …
The AUD/USD pair extends its consolidative price moves through the Asian session on Tuesday, trading just above the 0.7000 psychological mark, near the lowest level since August 4 ahead of the Reserve…
Japanese Finance Minister (FM) Satsuki Katayama said on Tuesday that she believes that undervalued Japanese Yen is problematic, while saying that she agreed with Treasury Secretary Scott Bessent to be…
A software bug at Boeing (BA) cost the Dow Jones Industrial Average (DJIA) more points than a record $150 billion buyback at Nvidia (NVDA) put back. The index closed just under 51,500 on Monday, handi…
EUR/CAD extends its gains for the third consecutive day, trading around 1.6110 during the European hours on Monday. The currency cross continues to appreciate as the Canadian Dollar (CAD) faces downwa…
US Treasury yields climb on Monday as energy prices remain high, amid US President Donald Trump's rejection of a peace agreement with Tehran. Also, investors are pricing in further tightening by the F…
The dollar starts the final week of September regaining ground against the yen. USD/JPY trades at 157.746, up 0.4985 or 0.32% on the session, after bouncing from a Monday low of 156.95. The pair print…
USD/JPY trades little changed around 157.25 on Monday as the US Dollar (USD) also holds steady near recent highs, with traders weighing Middle East developments and the risk of Japanese intervention.
Al Jazeera reported on Monday that US President Donald Trump is prepared to ease sanctions on Iran and to unfreeze its assets in exchange for progress on nuclear talks.
Gold (XAU/USD) begins the week on the back foot, tanking over 3.4% on Monday as US Treasury yields soar and Oil prices remain elevated despite falling from daily highs amid mixed news headlines about …
EUR/USD trades on the back foot on Monday, pressured by a stronger US Dollar (USD) as the US-Iran stalemate keeps Oil prices elevated, pushing US Treasury yields higher and strengthening expectations …
The Pound Sterling (GBP) registers modest gains of 0.18% on Monday even as US Treasury yields soar, with the US 10-year T-note rising over 10 basis points, underpinning the Greenback. At the time of w…
The US Dollar (USD) has stated the week with slight gains, resuming its recent uptrend and leaving behind Friday’s hiccup. In the meantime, further tightening by the Fed remains at the centre of almos…
Federal Reserve Governor Lisa Cook, in a speech in Oakland, California, said that the number and magnitude of future adjustments to the Fed funds rate would depend on inflation and labour market data.
President Donald Trump's rejection of Iran's seven-day plan for the Strait of Hormuz lifted Crude Oil to its best level since Thursday, and the whole rise was gone after a Saudi pipeline restart and a…
Rabobank highlights that GBP net short positions have risen over 40%, reaching their highest level since August. The Bank of England kept the Bank Rate unchanged at 3.75% on September 18, in line with…