Independent coverage of UK markets, FCA policy and institutional trading
Four weeks of selling have taken NZD/USD from just under 0.6000 to its lowest since early July. On Tuesday the pair dipped under 0.5700, then climbed back into the 0.5700 to 0.5800 range it has traded…
The Aussie Dollar is poised to end Tuesday’s session unchanged versus the Greenback amid renewed hopes for an end of the Middle East conflict, while Federal Reserve officials struck a hawkish tone in …
OCBC strategists Sim Moh Siong and Christopher Wong note that the Renminbi (RMB) has extended gains, with USD/CNY breaking below 6.70 as the People's Bank of China (PBoC) strengthened the fix for nine…
1.3400 has capped GBP/USD in every session since the Fed raised rates on September 16. The pair went through that level on the day of the decision and has failed to get back above it four times since.…
Cheaper Crude Oil should help the Yen, since Japan buys almost all of its Crude Oil abroad, and on Tuesday it helped only briefly. USD/JPY dropped close to 157.00 after reports that Iran has offered t…
US President Donald Trump is figuring out a solution to end the war between Russia and Ukraine, after meeting with Ukrainian President Volodymyr Zelenskyy. Furthermore, he added that Russian President…
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann expect USD/CNH to edge lower intraday but stay confined to a narrow 6.6890–6.6960 range, with a clear break below 6.6890 seen as u…
West Texas Intermediate (WTI) Oil extends its decline on Tuesday as traders assess fresh Middle East developments, keeping energy prices under pressure for a fifth straight day. At the time of writing…
MUFG’s Michael Wan notes that improved risk sentiment and AI optimism around Meta’s Muse supported a slightly stronger Dollar and stable DM yields. He argues that Asia FX and rates could benefit from …
The Dollar Index trades near 100.70, its highest level since late July. It has climbed through five straight sessions of falling Crude Oil, the opposite of how the war has moved it for most of this ye…
The US Dollar (USD) has extended its recovery on Tuesday, climbing to new multi-week highs on the back of steady bets for extra Fed tightening, while increasing hopes of a potential deal to unlock the…
OCBC strategists Sim Moh Siong and Christopher Wong report that the Korean Won (KRW) strengthened alongside gains in tech equities, lower Oil prices and strong export data, including a surge in semico…
ING’s Francesco Pesole notes the Dollar started the week strongly despite lower Oil prices and firmer global equities, helped by hawkish remarks from Federal Reserve officials Austan Goolsbee and Albe…
Brown Brothers Harriman’s (BBH) Elias Haddad highlights that GBP/USD remains under 1.3400 as United Kingdom (UK) fiscal policy turns more restrictive. Rising borrowing has eroded fiscal headroom, pres…
Standard Chartered’s Nicholas Chia now expects the Reserve Bank of Australia (RBA) to raise the cash rate to 4.60% at its 29 September meeting, revising a previous call for a hold. Chia cites recent R…
AUD/USD trims part of its earlier losses on Tuesday as traders assess fresh diplomatic signals surrounding the war between the United States (US) and Iran, weighing on the US Dollar (USD). Meanwhile, …
OCBC strategists Sim Moh Siong and Christopher Wong argue that intervention risks and a more hawkish Bank of Japan (BoJ) are key for the Japanese Yen (JPY). They see faster BoJ policy tightening gradu…
Transport and logistics companies are grappling with rising costs and supply chain disruption. Meanwhile, a growing trade imbalance with China is creating new challenges across Europe's logistics netw…
John Velis at BNY Markets argues that current US inflation is being driven by non-rate-sensitive components of core PCE, limiting how effective further Federal Reserve tightening can be. He expects on…
Deutsche Bank Research’s UK economists Sanjay Raja and Maui Brennan have shifted their BoE base case from no hikes to two 25bp moves, in November and February. They argue Bank Rate is already restrict…
The British Pound (GBP) is giving back earlier gains against the US Dollar (USD) on Tuesday as data from the UK revealed that public sector borrowing increased beyond expectations in August, rekindlin…
Gold (XAU/USD) consolidates on Tuesday as traders weigh fresh Middle East headlines while the broader geopolitical backdrop remains tense. At the time of writing, XAU/USD trades around $4,334 after re…
The USD/CAD pair extends its consolidative price move through the early European session on Tuesday, trading below 1.4050, or the highest since August 6, amid mixed fundamental cues.
Financial markets adopt a cautious stance early Tuesday amid mounting geopolitical uncertainty. The European economic calendar will feature preliminary Consumer Confidence Index data for September. Me…