Wall Street opens higher, rebounding after last week’s rout in AI trade
Australia’s share market recorded slight gains by the close on Friday despite a massive sell-off in Wall Street technology shares.
FX Desk
New Zealand Dollar: RBNZ surprise and growth headwinds – Rabobank
Rabobank's Senior FX Strategist Jane Foley notes that the Reserve Bank of New Zealand's (RBNZ) unexpected decision to keep rates unchanged surprised markets positioned for a hike. The central bank hig…
Treasuries steady as traders weigh midterm vote and AI trade
It's a calmer start to the new week/month as we get November trading underway. After the bloodbath on Wall Street at the end of last week, we are seeing a steadier mood today but one that looks to be …
Euro area: French bond stress tests ECB intervention limits - Societe Generale
Societe Generale's Anatoli Annenkov expects French fiscal uncertainty to sustain bond-market volatility beyond the 2027 elections. He explains why ECB intervention remains unlikely for now and how TPI…
Gold finds relief from Oil’s decline as traders await key US economic data
Gold (XAU/USD) extends its recovery during American trading hours on Monday, supported by falling Oil prices following positive headlines on US-Iran talks. The metal regains ground after hitting a fre…
Adnoc signs AI deal with OpenAI as Sam Altman visits Abu Dhabi
Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Abu Dhabi's Crown Prince and Abu Dhabi Executive Council's Chairman, met OpenAI CEO Sam Altman in the capital to discuss opportunities to strengthen coop…
US Dollar Holds Gains Into Midterms
Bar chart comparing favorability ratings of the Democratic Party, Republican Party, and President Trump. President Trump has the highest rating at 38.8%, followed by the Democratic Party at 38.3%, whi…
Asian currencies mixed as yuan holds near four-year high, dollar steadies
Chinese authorities have done well to keep USD/CNY under control in 2025. We expect the same again for 2026. Asian high-yielders have had a bad year, but if one of them is to recover, we would expect …
Euro strengthens above 1.1150 as Eurozone GDP beats forecasts, US midterm election looms
The EUR/USD pair gathers strength to near 1.1175 during the early European trading hours on Monday. The Euro (EUR) edges higher against the US Dollar (USD) as the Eurozone and German Gross Domestic Pr…
Gold struggles to build on recovery from YTD low beyond $3,900 as Fed hike bets cap gains
Gold (XAU/USD) clings to modest intraday gains above the $3,900 mark heading into Monday’s European session, albeit it lacks follow-through buying amid mixed fundamental cues. The US Dollar (USD) attr…
USD/JPY Price Forecast: Japanese Yen underperforms despite multiple tailwinds
The Japanese Yen (JPY) is down against its major currency peers, except antipodeans, at the start of the week. In the early European trade, the US Dollar (USD) is up 0.17% at around 157.77 against the…
Indian Rupee gains further as oil prices correct sharply
The Indian Rupee (INR) extends previous trading day’s gains against the US Dollar (USD) on Monday on the back of a sharp correction in oil prices. As of writing, the USD/INR pair is down 0.23% to near…
GBP/USD Price Forecast: Sticks to bullish near 1.3400 ahead of BoE decision on Wednesday
The GBP/USD pair attracts some dip-buyers at the start of a new week and climbs back to the 1.3400 mark during the Asian session, stalling its modest pullback from the highest level since September 16…
Gold rebounds to near $3,900 despite inflation worries
Gold price (XAU/USD) recovers some lost ground to near $3,895 during the early Asian trading hours on Monday. The precious metal edges higher after falling to its lowest level of $3,870 in the previou…
WTI drops to near $101.00 amid OPEC+ quotas, Middle East diplomacy
West Texas Intermediate (WTI) oil price depreciates after three days of gains, trading around $101.20 per barrel during Asian hours on Monday. Oil prices declined as the Organization of Petroleum Expo…
Australian Dollar softens below 0.7050 on risk-off mood, China's Manufacturing PMI data looms
The AUD/USD pair declines to around 0.7025 during the early Asian session on Monday. The US Dollar (USD) strengthens against the Australian Dollar (AUD) amid elevated geopolitical tensions in the Midd…
China's NBS Manufacturing PMI falls to 49.3 in October, Non-Manufacturing PMI eases to 49.7
China’s Manufacturing Purchasing Managers' Index (PMI) dropped to 49.3 in October, compared to 50.1 in the previous reading, China’s National Bureau of Statistics (NBS) reported on Saturday. The readi…
Japan’s Katayama says joint FX statement with US persists, will act against disorderly moves
Japanese Finance Minister (FM) Satsuki Katayama said on Monday that the Joint FX statement with the United States (US) persists and the government will act against disorderly moves.
Middle East War updates: Iran warns of expanded strikes against US despite progress in talks
Here’s a brief recap of the key developments in the Middle East war that occurred over the weekend, which are expected to have a significant impact on markets in the upcoming week.
Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.84%
RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Sunday, losing 83.22 points, or 0.84 percent, to close at 9,838.28.
Gold breaks $3,886 floor to new YTD low as Fed hawks press on
Gold (XAU/USD) tanked to a new year-to-date (YTD) low of $3,880 on Friday, clearing the $3,900 threshold for the first time since October of last year. The Greenback and US Treasury yields edged highe…
U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.09%
U.S. stock futures traded lower overnight late Thursday after disappointing earnings from Intel Corp. (INTC) and Amazon.com Inc. (AMZN) dragged markets down.
Vietnam: Strong growth complicates inflation fight – DBS
DBS Group Research anticipates Vietnam’s October 2026 exports and retail sales to stay robust, while headline inflation hovers around 5%, above the 4.5% target. Strong electronics shipments, firm hous…
Chinese Yuan: Uptrend extends toward 6.6450 against US Dollar – UOB
United Overseas Bank strategists Quek Ser Leang and Lee Sue maintain a negative stance on USD/CNH, noting that the pair has been edging lower and remains under downward pressure. Short-term projection…