China’s central bank boosts gold reserves by most since 2023
Various industry analysts estimate that the acquisitions made by the Asian giant are far greater than those officially declared
FX Desk
Iran's warns economic warfare will be met by maritime exclusion zone
Secretary of Iran's Supreme National Security Council, Mohsen Rezaei, warned on Tuesday that Tehran would respond to what it calls US "economic warfare" by imposing a maritime exclusion zone across th…
Canadian Dollar gains as US Dollar struggles despite rising Fed rate hike bets
USD/CAD extends its losses for the second successive day, trading around 1.3800 during the Asian hours on Tuesday. Analysts at HSBC caution that, despite the recent improvement in sentiment around the…
China’s August Trade Balance: Surplus widens to $119.09 billion as expected
China's Trade Balance for August, in US Dollar (USD) terms, arrives at $119.09 billion, almost in line with $119.1 billion estimates, but higher than the July reading of $112.5 billion.
Japanese Yen rallies to February 18 high as upbeat wage data and GDP lift BoJ hike bets
The USD/JPY pair declines for the second straight day – also marking the fourth day of a fall in the previous five – and sinks to its lowest level since February 18, around mid-153.00s during the Asia…
Indonesian Rupiah: Oil and US inflation pose risks – MUFG
MUFG’s Lloyd Chan warns that upcoming US inflation data could test the recent Rupiah recovery, as firmer US inflation may reinforce elevated US yields and challenge USD/IDR’s break below 17,700. He no…
British Pound drifts higher to near 1.3550 on UK fiscal discipline pledges
The GBP/USD pair gains ground to near 1.3545 during the Asian trading hours on Tuesday. The British Pound (GBP) edges higher against the US Dollar (USD) after UK Chancellor John Healey unveiled a seri…
Gold bulls flinch as NFP puts Fed hawks back in the driver’s seat
Gold (XAU/USD) price dives over 0.40% on Monday following last Friday’s US jobs report, which ignited speculation that the Federal Reserve (Fed) might resume its tightening cycle if inflation reaccele…
Pound Sterling's rate advantage buys it no say this week
GBP/USD holds just under 1.3550 after a Monday that covered 42 pips with American desks shut for Labor Day. The week that follows is not that. Pound Sterling carries the higher policy rate of the two,…
Vietnam: Inflation and trade trends shape VND – Commerzbank
Commerzbank’s Vietnam update highlights rising inflation and a narrowing trade deficit, with strong manufacturing-led imports and resilient exports. The bank notes elevated CPI and external deficits l…
Asia FX: Stronger Dollar and Oil weigh on CNY and peers – BNY
BNY’s Geoff Yu highlights that a stronger US Dollar (USD), higher Oil prices and rising global yields are pressuring Asian currencies and assets. Chinese Yuan (CNY) remains relatively resilient but is…
A German landslide moved the Euro by nothing at all
EUR/USD holds above 1.1600, seven pips above where Monday opened. The pair has had three chances to move over four sessions and has taken none of them. Both central banks are priced to raise rates thi…
Equities: AI-led upside and income focus – HSBC
HSBC’s Willem Sels highlights that accelerating AI adoption, resilient growth and broadening earnings are supporting global equities into Q4 2026. The bank has recently added exposure to global stocks…
Bank of Canada: Rates outlook and inflation risks – TD Securities
TD Securities economists Robert Both and Emma Lawrence highlight that the Bank of Canada adopted a more hawkish tone, emphasizing upside inflation risks even as core inflation stays subdued. They expe…
United Kingdom: Growth pace cools after hot start – Deutsche Bank
Deutsche Bank economists Sanjay Raja and Maui Brennan expect United Kingdom (UK) Gross Domestic Product (GDP) to have slipped slightly in July after strong growth earlier in 2026. They forecast a mode…
Japanese Yen hits six-and-a-half-month high on hawkish BoJ bets
USD/JPY extends its steep decline on Monday as the Japanese Yen (JPY) rallies against the US Dollar (USD), supported by hawkish Bank of Japan (BoJ) expectations, capital repatriation and the unwinding…
Gold: Bull market conviction broadens – Societe Generale
Societe Generale analysts Michael Haigh and Jeremy Sellem describe a broad-based Gold bull market in 2026, driven by ETFs, futures and options positioning. They highlight strong physical ETF inflows, …
US Dollar: CPI outcome to steer Fed path – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes the US Dollar (USD) weakened on broad Japanese Yen strength before partially recovering as strong US August payrolls revived expectations for a Septe…
Eurozone: Resilient growth, worrying inflation – ABN AMRO
ABN AMRO economists Bill Diviney and Jan-Paul van de Kerke expect Eurozone growth to remain resilient despite a renewed energy shock, supported by German fiscal spending and solid underlying activity.…
Japanese Yen: September BoJ decision shapes path – HSBC
HSBC highlights that markets now expect the Bank of Japan (BoJ) to tighten policy more quickly, with overnight index swaps implying about 75bp of cumulative hikes by April 2027 and assigning odds to a…
Gold bears retain control as Fed hike bets and Oil-driven inflation weigh
Gold (XAU/USD) trades with a modest downside bias during American trading hours on Monday. A softer US Dollar (USD) limits the decline and helps the metal recover part of its earlier losses. At the ti…
Brent: Supply risks support prices – Danske Bank
Danske Bank’s Danske Research Team notes Brent crude trading near USD 97 as renewed US-Iran strikes around the Strait of Hormuz raise concerns over prolonged disruptions to Middle East energy flows. T…
Sterling today: Pound edges up as dollar stays soft on Fed rate-hike bets
GBP/USD remains subdued for the second successive day, trading around 1.3590 during the European hours on Thursday. The pair depreciates as the US Dollar (USD) remains stronger following the robust ec…
WTI struggles to hold above $90 despite material supply risks
West Texas Intermediate (WTI), futures on NYMEX, turns upside down to near $89.50 during the European trading session on Monday. The oil price continues to face selling pressure above the $90 mark eve…