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.
FX Desk
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…
Fed’s Logan calls for two more rate hikes; pause won’t alter path
On Friday, the Dallas Federal Reserve President Lorie Logan said that “at least two more quarter-point rate hikes” are needed. She added that skipping a hike “doesn’t change policy destination,” and t…
Japanese Yen holds firm after BoJ’s hawkish hold
USD/JPY holds trades on the back foot heading into the weekend as the Japanese Yen (JPY) outperforms most major currencies following the Bank of Japan’s (BoJ) hawkish hold. However, the pair has recou…
Why Deutsche Bank says the AI dollar is here
Deutsche Bank Capital Markets Outlook 2026: Artificial Intelligence as a growth engine in a world of risks
Forecasting the upcoming week: US midterm elections, Payrolls and BoE in the spotlight
The US Dollar (USD) regained the smile this week, reversing two consecutive pullbacks and trading close to its key 200-week SMA. The Greenback’s recovery has followed the persistent rise in crude Oil …
Thai Baht: BoT cautious on normalisation, downside persists – Commerzbank
Commerzbank’s Charlie Lay reports that the Bank of Thailand kept its policy rate at 1.00%, with the MPC maintaining a hold but signalling a less dovish stance. Authorities highlight financial stabilit…
Nasdaq tumbles at open as Amazon, Intel add to AI spending woes
Tech stocks plunged Friday morning, putting the Nasdaq 100 index on course for a more than $1 trillion drop when the opening bell rings at 9:30 am ET in New York.
Australian Dollar nudges higher on renewed RBA tightening bets after hotter inflation
AUD/USD edges slightly higher on Friday, gaining 0.08% on the day to trade around 0.7035 at the time of writing. The Australian Dollar (AUD) benefits from growing expectations of an interest rate hike…
Euro: Supported by limited policy divergence against US Dollar – BBH
Brown Brothers Harriman’s Elias Haddad reports EUR/USD has rebounded above 1.1200 after the ECB paused while pushing back against aggressive market tightening expectations.
US Dollar Index struggles as tech sell-off overshadows hawkish Fed
The US Dollar Index (DXY) loses ground for a third straight day on Friday as a sell-off in technology stocks drives investors toward government bonds, pushing Treasury yields lower and weighing on the…
Germany annual CPI inflation softens to 2.8% in October
Inflation in Germany, as measured by the change in the Consumer Price Index, declined to 2.8% (preliminary) in October from 3.3% in September, Germany's Destatis reported on Friday.
Bank of England: Gradual hiking path – Rabobank
Rabobank strategist Stefan Koopman expects the Bank of England’s (BoE) Monetary Policy Committee (MPC) to raise Bank Rate to 4.00% in November 2026 in a 7-2 split, followed by another 25bp hike to 4.2…
Swiss Franc trims against US Dollar as high Oil prices erode its safe-haven status
The Swiss Franc (CHF) is giving away gains against the US Dollar (USD) on Friday, weighed by concerns about the Swiss economy's exposure to the higher Oil prices.
Japanese Yen: Weakness against US Dollar to persist despite hawkish BoJ – ING
ING’s Chris Turner reports that the Bank of Japan (BoJ) left rates at 1.25% while acknowledging its 2% inflation target has been met and highlighting upside price risks from energy, AI demand and a we…
FX Daily: These Quirky Midterms Are Coming Into View
The US macro backdrop is still too firm to make a clean additional 250 -300 pips + bearish dollar call. Third-quarter growth came in at 3.4%, core PCE remains sticky and the Fed has done nothing to su…
Gold sinks to fresh yearly lows despite risk-off mood as Fed rate hike bets weigh
Gold (XAU/USD) slips to fresh year-to-date lows on Friday. The metal struggles despite a risk-off mood across markets, as expectations of further Federal Reserve (Fed) interest rate hikes continue to …
NZD/USD Price Forecast: Likely recover further to near 20-day EMA
The New Zealand Dollar (NZD) extends its recovery to near 0.5640 against the US Dollar (USD) during the European trade on Friday.
FX Outlook: Time to Think About the Midterms?
With a divided Congress potentially blocking Trump's US$1.5 trillion defence agenda, the implications for drone makers, chip manufacturers, cybersecurity, and satellite companies could be profound. Re…
Bank of Japan Hits 2% Price Target
Bank of Japan Governor Kazuo Ueda, center, and other policy board members attend the Monetary Policy Meeting in Tokyo’s Chuo Ward on Oct. 30. (Pool)
Selling the map, not the chips: How Gartner is cashing in on AI
The semiconductor industry is navigating a high-stakes paradox in 2026. While soaring artificial intelligence-driven demand is pushing revenues to unprecedented levels, this boom has its risks. The in…
Gold approaches monthly low, seems vulnerable below $4,000 amid Fed rate hike bets
Gold (XAU/USD) remains under heavy selling pressure for the second straight day, trading below the $4,000 psychological mark heading into Friday’s European session amid hawkish US Federal Reserve (Fed…
Asian currencies mixed as yen steadies after BOJ hold, dollar weakens
The weakness of the Japanese currency is back in the spotlight after sinking to its lowest level since April 1990.