Independent coverage of UK markets, FCA policy and institutional trading
The Indian Rupee (INR) opens on a cautious note against the US Dollar (USD) on Tuesday. The USD/INR pair rises further to near 95.40 as surging oil prices due to escalating fears of a prolonged global…
Cleveland Fed President Beth Hammack crossed the wires on Monday and was hawkish, noting that the current rate is not “meaningfully restricting the economy” and that there is a need for some number of…
Gold (XAU/USD) retreats from its highest level since June 5, touched earlier this Tuesday, and slides back below the $4,400 mark heading into the European session. Despite Friday's weak US Nonfarm Pay…
The Yen has surrendered close to a full percent through the session, with the pair up 0.93% and changing hands just above 159.00 after a 120-pip range running from the 158.00 handle to short of 159.50…
Cable has spent the session inside a band of barely 45 pips straddling 1.3500, up 0.13% and holding its best ground since mid-July. The floor sits fractionally beneath the handle and the ceiling short…
Reserve Bank of Australia (RBA) Governor Michele Bullock is speaking at the press conference, explaining the reasons behind leaving the benchmark interest rate unchanged at 4.35% after the August mone…
The Australian Dollar has traded a band of barely 20 pips through the session, holding above 0.7050 and easing 0.15% inside it. That is the tightest daily range the pair has produced in weeks, and it …
There are also key regulatory changes expected in relation to market integrity and data, buy-side and retail topics, and digitalisation and DLT. In this article, we explore the upcoming milestones for…
US Treasury yields rose on Monday as traders braced for the release of US inflation figures this week, following a worse-than-expected Nonfarm Payrolls report last Friday. Headlines that read “Iran ru…
The Indian Rupee (INR) snaps a five-day losing streak against the US Dollar (USD) on Thursday. The USD/INR pair retraces to near 91.80 as the Reserve Bank of India (RBI) has intervened in the foreign …
The Euro is poised to end Monday’s session with losses of about 0.13% against the Greenback, as recent news points to a delay in talks between the US and Iran, while, from a technical perspective, EUR…
The New Zealand Dollar (NZD) trades near 0.5900 against the US Dollar (USD) on Monday, giving back a little ground after a run toward multi-day highs last week. The Kiwi could not sustain the recent u…
USD/JPY advances 0.73% on Monday and trades around 158.95 at the time of writing. The Japanese Yen (JPY) underperforms against the US Dollar (USD), pressured by Japan’s unexpected current account defi…
Citi Mexico released the Expectations Survey on Monday, in which the central bank polled 35 economists to gather their forecasts for monetary policy, the USD/MXN exchange Rate, inflation expectations,…
Nordea economist Jan Størup Nielsen notes that Danish inflation eased slightly in July, with headline consumer prices up 1.7% year-over-year and core inflation steady at 2.3%.
The Dow Jones Industrial Average trades near 54,000 on Monday, lower by a tenth of a percent inside a range of barely 200 points, the narrowest daily bar in weeks. Every price of the session sits insi…
USD/CAD trades on the back foot on Monday even as the US Dollar (USD) regains some ground after weakening last week following softer-than-expected US Nonfarm Payrolls (NFP) data. Attention now turns t…
HSBC Asset Management notes that Emerging Market local-currency bonds have delivered strong returns over the past four years, supported by credible policies and attractive real yields, but year-to-dat…
The Canadian Dollar trades at its strongest against the US Dollar since the second week of June, with the rate holding just above 1.3900 into the afternoon. This is a fourth consecutive lower session …
The Pound Sterling (GBP) advances during the North American session on Monday, up 0.2% as markets digest developments in the Middle East and await crucial inflation data in the United States (US). The…
Rabobank's Senior FX Strategist Jane Foley notes Eurozone Q2 Gross Domestic Product (GDP) and Purchasing Managers' Index (PMI) data surprised to the upside, suggesting resilience despite higher energy…
U.S. Treasury yields paused on Monday after a payroll-fueled rally last week, while German Bunds held steady as investors awaited key eurozone data due later in the session.
Societe Generale strategists highlight that EUR/USD has squeezed above key resistance as Dollar weakness follows softer United States (US) employment data and reduced odds of a September Fed hike. The…
Deutsche Bank strategists highlight that negotiations between Iran and Oman over a new shipping framework through the Strait of Hormuz remain finely balanced, with Tehran linking any lasting arrangeme…