The Mexican Peso (MXN) loses ground against the US Dollar (USD) on Tuesday amid ongoing developments in the US mid-term elections, with investors turning cautious as they await the results and the composition of the US …
Gains in chip stocks have lifted the Nasdaq Composite and S&P 500 on Tuesday after three losing sessions, while the Dow Jones Industrial Average is moving the other way. It has given back all of Monday's gain and is tra…
Commerzbank’s commodity team highlights disappointing Chilean Copper output, leaving third‑quarter production at a two‑decade low. Cochilco now forecasts an 8.4% slump in 2026 output and only a modest 3% recovery in 202…
Scotiabank analysts highlight the Pound trading steady against a mixed Dollar ahead of key risk events, including US midterms, UK PMI data, and the BoE decision.
Scotiabank’s FX team reports the Euro slightly lower versus the Dollar, as ECB officials keep a hawkish stance with December tightening still priced. Despite softer Oil, European energy concerns persist.
USD/JPY traded at 157.85 on Monday, November 2, up 0.18% from the previous session’s close near 157.56. The pair spent the European and early U.S. sessions inside a narrow band between 157.64 and 157.91, holding most of…
USD/JPY edges higher on Tuesday as the Japanese Yen (JPY) underperforms its major peers, while stronger-than-expected US economic data lift the US Dollar (USD). Traders also monitor the US midterm elections and US-Iran …
The Pound Sterling (GBP) steadies against the US Dollar (USD), up a modest 0.10% on Tuesday, as investors await the results of the US midterm elections. US factory data and a stronger-than-expected US JOLTS report boost…
EUR/USD trades little changed on Tuesday amid a cautious market mood as traders watch the US midterm elections. US-Iran developments also remain in focus. At the time of writing, the pair trades around 1.1180, down 0.10…
Commerzbank’s Carsten Fritsch notes Silver has dropped to USD 48.6 per troy ounce, a 12‑month low, and is underperforming Gold as the gold/silver ratio reaches 80. He sees no Silver-specific trigger, citing tech-stock a…
ING strategists Warren Patterson and Ewa Manthey note a sharp correction in Brent, with ICE Brent dropping 7.6% and falling back below $105/bbl as hopes for US-Iran talks grow ahead of US midterm elections. They highlig…
BNP Paribas analyzes how the rising cost of living has become central to US Midterms, despite solid growth and low unemployment. The report argues that inflation, weaker wage dynamics and housing pressures are eroding h…
Commerzbank’s Carsten Fritsch notes that the Gold price dropped 3.7% on Friday to USD 3,870 per troy ounce, extending October’s loss to almost 7%. He links the sell-off to forced liquidation by investors as equities cor…
Gold (XAU/USD) returns to negative territory on Tuesday as volatile Oil prices continue to shape price action. At the time of writing, XAU/USD trades around $3,933, down 0.31% on the day, but above its intraday low of $…
Norman Liebke at Commerzbank notes that the Reserve Bank of Australia (RBA) raised rates to 4.85%, but the Australian Dollar fell as markets saw the move as dovish. With growth and labour forecasts softening and inflati…
Societe Generale strategists note EUR/CHF has broken a short-term uptrend and failed to hold its 200-day moving average, reinforcing downside momentum. The cross is drifting toward the May low near 0.9095, identified as…
The Australian Dollar (AUD) underperforms its major currency peers on Tuesday, trading 0.45% lower to near 0.6965 against the US Dollar (USD) during the European trading session.
We don’t expect today’s US midterm results to cause structural shifts in FX, but the dollar may face some short-term pressure should the Democrats secure both the House (widely expected) and the Senate (close call). Els…
EUR/CAD depreciates after registering gains the previous day, trading around 1.5620 during European hours on Tuesday. The currency cross is facing challenges as the Canadian Dollar (CAD) receives strong support from ris…
Francesco Pesole at ING notes EUR/USD is trying to establish support around 1.1200 after a strong start to the week. A Democratic sweep could offer some help, but he does not foresee major sentiment changes. Persistent …
The Indian Rupee (INR) extends its winning streak against the US Dollar (USD) for the third trading day on Tuesday. As of writing, the USD/INR pair is down 0.15% to near 94.75.
The GBP/USD pair trades on a flat note near 1.3405 during the early European trading hours on Tuesday. Traders prefer to wait on the sidelines ahead of the key events later this week, including the US midterm elections,…
EUR/JPY inches lower after posting modest gains in the previous day, trading around 176.70 during Asian hours on Tuesday. The technical analysis of the daily chart suggests that the currency cross is remaining within a …
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts some dip-buyers during the Asian session on Tuesday, reversing a part of the previous day's heavy losses to the $94.30 area, or an over two-wee…