Deutsche Bank’s Henry Allen and colleagues note that the S&P 500 has retreated to a six‑week low as higher Oil prices and stagflation fears weigh on risk assets. They highlight that markets now price a 94% probability o…
EUR/CAD extends its gains for the second consecutive day, trading around 1.6090 during European hours on Wednesday. Traders are closely watching the European economic calendar, as the seasonally adjusted Eurozone Indust…
The Pound to Euro exchange rate (GBP/EUR) firmed on Monday as markets turned positive ahead of Trump’s meeting with Zelensky.
Wednesday is decision day at the Federal Reserve, the culmination of an intense two-day meeting and a debate that’s been running for six weeks since the June meeting. It boils down to one question: inflation is too high…
The Indian Rupee (INR) holds onto over-a-week long losses against the US Dollar (USD) on Wednesday. The USD/INR pair trades firmly near its seven-week high at around 96.00, as the Indian currency remains under pressure …
NZD/USD extends its losses for the third consecutive day, trading around 0.5750 during Asian hours on Wednesday. The currency pair faces downward pressure primarily due to a weakening New Zealand Dollar (NZD) following …
The AUD/USD pair declines to around 0.7120 during Asian trading hours on Wednesday. Expectations of a US interest rate hike provide some support to the US Dollar (USD) and act as a headwind for the pair. Traders brace f…
The People’s Bank of China (PBOC) Governor Pan Gongsheng said on Wednesday that the Chinese central bank will rely less on loan growth targets and more on interest rate tools to guide policy.
Silver (XAG/USD) struggles to capitalize on the previous day's modest gains and fails to break above the $64.00 round figure during the Asian session on Wednesday. Traders now seem hesitant and opt to wait for the highl…
EUR/JPY gains ground for the third successive day, trading around 179.10 during Asian hours on Wednesday. Technical analysis of the daily chart shows the currency cross trading within a descending channel, keeping the o…
The United Kingdom (UK) Office for National Statistics (ONS) will publish the highly anticipated Consumer Price Index (CPI) data for August on Wednesday at 06:00 GMT.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is continuing its winning streak for the sixth consecutive day and trading around 99.70 during Asian hours on Wedn…
The EUR/USD pair sticks to a negative bias for the fifth straight day and trades around the 1.1535-1.1530 area during the Asian session on Wednesday. Spot prices remain close to a one-month trough, touched on Monday, as…
USD/JPY climbed to 155.09 on Tuesday afternoon, up 74 pips or 0.48% on the session, extending a rebound from the seven-month yen high of 153.40 printed last Thursday. The pair traded at 155.17 early in the U.S. morning,…
Gold (XAU/USD) price holds firm on Tuesday, capped on the upside by solid resistance at the 100-day Simple Moving Average (SMA) at $4,328, while broad US Dollar strength and elevated US bond yields weighed on the non-yi…
The Mexican Peso (MXN) loses some ground against the US Dollar (USD) on Tuesday, with USD/MXN rising by over 0.09% amid a sour market mood and a stronger Greenback, ahead of the FOMC monetary policy decision on Wednesda…
Commerzbank analysts report that USD/IDR extended gains as investors assessed the appointment of Suahasil Nazara as Indonesia’s new Finance Minister, the third in under two years. While markets took some reassurance fro…
West Texas Intermediate (WTI) Crude Oil trades just above $100.00, up about 3% on the day. It is on track for a third straight weekly gain. Saudi Arabia shut its East-West pipeline on Friday, and until it reopens the pr…
Commerzbank’s Volkmar Baur notes that Chinese growth remains export-led as domestic demand stays soft, with investment and retail sales under pressure and car sales slumping. While a rising trade surplus supports the cu…
The US Dollar Index (DXY) gained to 99.60 mark on Tuesday, and the bond market drove the move. The 10-year United States (US) Treasury yield touched 5.04% for the first time since 2007, pulled higher by a near 4% jump i…
The Euro (EUR) extends its losses against the US Dollar (USD) on Tuesday, sliding below the 100-day Simple Moving Average (SMA) at 1.1555, opening the door to further downside, with sellers setting their sights on Monda…
USD/JPY trades near 155.20 on Tuesday, rising for a second straight day and pulling away from the roughly seven-month low it set last week. A firmer US Dollar (USD) is doing the work, helped by a sharp jump in Oil that …
Lockheed Martin (LMT -0.35%) posted Q1 earnings of $6.44 per share, missing estimates of $6.74, as heavy spending on production expansion and $1 billion in debt repayments weighed on results. Shares fell nearly 5% Thurs…
USD/JPY extends its rebound on Tuesday and trades around 155.00 at the time of writing, up 0.41% on the day. The pair continues its recovery from levels below 153.00 reached last week, mainly supported by broad-based st…