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Finance
Gold (XAU/USD) extends gains on Thursday, moving further away from the year-to-date low of $3,870 touched last week. The metal attracts buyers as the US midterm election results fuel volatility across financial markets.…
Finance
MUFG’s Lee Hardman notes that the US Dollar (USD) has extended its post-US mid-term election decline, with the US Dollar Index (DXY) down and US yields softer as Brent Oil drops back towards its 200-day moving average. …
Finance
AUD/USD continues to consolidate above the 0.7000 level on Thursday, trading around 0.7010 at the time of writing, up a modest 0.04% on the day. The Australian Dollar (AUD) benefits from persistent weakness in the US Do…
Finance
The post-midterm dollar correction requires a worsening of USD rate differentials to turn into a downturn. But as oil prices fall, other central banks are facing similar or even larger dovish repricing than the Fed. Dat…
Finance
Antje Praefcke at Commerzbank reports that the Riksbank raised its policy rate from 1.75% to 2.00% as expected and remains in restrictive mode, but the statement weakens the case for a December hike. She sees the key de…
Finance
Societe Generale strategists highlight that GBP/USD has rebounded from the lower boundary of its multi‑month range and reclaimed its 200‑DMA, suggesting scope for further recovery. The bank sees resistance near 1.3555/1…
Finance
Oil prices are showing their sharpest weekly decline in months, as the landslide Democratic victory in the US midterm elections has boosted hopes of an end to the war against Iran. The US benchmark West Texas Intermedia…
Finance
The Indian Rupee (INR) extends its winning streak against the US Dollar (USD) for the sixth trading day on Thursday. The USD/INR pair falls to a two-month low of 94.32 as the US Dollar faces significant selling pressure…
Finance
USD/CHF extends its losses for the second consecutive day, trading around 0.8140 during Asian hours on Thursday. The pair depreciates as the US Dollar declines following a Democratic sweep in the US midterm elections, w…
Finance
The GBP/USD pair trades in positive territory near 1.3490 during the early European trading hours on Thursday. The US Dollar (USD) softens against the British Pound (GBP) after the Democrats take control of the US Congr…
Finance
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight that EUR/USD rallied to 1.1272 before closing at 1.1227 as the US Dollar (USD) weakened on lower US yields. They see the pair in a short-term range b…
Finance
The Japanese Yen (JPY) trades higher against the US Dollar (USD) on Thursday. In the European trade, the USD/JPY pair is down 0.3% to near 157.90. The pair faces selling pressure as the US Dollar underperforms due to fe…
Finance
USD/IDR remains subdued for the second successive day, trading around 18,110 during Asian hours Thursday. The Indonesian Rupiah (IDR) holds gains against the US Dollar (USD) following the release of Gross Domestic Produ…
Finance
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Finance
Nov 4 (Reuters) - Online travel firm Expedia Group forecast fourth-quarter revenue largely below Wall Street expectations, as the industry struggles with the Middle East conflict and unrest in Europe, sending its shares…
Finance
The Democratic blue sweep in the US midterm elections weighed on the US Dollar and boosted the Australian Dollar, which has bounced from a 12-day low of 0.6954 and reclaimed 0.7000, gaining over 0.59% at the time of wri…
Finance
UOB economist Ho Woei Chen reports that Hong Kong’s Gross Domestic Product (GDP) growth accelerated sharply in 3Q26, driven by strong goods exports and investment. Chen highlights support from the semiconductors and AI …
Finance
Scotiabank’s FX strategists note the Pound rising about 0.4% intraday against the US Dollar, with UK PMI revisions having little impact. Market focus shifts to the Bank of England decision, where a 25bp hike is largely …
Finance
On Wednesday, Emmanuel Moulin, the Governor of the Banque de France and a Governing Council member of the European Central Bank (ECB), said that “banks can deal with rising rates.”
Finance
MUFG notes that the People's Bank of China (PBoC) raised the FX reserve requirement ratio to 6% from 4% after USD/CNY moved toward 6.65, effective 15 November. The measure is seen as locking up about USD24 billion in FX…
Finance
MUFG highlights that South Korea’s inflation data show easing headline Consumer Price Index (CPI) but sticky core inflation at 2.8% year-on-year, above consensus. Combined with strong growth and a semiconductor export b…
Finance
Commerzbank analysts note Singapore’s October manufacturing PMI eased slightly but stayed in expansion for a 15th month, with electronics supported by AI-related demand. They argue this points to resilient Q4 manufactur…
Finance
NZD/USD rebounds on Wednesday, trading around 0.5620, up 0.19% on the day at the time of writing. The New Zealand Dollar (NZD) benefits from a broad weakening of the US Dollar (USD) following the US midterm elections, a…
Finance
Rabobank’s RaboResearch team, including Molly Schwartz and Christian Lawrence, expects Banxico to keep its overnight rate at 6.50% on November 5 and through 2027, even as the Federal Reserve is seen hiking. They highlig…