Breaking news & trusted journalism for your community
Finance
The Australian Dollar finished Friday’s session with gains of over 0.22% and the week up by more than 1.20%, with the pair reclaiming the 0.7000 figure and poised to test a confluence of key resistance levels within the…
Finance
The Japanese Yen finished the week on a higher note as the USD/JPY pair registered losses of over 0.74% in the week, while holding firm daily amid a sour market mood. The pair trades at 156.85 as a ‘hammer candle patter…
Finance
Two days of Houthi attacks in Saudi Arabia and strikes on ships leaving the Strait of Hormuz have taken WTI above the $95.00-$101.00 band it held from Monday to Thursday. It has risen from near $98.50 to just under $103…
Finance
OCBC strategists Christopher Wong and Sim Moh Siong describe South Korean Won's (KRW) initial strength and subsequent retracement as broader risk aversion resurfaced.
Finance
Commerzbank’s Charlie Lay and Dr. Henry Hao highlight that the Bank of Korea (BoK) kept its policy rate at 3.00% after two prior hikes, but delivered a clearly hawkish message. Strong semiconductor exports underpin high…
Finance
Silver (XAG/USD) price downtrend extended on Friday, losing over 1% after hitting a new yearly low of $53.03, paving the way for sellers to challenge the $50.00 level in the foreseeable future. At the time of writing, X…
Finance
The Mexican Peso (MXN) appreciates about 0.30% on Friday against the US Dollar (USD), but it remains poised to end the week with losses of more than 1% even as risk appetite soured amid a potential escalation of the Mid…
Finance
OCBC strategists Christopher Wong and Sim Moh Siong note Philippine Peso (PHP) remains under pressure even after a larger-than-expected 50bp Bangko Sentral ng Pilipinas (BSP) hike to 5.50%, reflecting persistent inflati…
Finance
EUR/USD trades on the back foot on Friday as the US Dollar (USD) regains some ground alongside US Treasury yields following Thursday’s decline. France’s fiscal concerns add pressure on the Euro (EUR), while traders look…
Finance
Gold (XAU/USD) price prolongs its agony, tumbling by nearly 0.60% on Friday and poised to finish the week with losses as higher energy prices increase the chances that major central banks could tighten monetary policy t…
Finance
Tatha Ghose at Commerzbank reports that Turkey’s Central Bank of the Republic of Türkiye (CBRT) cut its one-week repo rate by 100bp to 36.0%, alongside similar moves in overnight rates. Despite acknowledging upside infl…
Finance
Chris Turner at ING highlights that the Mexican Peso has been the weakest emerging market currency since early September, hurt by dovish Banxico rhetoric and narrowing policy spreads versus the Federal Reserve. Without …
Finance
Gold (XAU/USD) attempts a recovery above the $4,000 mark on Friday after slipping to $3,986 during Asian trading hours, its lowest level since July. The rebound comes as dip buyers step in following Thursday’s sharp sel…
Finance
Business activity in the United States (US) private sector showed continued expansion in October, according to preliminary data released by S&P Global on Friday.
Finance
Brown Brothers Harriman (BBH) strategist Elias Haddad reports EUR/USD trading defensively below 1.1200 after weaker-than-expected Eurozone PMI, which still signals robust growth. Above-target inflation and resilience gi…
Finance
USD/CAD slips below 1.4000 to its lowest level in a month on Friday, extending its losing streak to seven consecutive days as traders expect the Federal Reserve (Fed) and the Bank of Canada (BoC) to take different paths…
Finance
Silver (XAG/USD) slides to fresh yearly lows on Friday after plunging 5.8% on Thursday as concerns over AI-related investments weighed on equities, but failed to spark safe-haven demand for Silver as investors favour go…
Finance
Spot gold is bid at $4,187.70 an ounce at 10:39 a.m. ET, up $17.90, or 0.43%, on the day. The ask is $4,189.70. Friday’s range has run from $4,146.60 to $4,199.50, and the high came within 50 cents of the $4,200 handle …
Finance
Thursday should have been a fairly straightforward dollar session under the old playbook. Equities were under pressure, AI nerves were leaking from stocks into credit, oil remained uncomfortably high and French sovereig…
Finance
The New Zealand Dollar (NZD) posts minor gains against the US Dollar (USD) on Friday, but remains trading within Thursday’s range, amid a moderate risk-off mood as Oil prices rise to fresh five-month highs.
Finance
The private sector's business activity in the United Kingdom (UK) expanded at its fastest pace in eight months in October, with the S&P Global Composite Purchasing Managers' Index (PMI) rising to 53.1 from 52 in Septemb…
Finance
United Overseas Bank strategists (UOB) Quek Ser Leang and Lee Sue Ann note a steep USD/JPY selloff as safe-haven demand for Japanese Yen (JPY) surged on geopolitical tensions and falling US Treasury yields. Short term, …
Finance
ING strategists Warren Patterson and Ewa Manthey note ICE Brent surged 4% to just above $113/bbl as markets focus on supply risks rather than current fundamentals.
Finance
The EUR/USD pair attracts sellers for the second straight day in reaction to mostly disappointing Eurozone PMIs, trading near the lower end of the weekly range, around the 1.1200 mark during the first half of the Europe…