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CAD flat and outperforming on crosses – Scotiabank
The Canadian Dollar (CAD) is trading flat from Tuesday’s close and extending its recent consolidation around a cluster of key technical levels, a relative performer against all of the G10 currencies in an environment of broad-based US Dollar (USD) strength, Scotiabank's Chief FX Strategists Shaun Os
GBP/USD: Might drop to 1.3385 before recoverin – UOB Group
Pound Sterling (GBP) could drop to 1.3385 before recovering; the major support at 1.3325 is not expected to come into view.
NZD tumbles on surprise 50bpt rate cut – Scotiabank
The US Dollar’s (USD) gains are extending into Wednesday’s NA session with broad strength against all of the G10 currencies. NZD is underperforming, down 0.6% on the back of an unexpectedly large RBNZ rate cut, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
EUR/USD remains pinned near one-month lows with the FOMC minutes on tap
EUR/USD keeps hovering right above one-month lows at 1.1605, weighed by investors' concerns about the fragile political and fiscal situation in France.
NZD/USD rebounds modestly after RBNZ’s 50 bps rate cut-led plunge
The New Zealand Dollar (NZD) comes under heavy pressure on Wednesday after the Reserve Bank of New Zealand (RBNZ) lowered the Official Cash Rate (OCR) by 50 basis points (bps) to 2.50% from 3.00%. Markets had been expecting a smaller 25 bps move.
EUR/USD: Downside risk for EUR has increased – UOB Group
Euro (EUR) could dip below 1.1645; given the oversold conditions, any further decline may not reach 1.1610.
Pound Sterling weakens against US Dollar, investors await FOMC minutes
The Pound Sterling (GBP) seems fragile near 1.3400 against the US Dollar (USD) during the late European trading session on Wednesday.
Silver Price Forecast: XAG/USD rallies to fresh long-term highs at $49.00
Silver (XAG/USD) correction found support at the mid-range of 47.00 on Tuesday and bounced up strongly on Wednesday, with precious metals buoyed by risk aversion amid political woes in Japan and France and the US government shutdown.The US political impasse entered its second week with Senate Democr
NZD/USD recovers half of RBNZ policy-related losses, outlook remains weak
The NZD/USD pair claws back half of its early losses and rebounds to near 0.5775 during the late European trading session on Wednesday. Still, the Kiwi pair is down 0.4%.
USD/JPY surges to nine-month highs near 153.00 on Takaichi Trade
The US Dollar is going through a spectacular rally against a weak Japanese Yen this week.
NZD plunges as RBNZ delivers jumbo 50bps cut – BBH
NZD/USD dropped 1% to a six-month low near 0.5740 after the Reserve Bank of New Zealand surprised markets with a 50bps cut to the Official Cash Rate, now at 2.50%. The central bank signaled it remains open to further reductions, citing spare capacity and downside risks to activity and inflation.
United States MBA Mortgage Applications increased to -4.7% in October 3 from previous -12.7%
United States MBA Mortgage Applications increased to -4.7% in October 3 from previous -12.7%
Fed's Kashkari grows bullish on labor
Federal Reserve (Fed) Bank of Minneapolis President Neel Kashkari struck a more reserved tone than some of his Fed counterparts on Tuesday, cautioning that it's still too soon to be able to tell if tariff-led inflation will be "sticky" or not.
Fed's Miran insists neutral rate is far below current rates
Federal Reserve (Fed) Board of Governors member Stephen Miran made another long-winded appearance on Tuesday, reiterating that he believes any underlying inflation pressures within the US economy are entirely contained within migrant population effects, and will be solved mainly by immigration contr
NZD/USD pulls back toward 0.5800 ahead of RBNZ decision
NZD/USD retreats on Tuesday, extending consolidation below 0.5840 to trade near 0.5810 at the time of writing. Market participants turn their attention to the Reserve Bank of New Zealand’s (RBNZ) monetary policy decision due on Wednesday.
New Zealand GDT Price Index down to -1.6% from previous -0.8%
New Zealand GDT Price Index down to -1.6% from previous -0.8%
Euro under pressure as French political turmoil drives safe-haven flows into US Dollar
The Euro (EUR) remains under pressure on Tuesday, slipping toward a one-month low against the US Dollar (USD) as deepening political turmoil in France fuels risk-off sentiment in European markets. At the time of writing, EUR/USD is trading around 1.1672, stabilizing somewhat after earlier losses.
Turkey Treasury Cash Balance fell from previous 84.22B to -359.887B in September
Turkey Treasury Cash Balance fell from previous 84.22B to -359.887B in September
Heidrick and struggles Soars 19.6% on go-private deal announcement
Heidrick & Struggles surged 19.6% after announcing a $1.3B go-private acquisition deal.
AMD + OpenAI – Big deal, bigger expectations?
$AMD exploded higher in early October after announcing a strategic GPU supply partnership with OpenAI, jumping an eye-watering +37% in just days.
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