Friday, 30 October 2026
Global markets, trading & world business — for professional traders
The EUR/USD advances some 0.41% on Wednesday, trading at 1.1466 after US inflation data was softer than expected, weighing on the Greenback, as market participants expect a less hawkish Federal Reserve. Towards the end …
ING’s Chief Economist for Greater China, Lynn Song, notes that China’s second-quarter GDP growth slowed to 4.3% year-on-year from 5.0% in the first quarter, the weakest pace since late 2022. Despite growth averaging 4.7…
West Texas Intermediate (WTI) crude Oil consolidates modest losses on Wednesday but stays close to a one-month high as escalating Middle East tensions keep supply risks around the Strait of Hormuz in focus. At the time …
Gold price (XAU/USD) edges higher to around $4,060 during the early Asian session on Thursday. The precious metal rebounds as softer US inflation has fueled hopes that the US Federal Reserve (Fed) will hold rates steady…
Cable spent the London morning drifting, printed the session low at 1.3381 shortly after 10:00 GMT, and then spent the New York afternoon repricing the entire Dollar complex. The Pound trades near 1.3540 at writing, up …
The US Dollar (USD) is under strong selling pressure on Wednesday, yet action around XAU/USD is muted. The Greenback found near-term demand at the beginning of the day, but changed direction following the release of the…
The Japanese Yen (JPY) holds modest gains against the US Dollar (USD) on Wednesday but struggles to extend its recovery despite a broadly weaker Greenback following softer-than-expected US inflation data. At the time of…
Commerzbank’s Dr. Henry Hao notes that China’s Q2 2026 GDP growth slowed to 4.3% year-on-year, below Beijing’s 4.5%-5% target and consensus expectations. Fixed-asset investment contracted sharply, while June industrial …
Shares of Australian financial services group Perpetual surged to a six-month high on Thursday after the company rejected a A$2.45 billion (US$1.69 billion) takeover proposal from Swedish private equity giant EQT AB, no…
The USD/CHF breaks a rising wedge, tumbles over 0.62%, and trades near three-day lows on Wednesday. The pair clears the July 14 swing low of 0.8067. At the time of writing, the pair trades at 0.8041.
The US Dollar Index (DXY) falls 0.5% toward 100.40 as softer-than-expected United States (US) wholesale inflation reinforces signs that price pressure is easing. The headline Produce Price Index (PPI) declined 0.3% MoM …
OCBC’s Sim Moh Siong and Christopher Wong note that USD/THB fell after the post-US Consumer Price Index (CPI) decline in US Dollar (USD) but quickly retraced, signalling limited follow-through in Thai Baht gains. Elevat…
The Gold price turns negative on Wednesday, even though the last two US inflation reports showed that prices are dropping, though developments in the Middle East sent energy prices higher. At the time of writing, the XA…
Dell dropped 14%, HPE fell 8%, and SMCI declined 5% on no confirmed catalyst, but Dell and HPE retain massive YTD gains of 219% and 92%, respectively.
Federal Reserve (Fed) Chair Kevin Warsh said on Wednesday that recent inflation figures provide an imperfect measure of underlying inflation. Warsh made the remarks while testifying on the Semiannual Monetary Policy Rep…
United Overseas Bank’s Quek Ser Leang and Lee Sue Ann note USD/SGD reversed its New York-session plunge after softer United States (US) Consumer Price Index (CPI), closing near 1.2910. UOB's Singapore Dollar (SGD) Nomin…
OCBC’s Sim Moh Siong and Christopher Wong expect Asian FX to trade with a better tone after softer United States (US) core Consumer Price Index (CPI) reduced near-term Fed hike expectations and pressured USD. However, e…
The Dow Jones Industrial Average (DJIA) spent most of Wednesday rewarding the disinflation trade and the final two hours dismantling it. A surprise negative June wholesale inflation print at 12:30 GMT set off a grind th…
Federal Reserve (Fed) Chair Kevin Warsh said on Wednesday that current inflation pressure will not be permanent, while acknowledging that the latest inflation measures remain unsatisfactory. Warsh made the remarks while…
Silver (XAG/USD) trades on the back foot on Wednesday, struggling to capitalize on a weaker US Dollar (USD) as hawkish Federal Reserve (Fed) expectations keep bears in control. At the time of writing, XAG/USD trades aro…
BNY’s Geoff Yu highlights Japanese Prime Minister Sanae Takaichi’s warning that Japan must build a strong economy now, rejecting claims that an economic blueprint drove the JGB selloff. He notes machinery orders weaknes…
Standard Chartered economists Hunter Chan and Shuang Ding note that China’s Q2 Gross Domestic Product (GDP) growth slowed to 4.3% year-on-year, below the 4.5–5.0% target range, with domestic demand remaining soft. They …
EUR/USD trades higher near the 1.1450 area on Wednesday as the US Dollar (USD) weakens following softer-than-expected United States (US) Producer Price Index (PPI) data. The Euro (EUR) also finds some support after Spai…
Chris Turner at ING says EUR/USD rallied on softer US CPI but warns that rising Oil and European natural gas prices limit upside. He expects EUR/USD to struggle above 1.1460/70 and potentially retreat toward 1.1360/80 i…