Saturday, 31 October 2026
Global markets, trading & world business — for professional traders
Gold (XAU/USD) trades on the back foot on Friday, struggling to build on the previous day's gains and heading for a weekly loss as renewed hostilities in the Middle East have revived fears of energy-driven inflation and…
NZD/USD remains on the front foot on Friday and is heading for a second consecutive weekly gain after the Reserve Bank of New Zealand (RBNZ) raised the Official Cash Rate (OCR) by 25 basis points (bps) on Wednesday and …
DBS economists Radhika Rao and Mo Ji expect the Bank of Korea (BoK) to raise its base rate to 2.75% from 2.50% in July, citing persistent CPI inflation above 3% and resilient growth. They highlight robust exports and in…
EUR/USD trims gains on Friday as the US Dollar (USD) rebounds while traders digest the latest developments in the Middle East. At the time of writing, the pair is trading around 1.1433, easing from a one-week high of 1.…
By Howard Schneider and Ann Saphir WASHINGTON, July 10 (Reuters) – U.S. inflation “stepped up further this spring” as the evolving impact of tariffs, energy costs driven higher by conflict in the Middle East, and the bo…
OCBC strategists Christopher Wong and Sim Moh Siong note that the European Central Bank's (ECB) June minutes justified the latest rate hike while keeping flexibility on future moves. Since then, Oil prices have fallen s…
Silver (XAG/USD) trades slightly lower on Friday, hovering around $59.90 at the time of writing, down a modest 0.08% on the day. The white metal is struggling to extend its rebound as renewed tensions in the Middle East…
USD/JPY falls toward 161.80 on Friday, down 0.37% at the time of writing, as the Japanese Yen (JPY) benefits from an unexpected shift in the Japanese government's stance on domestic asset allocation. The Japanese curren…
The Pound Sterling (GBP) holds firm on Friday during the North American session as risk appetite deteriorated after US President Donald Trump posted on social media that the ceasefire with Iran is over, even though nego…
The Federal Reserve (Fed) released its monetary policy report on Friday , in which the US central bank acknowledged that inflation remains elevated and that the labor market is broadly stable, a signal that the price st…
OCBC strategists Christopher Wong and Sim Moh Siong observe that the Indian Rupee (INR) faced depreciation pressure as Oil and geopolitics resurfaced, pushing USD/INR towards a one‑month high. He notes that some pressur…
Royal Bank of Canada (RBC) analysts Abbey Xu and Rachel Battaglia report that June spending by RBC Canadian cardholders remained relatively stable, with core retail sales up modestly. Discretionary goods led gains, whil…
UOB’s Quek Ser Leang notes USD/SGD remains range-bound, with intraday action expected between 1.2905 and 1.2940 as recent price moves provided no fresh directional clues. Over the next one to three weeks, the bank sees …
EUR/JPY trades around 184.95 on Friday at the time of writing, down 0.35% on the day, as the Japanese Yen (JPY) benefits from renewed demand following the government's announcement of a potential shift toward greater do…
Wells Fargo economists Tom Porcelli and Sarah House discuss upcoming BEA changes to the Personal Consumption Expenditures (PCE) Price Index that will affect data from 2021 onward. They estimate the new methodology will …
Silver prices (XAG/USD) fell on Friday, according to FXStreet data. Silver trades at $59.47 per troy ounce, down 0.86% from the $59.98 it cost on Thursday.
TD Macro Research expects the Canadian labour market to soften in June, with employment unchanged versus market expectations for a 10k gain after May’s 87.8k surge. They see the unemployment rate steady at 6.6% and wage…
Markets are anticipating a fairly stable report when Statistics Canada releases its Labour Force Survey on Friday. While the Net Change in Employment is predicted to rise by 10K in June, adding to the 87.8K gain in May,…
The USD/CAD pair stages a modest intraday recovery from the 1.4135 area, or a three-week low touched this Friday, and climbs to the top end of its daily range during the early European session. Spot prices currently tra…
ING’s Francesco Pesole notes the US Dollar (USD) has been broadly unchanged despite renewed Middle East tensions, as Oil has retraced and risk sentiment improved. He highlights that fading geopolitical risk keeps focus …
The Euro (EUR) remains on the defensive against the British Pound (GBP) on Friday, with the EUR/GBP pair unable to take off from one-year lows at the 0.8515 area. Data from Germany and France confirmed that inflationary…
Commerzbank’s Volkmar Baur says AI-related capital-goods imports are structurally widening the US trade deficit. Strong foreign demand currently helps finance the gap, but weaker confidence in the United States (US) AI …
Deutsche Bank strategists say a strong semiconductor rally and lower oil prices helped lift global equities. The S&P 500 rebounded as investors rotated from defensive sectors into growth and cyclical stocks, while gains…
Societe Generale strategists highlight that USD/CAD is tactically expensive versus the 2-year spread and has recently met resistance near 1.4250 before retracing toward 1.4130. They view this area as potential support b…