Friday, 23 October 2026
Global markets, trading & world business — for professional traders
Gold (XAU/USD) price advances more than 1.40% on Friday, capitaliszng on a dip in US Treasury yields and a softer Greenback, as recent US data suggests households are becoming pessimistic about the economy, while invest…
West Texas Intermediate (WTI) Oil trades little changed on Friday as traders weigh easing fears of an immediate US-Iran military escalation against persistent supply risks in the Strait of Hormuz. At the time of writing…
Commerzbank's Volkmar Baur highlights Japanese investors' net selling of foreign bonds and its implications for global yields. Although Japanese investors have recently returned as buyers of French bonds, their selling …
TD Securities’ Ryan McKay and Bart Melek highlight that CTAs (Commodity Trading Advisors) are covering Gold shorts, with positioning rising by around 7% of maximum historical size. They note renewed inflows into Chinese…
DBS Group Research anticipates India’s September inflation to rise to 5.7% year-on-year from 4.8%, driven by broad-based food price gains and higher non-food fuel costs. Core inflation is expected to tick up as uneven m…
The EUR/USD pair maintained its bearish route, edging lower for a fifth consecutive week. The pair traded as low as 1.1161 before trimming some losses, settling on Friday at around 1.1210. Financial markets were once ag…
The University of Michigan (UoM) will release the preliminary estimate of the United States (US) October Consumer Sentiment Index on Friday. The UoM report, which analyses US consumers’ feelings about their personal fin…
Spot gold was up 1.3% at $4,174.21 per ounce at 1241 GMT, after hitting its highest since June 23. Bullion held above its 21-day moving average and is up over 2% for the week so far.
Gold (XAU/USD) trades on the front foot on Friday but struggles to extend its advance as the US Dollar (USD) and US Treasury yields show signs of stabilisation following Thursday’s sharp pullback. At the time of writing…
United Overseas Bank (UOB) analysts Quek Ser Leang and Lee Sue Ann note that USD/CHF shows slightly increased downside momentum, with scope to test 0.8290 but limited odds of a sustained break lower. For the coming days…
The euro has taken a proper beating, but at 1.1200 the trade is starting to look less like a free-fall and more like a market that now needs another reason to keep selling.
MUFG's Derek Halpenny highlights Europe's economic resilience following Germany's upward Gross Domestic Product (GDP) growth revisions but warns that potential European Union (EU) import restrictions and additional tari…
Societe Generale strategists note the National Bank of Romania (NBR) kept its policy rate at 6.50% and reinforced a hawkish stance as earlier inflation risks are now part of the baseline. Political conditions improved a…
The Australian Dollar (AUD) is up 0.3% at around 0.6980 against the US Dollar (USD) during the European trading session on Friday. However, the pair is struggling to extend gains beyond 0.6990.
Asian stocks struggled on Friday following an overnight selloff in US tech shares, as concerns over OpenAI’s revenue outlook weighed heavily on the broader artificial intelligence sector. Market sentiment took a hit aft…
Statistics Canada will release its September Labour Force Survey on Friday, with markets anticipating a modest recovery in employment following August's sharp decline. The report takes on particular importance as it wil…
The EUR/USD pair attracts buyers for the second straight day, rising to the 1.1225-1.1230 area during the Asian session on Friday amid a weak US Dollar (USD). Spot prices, however, remain confined within a range held si…
The USD/CHF pair attracts sellers for the second straight day on Friday, extending the previous day's retracement slide from the vicinity of mid-0.8300s, or a one-week high. Spot prices slide to the 0.8300 round figure …
The metal opened the year at $28.92 and ended just below $72 per ounce, marking an annual gain of approximately 144% — silver’s sharpest calendar-year advance since 1979. That move shattered a decade-long ceiling near $…
China is set to resume refined fuel exports in October following a temporary suspension during the Golden Week holiday, Reuters reported on Friday. This move aims to help ease tight global diesel, gasoline and jet fuel…
The Indian Rupee (INR) opens slightly higher against the US Dollar (USD) on Friday. The USD/INR pair ticks lower to near 96.55, but is still close to its all-time high of 97.00. The Indian currency gets a much-needed re…
The EUR/USD pair holds positive ground near 1.1215 during the early Asian trading hours on Friday. Nonetheless, the potential upside for the major pair might be limited amid fears of France’s debt crisis. The Michigan C…
The price for Gold stood at 13,012.39 Indian Rupees (INR) per gram, up compared with the INR 12,854.28 it cost on Thursday.
Gold (XAU/USD) gains positive traction for the second straight day on Friday, extending this week's recovery from a two-month low. The US Dollar (USD) retreats further from April 2025 highs amid softer US bond yields, l…