Thursday, 22 October 2026
Global markets, trading & world business — for professional traders
The US Federal Reserve (Fed) released its Beige Book, a qualitative report that summarises regional and national economic conditions and is used by the Federal Open Market Committee (FOMC) at each of its eight monetary …
Richmond Federal Reserve (Fed) President Thomas Barkin, a voter in 2027, said Wednesday that he doesn’t see AI job losses happening at scale, adding that investment is mostly focused on AI.
MUFG’s Michael Wan reports that the Monetary Authority of Singapore surprised markets by holding its exchange rate policy unchanged in October, against expectations for slight tightening. MAS sees core inflation easing …
Commerzbank analysts report that Bank of Korea Governor Shin Hyun-song sees inflation, exchange rate and financial stability pointing policy in the same direction, ahead of the 22 October meeting where rates may be left…
The Mexican Peso (MXN) depreciates versus the US Dollar (USD) on Wednesday, down 0.65% on the heels of hot US inflation data, fueling bets that the Federal Reserve (Fed) could raise rates at the October meeting. The USD…
Michael Wan at MUFG notes that a sharp sell-off in South Korean equities has boosted demand for South Korean Won downside protection. The KOSPI fell heavily, led by semiconductor names amid concerns over Chinese competi…
TD Securities economists report that US CPI has surprised to the upside for a second month, with core CPI at 0.3% m/m and broad-based strength in goods and services. Supercore remains elevated, and the translation into …
Geoff Yu at BNY Mellon expects the ECB to skip an October rate hike and possibly be done for the year, citing clear guidance on second‑round effects, emerging sovereign risks and French budget uncertainty. He argues tha…
UOB’s Ho Woei Chen highlights that strong external demand, particularly in technology and AI-related products, is underpinning China’s growth in 2026. Export and import growth have remained robust, widening the trade su…
Industry increasingly requires advanced materials for the energy and mobility transitions. Both megatrends depend on highly specialized inputs—whether for more powerful batteries, more efficient energy storage, or scala…
AUD/USD reverses its earlier gains on Wednesday, falling 0.34% on the day to trade around 0.6960 at the time of writing. The pair retreats below the psychological 0.7000 level as stronger-than-expected United States (US…
Gold (XAU/USD) extends its intraday decline on Wednesday after stronger-than-expected US inflation data lift the US Dollar (USD) and US Treasury yields. At the time of writing, XAU/USD trades around $4,095, down 1.57% o…
ING’s Frantisek Taborsky argues recent Central and Eastern European (CEE) FX and rates gains may not last. Czech inflation data show core rising to 3.1%, reinforcing expectations for a Czech National Bank (CNB) rate hik…
US factories. US manufacturing surprised to the upside, with ISM Manufacturing at 54.0 vs 53.3 expected, while S&P Global Manufacturing came in at 55.1 vs 55.3 expected, so the broad signal was still one of solid factor…
Federal Reserve (Fed) Vice Chair for Supervision Michelle Bowman said the central bank needs time to assess how financial markets and the US economy evolve following the latest interest rate hike before considering furt…
USD/CAD climbs on Wednesday, reversing the previous day’s losses as the US Dollar (USD) rallies to a fresh year-to-date high following higher-than-expected US inflation data. At the time of writing, USD/CAD trades aroun…
Standard Chartered’s Saabir Salad analyzes Hungary’s fiscal outlook and its implications for Euro adoption and the Forint. The Tisza government’s 2027 budget and new medium-term fiscal plan, due this month, are seen as …
Tariff Revenue: New 2025 tariffs have raised $88 billion in revenue year-to-date through August so far, with the new tariffs responsible for about $23 billion in revenues in August alone.
DBS Group Research economists, led by Chua Han Teng, say the Monetary Authority of Singapore (MAS) left its Singapore Dollar (SGD) Nominal Effective Exchange Rate (NEER) policy band unchanged at the October 2026 review …
OCBC strategists Sim Moh Siong and Christopher Wong note the US Dollar (USD) has rallied on higher US Treasury yields, energy prices and a hawkish Federal Reserve (Fed) bias, but still lacks conditions for a decisive mo…
Gold (XAU/USD) extends losses on Wednesday, despite the lower US Treasury yields, with investors looking from the sidelines ahead of the release of September’s US Consumer Price Index (CPI) report and speeches from Fede…
AI demand and the memory supercycle should sustain tech exports, but the outlook for non-tech demand is mixed. We see a North-South monetary policy divide across Asia.
The US Bureau of Labor Statistics (BLS) will publish the September Consumer Price Index (CPI) data on Wednesday. The report is expected to show a further increase in headline prices and a small uptick in annual core inf…
Gold (XAU/USD) ticks higher during the Asian session on Wednesday, holding above $4,150 as traders now look forward to the latest US inflation figures before placing fresh directional bets. The US Consumer Price Index (…