Thursday, 29 October 2026
Global markets, trading & world business — for professional traders
MUFG’s Lee Hardman notes that the Japanese Yen has strengthened as Japan and the US conducted joint intervention to counter recent volatility. He highlights planned use of the Federal Reserve’s FIMA Repo Facility, US eu…
Rabobank's Senior Market Strategist Benjamin Picton discusses recurring Middle East tensions around the Strait of Hormuz and their impact on Oil and Brent. Picton notes that strikes on Iran have been halted again, pushi…
Gold (XAU/USD) trims gains after opening the week with a bullish gap as buyers lack conviction amid conflicting US-Iran headlines and caution ahead of key US employment data. At the time of writing, XAU/USD trades aroun…
The AUD/JPY cross attracts heavy follow-through selling and touches its lowest level since late March, around the 109.40-109.35 region at the start of a new week. Spot prices, however, defend a technically significant 2…
Joint US–Japan intervention has turned the yen from a one-way carry trade into a two-sided policy risk.
Trillions wiped out - gold and silver prices crash globally - the headlines from the commodity market on Friday described the volatile nature of the commodity market. Gold and silver have been on a record breaking spree…
GBP/USD has, on average, seen its worst monthly performance in August, with average returns of around -0.5% since 1971. See what other seasonal patterns could play out in August!
EUR/JPY extends its gains for the third successive day, trading around 179.40 during the Asian hours on Monday. The currency cross is extending a bearish near-term tone as price holds beneath both the nine-period and 50…
USD/CHF extends its gains for the second successive day, trading around 0.8090 during the European hours on Monday. The pair remains on a stronger footing as the Swiss Franc (CHF) holds onto losses following the release…
The USD/JPY pair tumbles to near 156.45 during the early European trading hours on Monday. The Japanese Yen (JPY) climbs amid speculation that Japanese authorities may have intervened to prop up the currency again after…
Rabobank's Senior FX Strategist Jane Foley discusses recent joint intervention by Japan’s Ministry of Finance (MoF) and the United States (US) Treasury to support the Japanese Yen (JPY) and its implications for USD/JPY.…
United Overseas Bank’s (UOB) Quek Ser Leang observes EUR/USD rebounded sharply after a dip to 1.1453, with scope to extend gains toward 1.1565 intraday, provided it holds above 1.1495. On a 1–3 week view, he sees potent…
USD/IDR remains subdued for the fourth successive day, trading around 18,040 during the Asian hours on Monday. The pair experiences notable downside pressure as the Indonesian Rupiah (IDR) strengthens in response to enc…
German Retail Sales, a key measure of consumer spending, showed a downside in June. The consumer spending measure fell 1.1% month-on-month (MoM), according to official data released by Destatis, while it was expected to…
The Euro (EUR) posts moderate losses against the US Dollar (USD) on Monday, trading at 1.1525 at the time of writing, but standing close to the seven-week highs, at 1.1556 hit earlier on the day. Final Eurozone Purchasi…
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 99.70 in the Asian trading hours on Monday. The DXY declines amid improved…
The USD/CAD pair kicks off the new week on a positive note, though it lacks bullish conviction and remains confined within Friday's broader range. Spot prices currently trade around the 1.4030 region, up less than 0.10%…
The British Pound (GBP) underperforms its major currency peers, trading 0.1% lower at around 1.3470 against the US Dollar (USD) during the early European trading session on Monday. The GBP/USD declines as traders recons…
Gold (XAU/USD) extends its sideways consolidative price move through the first half of the European session and trades above the $4,050 level following a modest bullish gap on Monday. A goodish US Dollar (USD) recovery …
Asian shares were mixed at the start of a new week as losses in South Korea's KOSPI and Japan's Nikkei 225 counter improving risk sentiment due to easing Middle East tensions. In fact, US President Donald Trump called o…
The AUD/JPY cross turns lower for the fifth straight day after a modest uptick to the 111.20 region on Monday and drops to its lowest level since early April during the Asian session. Spot prices currently trade around …
The Indian Rupee (INR) opens strongly against the US Dollar (USD) at the start of the week. The USD/INR extends its losing streak for the third trading day, is down 0.25% to near 95.15, the lowest level seen in over thr…
Japan's Finance Minister Satsuki Katayama said on Monday that Japanese authorities conducted coordinated Yen-buying intervention with the United States (US) on Friday, adding that officials will not hesitate to carry ou…
Atsushi Mimura, Japan’s Vice Finance Minister for International Affairs and top foreign exchange official, said that joint intervention could mark the peak of US-Japan currency partnership, Reuters reported on Monday. M…