U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.09%
U.S. stock futures traded lower overnight late Thursday after disappointing earnings from Intel Corp. (INTC) and Amazon.com Inc. (AMZN) dragged markets down.
FX
Gold breaks $3,886 floor to new YTD low as Fed hawks press on
Gold (XAU/USD) tanked to a new year-to-date (YTD) low of $3,880 on Friday, clearing the $3,900 threshold for the first time since October of last year. The Greenback and US Treasury yields edged higher, while risk appet…
Thai Baht: BoT cautious on normalisation, downside persists – Commerzbank
Commerzbank’s Charlie Lay reports that the Bank of Thailand kept its policy rate at 1.00%, with the MPC maintaining a hold but signalling a less dovish stance. Authorities highlight financial stability risks from prolon…
Vietnam: Strong growth complicates inflation fight – DBS
DBS Group Research anticipates Vietnam’s October 2026 exports and retail sales to stay robust, while headline inflation hovers around 5%, above the 4.5% target. Strong electronics shipments, firm household spending and …
Chinese Yuan: Uptrend extends toward 6.6450 against US Dollar – UOB
United Overseas Bank strategists Quek Ser Leang and Lee Sue maintain a negative stance on USD/CNH, noting that the pair has been edging lower and remains under downward pressure. Short-term projections see scope to test…
Japanese Yen holds firm after BoJ’s hawkish hold
USD/JPY holds trades on the back foot heading into the weekend as the Japanese Yen (JPY) outperforms most major currencies following the Bank of Japan’s (BoJ) hawkish hold. However, the pair has recouped some of its ear…
Forecasting the upcoming week: US midterm elections, Payrolls and BoE in the spotlight
The US Dollar (USD) regained the smile this week, reversing two consecutive pullbacks and trading close to its key 200-week SMA. The Greenback’s recovery has followed the persistent rise in crude Oil prices, in a contex…
Australian Dollar nudges higher on renewed RBA tightening bets after hotter inflation
AUD/USD edges slightly higher on Friday, gaining 0.08% on the day to trade around 0.7035 at the time of writing. The Australian Dollar (AUD) benefits from growing expectations of an interest rate hike by the Reserve Ban…
Fed’s Logan calls for two more rate hikes; pause won’t alter path
On Friday, the Dallas Federal Reserve President Lorie Logan said that “at least two more quarter-point rate hikes” are needed. She added that skipping a hike “doesn’t change policy destination,” and that adjusting inter…
Why Deutsche Bank says the AI dollar is here
Deutsche Bank Capital Markets Outlook 2026: Artificial Intelligence as a growth engine in a world of risks
Swiss Franc trims against US Dollar as high Oil prices erode its safe-haven status
The Swiss Franc (CHF) is giving away gains against the US Dollar (USD) on Friday, weighed by concerns about the Swiss economy's exposure to the higher Oil prices.
Nasdaq tumbles at open as Amazon, Intel add to AI spending woes
Tech stocks plunged Friday morning, putting the Nasdaq 100 index on course for a more than $1 trillion drop when the opening bell rings at 9:30 am ET in New York.
US Dollar Index struggles as tech sell-off overshadows hawkish Fed
The US Dollar Index (DXY) loses ground for a third straight day on Friday as a sell-off in technology stocks drives investors toward government bonds, pushing Treasury yields lower and weighing on the Greenback. Next we…
Gold sinks to fresh yearly lows despite risk-off mood as Fed rate hike bets weigh
Gold (XAU/USD) slips to fresh year-to-date lows on Friday. The metal struggles despite a risk-off mood across markets, as expectations of further Federal Reserve (Fed) interest rate hikes continue to dominate price acti…
Euro: Supported by limited policy divergence against US Dollar – BBH
Brown Brothers Harriman’s Elias Haddad reports EUR/USD has rebounded above 1.1200 after the ECB paused while pushing back against aggressive market tightening expectations.
Japanese Yen: Weakness against US Dollar to persist despite hawkish BoJ – ING
ING’s Chris Turner reports that the Bank of Japan (BoJ) left rates at 1.25% while acknowledging its 2% inflation target has been met and highlighting upside price risks from energy, AI demand and a weak Japanese Yen (JP…
Germany annual CPI inflation softens to 2.8% in October
Inflation in Germany, as measured by the change in the Consumer Price Index, declined to 2.8% (preliminary) in October from 3.3% in September, Germany's Destatis reported on Friday.
FX Outlook: Time to Think About the Midterms?
With a divided Congress potentially blocking Trump's US$1.5 trillion defence agenda, the implications for drone makers, chip manufacturers, cybersecurity, and satellite companies could be profound. Read and learn why th…
Bank of England: Gradual hiking path – Rabobank
Rabobank strategist Stefan Koopman expects the Bank of England’s (BoE) Monetary Policy Committee (MPC) to raise Bank Rate to 4.00% in November 2026 in a 7-2 split, followed by another 25bp hike to 4.25% in February 2027…
FX Daily: These Quirky Midterms Are Coming Into View
The US macro backdrop is still too firm to make a clean additional 250 -300 pips + bearish dollar call. Third-quarter growth came in at 3.4%, core PCE remains sticky and the Fed has done nothing to suggest that December…
GBP/USD Price Forecast: Strengthens above 1.3350, but retains bearish tone below 100-day SMA
The GBP/USD pair trades in positive territory around 1.3380 during the early European trading hours on Friday. The British Pound (GBP) strengthens against the US Dollar (USD), while markets digest the UK Autumn Budget a…
Canadian Dollar stands firm near September 16 top vs weak USD amid bullish oil prices
The USD/CAD pair attracts sellers for the third straight day, sliding to a fresh low since September 16 during the Asian session on Friday amid a broadly weaker US Dollar (USD).
EUR/USD Price Forecast: Holds gains to near 1.1200, while staying below key technical resistance
The EUR/USD pair trades in positive territory around 1.1190 during the early European trading hours on Friday. A hawkish pause from the European Central Bank (ECB) provides some support to the Euro (EUR) against the US …
Bank of Japan Hits 2% Price Target
Bank of Japan Governor Kazuo Ueda, center, and other policy board members attend the Monetary Policy Meeting in Tokyo’s Chuo Ward on Oct. 30. (Pool)