Japan’s Nikkei 225 index surpassed the 50,000 mark for the first time in history on Monday, closing up 2.46% at 50,512 points. The rally reflected optimism over easing U.S.–China trade tensions and strong global risk appetite following record gains on Wall Street. Investor sentiment in Japan was further supported by expectations that the Bank of Japan will maintain its ultra-loose monetary policy at this […]
Forex
Forex
Forex
27
Oct
Oct
EUR/USD edges lower on risk-on sentiment amid hopes of a US-China trade deal
EUR/USD is pulling lower from the 1.1650 area, trading at 1.1625 at the time of writing on Monday, yet holding most of the previous days’ gains after bouncing up from 1.1580 lows last week. Market hopes of a trade deal between the US and China have improved investors’ sentiment in an event-packed week, with the Federal Reserve (Fed) […]
27
Oct
Oct
Pound Sterling struggles against US Dollar as UK labor market risks linger
The Pound Sterling (GBP) gives up early gains against the US Dollar (USD) on Monday, flattening at around 1.3310 during the European trading session and on track to extend its losing streak for a seventh trading day. The GBP/USD pair falls as investors seem to see the glass half-empty regarding the state of the United […]
27
Oct
Oct
Economic Calendar – FED’s Interest Rate Decision Wednesday
We’re starting an interesting new week on the financial markets. Although today’s calendar is exceptionally empty, important economic events await later in the week. The most important, of course, is the Fed’s interest-rate decision on Wednesday. After Friday’s inflation data, the market is fully pricing in two cuts at the next two meetings. More important, […]
27
Oct
Oct
FX option expiries for Oct 27 NY cut
FX option expiries for Oct 27 NY cut at 10:00 Eastern Time via DTCC can be found below. EUR/USD: EUR amounts USD/CHF: USD amounts AUD/USD: AUD amounts USD/CAD: USD amounts
27
Oct
Oct
Euro Holds Firm Ahead of Key Week for Global Markets
The euro hovered around $1.16, little changed from the previous week’s levels, as markets entered a crucial week filled with global trade negotiations, central bank meetings, and key economic data releases across Europe. Investors welcomed signs of progress in US–China trade talks, with attention now turning to the upcoming meeting between Presidents Trump and Xi […]
27
Oct
Oct
Australian Dollar extends gains due to rising hopes for US-China trade deals
The Australian Dollar (AUD) advances against the US Dollar (USD) after opening from a gap up on Monday due to optimism over progress in the United States (US)–China trade negotiations. Traders await the key upcoming Q3 and the September monthly inflation data for Australia this week which could shape the Reserve Bank of Australia’s (RBA) policy outlook. The […]
27
Oct
Oct
USD/CAD slips below 1.4000 due to Fed rate cut bets
USD/CAD depreciates after two days of little gains, trading around 1.3980 during the Asian hours on Monday. The pair loses ground as the US Dollar (USD) faces challenges following the release of softer US inflation data on Friday, which helps keep the likelihood of the Federal Reserve (Fed) rate cuts higher. The CME FedWatch Tool indicates that markets […]
27
Oct
Oct
GBP/JPY Price Forecast: Refreshes two-week high near 204.00, BoJ’s policy outcome awaited
The GBP/JPY pair posts a fresh two-week high near 204.00 on Monday, and trades 0.25% higher during the early European session. The pair strengthens as the Japanese Yen (JPY) underperforms its peers as newly elected Japanese Prime Minister Sanae Takaichi commits to boosting defense spending and is expected to announce higher fiscal plans in its […]
27
Oct
Oct
USD/INR jumps higher despite US-India trade deal optimism
The Indian Rupee (INR) slumps against the US Dollar (USD) at the start of the week. The USD/INR pair rises to near 88.20 even as hopes of a trade deal between the United States (US) and India have increased. A Bloomberg report on Friday showed that an Indian government official said that negotiators from both nations have […]
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