Fed Governor Christopher Waller said the US economy appears to be strengthening noticeably in the second half of 2026, while the labor market remains “solid and stable” despite a slower pace of job creation. At the same time, he stressed that inflation remains too high and has been above the Fed’s target for around five […]
German industrial orders fell by 10.6% month-on-month in August, compared with analysts’ expectations for a 1% decline and a 2.5% increase in July. EUR/USD has resumed its decline and is trading at its lowest level since May 19, 2025 following the release, which raises serious questions about the outlook for the eurozone’s largest economy. The […]
The USD/CAD pair gathers strength to near 1.4275 during the early European trading hours on Tuesday. Falling crude oil prices drag the commodity-linked Canadian Dollar (CAD) lower against the US Dollar (USD). Canada’s Ivey Purchasing Managers Index (PMI) data is due later on Tuesday. The Group of Seven nations (G7) on Friday agreed to release […]
EUR/USD enters the new week attempting to stabilise after a sharp four-session decline pushed the pair into deeply oversold territory. The euro recovered from around 1.1230 to 1.1260 in the latest session, while the 14-day RSI fell to approximately 21.5, one of the lowest readings seen on the pair in years. The extreme technical conditions […]
The Canadian dollar weakened to around C$1.42 per U.S. dollar in September, leaving the loonie near its lowest level in roughly 12 weeks as soft domestic growth and continued U.S. dollar strength weighed on the currency. The focus heading into Monday and the start of the new trading week will be whether the loonie can […]
Global markets enter the week with geopolitical risk, surging government bond yields and a heavy schedule of economic data likely to dominate trading conditions. The US-Iran standoff and developments surrounding the Strait of Hormuz will remain the biggest immediate market focus. Any progress toward reopening the key shipping route or ending the conflict in the […]
USD/CHF extends its losses for the second consecutive day, trading around 0.8290 during Asian hours on Friday. The pair depreciates as the US Dollar (USD) struggles amid easing Federal Reserve (Fed) rate hike bets, with markets pricing in nearly a 28% chance of an October rate increase according to the CME FedWatch Tool. However, the […]
Wheat futures are trading with a mixed tone as traders balance slower US winter wheat planting against expectations for relatively large domestic stocks and ample global availability. Chicago SRW is holding modest gains in nearby contracts, while Kansas City HRW is stronger and Minneapolis spring wheat remains under pressure. The latest US planting data shows […]
Key takeaways Commodities Market Overview The past month brought a significant correction across commodities markets, outside the energy group. Sugar, live cattle, and orange juice also gained value. Source: XTB None of the commodities currently appear extremely overbought when looking at technical indicators like RSI, while many of them show a bearish bias looking at […]
Key takeaways Gas gives back premium from pipeline outage, but weather and LNG prevent deeper discount US natural gas is trading around $3.12 per MMBtu and is falling for the second session in a row. However, it is worth noting one important detail key to further analysis. On September 23, futures contracts rolled over, and […]