Key takeaways Commodities Overview In the commodities market, we are observing a clear polarization in the energy sector, where European natural gas continues its strong wave of appreciation (+2.24% today, +162.78% YTD), while crude oil prices have come under strong supply pressure. Today’s declines in Brent crude (-3.07%) and WTI (-2.46%) deepen the correction, driven […]
The GBP/USD pair attracts some dip-buyers near the 1.3200 mark on Tuesday and hits a fresh daily high during the first half of the European session. Spot prices, however, remain confined in a familiar range held over the past two weeks or so and currently trade around the 1.3240 region, up less than 0.10% for […]
Francesco Pesole at ING highlights that the Euro (EUR) is under pressure from French bond market turbulence, which is adding a fiscal risk premium and driving a repricing lower in European Central Bank (ECB) rate expectations. Swap differentials now resemble levels historically consistent with weaker EUR/USD. ING sees limited confidence in a sustained rebound and […]
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 […]
USD/JPY moves little after posting minor gains in the previous day, trading around 157.90 during Asian hours on Tuesday. The currency pair has steadied into a tight trading range following recent developments in Japanese fiscal policy. Japan’s Prime Minister, Sanae Takaichi, is pushing forward with expansionary economic measures despite persistent concerns surrounding the weak Yen […]
EUR/JPY halts its seven-day losing streak, trading around 177.40 during Asian hours on Tuesday. Technical analysis of the daily chart shows that the currency cross is remaining close to the lower boundary of the descending channel, suggesting the price holds support and a temporary bounce. However, a break below the channel would signal accelerating downward […]
The AUD/JPY cross trades in positive territory near 110.20 during the early European trading hours on Tuesday. Traders await the speech from the Bank of Japan (BoJ) Governor Kazuo Ueda later on Tuesday for more clues on the interest rate outlook. The BoJ could indicate later this month that underlying inflation has reached nearly its […]
Gold (XAU/USD) attracts fresh sellers following the previous day’s consolidative price move and drops to a two-month low during the Asian session on Tuesday, with bears now awaiting a break below the $4,100 mark before positioning for further losses. Despite receding October Federal Reserve (Fed) rate hike bets, the US Dollar (USD) retains its bullish […]
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – edges higher during the Asian session on Tuesday, reclaiming the $89.00 mark and snapping a two-day winning streak. The black liquid, however, remains close to a four-week low, touched last Friday, amid mixed fundamental cues. The geopolitical risk premium remains in play amid […]