Key takeaways US gas prices retreat ahead of storage report US natural gas (NATGAS) is down 1.2% today, with its price below the psychological threshold of $3.00/MMBtu. The market is under strong oversupply pressure, and bearish sentiment also dominates in Europe, where supply concerns are mitigated by stable LNG transit and favorable weather. What to […]
Pinch, Punch, bond yields surge as FTSE 100 has bruising start to October Stocks are sinking and global bond yields are rising in an ominous start to the quarter for financial markets. The FTSE 100 is lower by 1.7% so far this morning, and the Dax is also lower by more than 1%, as investors […]
The NZD/USD pair loses momentum to near 0.5615 during the early European trading hours on Thursday. The New Zealand Dollar (NZD) weakens against the US Dollar (USD) as the tighter New Zealand election race raises investor fears on policy backflips. Traders await the US weekly Initial Jobless Claims data and the Fedspeak later on Thursday. […]
The Euro (EUR) is down 0.16% at around 1.1310 against the US Dollar (USD) during the European trading session on Thursday. The major currency pair is under pressure as the US Dollar outperforms due to surging United States (US) Treasury Yields. US Dollar Price Today The table below shows the percentage change of US Dollar […]
Indonesia’s rupiah edged lower, hovering near IDR 17,960 per U.S. dollar on Thursday, the first trading day of October, after briefly touching 17,930 in the prior session. Cautious sentiment lingered as the dollar index hit an 18-month high and U.S. Treasury yields rose to multi-year peaks, amid concerns that energy-driven inflation could keep policy tighter […]
The Australian Dollar (AUD) is up against its major currency pairs on Thursday, but is almost flat against the US Dollar (USD) at around 0.6948 in the early European trade. The antipodean outperforms even as market experts see the Reserve Bank of Australia (RBA) shifting to an extended hold after hiking its Official Cash Rate […]
The GBP/USD pair trades in negative territory around 1.3250 during the early European trading hours on Thursday. The British Pound (GBP) edges lower against the US Dollar (USD) amid widening monetary policy divergence between the Bank of England (BoE) and the US Federal Reserve (Fed). The US weekly Initial Jobless Claims report and the Fedspeak […]
USD/CHF continues its winning streak for the seventh consecutive trading day, reaching its fresh 16-month high of 0.8367 during Asian hours on Thursday. The currency pair appreciated as the Swiss Franc (CHF) lost ground due to sharply weakening investor sentiment in September. Traders await Swiss Consumer Price Index (CPI) data release due later in the […]
Brent crude is trading around the $97-per-barrel area as improving Middle East oil flows ease immediate supply concerns, while uncertainty surrounding the Strait of Hormuz and stalled US-Iran negotiations continues to limit the downside. Crude movements through Hormuz have recovered toward pre-war levels, while Saudi Arabia has restored part of its East-West pipeline capacity, creating […]
The Canadian dollar is under renewed pressure against the US dollar, with USD/CAD trading around the 1.42 area and recently reaching approximately 1.4200–1.4203. The move has pushed the loonie to its weakest levels since July, while the US dollar has strengthened broadly against the Canadian currency. The decline has become more pronounced over recent weeks […]