Gold (XAU/USD) slips back below $4,000 on Thursday, giving up most of last week’s gains as bets on more aggressive Federal Reserve (Fed) interest rate hikes lift the US Dollar (USD) to a fresh year-to-date high. At the time of writing, XAU/USD trades around $3,889, down more than 2% on the day. Selling pressure intensified […]
Nvidia is facing renewed selling pressure as investors await an official announcement following a crucial board meeting concerning the future of CEO Jensen Huang. The uncertainty surrounding the company’s leadership has disrupted technology market sentiment, with investors reassessing their exposure to the world’s most valuable semiconductor business and the wider artificial intelligence sector. The potential […]
The yen has suffered a pronounced weakness in recent days. Overnight, USDJPY touched a two-month high of 159.94 and currently remains near these levels. This movement is primarily driven by rising expectations of interest rate hikes by the Federal Reserve, following higher-than-expected US inflation data for October. Figure 1: USDJPY and US–Japan yield spread (08.2026 […]
Metals markets are facing renewed selling pressure, with iron ore leading the latest declines as weakness extends across copper and gold. Iron ore traded in Chinese yuan has recorded the largest loss, falling 2.12%, while copper declined 0.78% and gold slipped 0.64%. The broad-based weakness highlights softer sentiment across both industrial and precious metals. Iron […]
Energy commodity markets are trading higher, with European natural gas leading the latest gains as buying interest extends across regional gas benchmarks and crude oil contracts. EU natural gas has recorded the strongest advance, rising 2.04%, followed by UK natural gas, which gained 1.89%. US natural gas has also moved higher by 0.91%, while Brent […]
Agricultural commodity markets are showing a broadly positive performance, with rubber leading the latest gains as buying interest extends across several key agricultural contracts. Canola and palm oil are also trading higher, while oats remain the notable underperformer among the reported commodities. Rubber has recorded the strongest advance, gaining 3.20%, followed by canola with a […]
Sterling remains under pressure below the $1.33 level, despite stronger-than-expected UK economic data pointing to an improvement in domestic growth. The British pound is hovering near its weakest levels since mid-October as renewed US dollar strength and expectations of further Federal Reserve tightening outweigh the positive signals from the UK economy. The latest UK GDP […]
The UK economy delivered a stronger-than-expected performance in September 2026, expanding by 0.2% month-on-month and exceeding market forecasts for no growth. The latest figures provide some encouragement for the British economy after a flat August reading, with services, industrial production and construction all contributing to the monthly expansion. However, the broader economic picture remains more […]
Gold (XAU/USD) sticks to its bearish tone for the third straight day on Thursday, trading below the $4,000 psychological mark and near its lowest level in more than a week, touched during the Asian session. The US Dollar (USD) extends a hot US consumer inflation figures-led rally amid Federal Reserve (Fed) rate-hike expectations and Middle […]
The USD/CAD pair gains momentum to around 1.4260 during the early European trading hours on Thursday. Falling crude oil prices exert some selling pressure on the commodity-linked Canadian Dollar (CAD) against the US Dollar (USD). Russian and Ukrainian negotiators reached an agreement on a major prisoner exchange following two days of peace talks in Abu […]