US 10-year Treasury yields rose to 5.15% today, reaching their highest level since 2007. The primary catalyst driving the current surge was yesterday’s release of US PMI indicators for September. The data significantly exceeded expectations, reaching five-year highs. The composite index reached 58.4, which is consistent with GDP growth dynamics of around 5%. However, the […]
Financial markets remain caught between competing narratives, with investors struggling to establish a clear direction across commodities, bonds, currencies and equities. Brent crude has moved sharply between $106 and below $100 per barrel, while sovereign bond yields continue to experience unusually large swings. The central issue is uncertainty. Markets are trying to determine whether the […]
Akhtar FaruquiFXStreet EUR/JPY has pared back its recent gains from the previous day, trading around 180.10 during Asian hours on Friday. Technical analysis of the daily chart shows that the currency cross continues to trade within a descending channel pattern, pointing to a persistent bearish outlook. The EUR/JPY cross is retaining a bearish near-term bias […]
Brent Crude Tests $100 as Hormuz Risk and Supply Recovery Drive Extreme Volatility Brent crude is trading around $99 per barrel, down roughly 3%, after moving as high as $105 during the latest period of heightened volatility. The sharp swings highlight a market struggling to establish a clear direction as traders balance improving physical supply […]
USD/CAD extends its gains for the fifth consecutive day, trading around 1.4140 during Asian hours on Friday. The pair appreciates as the commodity-linked Canadian Dollar (CAD) faces downward pressure from falling crude oil prices. Crude oil prices drop after reports that the United States (US) and Iran are considering a phased agreement to reopen the […]
The AUD/USD pair holds steady around 0.7010 during the early Asian trading hours on Friday. Traders continue to assess the developments surrounding the US President Donald Trump and Chinese President Xi Jinping summit at the White House. Xi Jinping said on Thursday that the US-China ties reached a new historical milestone, saying that they reached […]
The offshore yuan is trading around 6.71 per US dollar, with the currency under pressure as markets assess the latest developments in US-China relations and the outlook for Federal Reserve policy. The yuan is heading toward weekly losses as traders digest the Trump-Xi summit in Washington while a firmer US dollar continues to limit upside […]
The Japanese yen is trading around 158.5 per dollar, remaining close to two-week lows and approaching the psychologically important 160 level. Renewed dollar strength and higher US Treasury yields are keeping pressure on the yen as markets increasingly anticipate further Federal Reserve tightening in response to persistent inflation pressures. The yen is also being weighed […]
Coffee prices remain under pressure after falling toward three-month lows as improving global supply prospects continue to outweigh support from historically low arabica inventories. December ICE Arabica coffee is around $3.80 per pound, while November ICE Robusta is trading near $2,800 per metric ton. The latest weakness follows an upward revision to Brazil’s 2026 coffee […]
European natural gas prices are trading around €74.4 per megawatt-hour, giving back part of the recent rebound as reports of US-Iran discussions over a possible phased agreement raise hopes that the Strait of Hormuz could eventually reopen. The diplomatic developments are easing some of the immediate risk premium in European gas, but they have not […]