Key takeaways The ECB will publish its decision at 14:15 CET, and the press conference will take place at 14:45 CET Today’s ECB meeting presents Christine Lagarde with a choice in which every option works to the disadvantage of the single currency. Perhaps this also offers hope for the euro. Things are so bad that […]
Government bond yields move lower across most major markets, with New Zealand’s 10-year government bond yield recording the sharpest decline at 5.90 basis points. German 10-year yields fall by 2.89 basis points, while US 10-year Treasury yields decline by 2.70 basis points. Japan moves against the broader trend, with its 10-year government bond yield rising […]
The EUR/USD pair sticks to a mildly negative bias through the first half of the European session on Thursday, currently trading below 1.1150 and close to its lowest level since May 2025. The downside, however, remains cushioned as traders keenly await important US macro releases and the key central bank event. The Advance US Q3 […]
Metals markets face broad selling pressure, led by lithium carbonate, which falls 3.95%. Silver declines 1.88%, platinum drops 1.73%, and gold loses 0.86%, highlighting weakness across both battery-related materials and precious metals. Iron ore moves against the trend, gaining 1.56% and emerging as the strongest performer in the latest metals snapshot. The divergence points to […]
Agricultural commodities show mixed price performance, with wool leading the declines as prices fall 3.47%, followed by palm oil, which loses 1.39%. Rice moves in the opposite direction, posting a gain of 0.55% and emerging as the strongest performer in the latest commodity snapshot. The divergence highlights uneven momentum across agricultural markets, with wool and […]
USD/CAD remains subdued for the second successive day, trading around 1.3990 during European hours on Thursday. The technical analysis of the daily chart shows that the pair price is remaining within the falling wedge pattern, suggesting selling momentum is losing strength, signaling a potential bullish breakout. The USD/CAD pair is keeping a bearish near-term bias […]
Iron ore futures climb above CNY 680 per tonne, recovering from four-year lows as improving steel mill activity in China provides fresh support for prices. Higher hot metal production and rising blast furnace utilisation suggest that demand from the world’s largest iron ore consumer is beginning to strengthen. However, the recovery faces significant headwinds. Chinese […]
Copper futures declined to around $6.60 per pound, ending a four-session winning streak as traders locked in profits following recent gains. The pullback was reinforced by weaker risk appetite after disappointing earnings from Alphabet and Samsung revived concerns about the sustainability of investment in artificial intelligence infrastructure and related technology. Despite the decline, copper remains […]
The Indian Rupee (INR) revisits a two-week low against the US Dollar (USD) on Thursday as elevated oil prices continue to keep the South Asian currency under pressure. In the opening session, the USD/INR pair trades slightly higher to near 95.30. As of writing, the MCX Crude Oil contract expiring on November 19 is down […]
The Japanese Yen (JPY) trades almost flat against the US Dollar (USD) at around 157.80 during the European trade on Thursday. The USD/JPY pair consolidates as investors shift their focus to the Bank of Japan’s (BoJ) monetary policy announcement on Friday. BoJ meeting seen as a placeholder as markets focus on December Yen implications Analysts […]