European bond market calms, as focus shifts to FX
European bond market calms, as focus shifts to FX
Key takeaways It’s all about FX on Monday. After bonds and stocks hogged the limelight this year, it is finally the currency market’s time to shine. The euro is in focus, as it drops to a 17-month low, as other markets struggle for direction as we move into the first full trading week of Q4. […]
by Currency Hedger
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- 1 month ago
EUR, Fx Pairs, Market Analysis, Technical Analysis, USD
Euro falls back below 1.1200 as US Dollar dominates despite weaker ISM Services PMI
EUR/USD falls 0.60% on Monday and trades around 1.1190 at the time of writing. The pair remains under pressure as the US Dollar (USD) maintains positive momentum, supported in part by elevated US Treasury yields, while political and fiscal concerns in Europe weigh on the Euro (EUR). The latest business activity data released on Monday […]
by Currency Hedger
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- 1 month ago
Institutional, UOB
Singapore Dollar: Range trade holds against US Dollar – UOB
United Overseas Bank (UOB) strategist Quek Ser Leang notes USD/SGD slipped to 1.2781 on Friday, with the SGD NEER staying well above its midpoint. For the intraday session, he expects the pair to hold within 1.2768–1.2832, aligning with technical levels at 1.2775/1.2815. On a 1–3 week and 1–3 month horizon, he still sees scope for […]
by Currency Hedger
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- 1 month ago
Commodities, Market Analysis, Technical Analysis
Baltic Dry Index Slides as Capesize Freight Rates Point to Softer Bulk Shipping Demand
The global dry bulk freight market is showing renewed weakness, with the Baltic Dry Index falling to 3,070 points, its lowest level in more than a month. The decline reflects weaker rates across the major vessel classes, led by a sharper drop in Capesize freight. The move is important for commodity markets because dry bulk […]
by Currency Hedger
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- 1 month ago
Canada Services PMI Remains in Contraction
The S&P Global Canada Services Business Activity Index rose to 48.3 in September 2026 from 46.8 in August, remaining below the critical 50.0 no-change mark. Canada’s service sector continued to face a challenging business climate, with activity and new business falling at slower rates amid uncertainty over tariffs and the war in Iran. Tariffs and […]
by Currency Hedger
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- 1 month ago
US Business Growth Confirmed at Over 5-Year High
The S&P Global US Composite PMI rose to 58.4 in September 2026 from 56 in August, matching the flash estimate and marking the strongest expansion in private-sector business activity in more than five years. Growth accelerated across both manufacturing and services, pointing to broad-based strength in the US economy. The increase in output was supported […]
by Currency Hedger
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- 1 month ago
US Services Growth Eases as Price Pressures Intensify
The ISM Services PMI fell to 54.9 in September 2026 from 55.4 in August, compared with expectations of 55. The index nevertheless remained in expansion territory for a 27th consecutive month, indicating continued growth in the US services sector. Business activity eased more noticeably, with the Business Activity Index dropping to 56.5 from 61.7, while […]
by Currency Hedger
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- 1 month ago
Institutional, OCBC
Euro: Fragmentation fears weigh on EUR – OCBC
OCBC’s Christopher Wong notes that widening Eurozone bond spreads and fragmentation concerns are tightening financial conditions and putting renewed pressure on the Euro. EUR/USD has fallen to its weakest level since May 2025, and while the Dollar could extend gains if French-German spreads stay wide, the ECB’s anti-fragmentation tools are expected to limit systemic stress. […]
by Currency Hedger
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- 1 month ago
Institutional, Societe Generale
Oil: Crude forecasts signal inflation surprises ahead – Societe Generale
Societe Generale’s analysts use their Brent, West Texas Intermediate (WTI) and Diesel price forecasts to derive forward-looking inflation surprises for the US and Eurozone. By linking spreads, inventories and refining cracks, they construct 12‑month crude and Diesel paths and show that, if these are accurate, Consumer Price Index (CPI) surprises can be estimated well ahead […]
by Currency Hedger
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- 1 month ago
ISM Services PMI expected to signal a solid US economy in September
On Monday, we’ll get the latest read on the US services sector when the Institute for Supply Management (ISM) publishes its September gauge. Consensus points to a marginal downtick to 55 from August’s 55.4. If confirmed, the reading is unlikely to significantly dent the current sector’s resilience and confidence in the broader economy. Back in […]
by Currency Hedger
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- 1 month ago