OCBC strategists Sim Moh Siong and Christopher Wong highlight that the US Dollar (USD) has started Q4 2026 on a firm footing, supported by resilient United States (US) growth and hawkish Federal Reserve (Fed) risks. However, they expect only a moderate USD rally into year-end as markets scale back near-term Fed hike expectations and as […]
The UK services sector continues to expand, but growth is losing momentum as cautious consumer spending, higher borrowing costs and geopolitical uncertainty weigh on demand. At the same time, rising fuel and payroll costs are putting renewed pressure on businesses, creating a more difficult environment for both margins and employment. The latest S&P Global UK […]
The latest PMI data from S&P Global for September shows a clear expansion of activity in the services sector and composite indicators across Europe. While Eurozone countries, led by Germany, record a distinct rebound, the UK economy struggles with an ongoing slowdown in the labor market and rising cost pressures. United Kingdom (UK) Eurozone Germany […]
Facts: Recommendation: GBPUSD (D1) Source: xStation5 OPINION : The price is currently near the lower boundaries of two technical formations: a consolidation channel between approximately 1.385 and 1.302, and a narrowing ascending triangle. Looking at the regression line and the RSI indicator, the current setup creates favorable conditions for an upward correction toward approximately 1.385. […]
Key takeaways The euro is experiencing its worst day in weeks. The EURUSD pair fell to 1.1161, its lowest level since May 2025, following a fourth consecutive week of declines. The reason this time is not Fed policy, but a growing crisis of confidence surrounding French public finances, which is increasingly reminding investors of the […]
Global markets enter the new week with investors balancing three competing forces: renewed fiscal concerns in Europe, fading expectations for another Federal Reserve rate hike and increasingly stretched valuations across the technology sector. Europe is facing the greatest immediate political and bond-market pressure, with French yields elevated and the euro under renewed pressure. At the […]
Wheat prices are recovering towards $6.90 per bushel as renewed escalation risks between Russia and Ukraine raise concerns over the security of Black Sea grain supplies. The market is responding to the possibility that further attacks on critical infrastructure could disrupt exports through one of the world’s most important grain-trading regions. The latest developments increase […]
The yield on India’s 10-year G-Sec hovered around 7.22%, extending gains to over two-year highs as expectations of higher debt supply and tighter monetary policy weighed on bond prices. States and union territories plan to raise INR 3.61 trillion through bonds in October-December, above market estimates of INR 3.25-3.50 trillion, with issuance skewed toward longer […]
Turkey’s annual inflation rate slowed to 29.73% in September 2026 from 31.51% in the previous month, below market expectations of 30.3%. It marked the lowest reading since November 2021, strengthening expectations for an interest rate cut later this month as policymakers seek to alleviate liquidity pressures linked to the domestic fund crisis. While elevated oil […]
The S&P Global South Africa PMI fell to 49.0 in September 2026 from 50.5 in August, signalling a renewed contraction in private sector activity and the weakest performance so far this year. The downturn was driven by a sharp decline in new orders, which fell at the fastest pace in two-and-a-half years amid uncertainty over […]