Economic Calendar: ECB Decision, PCE Inflation, and Amazon Earnings in the Spotlight
Economic Calendar: ECB Decision, PCE Inflation, and Amazon Earnings in the Spotlight
The morning is marked by assessments of the impact of yesterday’s Fed decision and a wave of earnings reports from Big Tech companies. As expected, the Federal Reserve kept rates unchanged , with hawkish dissenting votes from Hammack and Cook; however, Fed Chairman Kevin Warsh’s press conference did not yield any hawkish surprises—which weighed on […]
by Currency Hedger
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- 2 days ago
Institutional, OCBC
New Zealand Dollar: Downside limited after RBNZ surprise – OCBC
OCBC strategists Sim Moh Siong Christopher Wong highlight that the New Zealand Dollar (NZD) fell after the Reserve Bank of New Zealand (RBNZ) unexpectedly held the OCR at 2.75%. Policymakers still signal tighter policy ahead, with two further hikes expected in December and 1Q27. This stance should cap further NZD downside, with 0.5600 flagged as […]
by Currency Hedger
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- 2 days ago
CommerzBank, Institutional
US Dollar: Fed meeting keeps Dollar steady – Commerzbank
Commerzbank’s Michael Pfister highlights that the Federal Reserve left rates unchanged, with two dissenting votes for a hike. Strong US growth and labour data support a high probability of December tightening, yet inflation expectations are seen improving. Planned changes to meeting structure from 2027 should shift USD volatility toward data releases rather than Fed decisions. […]
by Currency Hedger
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- 2 days ago
Swedish Economy Slows as Monthly GDP Contracts 0.7% Despite Strong Business Confidence
Sweden’s economy lost momentum in September 2026, with monthly GDP contracting by 0.7% following an upwardly revised 1.2% expansion in August. The decline marks the fifth monthly contraction so far this year and the sharpest monthly fall since February 2025, highlighting growing volatility in the recovery. Despite the monthly setback, preliminary figures show that the […]
by Currency Hedger
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- 2 days ago
Market Analysis, Metals, Technical Analysis
Copper Prices Retreat from Two-Week Highs as Profit-Taking Meets Tight Chinese Supply
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 […]
by Currency Hedger
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- 2 days ago
INR, Market Analysis, Technical Analysis
Indian Rupee falls to two-week low as higher oil prices continue to weigh
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 […]
by Currency Hedger
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- 2 days ago
JPY, Market Analysis, Technical Analysis
Japanese Yen flattens against US Dollar, BoJ policy takes centre stage
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 […]
by Currency Hedger
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- 2 days ago
Institutional, UOB
Euro: Downside risk hinges on 1.1110 against US Dollar – UOB
UOB strategists Quek Ser Leang and Lee Sue Ann highlight that EUR/USD has shifted into a short-term range phase after rebounding to 1.1152. For the next 24 hours they see consolidation between 1.1120 and 1.1190. Over a 1–3 week horizon, a sustained decline requires a break and close below 1.1110, while a corrective recovery could […]
by Currency Hedger
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- 2 days ago
JPY, KRW, Market Analysis, Technical Analysis
FX Market Update: South Korean Won Leads Currency Gains as Euro Weakens
The South Korean won leads the latest currency performance snapshot, rising 0.48% as the US dollar index edges higher and the euro comes under modest pressure. The dollar index gains 0.07%, while the British pound and Japanese yen remain little changed. The mixed performance highlights divergent movements across major currencies, with the won recording the […]
by Currency Hedger
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- 2 days ago
IDR, Market Analysis, Technical Analysis
Indonesian Rupiah Under Pressure as Fiscal Risks and Foreign Outflows Weigh on Sentiment
The Indonesian rupiah remains under pressure against the US dollar, recovering partially towards IDR 18,120 per dollar after weakening to IDR 18,185. Bank Indonesia has reiterated its commitment to supporting the currency through intervention in the non-deliverable forward (NDF), domestic non-deliverable forward (DNDF) and spot markets, alongside purchases of government bonds in the secondary market. […]
by Currency Hedger
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- 2 days ago