EUR/USD enters the new week attempting to stabilise after a sharp four-session decline pushed the pair into deeply oversold territory. The euro recovered from around 1.1230 to 1.1260 in the latest session, while the 14-day RSI fell to approximately 21.5, one of the lowest readings seen on the pair in years. The extreme technical conditions […]
Private credit markets are showing early signs that the intense redemption pressure seen during 2026 may be starting to moderate. Blue Owl Capital has become one of the clearest indicators of investor stress in the sector, and the latest figures show withdrawal requests from two major funds declining for a second consecutive quarter. Investors sought […]
Brown Brothers Harriman’s Elias Haddad reports EUR/USD has slightly recovered after hitting fresh cyclical lows, with support at 1.1200 and 1.1111. Mixed Eurozone CPI keeps inflation above target and allows the ECB scope for further hikes, but stronger US growth and France’s worsening budget situation leave EUR/USD risks skewed to the downside over the coming […]
ABN Amro’s Rogier Quaedvlieg notes September US labour market data came in weaker than expected, with payrolls at 29k versus consensus 90k and prior months revised down by 60k. He see the report as mixed but consistent with its base case and reducing pressure for an October Fed hike. Weaker jobs and wages temper Fed […]
Royal Bank of Canada analysts review Canada’s September labour report, the first full dataset since U.S. Section 338 tariffs took effect. They estimate around 0.4% of Canada’s GDP and employment is tied to tariff-listed US demand. The bank expects tariffs to stall, but not reverse, labour market progress, with modest job gains and the unemployment […]
Standard Chartered Global Research team discusses Euro area monetary policy, noting that core inflation has only edged up slightly since January and that higher yields pose downside risks to both growth and inflation. The authors judge that these factors reduce the chances of an October rate hike and expect the Governing Council to wait for […]
MUFG analysts Lin Li, Michael Wan, Lloyd Chan and Khang Sek Lee highlight that Asia FX will be driven by the Reserve Bank of India’s (RBI) finely balanced decision on 7 October. They expect RBI to keep rates on hold but stress that a hiking cycle from December is likely, with a total of 50–75bps […]
TD Securities’ Macro Research’s FX team notes the softer US payrolls data is only marginally negative for the Dollar, with the labor market still described as buoyant and neither overheating nor deteriorating. They argue market pricing for Fed hawkishness has likely peaked and see near-term rate hike expectations easing in both the US and Europe. […]
The British Pound is recovering against the US Dollar as a sharply weaker US employment report reduces expectations for a Federal Reserve rate increase in October. GBP/USD has rebounded above 1.32, trading around 1.3250 after recovering from an intraday move below 1.3200. Sterling is gaining support from the changing US monetary-policy outlook, while expectations for […]
Chicago Federal Reserve (Fed) President Austan Goolsbee said in an interview with Fox Business that the labor market is steady and that “the inflation side of the Fed’s job is more important.” Goolsbee said he is open to seeing if there’s evidence that prices are moving toward the Fed’s 2% goal and that he “won’t […]