Euro: Political stress and limited FX reaction – Commerzbank
CommerzBank, Institutional
Euro: Political stress and limited FX reaction – Commerzbank
Commerzbank analysts Michael Pfister and Tatha Ghose examine how Euro political risks, especially in France, Spain and Italy, transmit to EUR/USD and a trade-weighted Euro. Their study since 2010 finds the Euro reacts more when several Euro area countries and banks are under stress, with current French spread widening seen as a historically normal episode. […]
by Currency Hedger
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- 1 month ago
US 10-Year Treasury Yield Highest Since 2002
The yield on the US 10-year Treasury note continued to rise for a fourth consecutive session at the start of the final quarter of the year, reaching 5.33%, its highest level since early 2002. Meanwhile, the yield on the 2-year Treasury note, which is more sensitive to expectations for near-term Federal Reserve policy, rose to […]
by Currency Hedger
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- 1 month ago
Italy BTP Yield Surges on ECB Rate Hike Bets
Italy’s 10-year BTP yield surged past 4.70%, reaching fresh three-year highs, as a deepening energy shock strengthened expectations of further ECB rate hikes. Following higher-than-expected inflation across major euro-area economies, markets are pricing in a third ECB rate hike by year-end and at least three hikes in 2027, pushing borrowing costs higher. Concerns over debt […]
by Currency Hedger
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- 1 month ago
Energies, Market Analysis, Technical Analysis
NATGAS falls 1.2%. What about winter?
Key takeaways US gas prices retreat ahead of storage report US natural gas (NATGAS) is down 1.2% today, with its price below the psychological threshold of $3.00/MMBtu. The market is under strong oversupply pressure, and bearish sentiment also dominates in Europe, where supply concerns are mitigated by stable LNG transit and favorable weather. What to […]
by Currency Hedger
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- 1 month ago
Eurozone Manufacturing Shows Slightly Better Final PMI Data
Growth in the eurozone’s industrial sector unexpectedly accelerated in September to its fastest pace in more than four years, driven by strong demand for capital goods. Upward trends are also evident in key European economies, although rising inflationary pressures and falling demand for consumer goods are raising concerns about the next steps central banks will […]
by Currency Hedger
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- 1 month ago
Market Analysis, Technical Analysis
Risk Aversion to Start The Month
Pinch, Punch, bond yields surge as FTSE 100 has bruising start to October Stocks are sinking and global bond yields are rising in an ominous start to the quarter for financial markets. The FTSE 100 is lower by 1.7% so far this morning, and the Dax is also lower by more than 1%, as investors […]
by Currency Hedger
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- 1 month ago
Metals, Technical Analysis
Platinum: surplus returns after three years of deficit, and price falls below key support. Is there a chance for recovery?
Key takeaways Platinum is priced at $1,699 per ounce, although during the January rally it came very close to $3,000, surpassing previous historic highs. Platinum is currently losing over 3% week-on-week, 2.5% month-on-month, and 20.5% year-to-date, although on a twelve-month horizon it is still up about 8.5%. It is about 42% away from January’s record […]
by Currency Hedger
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- 1 month ago
Commodities, Technical Analysis
Commodities Market: September and Third Quarter 2026. What next?
Monthly Summary September was a month in which the commodities market stopped moving as a whole. The average weekly change of the basket was minus 2.31%, and only eight of the twenty-six instruments finished the last session in positive territory. This is not a picture of a broad bull market or a broad bear market, […]
by Currency Hedger
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- 1 month ago
Market Analysis, NZD, Technical Analysis, USD
New Zealand Dollar weakens toward 0.5600 as bitterly fought election looms
The NZD/USD pair loses momentum to near 0.5615 during the early European trading hours on Thursday. The New Zealand Dollar (NZD) weakens against the US Dollar (USD) as the tighter New Zealand election race raises investor fears on policy backflips. Traders await the US weekly Initial Jobless Claims data and the Fedspeak later on Thursday. […]
by Currency Hedger
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- 1 month ago
EUR, Market Analysis, Technical Analysis, USD
EUR/USD Price Forecast: Downside pressure might intensify below 1.1300
The Euro (EUR) is down 0.16% at around 1.1310 against the US Dollar (USD) during the European trading session on Thursday. The major currency pair is under pressure as the US Dollar outperforms due to surging United States (US) Treasury Yields. US Dollar Price Today The table below shows the percentage change of US Dollar […]
by Currency Hedger
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- 1 month ago