Australia’s 10-year government bond yield rose above 5.4%, near its highest level since mid-2011, tracking elevated US Treasury yields amid persistent energy-driven inflation concerns. The 10- and 30-year US Treasury yields traded near levels not seen since 2002 as oil prices remain elevated, raising inflationary risks and expectations for tighter monetary policy. In Australia, markets […]
The Bank of Japan is moving into a more active phase of monetary tightening, with policymakers increasingly supporting further interest-rate increases as underlying inflation approaches the 2% target and upside price risks remain elevated. The September meeting summary shows a clear shift in the policy debate. Some policymakers argued that the BoJ should accelerate rate […]
Cotton futures are under pressure as prices move lower across the futures curve, while a firmer US dollar and higher crude oil add competing influences to the market. The latest decline leaves December cotton around 78.52 cents per pound, with March 2027 futures holding above 81 cents. Physical cotton indicators are providing a mixed signal. […]
European natural gas prices are easing after a sharp previous advance, but the broader market remains highly sensitive to Middle East developments, LNG availability and Europe’s relatively low storage levels heading into winter. Gas prices remain substantially higher than at the start of the year, reflecting continued uncertainty surrounding the Strait of Hormuz and the […]
Live cattle futures are pushing higher as firm cash cattle values, restricted market-ready supplies and significantly lower year-on-year slaughter continue to support the market. Feeder cattle are also gaining strongly as weaker corn prices improve feed-cost expectations and support feedlot economics. The fundamental picture remains underpinned by tight cattle availability, while mixed boxed beef values […]
Key takeaways Markets are in an upbeat mood this morning, and stocks and bonds are rallying together even though inflation in France was stronger than expected and UK GDP also received a surprise upside revision for the second quarter. This suggests that the main driver for sovereign bonds right now is the oil price. Brent […]
The spotlight today will be on August’s PCE reading, the Fed’s preferred inflation gauge, which is expected to show acceleration in both core and headline figures. A stronger-than-expected reading would reinforce the Fed’s hawkish stance, whereas a weaker figure could dampen expectations for another rate hike. Following the market close, Micron Technology will release its […]
Gold (XAU/USD) edges lower during the Asian session on Wednesday, reversing part of the previous day’s modest recovery gains from the $4,100 neighborhood, or the lowest level since August 5, touched earlier this week. The downside, however, seems cushioned as traders keenly await important US macro data before placing fresh directional bets on the commodity. […]
EUR/JPY remains subdued for the fourth successive day, trading around 177.70 during Asian hours on Wednesday. Technical analysis of the daily chart shows that the currency cross remains confined within a descending channel pattern. This continuous formation reinforces a persistent bearish outlook for the pair. The EUR/JPY cross is holding a bearish near-term bias as […]
Silver (XAG/USD) attracts some sellers near the $61.75 area during the Asian session on Wednesday, stalling the previous day’s recovery from the $60.30 region, or the lowest level since August 5. The white metal currently trades near the $61.00 mark, down around 0.70% for the day, as traders now look to the US Personal Consumption […]