Turkish Lira: CPI surprise seen enabling rate cut – Commerzbank
CommerzBank, Institutional
Turkish Lira: CPI surprise seen enabling rate cut – Commerzbank
Tatha Ghose at Commerzbank reports Turkey’s September Consumer Price Index (CPI) fell below 30% year-on-year, with softer month-on-month gains, creating scope for the central bank to cut rates by 100 bps. He warns the Lira remains heavily managed by official intervention and cannot benefit sustainably. A rate cut and possible re-acceleration of inflation later this […]
by Currency Hedger
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- 3 days ago
Dankse Bank, Institutional
Equities: Broad catch-up as yields back up – Danske Bank
Danske Research Team report that Equities moved higher on Monday, with the Nasdaq hitting a fresh record and the S&P 500 just 0.3% below its own peak. Gains occurred despite another backup in long‑term yields, with positive market breadth and an unusual sector mix. The move is described as a broader catch‑up session rather than […]
by Currency Hedger
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- 3 days ago
ING, Institutional
Brent: Prices hold near $100 as Gulf risks persist – ING
ING analysts Warren Patterson and Ewa Manthey note that ICE Brent is still finding support around the $100/bbl level as geopolitical risks in the Persian Gulf outweigh an improving supply backdrop. They highlight recent attacks on Saudi infrastructure, adjustments in Kuwait and Saudi output and pricing, and lingering vulnerability in European natural gas storage ahead […]
by Currency Hedger
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- 3 days ago
Institutional, UOB
Euro: Downtrend slows but further lows possible against US Dollar – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note that EUR/USD briefly broke below 1.1180 to a 17‑month low before rebounding to close around 1.1220. Intraday, they expect consolidation inside a defined range. Over the coming 1–3 weeks, they retain a negative Euro bias, warning that while momentum is slowing, a […]
by Currency Hedger
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- 3 days ago
CAD, Hedging, Market Analysis, Technical Analysis, USD
Canadian Dollar softens as oil prices fall
The USD/CAD pair gathers strength to near 1.4275 during the early European trading hours on Tuesday. Falling crude oil prices drag the commodity-linked Canadian Dollar (CAD) lower against the US Dollar (USD). Canada’s Ivey Purchasing Managers Index (PMI) data is due later on Tuesday. The Group of Seven nations (G7) on Friday agreed to release […]
by Currency Hedger
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- 3 days ago
Metals, Technical Analysis
Silver Price Forecast: XAG/USD falls to near $60.50 as US Treasury yields rise
Silver price (XAG/USD) pares its recent gains from the previous day, trading around $60.70 per troy ounce during Asian hours on Tuesday. Silver remains locked near two-month lows as a resilient US Dollar (USD) and surging Treasury yields continue to overshadow supportive economic drivers. While softer US employment figures and diminished expectations for an October […]
by Currency Hedger
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- 3 days ago
JPY, Market Analysis, Technical Analysis, USD
Japanese Yen steadies amid expansionary fiscal plans, rate hike uncertainty
USD/JPY moves little after posting minor gains in the previous day, trading around 157.90 during Asian hours on Tuesday. The currency pair has steadied into a tight trading range following recent developments in Japanese fiscal policy. Japan’s Prime Minister, Sanae Takaichi, is pushing forward with expansionary economic measures despite persistent concerns surrounding the weak Yen […]
by Currency Hedger
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- 3 days ago
BoJ may indicate underlying inflation is near the 2% target, sources say
The Bank of Japan (BoJ) could indicate later this month that underlying inflation has reached nearly its 2% target, according to three sources familiar with the central bank’s thinking. Such a signal would underscore the BoJ’s willingness to resume raising interest rates in the coming months. While the announcement would be largely symbolic, it could […]
by Currency Hedger
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- 3 days ago
EUR, JPY, Market Analysis, Technical Analysis
EUR/JPY Price Forecast: Tests 177.50 after rebounding from descending channel bottom
EUR/JPY halts its seven-day losing streak, trading around 177.40 during Asian hours on Tuesday. Technical analysis of the daily chart shows that the currency cross is remaining close to the lower boundary of the descending channel, suggesting the price holds support and a temporary bounce. However, a break below the channel would signal accelerating downward […]
by Currency Hedger
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- 3 days ago
AUD, JPY, Market Analysis, Technical Analysis
AUD/JPY Price Forecast: Strengthens above 110.00, while bearish technical bias persists
The AUD/JPY cross trades in positive territory near 110.20 during the early European trading hours on Tuesday. Traders await the speech from the Bank of Japan (BoJ) Governor Kazuo Ueda later on Tuesday for more clues on the interest rate outlook. The BoJ could indicate later this month that underlying inflation has reached nearly its […]
by Currency Hedger
- 0 Comments
- 3 days ago