ING’s Francesco Pesole explains that despite political noise in Germany and an additional ECB hike now expected in December, ING keeps its EUR/USD profile unchanged with a 1.160 year-end target. He sees similar front-end pricing for EUR and USD, expects dovish repricing on lower energy prices, but highlights mostly downside risks for EUR/USD this week, especially if […]
Financial markets enter the final weeks of the third quarter with uncertainty and volatility still elevated, although a decline in oil prices and renewed optimism surrounding US-China engagement have provided some relief to equities at the start of the week. Brent crude has fallen back toward $101.70 a barrel, while European shares and US equity […]
GBP/USD is trading below 1.3400 at the start of the week, with the pair around 1.3375 during early European trading. Sterling remains under pressure after the US Federal Reserve delivered a hawkish rate increase last week, while the technical structure continues to point to downside pressure as long as the pair remains below its 100-day […]
Estonia’s producer prices rose by 3.3% year-on-year in August 2026, easing from 3.5% in the previous month. Price growth slowed in mining and quarrying (3.4% vs 4.7% in July), while it declined in electricity, gas, steam, and air conditioning, falling sharply by 13.8% from 8.4% previously. Meanwhile, producer prices in manufacturing accelerated to 4.8% from […]
Singapore’s seasonally adjusted unemployment rate stood at 1.9% in Q2 2026, slightly below the preliminary estimate of 2.0% and the lowest since Q4 2024, amid stronger economic growth. Yet labour conditions stayed uneven. Layoffs rose to 4,620, the highest since Q4 2020, up from 3,830 in Q1, led by outward-oriented sectors including manufacturing, communications and […]
Silver prices are consolidating around $66.35 per ounce at the start of the week after posting a strong recovery through the second half of last week. The white metal remains above its short-term trend support, but gains have paused as traders assess the Federal Reserve’s renewed tightening cycle, changing expectations for inflation and developments surrounding […]
The AUD/USD remains above the 0.7100 level at the start of the week, with the Australian Dollar finding support after a modest gap lower. The pair is trading around 0.7120-0.7125, but the recovery has so far lacked strong upside momentum as traders position ahead of several potentially market-moving events in Australia, the United States and […]
USD/CHF gains ground after two days of losses, trading around 0.8230 during the Asian hours on Monday. The pair appreciates as the US Dollar (USD) gains support amid hawkish sentiment surrounding the Federal Reserve (Fed) policy outlook. Last week, the US Federal Reserve delivered a 25-basis-point rate hike, its first hike in three years, as officials sought to […]
The EUR/JPY exchange rate is holding around 180.25 at the start of the European session on Monday, consolidating after a sharp recovery from the September lows. Trading conditions are thinner than normal because Japanese markets are closed for a three-day holiday, while traders remain alert to the possibility of Japanese authorities intervening to support the […]
Chinese iron ore futures climbed above CNY 715 per tonne on Monday, extending gains for a fourth consecutive session as steel mills increased purchases ahead of China’s extended National Day Golden Week holiday in early October. The recovery comes after iron ore recently traded near one-month lows, with pre-holiday restocking providing an important short-term demand […]