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Polandโs industrial output eased to 4.3% year-on-year in August 2026 from a revised 4.9% in the previous month, falling short of expectations of 6.8%. This marked the lowest reading since April, as production growth slowed in manufacturing (3.4% vs 4.4% in July), weighed down by slower growth in beverages (6.1% vs 16.9%) and repair, maintenance, […]
UK 10-year gilt yields rose to 5.25% on Friday after falling more than 10bps in the previous session, as investors digested stronger-than-expected retail sales and this weekโs central bank decisions. UK retail sales rose 0.5% in August, defying expectations for a 0.2% decline and rebounding from Julyโs fall. Department stores led the recovery as retailers […]
What Are the World’s Leading Banks Saying About Currencies, Energy Markets, Central Banks and Geopolitical Risk? Foreign exchange markets can move in seconds. A central bank decision, inflation surprise, change in interest-rate expectations, energy-price shock or geopolitical development can rapidly alter the value of a currency and change the cost of an international transaction. For […]
Theย British Poundย (GBP) has ticked up against the US Dollar (USD) on Friday, following an unexpected increase in UK Retail Sales. The GBP/USD pair, however, remains on its back foot, trading at 1.3370, ahead of the London session opening, on track for a 1.15% weekly decline, crushed by the diverging monetary policy decisions of the Federal […]
Danske Bankโs Danske Research Team reports a strong rebound in global equities, with the S&P 500, Nasdaq, Stoxx 600 and Kospi all posting solid gains despite a recent Fed hike and further tightening priced. The team argues that robust consensus earnings growth of 35% and rising estimates make a sustained equity sell-off difficult, advocating a […]
MUFG notes that Oil prices have declined as markets reassess supply risks tied to the US-Iran war and regional chokepoints. Saudi Arabiaโs efforts to restore the East-West pipeline and continued tanker traffic through the Strait of Hormuz, alongside diplomatic moves by the US, Gulf nations, China and Iran, have supported a rally in risk assets […]
United Overseas Bankโs (UOB) Quek Ser Leang maintains a bearish stance on EUR/USD after recent declines, expecting the pair to trade intraday between 1.1460 and 1.1500 as momentum eases. Over the coming weeks, the Euro (EUR) is seen potentially extending losses toward 1.1435 and 1.1400, with strong resistance at 1.1545 and EMAs signalling further downside. […]
USD/IDR halts its six-day winning streak, trading around 17,780 during Asian hours on Friday. The currency pair continues to hold its losses, with the Indonesian Rupiah (IDR) drawing strength from a pullback in crude oil prices. Lower energy costs have helped ease fears of imported inflation across the region. Crude prices tumbled following reports that […]
UK retail sales volumes rose 0.5% month-on-month in August 2026, defying market expectations of a 0.2% fall and rebounding from a 0.5% decline in July. Non-store retailers partially recovered from Julyโs decline, when earlier promotional activity in June pulled sales forward. Non-food store sales volumes rose 0.6%, with department stores recovering from stock availability issues […]
Germanyโs producer prices advanced 4.6% year-on-year in August 2026, marking the fifth straight month of producer price growth and accelerating from Julyโs reading of 3.0% while surpassing market forecasts of 4.1%. It was the fastest increase in producer prices since April 2023, mainly boosted by rises in energy prices (8.3% vs 3.8% in July), driven […]
