The US dollar is holding near 102.4 after advancing for three consecutive sessions, with investors becoming increasingly cautious ahead of the Federal Reserve’s latest monetary policy decision. Markets widely expect the central bank to leave interest rates unchanged, shifting attention towards its policy statement and any signals about the possibility of another rate increase in […]
US cattle markets are showing diverging price action, with live cattle futures under pressure while feeder cattle contracts advance on stronger auction prices and continued support from wholesale beef values. The latest session highlights a market balancing softer live cattle futures against firm demand for feeder animals and elevated boxed beef prices. Live cattle contracts […]
The Japanese yen is under renewed pressure, with USD/JPY approaching the 158 level as improving sentiment across the artificial intelligence sector reduces demand for traditional safe-haven currencies. Strong earnings from South Korean chipmaker SK Hynix have reinforced optimism surrounding AI-related investment and technology-sector profitability, encouraging a shift in investor positioning. The yen is also facing […]
Platinum futures remain below $1,540 per ounce, trading near their lowest levels since late November 2025 as investment outflows, weaker automotive demand expectations and the prospect of restrictive monetary policy weigh on sentiment. The prolonged conflict in the Middle East has kept energy prices elevated, increasing inflation concerns and reinforcing expectations that major central banks […]
Gold falls below $4,000 per ounce, while silver loses nearly 2%, approaching $53. Markets fear that inflationary pressures will keep US interest rates elevated. Precious metals have come under pressure, with the scale of the declines pointing to deteriorating sentiment ahead of further signals from the Federal Reserve. Gold is down around 0.5%, falling below […]
Key takeaways USDJPY remains in focus ahead of key meetings of the Federal Reserve and the Bank of Japan. On Tuesday, October 27, the pair is trading around 158 as investors prepare for decisions that could shape its direction over the coming weeks. Markets are not currently expecting an interest rate hike from either the […]
Zinc prices are strengthening, with futures rising to $3,830 per tonne, their highest level in four weeks, as declining inventories, elevated electricity costs and constrained near-term supply support the market. Falling stocks in China and reduced refined zinc production across major markets are reinforcing concerns about immediate availability. Inventories held on the Shanghai Futures Exchange […]
HSBC’s FX Viewpoint notes recent Pound resilience, with GBP outperforming most G10 currencies over the past month. The bank expects GBP/USD to trade sideways near term, as domestic downside risks take time to materialise and Bank of England hikes are largely priced in, while flagging the 28 October UK Budget as a key event risk. […]
TD Securities strategists see USD/BRL driven by Brazilian politics and fiscal concerns after Lula’s surprise election win. They expect elevated two-sided volatility around 5.60 in the near term, referencing the 2014 post-election rally and arguing that political uncertainty and fiscal policy worries must ease before the Brazilian Real can stage a sustained recovery. Election shock […]
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann report that USD/JPY rebounded sharply to 157.64 instead of consolidating, with the move seen as overdone and likely to lead to intraday range-trading between 156.90 and 157.80. On a 1–3 week view, the earlier strong downside momentum is slowing, and a break above 157.80 […]