Copper Gains as Lower Fed Rate Pressure Supports Metals While China Demand Weighs
Market Analysis, Metals, Technical Analysis
Copper Gains as Lower Fed Rate Pressure Supports Metals While China Demand Weighs
Copper prices are finding renewed support above $6.50 per pound as expectations for further Federal Reserve tightening ease following softer US employment data. Lower expectations for interest-rate increases are helping reduce pressure on non-yielding commodities, while longer-term demand prospects linked to data centres, electrification and renewable-energy infrastructure remain supportive. However, copper’s near-term outlook remains mixed. […]
by Currency Hedger
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- 4 days ago
Sweden Services Sector Growth Hits 10-Month High
The Services PMI in Sweden rose to 57.4 in September 2026 from an upwardly revised 56.0 in August, marking the highest level since November 2025. New orders were the largest positive contributor to the increase in the PMI (59.0 vs 56.4 in August), followed by delivery times (62.7 vs 60.9). The employment index also increased […]
by Currency Hedger
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- 4 days ago
EUR, GBP, Market Analysis, Technical Analysis
Euro weakens against British Pound amid French fiscal concerns
The EUR/GBP cross attracts some sellers to around 0.8475 during the early European trading hours on Monday. The Euro (EUR) softens against the British Pound (GBP) as fiscal concerns in France in the wake of a steep bond market rout stoke contagion fears in the Eurozone. The turmoil in the bond market and the EUR’s […]
by Currency Hedger
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- 4 days ago
ING, Institutional
Oil: Diverging supply signals shape Brent – ING
ING’s Warren Patterson notes that ICE Brent has repeatedly dipped below $100/bbl but continues to settle above this level as the market weighs conflicting supply and geopolitical factors. Higher oil flows through the Strait of Hormuz, G7 reserve releases, and recovering Saudi pipeline capacity contrast with persistent Middle East tensions and unchanged OPEC+ production plans. […]
by Currency Hedger
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- 4 days ago
Economic Calendar – Key Services PMIs for Europe and the US, and Central Bankers’ Decisions
Key Releases from the Asian Session Macroeconomic Calendar (CET) Markets to Watch Technical Analysis: Brent Brent crude is currently trading around $101.70, in a clear correction after an unsuccessful attempt to break strong resistance in the 110–114 zone, where the market bounced twice, first in May, then in September. Despite this sell-off, the broader trend […]
by Currency Hedger
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- 4 days ago
Russia Services Sector Maintains Expansion as Private-Sector Growth Improves
Russia’s services sector is maintaining a modest expansion, with the S&P Global Russia Services PMI holding at 51.3 in September, matching its six-month high and marking a second consecutive month above the 50.0 growth threshold. The broader private sector is also showing signs of stabilisation, with the Composite PMI rising to 50.8, its strongest reading […]
by Currency Hedger
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- 4 days ago
Singapore Retail Sales Growth at Nearly 3-Year Low
Retail sales in Singapore grew by 0.7% year-on-year in August 2026, slowing from a downwardly revised 1.3% increase in July and marking the softest rise since September 2023. The slowdown was driven mainly by a sharp decline in sales of motor vehicles, parts and accessories (-4.6% vs 1.3% in July), watches and jewellery (-2.7% vs […]
by Currency Hedger
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- 4 days ago
Japan Consumer Mood Falls from 6-Month High
Japan’s consumer confidence index edged down to 35.4 in September 2026 from August’s six-month high of 35.5, slightly beating market expectations of 35.3. Sentiment weakened in two of the four major components, with households reporting weaker views on income growth (40.5 vs 40.9 in August) and employment prospects (40.0 vs 40.1). Meanwhile, sentiment improved regarding […]
by Currency Hedger
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- 4 days ago
UAE Non-Oil Private Sector Growth Holds at 20-Month High
The S&P Global UAE PMI was unchanged at 55.3 in September 2026, matching August’s 20-month high and signalling a marked improvement in non-oil private sector business conditions. Growth was supported by a rapid increase in output, which accelerated to a seven-month high, while new orders continued to rise markedly despite easing from August’s seven-month high. […]
by Currency Hedger
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- 4 days ago
Saudi Non-Oil Private Sector at 7-Month High
Riyad Bank Saudi Arabia’s PMI jumped to 55.3 in September 2026 from 53.8 in August, marking the sixth consecutive month in expansionary territory. This also marked the highest reading since February, driven by a sharp increase in new orders, which moved closer to its long-run average and signaling a recovery in demand after a softer […]
by Currency Hedger
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- 4 days ago