MUFG analysts Lin Li, Michael Wan, Lloyd Chan and Khang Sek Lee highlight that Asia FX will be driven by the Reserve Bank of India’s (RBI) finely balanced decision on 7 October. They expect RBI to keep rates on hold but stress that a hiking cycle from December is likely, with a total of 50–75bps […]
TD Securities’ Macro Research’s FX team notes the softer US payrolls data is only marginally negative for the Dollar, with the labor market still described as buoyant and neither overheating nor deteriorating. They argue market pricing for Fed hawkishness has likely peaked and see near-term rate hike expectations easing in both the US and Europe. […]
The British Pound is recovering against the US Dollar as a sharply weaker US employment report reduces expectations for a Federal Reserve rate increase in October. GBP/USD has rebounded above 1.32, trading around 1.3250 after recovering from an intraday move below 1.3200. Sterling is gaining support from the changing US monetary-policy outlook, while expectations for […]
Chicago Federal Reserve (Fed) President Austan Goolsbee said in an interview with Fox Business that the labor market is steady and that “the inflation side of the Fed’s job is more important.” Goolsbee said he is open to seeing if there’s evidence that prices are moving toward the Fed’s 2% goal and that he “won’t […]
The Mexican Peso is recovering modestly against the US Dollar, but the broader trend remains under pressure as a narrowing US-Mexico interest-rate differential continues to weaken the appeal of the Mexican carry trade. USD/MXN has eased from a recent high near 18.35 to around 18.21, while the Peso remains on course for a weekly decline […]
Silver price retreats on Friday, dropping about 0.76% as US Treasury yields edged higher, capping US Dollar depreciation, while investors punished the Greenback following a soft US jobs report. The XAG/USD trades at $60.50 at the time of writing. XAG/USD Price Forecast: Technical Outlook The white metal finished with weekly losses of over 6%, below […]
Crude oil and gasoline prices are facing renewed pressure as the planned release of strategic petroleum reserves adds a significant source of supply to the market, while ongoing tensions across the Middle East and disruptions to Russian energy infrastructure continue to create risks to global oil flows. November WTI crude oil is trading lower after […]
Natural gas prices are finding support from changing US weather expectations, with forecasts for cooler conditions across parts of the northern and western United States potentially increasing heating demand later this month. However, the medium-term outlook remains balanced by strong domestic production, elevated storage levels and expectations for warmer-than-normal conditions associated with a potentially strong […]
Coffee prices are showing modest strength as short covering, currency movements and emerging concerns over Brazil’s 2026/27 crop provide support. Robusta has been particularly firm, reaching a five-week high as speculative positioning becomes increasingly short. However, the broader fundamental picture remains mixed. Global production is expected to reach record levels, Brazil’s 2026 crop estimates have […]
Cocoa prices are showing renewed strength as higher producer prices in Ghana, emerging El Niño risks and concerns over the next West African crop provide support. At the same time, strong current-season production from Ivory Coast and Ghana, elevated exchange inventories and mixed chocolate demand continue to create a complex fundamental backdrop. The market is […]