Brazilian Real Crashes Against the US Dollar as Lula’s Election Victory Sparks Fiscal Fears
BRL, Market Analysis, Technical Analysis
Brazilian Real Crashes Against the US Dollar as Lula’s Election Victory Sparks Fiscal Fears
Brazil’s real faces renewed pressure against the US dollar after President Luiz Inácio Lula da Silva secured a surprise re-election victory, triggering concerns over the country’s fiscal outlook, political stability and the direction of economic policy. The currency reportedly plunged more than 12% to 5.60 per US dollar, its weakest level since late May 2025. […]
by Currency Hedger
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- 5 days ago
Commodities, Market Analysis, Technical Analysis
Wheat Price Forecast: Futures Hold Near 15-Week Low at $6.30 as Rising Global Supply Weighs on Prices
Wheat futures are holding near $6.30 per bushel, close to their lowest level since July 9, as expectations of improved Black Sea grain trade and rising global production weigh on market sentiment. Hopes for progress towards ending the Russia-Ukraine war have reduced some of the geopolitical risk premium in wheat prices, while increasing shipments from […]
by Currency Hedger
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- 5 days ago
Energies, Market Analysis, Technical Analysis
Chart of the day: European gas ever closer to 100 EURMWh
Key takeaways European natural gas (NATGAS.EU, a contract based on Dutch TTF) is trading today at 95.41 EUR/MWh, and in early trading the price reached as high as 97.5 EUR/MWh, the highest level since 2022. This is a continuation of one of the most dynamic price rallies in commodity markets this year: +8.78% weekly, +35.51% […]
by Currency Hedger
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- 5 days ago
French 10-Year Bond Yield Retreats Below 5%
France’s 10-year OAT yield fell back below 5% at the end of October after reaching its highest level since June 2002 last week, as a sell-off in French government bonds eased following Moody’s decision to maintain the country’s sovereign credit rating. The market also found some relief after weekend protests passed without the widespread unrest […]
by Currency Hedger
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- 5 days ago
German Business Sentiment Improves Further in October
Germany’s Ifo Business Climate Index edged up to 90.2 in October 2026, its highest level since May 2023, slightly above market expectations of 90.0. The improvement was driven by more optimistic business expectations, which rose to 91.6 from 90.4 in September, suggesting that the economic recovery is gaining momentum despite an energy price shock that […]
by Currency Hedger
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- 5 days ago
European Bond Markets Mixed Ahead of Central Bank Decisions
European government bonds traded mixed, with Germany’s 10-year Bund yield rising to 3.37% as safe-haven demand weakened, while France’s 10-year yield retreated below 5% as selling pressure eased following Moody’s decision to maintain the country’s sovereign credit rating. A modest decline in oil prices also supported European bonds, as investors turned their attention to upcoming […]
by Currency Hedger
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- 5 days ago
EUR, GBP, Market Analysis, Technical Analysis
Euro tests 0.8400 against British Pound as German business climate beats expectations
The Euro (EUR) extends gains against the British Pound on Monday, following the release of a better-than-expected German IFO Business Climate report. The EUR/GBP pair has reversed a previous pullback and is testing the 0.8400 level at the time of writing, posting a 0.3% recovery from the year-to-date lows near 0.8360 hit earlier on Friday. […]
by Currency Hedger
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- 5 days ago
Dankse Bank, Institutional
British Pound: Stronger PMIs lean hawkish for BoE – Danske Bank
Danske Research Team notes UK flash PMIs strengthened in October, with the composite rising to 53.1 and new orders growing at the fastest pace in over two years. Employment returned to growth, but input cost inflation hit its highest level since June. The bank judges the release leans hawkish for the BoE ahead its November […]
by Currency Hedger
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- 5 days ago
Institutional
Japanese Yen: BoJ outlook supports December hike odds – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad expects the Bank of Japan (BoJ) to keep its policy rate at 1.25% while assessing September’s hike before tightening again. Firmer underlying inflation could lead to a more hawkish Outlook Report, with swaps pricing a high probability of a December move to 1.50%. This shift in expectations is seen […]
by Currency Hedger
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- 5 days ago
Institutional, UOB
Swiss Franc: Range trading outlook against US Dollar – UOB
United Overseas Bank analysts Quek Ser Leang and Lee Sue Ann note that USD/CHF has shifted from a prior negative bias into a range-trading phase. They see the Dollar’s rapid rebound losing momentum below key resistance, with intraday support levels defining near-term risks. Over the 1–3 week horizon, they expect consolidation between 0.8200 and 0.8290. […]
by Currency Hedger
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- 5 days ago