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The European Central Bank is expected to raise its key interest rates by 25 basis points on Thursday, marking the second hike since the US-Iran war began, while signaling caution over further increases that could weigh on economic activity. The main refinancing rate is expected to rise to 2.65%, and the deposit rate to 2.5%. […]
Iron ore futures slipped toward CNY 730 per ton, pulling back from six-week highs amid rising concerns over demand in top consumer China as steel margins continued to deteriorate. Industry data showed that only around 30% of steelmakers were profitable as of September 4, down from 32.5% a week earlier and 61% during the same […]
Steel rebar futures traded around CNY 3,105 per ton, hovering close to two-week lows as profitability across Chinaโs steel industry continued to deteriorate. Industry data showed that only around 30% of steelmakers were profitable as of September 4, down from 32.5% a week earlier and 61% during the same period last year. Meanwhile, Chinaโs blast […]
US producer prices are expected to rise 0.4% month-over-month in August 2026, marking the strongest increase in three months after remaining unchanged in July, signalling a renewed acceleration in producer-level inflation. Core producer prices, which exclude the more volatile food and energy components, are forecast to rise 0.3% mom, accelerating from the 0.2% increase recorded […]
Nickel traded around $16,900 per tonne, extending gains from the previous session and tracking broader strength across industrial metals. Copper prices remained near fresh record highs, reinforcing continued strength across the industrial metals sector. Battery-sector demand also showed signs of improvement, with recycled nickel sulphate production rising nearly 6% month-on-month in August, driven by stronger […]
The yen has recently been one of the strongest currencies in the world, and this market has a new player who openly says he is playing with “loaded” cards. US Treasury Secretary Scott Bessent, during a speech at a Texas university, challenged traders by saying โI am the house now”. This means that such a […]
Today’s session on the financial markets will be dominated by the European Central Bank’s interest rate decision (14:15) and the subsequent press conference (14:45). Consensus assumes a 25 basis point hike in the main refinancing rate to 2.65%, and the deposit rate to 2.5%. Another key point of the day will be afternoon US publications […]
EUR/JPY remains steady after three days of losses, trading around 178.60 during the Asian hours on Thursday. Technical analysis of the daily chart indicates the currency cross remains within the descending channel pattern, signalling a bearish bias. The EUR/JPY cross is maintaining a bearish near-term bias as it holds beneath both the nine-period and 50-period […]
Gold (XAU/USD) hovers around the $4,400 mark through the Asian session on Thursday as traders seem hesitant to place directional bets ahead of US inflation figures. The US Producer Price Index (PPI) report will be published later this Thursday, while the US Consumer Price Index (CPI) is due on Friday. The key data will provide […]
The AUD/USD pair holds steady above the 0.7200 mark through the Asians session on Thursday and remains close to its highest level since May 14, touched earlier this week. Traders seem hesitant and opt to wait for the key US inflation data for more cues about the Federal Reserve’s (Fed) policy path, which will drive the US Dollar […]
