European natural gas prices have fallen below €72/MWh, but the decline comes against a tightening winter supply backdrop. Traders continue to monitor disruptions to LNG flows through the Strait of Hormuz, while uncertainty surrounding Gulf supplies and below-average European storage levels leave the market vulnerable to renewed price volatility. The supply picture is particularly important […]
Australian household spending was flat month-on-month in August 2026, following a 1.1% increase in the prior month and ending three consecutive months of growth. Spending continued to rise on transport (2.3% vs 0.5% in July), hotels, cafes and restaurants (0.8% vs 1.1%), and miscellaneous goods and services (0.3% vs 1.3%). However, these gains were offset […]
Live cattle futures are facing renewed pressure as feeder cattle prices weaken and US cattle slaughter remains below year-ago levels. The latest cash market has yet to develop, while relatively light trading activity is leaving futures increasingly sensitive to wholesale beef values, feedlot showlists and expectations for near-term slaughter. At the same time, boxed beef […]
The Japanese yen is holding around 157.5 per US dollar, maintaining recent gains as increasingly direct warnings from Tokyo and coordination with Washington reinforce expectations that authorities are becoming more concerned about excessive yen weakness. Japan’s top currency diplomat Atsushi Mimura said markets should take the latest message from Tokyo and Washington at face value, […]
The yield on the US 10-year Treasury note strengthened above 5.2% on Tuesday, approaching its highest levels since 2002 as markets anticipated further Federal Reserve tightening to combat energy-driven inflation linked to persistent US-Iran uncertainty. Markets are currently pricing in roughly a 70% probability of a Fed rate increase in October. Oil prices extended their […]
Euro futures traded lower, reaching 1.1350 before closing near 1.1365, marking the lowest level since mid-July. The decline was driven by U.S. dollar strength following rising inflation expectations and shifting Federal Reserve rate hike expectations. The euro has fallen approximately 3% since its August peak above 1.17. Meanwhile, option-derived volatility increased alongside the market decline, […]
Key takeaways The Week Ahead: a key moment for the global economy as threats rise Oil prices are rising once more on Monday, and Brent crude is higher by more than 3% after last week’s hopes for a diplomatic solution to reopen the Strait of Hormuz have been dashed. The Brent crude continuous contract is […]
Gold prices fell by more than 4% on Monday, breaking through key support levels and dropping below the $4,200-per-ounce mark to their lowest level in nearly two months. The sell-off in the precious metals market is the result of cumulative pressure from rising U.S. Treasury yields and resurgent inflation fears fueled by a spike in […]
Shift in narrative Just a few days ago, the market was heavily fearing a return of crude oil prices to new all-time records during the ongoing war. However, now investors are starting to play out a completely different scenario: the collapse of the Iran blockade. Although oil prices are rebounding significantly during the last Monday […]
MUFG’s Lloyd Chan warns that the Indonesian Rupiah remains exposed as US yield increases erode Indonesia’s rate support. Bank Indonesia has shifted focus from further rate hikes to non-rate stabilisation tools, such as cheaper FX hedging, but renewed foreign portfolio outflows and prospects of weaker trade balances suggest underlying Rupiah pressure persists in the near […]