Sugar markets remain caught between competing fundamental forces. New York sugar is finding support from concerns that persistent rainfall in Brazil could slow the Center-South harvest, while longer-term supply risks in India and Thailand continue to underpin the global balance. However, the upside remains constrained by evidence of weak physical demand and increasingly large speculative […]
Australia’s 10-year government bond yield rose toward 5.4%, near its highest level since mid-2011, tracking a global bond selloff fueled by strong US economic data, higher oil prices, and hawkish central-bank expectations. Strong US business activity has increased expectations for another Fed rate hike, pushing Treasury yields sharply higher. Rising oil prices also added to […]
Cotton futures are currently finding support across most actively traded contracts, with the market balancing firm physical prices and limited certified stocks against a stronger US dollar and higher crude oil prices. The latest futures structure shows the market maintaining a firmer tone into the deferred contracts, while thinly traded October remains under pressure as […]
The U.S. dollar is resuming a significant upward trend today and is breaking out to new 8-week highs, as seen in the dollar index (USDIDX). The pair has reversed its previous downtrend on EUR/USD, driven by hawkish bets on future Fed policy and Trump’s surprisingly calm comments on the matter. The USDIDX is shifting its […]
U.S. President Donald Trump has backed restrictions on diesel exports from the United States, while Treasury Secretary Scott Bessent confirmed that the administration is examining both a full and a partial ban. No decision has yet been made, but Trump said it should come quickly. This marks a significant shift in the administration’s stance, as […]
takeaways There are further signs that the global economy remains resilient to the latest energy price spike. The European and UK PMI data for September has been released, and the news is optimistic. Eurozone and UK data showed continued expansion in the private sector this month, even though the UK data slowed compared to the […]
The OECD estimates that the global economy is performing somewhat better in 2026 than expected just a few months ago, despite the energy shock triggered by the war with Iran. Support has come not only from investment related to artificial intelligence, but also from the release of part of global oil reserves, lower energy imports […]
Facts Recommendation Short position on GOLD at the current market price. Opinion Gold is facing a growing problem: a stronger U.S. dollar and a lack of fresh upside catalysts. No new source of momentum emerged despite the pullback in oil markets, pushing the price down toward $4,320 per ounce and erasing a significant portion of […]
DBS Group Research economist Philip Wee expects the Swiss National Bank to keep its policy rate unchanged at 0% at the September 24 meeting, despite higher energy prices and a modest uptick in headline inflation. He sees scope for a near-term inflation forecast upgrade, but notes that Swiss growth has improved and CHF haven pressures […]
The United Kingdom (UK) S&P Global Services Purchasing Managers’ Index (PMI) expands at a moderate pace to 51.7 in September. The data was already anticipated to arrive lower at 52.0 from 52.5 in August. Weak UK Services PMI led to a slowdown in the overall business activity. The Composite PMI dropped to 51.7 from 52.5 […]