Macro Calendar: Preliminary PMI Readings and Earnings Ahead
Macro Calendar: Preliminary PMI Readings and Earnings Ahead
Financial markets start the final session of the week awaiting key economic indicators and the continuation of the Wall Street earnings season. Investors are closely monitoring global economic growth developments and inflationary pressures amidst ongoing geopolitical uncertainty in the Middle East. Today’s session will be dominated by preliminary October PMI releases for manufacturing and services […]
by Currency Hedger
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- 2 weeks ago
GBP, JPY, Market Analysis, Technical Analysis
Trade of the Day: GBP/JPY — 23 October 2026
Market: GBP/JPYDirection: LongCurrent Market Price: 210.053Technical Bias: Bullish, subject to confirmation Trade Setup Trade Parameter Level Trade Direction Buy / Long Reference Market Price 210.053 Target 1 210.950 Target 2 211.830 Stop Loss 209.300 Key Support Zone 209.550–209.420 Technical Analysis GBP/JPY remains on watch for a potential bullish continuation following its previous rebound from the […]
by Currency Hedger
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- 2 weeks ago
AUD, Market Analysis, Technical Analysis
Australian Dollar holds above 0.7000 vs recovering USD; remains close to monthly top
The AUD/USD pair struggles to capitalize on the previous day’s bounce from sub-0.7000 levels and seesaws between tepid gains/minor losses during the Asian session on Friday. Nevertheless, spot prices seem poised to register strong weekly gains and remain close to the monthly high, touched on Thursday amid a supportive fundamental backdrop. The recent hawkish comments […]
by Currency Hedger
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- 2 weeks ago
CHF, Market Analysis, Technical Analysis
Swiss Franc inches lower as US Dollar recovers recent losses
USD/CHF holds ground after three days of losses, trading around 0.8210 during Asian hours on Friday. The currency pair has inched higher as the US Dollar (USD) recovers its daily losses despite mounting doubts regarding the sustainability of the AI trade. Investor confidence weakened after quarterly US earnings reports from several megacap technology companies failed […]
by Currency Hedger
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- 2 weeks ago
EUR, Technical Analysis
EUR/JPY Price Forecast: Trades around 176.00 after rebounding from fresh 12-month lows
EUR/JPY gains ground after two days of losses, trading around 176.10 during Asian hours on Friday. Technical analysis of the daily chart shows the currency cross remains within a descending channel pattern, indicating a persistent bearish bias. The EUR/JPY cross is extending a corrective tone as it holds beneath the nine- and 50-period Exponential Moving […]
by Currency Hedger
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- 2 weeks ago
EUR, Market Analysis, Technical Analysis
EUR/USD Price Forecast: Softens to near 1.1200, sub-100-day SMA keep outlook bearish
The EUR/USD pair trades in negative territory around 1.1210 during the early European trading hours on Friday. Worries about France’s ability to tackle its huge debt burden have hurt French government bonds and exert some selling pressure on the Euro (EUR) against the US Dollar (USD). France’s benchmark 10-year government bond yield climbed 6.5 basis […]
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- 2 weeks ago
GBP, INR, JPY, Market Analysis, Technical Analysis
Indian Rupee Forecast: INR Falls 0.47% as Yen and Pound Also Weaken Against Major Currencies
The Indian rupee is leading currency losses in the latest foreign-exchange market update, falling 0.47%, while the Japanese yen declines 0.10% and the British pound slips 0.09%. The euro and US Dollar Index remain little changed, highlighting a mixed session across major currency markets. The rupee’s sharper decline places the Indian currency under greater pressure […]
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- 2 weeks ago
Singapore Inflation Rate Edges Lower
Singapore’s annual inflation rate edged down to 2.2% in September 2026 from market expectations and August’s more than two-year low of 2.3%. Price growth notably moderated for transport (7.4% vs 8.1% in August), clothing and footwear (2.1% vs 3.1%), and household durables and services (0.2% vs 1.2%). In contrast, inflation slightly picked up for food […]
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- 2 weeks ago
India Economic Outlook: Services PMI Hits Four-Month High as Private Sector Growth Accelerates in October 2026
India’s private sector is gaining momentum in October 2026, with services activity accelerating to a four-month high and manufacturing continuing to expand. The HSBC India Services PMI increased to 56.2 from 55.2 in September, while the Composite PMI rose to 56.7 from 55.9, signalling stronger overall business activity and resilient demand. The latest preliminary data […]
by Currency Hedger
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- 2 weeks ago
Commodities, Market Analysis, Technical Analysis
Palm Oil Price Forecast: Malaysian Futures Target Third Weekly Gain Above MYR 4,800 as El Niño and B50 Biodiesel Support Prices
Malaysian palm oil futures are holding above MYR 4,800 per tonne, with prices on track for a third consecutive weekly advance as robust export demand, strength in competing edible oils and tightening supply expectations support the market. Futures have gained nearly 1% so far this week, with concerns over potential production constraints and Indonesia’s upcoming […]
by Currency Hedger
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- 2 weeks ago