Japanese Yen: Intervention risk offsets trade pressure – MUFG
Institutional, MUFG
Japanese Yen: Intervention risk offsets trade pressure – MUFG
MUFG’s Lee Hardman notes the Japanese Yen (JPY) is trading in a narrow USD/JPY range above 158.00, with intervention risk and a softer US Dollar (USD) capping upside. Bank of Japan (BoJ) officials see underlying inflation near target, with markets pricing a December hike. Rising domestic yields are boosting JGB demand, though a wider trade […]
by Currency Hedger
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- 3 weeks ago
ING, Institutional
Euro: French risks deepen downside pressure – ING
Francesco Pesole at ING highlights renewed pressure on French bonds, with the 10-year OAT-Bund spread nearing early October highs as budget worries and social unrest weigh on sentiment. EUR/CHF is seen as the main FX exhaust valve for French risk, with downside risks below key support, while EUR/USD may consolidate and EUR/GBP faces selling amid […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
UK Economic Outlook: Inflation Rises to 3.5% as Borrowing Exceeds Forecasts and Public Debt Tops £3 Trillion
Market Overview The UK economy is facing renewed inflationary pressure alongside persistent public-finance challenges, as September data show consumer inflation accelerating, factory-gate prices rising at their fastest annual pace since April 2023, and government borrowing exceeding market expectations. Annual consumer price inflation increased to 3.5% in September 2026, up from 3.1% in August, while core […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
India 10Y Yield Hits 3-Year High on on Oil Surge
The yield on India’s 10-year G-Sec rose to around 7.45%, reaching its highest level since March 2023, as persistently elevated crude oil prices heightened inflation concerns and strengthened expectations of further rate hikes. Brent crude approached $112 per barrel, its highest in five months, amid Red Sea shipping risks and threats to Saudi oil infrastructure, […]
by Currency Hedger
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- 3 weeks ago
Metals, Technical Analysis
Nickel Price Forecast: Nickel Rebounds to $15,950 as Indonesian Production Cuts Raise Supply Hopes
Market Overview Nickel prices have rebounded to around $15,950 per tonne, extending recent gains as short-covering and expectations of coordinated production cuts in Indonesia improve sentiment. Major Chinese producers are expected to discuss output reductions at their Indonesian operations, raising the prospect of tighter supply after earlier discussions in August failed to deliver the anticipated […]
by Currency Hedger
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- 3 weeks ago
UK Gilt Yields Hold Near Multi-Year Highs
The UK 10-year gilt yield remained around 5.4%, near multi-year highs, as investors assessed stronger-than-expected inflation and rising public borrowing ahead of next week’s budget and the Bank of England’s November 5 policy meeting. UK inflation rose to 3.5% in September, above the 3.4% forecast, while core and services inflation also exceeded expectations. Meanwhile, public […]
by Currency Hedger
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- 3 weeks ago
Energies, Market Analysis, Technical Analysis
Energy Commodity Forecast: UK Natural Gas Surges 3.84% as European Gas and Heating Oil Rally
Market Overview Energy markets are showing broad strength across European natural gas and oil benchmarks, with UK natural gas leading the reported gainers at 3.84%. European natural gas has advanced 3.54%, heating oil has risen 1.24%, Brent crude is up 0.70%, and US crude oil has gained 0.44%. US natural gas is moving in the […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
Market Analysis, Metals, Technical Analysis
Metals Price Forecast: Silicon Falls 1.06% as Silver and Platinum Slide, While Gold Holds Steady
Market Overview Metals markets are trading under mixed pressure, with silicon leading the reported declines at 1.06%, followed by silver at 1.03% and platinum at 0.93%. Gold, meanwhile, is little changed, highlighting a divergence between precious metals and the wider metals complex. The latest movements suggest that selling pressure is affecting several metals, although the […]
by Currency Hedger
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- 3 weeks ago
Commodities, Market Analysis, Technical Analysis
Agricultural Commodities Forecast: Wheat Falls 0.94% as Canola Slips, While Sugar and Rubber Lead Gains
Market Overview Agricultural commodity markets are showing mixed performance, with wheat and canola under pressure while sugar and rubber lead the reported gainers. Wheat has declined 0.94%, making it the weakest performer among the four commodities listed, while canola has fallen 0.60%. On the positive side, sugar has advanced 0.78% and rubber has gained 0.74%. […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
Economic calendar: EIA oil report and US treasury auction in focus
Today’s calendar started with data from Japan and the United Kingdom. Japanese exports rose by 16.7% YoY versus 20.1% expected, while imports increased by 18.9% versus 19.6% expected. The trade deficit came in at JPY 536.6bn, wider than forecast. More attention was drawn by UK inflation , which accelerated to 3.5% YoY versus 3.4% expected […]
by Currency Hedger
- 0 Comments
- 3 weeks ago