Indian Rupee: Policy support and yield reversal – Societe Generale
Institutional, Societe Generale
Indian Rupee: Policy support and yield reversal – Societe Generale
Societe Generale highlights that the Reserve Bank of India has taken proactive steps to support the Indian Rupee, deploying multiple FX-related measures and bond operations. The report notes a risk-off driven reversal in US yields that benefits the Rupee, alongside higher CPI and WPI inflation and a wider trade deficit. The tone is cautiously constructive […]
by Currency Hedger
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- 3 weeks ago
Market Analysis, Technical Analysis
UK Bank Tax Threatens FTSE 100 as Lloyds and NatWest Slide Ahead of Budget
The FTSE 100 faces renewed pressure from the banking sector as speculation over a potential UK bank-specific tax weighs on domestic lenders. Lloyds Banking Group has fallen 2% and NatWest has declined 1.8% following reports that the government is considering higher taxes on bank profits ahead of the upcoming Budget. The potential policy change comes […]
by Currency Hedger
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- 3 weeks ago
EUR, Market Analysis, Technical Analysis
EURUSD continues to rebound
EURUSD rises for a second consecutive day, supported by lower yields and cooling oil prices EUR/USD continues to rebound after falling to a 17-month low, with yesterday’s stronger-than-expected U.S. PPI inflation data failing to halt the recovery. The pair is up nearly 0.2% today after gaining around 0.6% in the previous session, supported not only […]
by Currency Hedger
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- 3 weeks ago
Energies, Market Analysis, Technical Analysis
Chart of the Day: NATGAS – Are there chances for a seasonal rebound amid warm weather?
Key takeaways Surprise from inventory data and force majeure on the pipeline Natural gas prices are falling for the third consecutive day. It is worth noting that on Wednesday we observed a pullback of almost 5%, which was largely erased. Looking at yesterday’s strong bearish candle and today’s continuation, we are testing the area around […]
by Currency Hedger
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- 3 weeks ago
Germany 10-Year Bund Yield Holds Near 5-Week Low
The German 10-year Bund yield was little changed at around 3.42%, near a five-week low, and was down nearly 7bps for the week, tracking a global easing in borrowing costs as expectations for monetary policy tightening moderated. Remarks by Fed Chair Warsh at the IMF summit were interpreted as signalling that the Fed would leave […]
by Currency Hedger
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- 3 weeks ago
France 10-Year Yield Down on the Week
France’s 10-year OAT yield traded around 4.8%, hovering close to one week-lows and down nearly 5bps on the week, tracking a global easing in borrowing costs as expectations for monetary policy tightening moderated following remarks by Fed Chair Warsh at the IMF summit. In Europe, comments from ECB President Lagarde reinforced the case for a […]
by Currency Hedger
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- 3 weeks ago
Italy’s BTP Yield Holds Near 3-Week Low
Italy’s 10-year BTP yield hovered near 4.50%, remaining near a three-week low as expectations of a rate hike this month eased following remarks by Fed Chair Warsh. ECB President Lagarde noted that there were no signs yet of second-round effects from high energy prices, while markets still expect an ECB hike in December. Despite broader […]
by Currency Hedger
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- 3 weeks ago
UK 10 Year Gilt Yield Rebounds from 3-Week Low
The UK 10-year gilt yield climbed to 5.38%, recovering from a three-week low recorded on October 15, as investors assessed stronger economic data and the outlook for interest rates and public finances. UK GDP unexpectedly expanded by 0.1% in August, avoiding forecasts of a contraction. The resilience has strengthened expectations that the Bank of England […]
by Currency Hedger
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- 3 weeks ago
Commodities, Market Analysis, Technical Analysis
Palm Oil Rallies 1.89% as Rubber and Sugar Slide Across Agricultural Commodity Markets
Palm oil is leading agricultural commodity performance, rising 1.89%, while rubber falls 1.51% and sugar declines 0.97%. The contrasting moves highlight divergent trading conditions across agricultural markets, with palm oil attracting buying interest while rubber and sugar remain under pressure. The next direction will depend on supply developments, export demand, weather conditions, inventory levels and […]
by Currency Hedger
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- 3 weeks ago
Energies, Market Analysis, Technical Analysis, Uncategorized
Natural Gas Leads Energy Commodity Declines as Heating Oil, Gasoline and Crude Oil Slide
Energy commodities are trading lower, led by a 1.62% decline in natural gas. Heating oil falls 1.19%, gasoline drops 1.11%, US crude oil declines 0.68% and Brent crude slips 0.54%. The broad-based weakness points to selling pressure across the energy complex, although the available price changes alone do not confirm whether the move reflects weaker […]
by Currency Hedger
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- 3 weeks ago