British Pound: Wider trading range expected against US Dollar – UOB
Institutional, UOB
British Pound: Wider trading range expected against US Dollar – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann report GBP/USD’s sharp swing between 1.3275 and 1.3137 before closing at 1.3196. Short term, recovery is expected to extend toward 1.3260 but is unlikely to sustain above that level. Over the next one to three weeks, price action is viewed as range expansion, […]
by Currency Hedger
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- 4 weeks ago
Global Markets Sell Off as AI Fears Deepen, Inflation Pressures Persist and Geopolitical Risks Escalate
Global financial markets are facing renewed volatility as concerns over artificial intelligence investment returns, persistent inflation and escalating geopolitical tensions converge. US equities have recorded a third consecutive session of losses, Asian technology stocks have suffered sharp declines, and credit markets are signalling growing concern over the cost of financing the AI infrastructure boom. At […]
by Currency Hedger
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- 4 weeks ago
French September Inflation Revised Up to 3.1%
The annual inflation rate in France came in at 3.1% in September 2026, revised up from the preliminary estimate of 3.0% and picking up from 2.4% in August. This marked the highest reading since January 2024, driven mainly by a sharp acceleration in energy inflation to 21.3% from 16.7%, particularly as petroleum product prices rose […]
by Currency Hedger
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- 4 weeks ago
Japan’s Nikkei Plunges 4.9% as AI Investment Concerns Trigger Technology Selloff
Japan’s Nikkei 225 has come under heavy selling pressure, falling 4.9% to close at 64,426 as concerns over the sustainability of massive artificial intelligence investments intensify. The decline marks the index’s largest one-day drop since March and highlights growing sensitivity across technology stocks to elevated valuations, financing costs and uncertainty surrounding the returns from AI […]
by Currency Hedger
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- 4 weeks ago
Market Analysis, MXN, Technical Analysis
Mexican Peso Weakens Toward One-Year Low as Banxico Signals Further Rate Cuts
The Mexican peso weakened toward 18.44 per US dollar in October 2026, approaching a one-year low after the release of the Bank of Mexico’s latest meeting minutes raised the prospect of further monetary easing. The currency has become one of the weaker performers among emerging markets as investors reassess the interest-rate outlook and the relative […]
by Currency Hedger
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- 4 weeks ago
EUR, Market Analysis, Technical Analysis, USD
EUR/USD Price Forecast: Extends recovery above 1.1200 at US Dollar’s expense
The Euro (EUR) is up 0.5% at around 1.1220 against the US Dollar (USD) during the early European trading session on Thursday after extending is Wednesday’s recovery move. The major currency pair recovers further as the US Dollar underperforms due to a sharp decline in United States (US) Treasury Yields, following the release of the […]
by Currency Hedger
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- 4 weeks ago
IMF says the biggest risk is prolonged conflict
The International Monetary Fund (IMF) said on Thursday that a prolonged war in the Middle East and further disruptions to energy production, shipping routes, or critical infrastructure pose the biggest risk to regional and global economies. Additional takeaways Biggest risk is prolonged conflict. Middle East war causes highly uneven economic shock across region, severe strain […]
by Currency Hedger
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- 4 weeks ago
EUR, JPY, Market Analysis, Technical Analysis
EUR/JPY Price Forecast: Strengthens above 177.00, but bearish bias persists below key resistance
The EUR/JPY cross trades in positive territory near 177.10 during the early European trading hours on Thursday. However, the potential upside for the cross might be limited as traders remain on high alert for currency intervention from Japanese authorities. Japanese Finance Minister Satsuki Katayama warned that she was prepared to take action in the currency […]
by Currency Hedger
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- 4 weeks ago
CAD, Market Analysis, Technical Analysis
USD/CAD Price Forecast: Trades near 1.4200 after breaking below nine-day EMA
USD/CAD depreciates after posting modest gains the previous day, trading around 1.4210 during Asian hours on Thursday. The technical analysis of the daily chart indicates that the price is remaining within the ascending channel pattern, suggesting an ongoing bullish bias. The USD/CAD pair is maintaining a bullish near-term bias as spot holds above the 50-day […]
by Currency Hedger
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- 4 weeks ago
Saudi Inflation Hits 9-Month High
Consumer prices in Saudi Arabia rose by 1.9% year-on-year in September 2026, falling short of market expectations for a 2.1% gain but up from a 1.8% increase in August. The latest figure also marked the fastest rise since December last year, driven primarily by higher costs for food and beverages (at 1.4%), housing and utilities […]
by Currency Hedger
- 0 Comments
- 4 weeks ago