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United Kingdom M4 Money Supply (MoM) came in at 0.4%, above forecasts (0.1%) in August
United Kingdom M4 Money Supply (MoM) came in at 0.4%, above forecasts (0.1%) in August
Portugal Consumer Confidence dipped from previous -20.5Â to -20.6 in September
Portugal Consumer Confidence dipped from previous -20.5Â to -20.6 in September
Euro softens against Canadian Dollar amid ECB caution, oil strength
EUR/CAD halts its three-day winning streak, trading around 1.6100 during the European hours on Tuesday.
Gold: Downside risks with key supports in focus – OCBC
Christopher Wong at OCBC notes Gold has extended its decline to a seven-week low, pressured by higher Oil prices, firm US Treasury yields and a stronger Dollar. The break below $4,200 has intensified technical selling, with near-term direction tied to Oil and rates.
Iran’s Qalibaf: If Iran cannot sell its oil, no one can in the region
Iran's parliament speaker Mohammad Bagher Qalibaf says during the European trading session on Tuesday that no one in the region shall sell its oil if Iran cannot sell its oil, according to state media, Reuters report.
Italy Industrial Sales n.s.a. (YoY) registered at 4.8% above expectations (0%) in July
Italy Industrial Sales n.s.a. (YoY) registered at 4.8% above expectations (0%) in July
Italy Industrial Sales s.a. (MoM) rose from previous -1%Â to 0.6% in July
Italy Industrial Sales s.a. (MoM) rose from previous -1%Â to 0.6% in July
USD/CAD Price Forecast: Likely revisit five-month high at around 1.4250
The US Dollar (USD) is up 0.12% at around 1.4190 against the US Dollar (USD) during the European trading session on Tuesday.
USD/JPY: Intervention threat caps upside – MUFG
MUFG’s Lee Hardman notes that Japanese Yen strength has persisted as USD/JPY pulled back toward 156.50 on Monday, with policymakers stepping up verbal warnings on currency weakness and signalling readiness to intervene.
USD Rates: Bill financing costs rise with Fed hikes – DBS
DBS Group Research economist Eugene Leow analyses how rapidly rising US Treasury yields are complicating financing for the US government as the Federal Reserve hikes rates.
EUR/USD: Lagarde’s dovish tilt weighs on Euro – ING
Francesco Pesole at ING says EUR/USD downside risks have increased after dovish comments from European Central Bank (ECB) President Christine Lagarde, which widened SOFR-ESTR spreads and tempered expectations for an October ECB hike.
AUD/USD: RBA hike fails to lift Aussie – MUFG
Lee Hardman at MUFG highlights that the Australian Dollar has slipped back below 0.7000 against the US Dollar, testing the 200-day moving average near 0.7030.
US Treasuries: Yields near multi-decade highs – Deutsche Bank
Deutsche Bank analysts describe a renewed selloff in US Treasuries, with the 10-year yield around 5.25%, close to its 2007 peak and highest levels since 2002 if breached.