Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
Euro: Support holds near 1.15 against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret report EUR/USD is fractionally lower but stabilizing just above Monday’s one-month low in the mid/lower-1.15s.
Gold: CTA selling intensifies ahead of Fed decision - TD Securities
TD Securities analysts Ryan McKay and Bart Melek report that Gold remains under pressure as CTAs accelerate selling ahead of the upcoming Fed meeting, with prices nearing levels that could push funds net short.
Japanese Yen loses ground as Fed tightening bets boost US Dollar
USD/JPY extends its rebound on Tuesday and trades around 155.00 at the time of writing, up 0.41% on the day. The pair continues its recovery from levels below 153.00 reached last week, mainly supported by broad-based strength in the US Dollar (USD).
Japanese Yen: Bearish bias within 153.30–156.30 against US Dollar - UOB
UOB’s Quek Ser Leang reports USD/JPY reversed earlier downside expectations, dipping to 153.29 before surging to 154.99 and closing at 154.35. The bank now sees scope for a move above 155.00, though 155.50 is likely out of reach near term.
Canadian Dollar: Remains slightly softer against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret highlight that the Canadian Dollar (CAD) is effectively unchanged versus the US Dollar (USD) but outperforming peers, supported by firmer Oil and steady US-Canada front-end spreads.
Euro holds near one-month low against US Dollar ahead of Fed verdict
EUR/USD remains on the back foot on Tuesday as rising US Treasury yields support the US Dollar. However, the pair lacks strong follow-through selling as traders avoid placing large bets ahead of the Federal Reserve’s (Fed) monetary policy announcement on Wednesday.
United States Redbook Index (YoY) above forecasts (0%) in September 11: Actual (8.5%)
United States Redbook Index (YoY) above forecasts (0%) in September 11: Actual (8.5%)
US Dollar: FOMC scenarios guide Dollar reaction – TD Securities
TD Securities’ macro team, including Oscar Munoz and colleagues, expects the FOMC to deliver a 25bps hike, with the dot plot signaling fewer hikes than markets imply.
United Kingdom: Sluggish labour data shapes BoE view – Deutsche Bank
Deutsche Bank’s Chief UK Economist Sanjay Raja assesses latest United Kingdom (UK) labour market data as signalling a still weak backdrop, with employment struggling and vacancies falling.
India: Inflation risks tilt higher – Societe Generale
Societe Generale economist Kunal Kundu notes that India’s headline Consumer Price Index (CPI) inflation rose to 4.8% year-on-year in August 2026, staying above the Reserve Bank of India ’s (RBI) 4.0% median target for a third month.
British Pound: Uptrend sustainability questioned versus Euro – ING
ING’s Francesco Pesole notes the Pound has been resilient against the Dollar and EUR/GBP has fallen about 0.5% since Friday, partly on positioning ahead of the Bank of England meeting.
Canada Wholesale Sales (MoM) registered at 0.3% above expectations (-0.5%) in July
Canada Wholesale Sales (MoM) registered at 0.3% above expectations (-0.5%) in July
United States NY Empire State Manufacturing Index registered at 7.6, below expectations (14.75) in September
United States NY Empire State Manufacturing Index registered at 7.6, below expectations (14.75) in September