Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
CEE FX: Inflation data versus global Dollar strength – ING
ING’s Frantisek Taborsky highlights a busy week for CEE with key inflation releases and IMF meetings, while regional FX remains driven mainly by global factors.
Euro holds range vs Yen as French strains, Japan’s loose policy offset
EUR/JPY trades without a clear direction on Monday, hovering around 177.35 at the time of writing, posting a modest daily gain of 0.04%.
Japanese Yen seems vulnerable vs bullish amid fiscal woes, Mideast jitters
The USD/JPY pair attracts buyers for the second straight day, though it lacks strong follow-through and trades below mid-158.00s during the first half of the European session on Monday.
S&P 500: Earnings strength offsets yield headwinds – HSBC
HSBC Asset Management notes that global equities, including the S&P 500, have shown resilience as the index inches toward the 8000 level despite high Oil prices, a hawkish Federal Reserve and surging bond yields.
Ukrainian President Zelenskyy: We are ready to sign ceasefire guarantees
Ukrainian President Volodymyr Zelenskyy said during the European trading session on Monday that the nation wants the United States (US) to ensure that Russia honor the energy ceasefire announced over the weekend.
AUD/USD Price Forecast: Gives back early gains as US Dollar rebounds
The Australian Dollar (AUD) surrenders its early gains and flattens at around 0.6970 against the US Dollar (USD) during the European trading session on Monday.
Japanese Yen: Higher intraday band within broader range against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann say USD/JPY’s tone has firmed slightly after trading between 157.74 and 158.42, and they now expect a 157.90–158.55 intraday range.
Euro consolidates around 1.1200, remains close to 17-month low vs bullish USD
The EUR/USD pair struggles to gain any meaningful traction on Monday, trading around the 1.1200 mark, or nearly unchanged for the day during the early European session.
Indonesian Rupiah declines amid policy trade-offs
USD/IDR gains ground after registering losses in the previous day, trading around 17,940 during European hours on Monday.
Euro: Bearish sentiment persists into year-end against US Dollar – MUFG
MUFG’s Lee Hardman highlights that the Euro (EUR) remains near recent lows around 1.1200 against the Dollar, pressured by fiscal and political concerns in the Euro area, especially France. IMM data show leveraged funds rebuilding short Euro positions.
British Pound approaches 210.00 vs weak Yen as range play remains intact
The GBP/JPY cross attracts some follow-through buyers at the start of a new week, climbing back closer to the 210.00 psychological mark during the early European session amid a combination of supporting factors.
Euro hovers near 17-month low against the British Pound as debt woes weigh
The Euro (EUR) depreciates further against the British Pound (GBP) on Monday after dropping about 1.7% over the previous two weeks, as ongoing concerns about France's fiscal health keep investors on their toes.
Indian Rupee: RBI measures support gains against US Dollar - Commerzbank
Commerzbank’s Dr. Henry Hao and Charlie Lay note that the Reserve Bank of India (RBI) has unveiled a broad package of tools to stabilise the Indian Rupee (INR), including a special Dollar facility for oil importers, tighter FX derivatives rules, and higher reserve requirements.