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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.
Forex Today: US Dollar softens amid hopes of Russia-Ukraine energy ceasefire
Here is what you need to know on Monday, October 12:
British Pound: Range-bound trading within a tight band against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note GBP/USD price action still looks like range trading after Friday’s close near 1.3234. Intraday, they expect the British Pound (GBP) to hold between 1.3215 and 1.3260.
USD/CAD Price Forecast: US Dollar eases within range in a quiet session
The US Dollar (USD) has opened the week with a mild bearish tone against the Canadian Dollar (CAD), with trading volumes at low levels as the Japanese markets are closed on bank holidays and with the US and Canada also celebrating festivities.
Equities: Stable oil and yields support stock gains - Danske Bank
Danske Research Team reports that European and US equities ended Friday higher, with many indices near record levels, supported by broadly sideways yields and Oil prices.
Brent: Houthi escalation keeps risk premium elevated – Commerzbank
Commerzbank strategists note that Brent Oil remains above USD 100 as markets weigh heightened geopolitical risk from Houthi attacks on Saudi infrastructure.
Euro: Downside risks toward 1.1145 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann report EUR/USD closed near 1.1200 after a volatile session that failed to generate fresh directional clues. For the day, they expect a 1.1180–1.1230 range.
WTI falls to near $90.00 as Russia-Ukraine energy ceasefire fuels supply hopes
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $90.15 during the early European trading hours on Monday.
Denmark Trade Balance fell from previous 40.5B to 31.2B in August
Denmark Trade Balance fell from previous 40.5B to 31.2B in August
Denmark Inflation (HICP) (YoY) rose from previous 2%Â to 2.1% in September
Denmark Inflation (HICP) (YoY) rose from previous 2%Â to 2.1% in September
Denmark Consumer Price Index (YoY) increased to 2.2% in September from previous 2%
Denmark Consumer Price Index (YoY) increased to 2.2% in September from previous 2%