Crude oil prices steadied yesterday after a sharp fall over the past few sessions as the US prepares to impose tariffs on imports from Canada, Mexico...
The euro continues to be driven by US events, from tech news to the tariff threat. Neither a cautious Fed today nor a dovish-leaning ECB tomorrow will...
A rally in Silver markets will catalyze large-scale CTA buying activity, TDS’ Senior Commodity Strategist Daniel Ghali notes. Upside convexity in Silver markets remains severely underpriced “Continued...
The Bloomberg survey indicates that all but two forecasters are expecting a 25-bps rate cut from the Riksbank at the January 29 policy meeting, Rabobank’s FX...
The National Bank of Hungary is scheduled to meet today, but this should be a copy-and-paste of previous meetings. FX has seen significant relief in the...
Gold declined yesterday as the global rout in technology stocks, sparked by the Chinese AI startup DeepSeek’s breakout success, ING’s commodity analysts Warren Patterson and Ewa...
Euro (EUR) fell on headlines regarding universal tariffs. FT reported that Treasury secretary Scott Bessent favours universal tariffs on US imports, starting at 2.5% while Trump...
A package of growth-supporting initiatives and statement form the Chinese leadership has been well received by equity markets as it raises hope of a growth rebound,...
Escalation in the Middle East has led markets pricing in a greater risk of a fully-fledged conflict in the region, which could potentially involve the US. Iran fired...
Despite oversold conditions, the Pound Sterling (GBP) could decline further; the likelihood of it reaching 1.3210 today is not high. In the longer run, to continue...
Western investors love the prospect of ‘panic cuts without the panic’, but Shanghai traders are on the offer in precious metals. This morning, the prospect of...
The US Dollar (USD) could rebound further; a sustained rise above 144.50 is unlikely. In the longer run, upward momentum has dissipated; USD could continue to...
The two-year EUR:USD swap rate continued to widen in favour of the dollar yesterday, and is now around -110bp, some 25bp below the -85bp mid-September levels, ING’s...
Fed Chair Jerome Powell explicitly pushed back against a 50bp rate cut by year-end, and Israel started a ground offensive in Lebanon. In other conditions, the...
The Pound Sterling’s recent strength has partly relied on the ‘no news is good news’ narrative, as quiet calendars allowed markets to look elsewhere for easing...
French and Spanish inflation figures surprised on the downside on Friday, coming in at 1.2% and 1.5% respectively. That is helping explain the euro’s muted reaction...
The Bank of England and the Fed were expected to cut rates slightly less than the ECB. This changed after the US employment report at the...
OPEC published its long-term outlook for the oil market up to 2050 this week, Commerzbank’s commodity analyst Carsten Fritsch notes. Demand forecast is likely to prove...
As reported by the Financial Times, citing sources with knowledge of the matter, Saudi Arabia intends to abandon its unofficial price target of $100 per barrel...
The Australian Dollar (AUD) could edge higher, but it is unlikely to be able to break above 0.6930. In the longer run, AUD has to break...