The USDCHF started the new trading day on a soft note, moving lower during the Asian session and, in the process, breaking below its 200-hour moving average, which currently sits near 0.79457. That break initially tilted the short-term bias back to the downside, but momentum stalled before the pair could retest Friday’s low, signaling that
Sterling tumbled sharply today, hitting its lowest level against Euro in nearly a year as renewed fiscal concerns dominated sentiment. The selloff followed reports from the Financial Times that UK Chancellor Rachel Reeves will face a deeper-than-expected deterioration in the UK’s public finances, delivering an early setback ahead of next month’s crucial Budget. According to
Dollar strength weighs on gold A stronger US dollar has contributed to gold’s decline. The two typically move inversely, with dollar strength making gold more expensive for holders of other currencies. Currency moves can significantly amplify or dampen gold’s price swings. Recent dollar strength on the back of resilient US economic data has created headwinds for
Risk for US Dollar (USD) remains on the downside, but it is unclear now if there is sufficient momentum for a break of the y-t-d low of 7.0860, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. Risk for USD remains on the downside 24-HOUR VIEW: “We indicated yesterday that USD ‘may drop
PBoC’s language suggests policy shift on yuan – China economist – FX Markets Skip to main content End of drawer navigation content Central bank drops “cautious” from pronouncements on currency’s internationalisation More assertive language from the People’s Bank of China on renminbi internationalisation suggests a policy shift from the central bank, an economist tells FX
Italy’s consumer confidence rose further in October to the highest level in eight months, and composite business confidence also strengthened on the back of an overall improvement in the assessments of industrial and retail entrepreneurs, survey data from the statistical office Istat showed on Tuesday. Consumer sentiment improved to 97.6 in October from 96.8 in the previous month.
2025.10.28 2025.10.28 US Dollar Retreats As US-China Trade Tensions Ease. Forecast as of 28.10.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The EURUSD pair is gradually recovering its correlation with US stock indices. The S&P 500’s rally amid the de-escalation of the US-China trade conflict is lending a helping hand to the euro. Let’s discuss this topic and make a
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Yen rebounded notably today while Nikkei 225 cooled from its record highs, as investors took profits following a smooth meeting between U.S. President Donald Trump and Japan’s new Prime Minister Sanae Takaichi. The summit concluded with the signing of two new agreements that reaffirm the deep strategic and economic partnership between the two allies, while
FTSE 100 hits record high on UK inflation report European equity markets closed higher overnight, boosted by optimism about an anticipated Federal Reserve (Fed) rate cut and a preliminary United States (US)-China trade framework agreed over the weekend. In the United Kingdom (UK), the FTSE 100 hit a fresh record high of 9672 before closing 0.08%
Morgan Stanley expects the Fed to deliver a second consecutive 25 bps rate cut this week, bringing the Fed funds rate to 3.75% to 4.00%. The absence of major US economic data amid the government shutdown won’t put off the Fed for now but any guidance in reference to next year will remain uncertain. As
The S&P/ASX 200 index experienced a 0.4% decline on Tuesday, settling at 9,018, as it reversed gains from the previous day. This shift occurred as investors adjusted their expectations regarding a potential interest rate cut anticipated for next week. Presently, the market is indicating only a 15% likelihood of a rate reduction, a significant drop
USD/CAD extends its losses for the second consecutive day, trading around 1.3990 during the Asian hours on Tuesday. The pair depreciates as the US Dollar (USD) faces challenges due to the increased likelihood of a rate cut by the US Federal Reserve (Fed) on Wednesday. The Fed is widely expected to lower interest rates by
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Sterling may come under renewed pressure if the Bank of England moves ahead with an interest-rate cut in December, according to MUFG Bank. The bank noted that markets are only partially pricing in such a move, with around 16 (approximately) basis points of easing reflected in current pricing — short of a full 25-basis-point cut,
EUR/USD edges up late in the North American session on Monday as the Greenback retreats from last week’s highs, while the US-China trade war de-escalates ahead of the Donald Trump-Xi Jinping summit in South Korea. The pair trades at 1.1643, up by 0.15%. Euro climbs as Dollar retreats from weekly highs; focus turns to Trump–Xi
