Bullish tendencies for Oil, AI worries for US equities The US dollar seemed to resist bearish tendencies in today’s Asian session yet is still at rather low levels. In the UK, the pound failed to get some support from the higher-than-expected UK September CPI rates
Pound vs Dollar: Who wins amid the energy shock? UK annual CPI rose to 3.5% in September from 3.1% in August, exceeding the 3.4% forecast Core inflation accelerated to 2.8%, while services inflation reached 3.7%. This increases the possibility of tighter monetary</p
British Pound: Inflation surge backs November BoE hike – BBH Brown Brothers Harriman’s Elias Haddad notes United Kingdom (UK) September Consumer Price Index (CPI) surprised to the upside, pushing British Pound (GBP) higher against both the Dollar and Euro. Haddad sees a 25
South African Rand: Gains against US Dollar at risk – Societe Generale Societe Generale analyzes USD/ZAR after its rebound above the 200-DMA, with an interim high near 16.75 and a current pullback towards 16.37. The bank stresses the importance of the pair holding above th
Australian Dollar: Uptrend building toward 0.7035 against US Dollar – UOB UOB strategists Quek Ser Leang and Lee Sue Ann note that AUD/USD benefited from the weaker US Dollar and reclaimed the 0.70 handle, with momentum strengthening faster than expected. Intraday gains ma
Canadian Dollar gains momentum on rising oil prices, hawkish BoC rate hike bets USD/CAD continues its losing streak for the fifth successive day, trading around 1.4050 during European hours on Wednesday. The commodity-linked Canadian Dollar (CAD) is gaining strength, suppo
Japanese Yen: Intervention risk offsets trade pressure – MUFG MUFG’s Lee Hardman notes the Japanese Yen (JPY) is trading in a narrow USD/JPY range above 158.00, with intervention risk and a softer US Dollar (USD) capping upside. Bank of Japan (BoJ) officials see underlying
Dow Jones futures rise on Fed rate pause expectations, AI tech rally Dow Jones futures hold steady near 52,730 during European hours on Wednesday. S&P 500 futures surge 0.25% to trade around 7,770, while Nasdaq 100 futures rise by 0.71% to trade near
New Zealand Dollar holds steady as oil pressures inflation, RBNZ rate hike bets NZD/USD remains in positive territory after experiencing volatility, trading around 0.5690 during European hours on Wednesday. The New Zealand Dollar (NZD) receives support from market caution
Euro weakens against British Pound as UK CPI data fuels expectations of imminent BoE rate hike The EUR/GBP cross weakens to near 0.8390 during the early European trading hours on Wednesday. The British Pound (GBP) attracts some buyers following hotter UK inflation
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