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The US dollar is under pressure following a soft ISM manufacturing report. The main catalyst is the bond market as yields fall 7-10 bps across the curve. US 10-year yields have backed further away from 5%. US 10s The Treasury announced new auction sizes for bonds today and 10-year sizes weren’t as large as feared.

Oil prices rose more than 2% on Wednesday ahead of the keenly watched meeting of the U.S. central bank for clues on interest rate policy, while the conflict in the Middle East remains in focus. Brent January crude futures were up about 2.5%, or $2.08, to $87.10 a barrel by 1316 GMT. U.S. West Texas

US 10-year yields is seeing a notable drop after Treasury unveiled its auction plan. In a closely monitored move, the department announced a USD 2B/month increase in 10-year bond sales. This increment was below market’s anticipated USD 3B hike. The decision appears to bolster 10-year treasury price, subsequently pressing down 10-year yield. US stock futures

The dollar is keeping steadier so far on the day, after posting a decent advance in trading yesterday owing much to a surge higher in USD/JPY. The pair itself got a helping hand from the BOJ and also purported absence of intervention by Tokyo, paving the way for a break above 151.00 to its highest

Gold prices started November lower on Wednesday as cautious investors awaited U.S. Federal Reserve’s policy decision, after the Middle-East worries led to a strong safe-haven rally last month and pushed prices above $2,000. FUNDAMENTALS * Spot gold fell 0.2% to $1,979.71 per ounce by 0125 GMT and U.S. gold futures dropped 0.3% to $1,988.70. *

Oil prices were steady on Tuesday as a drop in euro zone inflation was balanced by higher OPEC output. December Brent crude futures, were 21 cents, or 0.24%, higher at $87.66 a barrel by 1342 GMT ahead of their expiry later on Tuesday. The more heavily traded January contract rose 7 cents, or 0.08%，to $86.42.

The major US stock indices have now erased earlier declines. Each of the indices are now higher on the day. Dow industrial average was down -141.85 points at session lows. It is currently up 46.45 points or 0.14% at 32974.63 S&P index was down -13.71 points at session lows. It is currently up 29 points

Yen continued to face significant pressure in early US session, remaining as the day’s weakest performer. Hopes of substantial changes from BoJ were dashed earlier as it made only a minor adjustment to the definition of yield cap. The selling sentiment intensified following revelation that Ministry of Finance refrained from spending on interventions between September

Japanese yen bulls were left disappointed by the BOJ once again as the central bank continues to kick the can down the road. Each and every time they could have made a statement to markets, they decide to back down and play it safe instead. It has been the case ever since Ueda took over

Gold fell on Tuesday ahead of the US Federal Reserve’s Federal Open Market Committee (FOMC) meeting which begins later today as investors await the outcome. The trade is expected to remain in a narrow range. MCX December gold futures were trading at Rs 61,140 per 10 gram, down by Rs 140 or 0.23% from the

Japanese Yen experienced a sharp decline following BoJ’s’s (BoJ) subtle adjustment in its language regarding the yield cap. This move has failed to meet market expectations, pushing Yen back below 150 mark against Dollar. Given this backdrop, there’s potential for Yen’s decline to extend past last week’s low, reflecting the broader market sentiment. Amidst this,

US dollar index The US dollar is near the session lows across the board today, in a reversal of the recent trend. Here are three reasons why: 1) Sell the fact on the Gaza ground invasion The events in the Middle East this month have been awful but when it comes to war, the fear

Oil slipped more than 1% on Monday as concern eased about the Israel-Hamas war affecting supply from the region and as investors adopted caution ahead of this week’s U.S. Federal Reserve meeting and other indications of global economic health. Brent crude futures fell $1.29 cents, or 1.4%, to $89.19 a barrel by 1252 GMT, while

Yen, Swiss Franc, and Dollar are weakening in early US session, with a discernible shift in European market sentiment that suggests a mild recovery. Major European stock indexes have inched upwards, and US futures market also indicates a higher opening. Despite early signals suggesting Yen might rebound, likely in light of tomorrow’s BoJ policy announcement,

Bank of Canada Governor Macklem and Senior Deputy Rogers are speaking Monday Goldman Sachs plan to raise 10-year growth forecasts – enormous potential of generative AI ECB and Riksbank speakers due on Monday PBOC sets USD/ CNY reference rate for today at 7.1781 (vs. estimate at 7.3165) Standard Chartered-owned crypto firm launches in Hong Kong:

SINGAPORE – Oil prices slipped $1 a barrel on Monday as investors adopted caution ahead of the Fed policy meeting and China’s manufacturing data later this week, offsetting support from geopolitical tensions in the Middle East. Brent crude futures dropped 98 cents, or 1.1%, to $89.50 a barrel by 0001 GMT while U.S. West Texas

The foreign exchange markets have commenced the week on a relatively quiet note, with major currency pairs and crosses adhering closely to Friday’s trading range. Commodity currencies have shown a modest edge, while European majors appear somewhat subdued. Yen and Dollar find themselves in an intermediate position, but overall market volatility remains notably low. Traders

UPCOMING EVENTS: Monday: Australia Retail Sales. Tuesday: Japan Jobs data, Japan Retail Sales and Industrial Production, Chinese PMI, BoJ Policy Decision, Swiss Retail Sales, Eurozone GDP and CPI, Canada GDP, US ECI, US Consumer Confidence, New Zealand Jobs data. Wednesday: Chinese Caixin Manufacturing PMI, US ADP, Canada Manufacturing PMI, US ISM Manufacturing PMI, US Job