News

The WSJ’s Summer Said reports that Hamas fighters trained in Iran before the Oct 7 attacks. The story says roughly 500 Palestinians got specialized training in Iran as recently as September. Note that this is the same journalist who reported the day after the attacks that Iran helped to plot the attack. This report cites

Canadian Dollar encountered heavy headwinds after BoC made the anticipated decision to keep interest rates steady. The bank’s hawkish tone persisted, highlighting concerns over the sluggish pace of disinflation. However, the central bank also acknowledged emerging signs indicating that past rate hikes might be curbing economic activity. Earlier in the day, Australian Dollar experienced a

In case you missed the headlines from earlier, you can check out Eamonn’s recap here: RBA rate hike incoming on November 7 – will they hike again in December? The OIS market is now pricing in roughly 63% odds of a 25 bps move next month, following the stronger-than-expected inflation numbers earlier today. That also

Asian markets commenced the week in a muted tone, with trading activity dampened due to public holidays in New Zealand and Hong Kong. The tepid trading ambiance is expected to persist through the day, given the sparse economic calendar. However, market participants are bracing for a resurgence in volatility, as a flurry of Purchasing Managers’

Gold fell on Wednesday as investors continued to book profit after a strong rally over the past two weeks aided by the Israel-Hamas conflict. This was despites some softening in the US bond yields and slippage in the dollar index (DXY). MCX December gold futures traded in the red on Wednesday at Rs 60,476 per

Bitcoin has fallen $1000 in the past few minutes, wiping out a portion of today’s huge gains. The reason appears to be that the ticker IBTC appears to have disappeared from a list of ETFs on the DTCC website. When Blackrock’s bitcoin spot ETF first appeared on the site yesterday, it was seen as a

Gold prices rebounded on Tuesday as benchmark U.S. Treasury yields pulled back, while investors awaited economic data for guidance on interest rates and monitored growing tensions in the Middle East. Spot gold was up 0.2% at $1,976.99 per ounce by 0349 GMT, while U.S. gold futures was steady at $1,988.10. Benchmark 10-year U.S. Treasury yield

Euro’s forward drive this week faced a halt as subpar PMI readings painted a concerning picture for the Eurozone economy. The data fuels concerns that the Eurozone economy might be heading into deeper waters. At the same time, British Pound is weighed down by slowing wages growth and weak PMIs too. Swiss Franc is also

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Oil prices eased on Monday as aid convoys started to arrive in the Gaza Strip over the weekend amid diplomatic efforts to contain a conflict between Israel and the Palestinian Islamist group Hamas from spreading to the wider oil-rich region. Brent crude futures fell 60 cents to $91.56 a barrel and U.S. West Texas Intermediate

In a surprising twist, Euro experienced a significant surge overnight, powering through a short-term resistance level when matched up against Dollar. Euro in also a position to resume its long-term up trend versus Yen. he factors fuelling this surge, however, remain a subject of speculation. On one hand, recent economic indicators have been less than

EURUSD daily The euro is trading at the highest since September 24 as it clears the October 11 high of 1.0640. The rally today is more about the USD side of the equation as it slackens alongside Treasury yields. US 10s are trading at 4.86% from as high as 5.02% earlier today as part of

Gold fell on Monday amid strength in dollar index and uptick in bond yields. Yellow metal prices were down on the MCX and Comex as the markets begin to price-in the Israel-Hamas conflict. MCX December gold futures traded in the red on Monday at Rs 60,537 per 10 gram, up by Rs 191, or 0.33%.

Euro emerged as the frontrunner in today’s forex markets, establishing itself as the strongest performer. However, the overall momentum in the currency arena seems relatively restrained. Following closely behind Euro, Canadian Dollar is occupying the spot of the second strongest, with Sterling and Dollar not far behind. Contrarily, Swiss Franc, Yen, and Australian Dollar demonstrated

China to hold its financial conference focused on economy, debt risks Goldman Sachs says FX outflows from China in September hit US$75 bln, biggest since 2016 Australian PM Albanese confirms he will meet with Communist Party Chair Xi in China in Nov Chinese police raided the Shanghai offices of a London-based firm, detained an executive

Gold prices fell on Monday, retreating from a five-month peak scaled in the previous session, as robust U.S. Treasury yields cut demand for the non-yielding asset ahead of key inflation and economic growth data due later this week. FUNDAMENTAL Spot gold dropped 0.8% to $1,965.89 per ounce by 0104 GMT, and U.S. gold futures slid

UPCOMING EVENTS: Tuesday: AU-JP-EZ-UK-US PMIs, UK Unemployment Rate. Wednesday: Australia CPI, German IFO, BoC Policy Decision. Thursday: ECB Policy Decision, US Durable Goods, US GDP Q3, US Jobless Claims. Friday: Tokyo CPI, Australia PPI, US Core PCE. Tuesday The ONS last week published only the figures on the workers’ earnings, vacancies and real time information

In the past week, gold prices experienced a second consecutive rise, largely driven by the ongoing conflict in the Middle East, which has created significant uncertainty in financial markets. The week began with a slight dip in COMEX gold prices, but a remarkable one-sided rally ensued. The escalation of the Israel-Hamas conflict heightened the demand