Natural Gas sinks near 3% despite heated tensions in the Middle East

Share: Natural Gas snaps below recent multi-year low and prints new three-year low.  Traders are sending Gas lower on tepid demand outweighing rising tensions.  The US Dollar Index is flat above pivotal support with the US closed for holiday.  Natural Gas (XNG/USD) is trading around $1.63 and is unable to flare up after… ادامه خواندن Natural Gas sinks near 3% despite heated tensions in the Middle East

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Mexican Peso gives back gains as US data boosts the US Dollar

Share: Mexican Peso reverses its course, weakens against the US Dollar, losing more than 0.40% Mexico’s CPI for October’s first half eases as Banxico has held rates unchanged since March 2023. US business activity improves, exiting contractionary territory as per S&P Global PMIs. Mexican Peso (MXN) gave up some of its Monday’s gains… ادامه خواندن Mexican Peso gives back gains as US data boosts the US Dollar

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Diversification benefits of Oil and Gold remain intact – UBS

Share: Investors face fresh uncertainties. Heightened geopolitical risks underline the merits of diversification, economists at UBS report. Oil and Gold assets will also be supported by market fundamentals Gold closed at a one-month high of $1,981 an ounce on 20 October, and is up around 8.7% over the past two weeks. Brent rose… ادامه خواندن Diversification benefits of Oil and Gold remain intact – UBS

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Crude Oil Futures: A sustained drop seems not favoured

Considering advanced prints from CME Group for crude oil futures markets, open interest resumed the downtrend on Monday, shrinking by nearly 10K contr منبع: https://www.fxstreet.com/news/crude-oil-futures-a-sustained-drop-seems-not-favoured-202310240624

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Australian Dollar trades in the positive territory despite downbeat PMI data

Share: Australian Dollar extends gains as the US Dollar declines. Australia’s Manufacturing PMI eased to 48.0, while the Services PMI dropped to 47.6. China may approve over 1 trillion yuan in additional sovereign debt issuance. The pullback in US Treasury yields is weighing on the Greenback. The Australian Dollar (AUD) aims to trade… ادامه خواندن Australian Dollar trades in the positive territory despite downbeat PMI data

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Canadian Dollar holding onto Monday gains against US Dollar ahead of BoC rate call

Share: Canadian Dollar catching some lift as the broad-market US Dollar Index recedes. The Bank of Canada lands with its next rate call on Wednesday. Market sentiment is improving on Monday, sending the Greenback lower. The Canadian Dollar (CAD) is finding some lift to kick off the new trading week, bolstered by investors… ادامه خواندن Canadian Dollar holding onto Monday gains against US Dollar ahead of BoC rate call

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USD correction to come in the coming weeks – TDS

Share: The USD failed to sustain a meaningful rally despite the strong US Retail Sales and further uptick in 10-year yields. Economists at TD Securities analyze Greenback’s outlook. BoC risks skew hawkish We remain bearish on the USD as it looks stretched as per our model which tracks key macro drivers.  We continue… ادامه خواندن USD correction to come in the coming weeks – TDS

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Macro data should start to turn more in favour of a correction lower in yields, marking a turn for USD – MUFG

Share: Economists at MUFG Bank analyze the Beige Book released last week and its implications for yields and the US Dollar. The Fed seems more mindful of impending slowdown Our natural language sentiment indicator of the wording in the latest Beige book to describe the US economy shows that on balance there was… ادامه خواندن Macro data should start to turn more in favour of a correction lower in yields, marking a turn for USD – MUFG

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EU considers gas price cap extension to avert winter crisis- FT

Share: The European Union (EU) is considering extending an emergency  gas price cap imposed in February, amid concerns that the Middle East crisis and sabotage of a Baltic pipeline could push prices up again this winter, according to the Financial Times on Sunday, Furthermore, the European Commission said that there has been “no indication of… ادامه خواندن EU considers gas price cap extension to avert winter crisis- FT

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Uptrend stalls at 159.00, as buyers target 159.70s YTD high

Share: EUR/JPY climbs for the second straight day, breaking above 158.92, but closes at 158.74. BoJ’s ultra-loose monetary policy pressures JPY, while positive EU data reduces a possible ECB rate hike. Technical analysis shows potential for further gains, with YTD high at 159.76 as next target for buyers. EUR/JPY climbed for the second… ادامه خواندن Uptrend stalls at 159.00, as buyers target 159.70s YTD high

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