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France’s 10-year bond yield climbs above 5% stirring fears of a credit crisis
France’s ballooning debt, coupled with social unrest getting out of control, is posing a perfect storm in the bond market, and boosting the yield of the 10-year Obligation Assimilable du Trésor (OAT) to levels above 5% for the first time since 2002.Fxstreet
Wed, Oct 21
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 the 200-DMA, noting two failed attempts earlier this year. It highlights downside risks towards 16.27 and 16.15 if 16.37 breaks.Fxstreet
Wed, Oct 21
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 may be capped within a tight range, but the 1–3 week outlook now points to further upside toward 0.7035, provided the pair holds above a nearby strong support zone.
Fxstreet
Wed, Oct 21
CEE FX: Fiscal risks threaten regional currencies – BNY
BNY Mellon’s Geoff Yu notes that Central and Eastern European (CEE) assets have underperformed in October, with CE3 FX (Polish Zloty, Czech Koruna and Hungarian Forint) carry versus EUR and USD lagging cash returns and reflecting markets’ belief that CEE central banks cannot match European Central B
British Pound: Rising inflation complicates BoE outlook - Deutsche Bank
Deutsche Bank’s Chief UK Economist Sanjay Raja highlights that United Kingdom (UK) inflation is on an upward trajectory, with headline Consumer Price Index (CPI) at 3.5% and core CPI at 2.8%. Services CPI has also risen, while food price momentum is the main bright spot.
Fxstreet
Wed, Oct 21
Equities: Defensive tilt as AI cycle questioned – Danske Bank
Danske Research Team notes US equities ended modestly higher, with the S&P 500 up 0.3%, Nasdaq flat and Russell 2000 outperforming. Sector performance showed a defensive bias, led by healthcare, while tech, industrials and communication services lagged on concerns about the AI investment cycle. The VIX fell toward 17, suggesting easing market anxiety, though strong AI-related earnings later challenged this rotation.
Fxstreet
Wed, Oct 21
Swiss Franc weakens as US Dollar holds gains on oil-driven inflation
USD/CHF gains ground after posting losses the previous day, trading around 0.8260 during Asian hours on Wednesday. The pair appreciates as the US Dollar (USD) receives support safe-haven demand amid rising oil prices heighten global inflation concerns.Fxstreet
Wed, Oct 21
United States Dollar Index holds firm due to oil-driven inflation, Fed neutrality
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is inching higher after posting modest gains in the previous day and trading near 101.80 during the Asian hours on Wednesday.
Fxstreet
Wed, Oct 21
Japanese Yen faces challenges as Japan’s Trade Deficit widens, BoJ signals caution
USD/JPY gains ground after registering modest losses in the previous day, trading around 158.30 during Asian hours on Wednesday. The Japanese Yen (JPY) faces mounting challenges after the latest release of Japan's Ministry of Finance merchandise Trade Balance report.
Fxstreet
Wed, Oct 21
UK CPI set to accelerate, paving the way for a BoE interest rate hike in November
The United Kingdom (UK) Office for National Statistics (ONS) is expected to release September’s Consumer Price Index (CPI) on Wednesday at 06:00 GMT. These figures will be accompanied by the Producer Price Index (PPI) and the Retail Sales report.Fxstreet
Wed, Oct 21
Japan's Katayama says will coordinating with BoJ, no major divergence on inflation outlook, policy
Japanese Finance Minister (FM) Satsuki Katayama said on Wednesday that the government is coordinating closely with the Bank of Japan (BoJ) and there is no major divergence on inflation outlook and policy.Fxstreet
Wed, Oct 21
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