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Oil: Gradual price decline with dark transit support – Commerzbank
Commerzbank economists Dr. Jörg Krämer, Dr. Vincent Stamer and colleagues argue that Middle East crude exports have nearly returned to pre-war levels thanks to dark transits through the Strait of Hormuz. They expect high risk premia to fade, with Oil futures falling from about USD 104 toward USD 85 by year-end. Diesel and European natural gas prices should ease more slowly, keeping Euro area inflation elevated until mid-2027.
Fxstreet
Fri, Oct 16
Indian Rupee: Policy support and yield reversal – Societe Generale
Societe Generale highlights that the Reserve Bank of India has taken proactive steps to support the Indian Rupee, deploying multiple FX-related measures and bond operations. The report notes a risk-off driven reversal in US yields that benefits the Rupee, alongside higher CPI and WPI inflation and a wider trade deficit. The tone is cautiously constructive for INR over the coming days.Fxstreet
Fri, Oct 16
Equities: Tech volatility but index holds gains – Deutsche Bank
Deutsche Bank strategists describe a volatile Tech session, with AI-linked names swinging sharply. Despite risk-off moves in bonds and a big rally in global rates, the S&P 500 still closed higher and near record levels.
Fxstreet
Fri, Oct 16
Euro surges against Canadian Dollar despite political uncertainty in France
EUR/CAD extends its gains for the second successive day, trading around 1.5920 during hours on Friday. The upside of the currency cross could be restrained as the Euro (EUR) could struggle due to political uncertainty in Europe, particularly in France.
Fxstreet
Fri, Oct 16
Equities: Defensive rotation but indices near highs – Danske Bank
Danske Bank’s Danske Research Team observes that equities traded mostly lower, with defensives outperforming cyclicals and the SOX declining for a fifth session amid an ongoing AI-related rotation and mixed US bank earnings. However, several indices remain close to all-time highs, which the team interprets as sector rotation rather than broad deleveraging, given a resilient macro backdrop and strong earnings.Fxstreet
Fri, Oct 16
BoJ’s Ueda: Central bank will continue to raise policy rates
On behalf of Bank of Japan (BoJ) Governor Kazuo Ued, Deputy Governor Shinichi Uchida said during the European trading session on Friday that the central bank will continue to raise policy rate in accordance with economic, price, and financial developments, reiterating the hawkish monetary policy staFxstreet
Fri, Oct 16
BoC’s Macklem says Canada has not raised rates yet as energy prices pose challenges
Bank of Canada (BoC) Governor Tiff Macklem spoke during a panel discussion at the annual meetings of the IMF and World Bank in Bangkok. Macklem said that Canada has not hikes interest rates yet but the longer elevated energy prices go, the harder that gets, Reuters reported on Friday.
Fxstreet
Fri, Oct 16
Australian Dollar strengthens to near 0.6950 following Fed Warsh’s speech
The AUD/USD pair gains ground to near 0.6945 during the early European trading hours on Friday. The US Dollar (USD) attracts some sellers against the Australian Dollar (AUD) following a speech from Federal Reserve (Fed) Chair Kevin Warsh.
Fxstreet
Fri, Oct 16
Breaking: Fed’s Warsh says he would deliver price stability, but won’t pre-judge meetings
Federal Reserve Bank Chairman Kevin Warsh participates in a conversation with IMF Managing Director Kristalina Georgieva on Friday at the Fireside Chat with the International Monetary Fund (IMF) Managing Director Kristalina Georgieva, Bangkok, Thailand.
Fxstreet
Fri, Oct 16
US Treasury Official says Japan no longer faces deflation, Yen and monetary policy must adjust
US Treasury Undersecretary for International Affairs, Erin Browne, said on Friday that Japan is no longer faces deflationary environment, and the Japanese Yen (JPY) level and monetary policy must change along with that.Fxstreet
Fri, Oct 16
IMF’s Georgieva: Northern countries need to rebuild their fuel reserves as winter is coming
The International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Friday that Northern countries must rebuild depleted fuel and strategic energy reserves as winter approaches.Fxstreet
Fri, Oct 16
British Pound softens below 1.3300 on hot US PPI, eyes on Fed Warsh's speech
The GBP/USD pair declines to around 1.3270 during the early Asian session on Friday. The US September Producer Price Index (PPI) comes in hotter than expected, supporting the US Dollar (USD) against the British Pound (GBP).Fxstreet
Fri, Oct 16
US President Donald Trump says no plans to deploy troops on ground in Iran
US President Donald Trump said on Friday that he would not use a nuclear bomb in Iran and does not see his country deploying ground troops in the Islamic Republic, Reuters reported. Trump added that he spoke with Russia and China about nuclear disarmament.Fxstreet
Fri, Oct 16
Japan’s Katayama says unable to comment on need for additional budget
Japanese Finance Minister (FM) Satsuki Katayama said on Friday that she could not comment on whether an additional budget would be necessary. However, she noted that if additional budget were required, it would focus on addressing urgent policy priorities.
Fxstreet
Fri, Oct 16
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The Week Ahead: US Midterm Elections and October Nonfarm Payrolls Arrive as Earnings From Apple, Palantir, AMD Take Center Stage
Today’s Market Recap: Three Major US Indexes Plunge, Philadelphia Semiconductor Index Tumbles Over 7%, Oil Falls, Gold and Silver Advance
Apple Earnings Preview: Can iPhone Offset Memory Cost Pressures? Wall Street's Highest Target Hits $400
AMD Q3 Earnings Preview: Can AI Chip Growth Reverse an 11% Decline? Wall Street's Highest Target Price at $1,250
Palantir Q3 Earnings Preview: Revenue Expected to Grow 84% Above High End of Company Guidance, Highest Wall Street Target Reaches $265
