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British Pound: Downside bias points to 1.3140 against US Dollar – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann highlight that GBP/USD traded sideways on Monday, closing slightly lower near 1.3225, with intraday price action lacking clear momentum. They expect near-term range trading to persist.
Fxstreet
Tue, Oct 6
Australian Dollar: Oversold conditions limit losses against US Dollar – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note that AUD/USD outperformed on Monday, closing near 0.6970 after a modest rebound. Intraday, they see scope for slight gains but expect the pair to stay capped below 0.6985.
Fxstreet
Tue, Oct 6
Brazilian Real: Bolsonaro boost faces parliamentary constraints – Commerzbank
Commerzbank’s Norman Liebke notes the Brazilian Real (BRL) strengthened about 4% as USD/BRL fell from 5.2 to 5 on F. Bolsonaro’s election lead. He cautions that despite gains by Partido Liberal and other conservatives, Bolsonaro would still lack outright majorities and remain reliant on alliances.Fxstreet
Tue, Oct 6
ECB’s Rehn: High long-term rates contributing to a slowdown in growth
The comments from European Central Bank (ECB) official and Finnish Central Bank Governor Olli Rehn released during the European trading session on Tuesday signal economic warnings due to higher long-term interest rates.Fxstreet
Tue, Oct 6
Swiss Franc: Range-bound within 0.8245–0.8365 band against US Dollar – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann describe USD/CHF as consolidating after failing to extend lower, with Monday’s session confined to a narrow range around 0.8310. Intraday, they expect further sideways trading between nearby support and resistance.
Fxstreet
Tue, Oct 6
ECB’s Lane: High inflation due to energy shock is driving hawkish ECB sentiment
European Central Bank (ECB) Chief Economist Philip Lane said in an interview with ANSA, released during the European trading session on Tuesday, that energy shock-led inflationary pressures are key driver to the high interest rates narrative.Fxstreet
Tue, Oct 6
Equities: Broad catch-up as yields back up – Danske Bank
Danske Research Team report that Equities moved higher on Monday, with the Nasdaq hitting a fresh record and the S&P 500 just 0.3% below its own peak. Gains occurred despite another backup in long‑term yields, with positive market breadth and an unusual sector mix. The move is described as a broader catch‑up session rather than classic risk‑on or inflation‑relief buying.
Fxstreet
Tue, Oct 6
Brent: Prices hold near $100 as Gulf risks persist – ING
ING analysts Warren Patterson and Ewa Manthey note that ICE Brent is still finding support around the $100/bbl level as geopolitical risks in the Persian Gulf outweigh an improving supply backdrop. They highlight recent attacks on Saudi infrastructure, adjustments in Kuwait and Saudi output and pricing, and lingering vulnerability in European natural gas storage ahead of winter.
Fxstreet
Tue, Oct 6
BoJ may indicate underlying inflation is near the 2% target, sources say
The Bank of Japan (BoJ) could indicate later this month that underlying inflation has reached nearly its 2% target, according to three sources familiar with the central bank’s thinking. Such a signal would underscore the BoJ’s willingness to resume raising interest rates in the coming months.Fxstreet
Tue, Oct 6
Japanese Yen steadies amid expansionary fiscal plans, rate hike uncertainty
USD/JPY moves little after posting minor gains in the previous day, trading around 157.90 during Asian hours on Tuesday. The currency pair has steadied into a tight trading range following recent developments in Japanese fiscal policy.Fxstreet
Tue, Oct 6
Yemen's Houthis claim missile, drone strikes on multiple targets in Saudi Arabia
Yemen's Houthi group said on Monday that it carried out three military operations using ballistic and cruise missiles and drones against airports, an oil facility, and military sites across Saudi Arabia, Xinhua News Agency reported.Fxstreet
Mon, Oct 5
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