Market news
Crypto, stocks, forex and macro, aggregated for traders.
Rabobank sees scope for UK consumption boost if confidence recovers
Rabobank's Stefan Koopman argues that elevated UK household saving and weak confidence leave room for a temporary surge in consumer spending if sentiment improves, amid the government's shift from 'securonomics' to 'vibonomics'.
Australia's AAA Rating Reaffirmed but AUD Faces Headwinds
Australia's AAA credit rating was reaffirmed, yet the Australian dollar contends with near-term growth headwinds and shifting central bank expectations.
EUR/USD Edges Lower, Snaps Two-Day Winning Streak
EUR/USD trades around 1.1534, down 0.15%, as the US dollar steadies, but the near-term technical outlook remains bullish after rebounding from below 1.1400 in late July.
Canadian Dollar Flat Against USD, 1.3970 Hurdle in Focus
Scotiabank strategists note CAD is little changed against the greenback, modestly outperforming other majors and trading close to fair value. A move past 1.3970 is needed for further upside.
XM Joins Retail Brokers Expanding Seven-Day Gold CFD Trading
XM has launched GOLD24-7, a retail gold CFD tradeable seven days a week, joining Vantage Markets and CMC Markets in offering weekend access.
MUFG: US Dollar Undervaluation Signals Downside Risks
MUFG’s G10 regression models suggest the US dollar is undervalued against most peers, reflecting risk premia from Middle East tensions, inflation worries, and political pressure on the Federal Reserve, according to analyst Derek Halpenny.
Nasdaq 100 and AUD/JPY Signal Renewed Risk-On Momentum
The Nasdaq 100 staged a strong rebound after an ABC correction, while AUD/JPY's rally reflects broad risk appetite. Both suggest the uptrend may continue toward new highs.
UK Polling Bounce Faces October Test, Says Standard Chartered
Standard Chartered’s Christopher Graham notes Labour has regained a lead over Reform UK and the Conservatives, but warns that upcoming October events could challenge this momentum.
WSJ: Fed’s Dollar Lending to Japan Could Undermine Policy Aims
A Wall Street Journal front-page story suggests the Federal Reserve’s lending of dollars to Japan may be doing the exact opposite of what it should, potentially contradicting its monetary policy objectives.
AUD/USD seen with modest upside bias over next 12 months – Rabobank
Rabobank strategist Jane Foley notes the Australian dollar has trended higher against the greenback since July, driven by a softer US dollar, and expects a modest continuation of that trend.
US Initial Jobless Claims Rise Marginally to 199K
New applications for unemployment insurance in the US increased slightly to 199,000 last week, according to the Labor Department.
Swedish Krona Rises as Core Inflation Beats, ING Says
Sweden’s core CPIF excluding energy rose to 0.6% in July, giving the SEK a lift against the euro, according to ING strategist Francesco Pesole.
S&P Affirms Australia’s AAA Rating, Notes Growth Risks
S&P Global Ratings affirmed Australia’s AAA long-term sovereign rating with a stable outlook, citing strong institutions and low public debt, while noting lingering growth risks.
Czech Koruna to Stay Sideways vs. Euro as CNB Holds Rate: Commerzbank
Commerzbank expects the Czech koruna to remain range-bound against the euro as the Czech National Bank holds its policy rate at 3.75%, viewing June's hike as fine-tuning.
Euro Edges Lower Ahead of US Nonfarm Payrolls Data
The euro is marginally weaker against the US dollar on Friday, with markets focused on the upcoming US Nonfarm Payrolls release.
British Pound Treads Water Above 1.3450 Ahead of US Jobs Data
GBP/USD holds marginal losses near 1.3460 as traders await US employment figures. The pair slipped from Wednesday's highs but stays above 1.3450.
Gold Surges Over 4% to Near $4,300 on US-Iran Deal Optimism
Gold prices rallied more than 4% to approach $4,300 per ounce, buoyed by growing optimism over a potential US-Iran agreement and the prospect of lower energy costs, according to ING analysts.
BBH: US Dollar Relief Rallies Seen as Shallow
Brown Brothers Harriman’s Elias Haddad noted that the US dollar has recouped some recent losses as concerns about Fed credibility eased, but sees limited room for a sustained advance.
Gold Hovers Near Seven-Week High as Strait of Hormuz Deal Awaited
Gold trades around $4,270, consolidating after briefly topping $4,300, while markets watch for confirmation of an Iran-Oman agreement on the Strait of Hormuz.
Silver Holds Near $62 Ahead of US Jobs Data
Silver price clings to two-day gains around $62.00 as traders eye the upcoming US nonfarm payrolls report, while hopes of falling oil prices lend support.
Gold Bulls Eye $4,380 as Falling US Yields Lift XAU/USD
Gold consolidates after a nearly $200 weekly gain, with bulls targeting $4,380 as declining US Treasury yields diminish expectations for near-term Fed rate hikes.
IQ Option Wins Best Islamic Trading Account 2026 Award
IQ Option has won the Best Islamic Trading Account 2026 award from FinanceFeeds, recognizing its Shariah-compliant offering and transparent trading conditions.
Softer Inflation and Fed Debate Cap Dollar Upside, OCBC Analysts Say
OCBC analysts note that softer US inflation and uncertainty over the Fed’s reaction function are blunting the dollar’s upward momentum, with upcoming employment data seen as critical.
Yen Struggles to Hold Intervention Gains, Drifts Toward 158
The Japanese yen edges lower against the dollar after a coordinated intervention, giving back part of the sharp gains that pushed USD/JPY away from its recent highs.