Currency pairs made up 13.7% of the volume retail brokers reported in the second quarter, down from 26.8% a year earlier, FM Intelligence said today (Monday). Monthly FX volume across the brokers it tracks fell to $4.2 trillion from $6.4 trillion. Volume in index, commodity, equity and crypto CFDs rose over the same year to…
TL;DR: Gold and Silver are both falling as oil-driven yields lift Fed hike expectations, but Silver is losing twice—once through the same rate pressure hitting Gold, and again through its industrial-demand exposure—a divergence the Gold/Silver ratio has just confirmed with a decisive breakout. Oil Shock Broadens as Bab el-Mandeb Comes Into Focus Gold and Silver…
The US dollar has spent a month hovering around the same level. That calm-looking chart hides a bigger argument about inflation, interest rates, and whether investors still want to pay a premium for America. The Dollar Index, or DXY, sits near 99. The case for a stronger dollar is clear. The Federal Reserve has kept…
US initial jobless claims edged from a revised 207K to 206K in the week ending September 5, slightly above the 205K consensus. The previous week’s reading was revised up from 206K, while the four-week moving average declined from a revised 207.5K to 206.0K. The latest reading therefore points to broadly stable layoffs rather than any…
US producer prices accelerated in August, with final-demand PPI rising from 0.1% to 0.4% m/m, matching consensus, while the annual rate reached 5.4%, slightly above the 5.3% forecast. The underlying measure excluding food, energy and trade services eased from 0.4% to 0.3% m/m, but still stood at 4.7% y/y, indicating that broader producer-price pressure remained…
Dollar is finally rallying against every major even as Yen, Aussie and Euro all carry their own hawkish domestic stories this week What’s happening: Dollar is rising against every major currency tracked on the daily Heat Map as the US 10-year Treasury yield breaks 4.9% and Brent climbs above $105, after Houthi militants seized Yemen’s…
Highlights U.S. Treasury yields have risen across the curve in 2026, with the 10-year yield climbing roughly 80 basis points from its late-February low through the first week of September. Most of the increase reflects expectations that the Federal Reserve will keep rates higher than previously anticipated and a larger premium for holding long-dated debt,…
Brent oil price surged over $3 on Thursday and hit levels close to $106, last traded on May 22 after Wednesday’s break and close above psychological $100 barrier generated strong bullish signal. Strong escalation in the Middle East which resulted in US attacks on Iranian tankers and Iran’s response targeting US military bases and ships,…
As expected, the ECB raised its key interest rate by 25 basis points, and the tone of the accompanying statement was fairly optimistic. Although the Bank referred to mounting inflationary pressures and uncertainty stemming from the conflict in the Middle East, it raised its GDP growth forecasts for next year. Inflation forecasts exceed the ECB’s…
Key takeaways ECB hike largely priced in: Markets widely expect the ECB to raise its deposit rate by 25 basis points to 2.50%. The bigger catalyst for EUR/USD is whether Christine Lagarde signals further tightening. Energy inflation has shifted the ECB outlook: Brent crude above US$100 and Eurozone inflation above 3% have revived hawkish policy…