https://www.gurutrade.com/news/finance/rss/ Be aware of the world's largest banks policy changes and the exchange rate changes with GuruTrade. Sat, 03 Oct 2026 05:56:48 +0300 50 en https://www.gurutrade.com/news/gold-heads-for-weekly-drop-on-strong-dollar-high-yields-1790957885.html US job growth slows sharply in September Traders trim bets on Fed rate hikes after jobs data All precious metals head for weekly losses Oct 2 Reuters Gold prices fell on Friday, reversing earlier gains, as a stronger dollar and elevated US Treasury yields weighed on the nonyielding metal, leaving it on track for a weekly decline. Spot gold fell 0.8 to 4,145.68 per ounce by 1138 a.m. EDT 1538 GMT, and was down about 3.3 for the week so far. US gold futures were down 0.7 at 4,173.50. The US dollar edged lower, but was headed for a weekly gain, while yields on 10 and 30year Treasuries hit their highest levels since 2002 on Thursday. Bullion fell after gaining over 1 earlier in the session after data showed US job growth slowed more than expected in September. US nonfarm payrolls rose by 29,000 last month after a downwardly revised increase of 133,000 in August, the Labor Department39;s closely watched employment report showed on Friday. Economists polled by Reuters had forecast payrolls advancing 90,000 after a previously reported 162,000 surge in August. Gold bugs are perhaps refusing to get carried away for the time being, knowing that the Fed retains a hawkish bias, said Han Tan, chief market analyst at Bybit. In the months ahead, much of gold39;s trajectory will depend on how much the Fed is willing to tolerate potential labor market weakness, with its eyes firmly set on subduing US inflation. Bullion has fallen over 20 since the USIsraeli war with Iran... https://www.gurutrade.com/news/gold-heads-for-weekly-drop-on-strong-dollar-high-yields-1790957885.html Fri, 02 Oct 2026 06:50:52 +0300 https://www.gurutrade.com/news/london-shares-recover-as-bond-sell-off-eases-oil-slips-1790945877.html Oct 2 Reuters The UK39;s FTSE 100 rebounded on Friday, as easing oil and bond yields helped allay inflation concerns after a global bonds selloff dented risk appetite earlier this week. The bluechip FTSE 100 index rose 0.28 to 10,455.34 points by 1007 GMT, but was headed for its sharpest weekly decline since April. The midcap FTSE 250 climbed 0.52 to 24,267.39 points. Oil prices , eased about 3 after a sharp rise a day earlier as reports about talks on additional diesel and crude stock releases eased concerns over tight global energy supplies Global shares rose as wild volatility in bond and currency markets eased ahead of key US jobs data, which could shape expectations for the Federal Reserve39;s next policy move Gilt yields dropped, with the benchmark 10year gilt yield falling to 5.332 after climbing to its highest since 2007 in the previous session The retreat in yields helped push ratesensitive homebuilders up 1.1 after a 5 drop a day earlier Still, banks continued to remain under pressure, with the index of UK lenders set for its biggest weekly drop since March Among stocks, IG Group tumbled 22 after the online trading platform cut its 2026 revenue growth forecast, citing weak market conditions that hurt client retention in its overthecounter OTC derivatives business. Peers Plus 500 and CMC Markets declined 4.7 and 8.8, respectively BAE Systems advanced about 1 after reports that the company is among the potential bidders that are... https://www.gurutrade.com/news/london-shares-recover-as-bond-sell-off-eases-oil-slips-1790945877.html Fri, 02 Oct 2026 01:30:31 +0300 https://www.gurutrade.com/news/hedge-funds-struggle-for-sept-gains-as-rate-ai-swings-bite-1790961327.html HONG KONG, Oct 2 Reuters Global hedge funds struggled to deliver positive returns in September as surging bond yields, higher oil prices and sharp swings in AI shares whipsawed the markets, according to prime brokerage notes and investors. Global fundamental equity longshort funds on average lost 0.55 last month, Goldman Sachs Prime Services team said in a note, although they still outperformed the MSCI World Index which fell 1.3. In contrast, computerdriven systematic equity longshort funds rose 3.46 last month, marking their best monthly performance this year, according to Goldman Sachs. September was dominated by central bank headlines. The US Federal Reserve raised interest rates for the first time since 2023, signaling more rate hikes in coming months. The Iran war pushed oil prices higher and sent US Treasury yields to twodecade highs. Fears of AI spending slowdown also triggered sharp swings in crowded technology positions from the US to South Korea, complicating shortterm trading. In the US, hedge funds sold most sectors in September, but divergence emerged within the tech sector where electronic equipment and hardware were sold off, while semiconductor equipment and software attracted strong inflows, Goldman Sachs said. In Asia, Morgan Stanley said hedge fund performance was subdued in September due to economic uncertainty. The bank estimated Asian hedge funds across strategies fell 0.6 last month through September 25, compared with a 0.2 decline globally.... https://www.gurutrade.com/news/hedge-funds-struggle-for-sept-gains-as-rate-ai-swings-bite-1790961327.html Fri, 02 Oct 2026 12:30:23 +0300 https://www.gurutrade.com/news/rupee-drops-to-2-month-low-as-global-bond-rout-deepens-1790932468.html MUMBAI, Oct 1 Reuters The Indian rupee dropped to its weakest level in two months as global bond yields surged to decadal highs and oil prices jumped, deepening pressure on the South Asian currency that was already hurt by foreign portfolio outflows on Thursday. The rupee ended down 0.5 at 96.3150 per dollar, its sharpest singleday fall in more than two months after it breached the key psychological barrier of 96 even as dollar sales by staterun banks limited its fall. Borrowing costs from the US to France, Britain and Japan hit their highest in decades on Thursday, squeezing already pressured government finances, and threatening stocks, credit and other global assets. The 10year US Treasury yield , a yardstick for borrowing costs and asset prices globally, rose to 5.34, its highest since 2002. Brent crude oil prices reclaimed the 100perbarrel mark as well after China suspended oil products exports, potentially tightening fuel markets already coping with supply shortages globally. The multifront pressures drove down stocks in Mumbai by about 1 while the yield on the 10year benchmark bond rose to its highest level in over two years. Supply disruptions, volatile energy prices and global uncertainty could pose nearterm risks to inflation, the rupee and capital flows, the Indian government said in a report on Thursday. Prevailing pressures on the rupee have also kept exporters reticent about hedging their receivables even as importer hedging remains robust,... https://www.gurutrade.com/news/rupee-drops-to-2-month-low-as-global-bond-rout-deepens-1790932468.html Thu, 01 Oct 2026 02:10:46 +0300 https://www.gurutrade.com/news/global-bonds-hit-by-fiscal-fears-us-10y-yield-at-24y-high-1790851928.html France39;s 10year yield jumps 10 basis points to 4.96, nearing 5 Britain39;s 30year government bond yield rises above 6, highest since 1998 Traders now expect at least three more Fed hikes before mid2027 LONDONSINGAPORE, Oct 1 Reuters Global bonds were engulfed in another selloff on Thursday, squeezing already pressured government finances, as borrowing costs from the US to France, and Japan hit levels not seen in decades, spilling into broader markets including stocks. European shares were hit particularly hard, with the benchmark STOXX 600 index down 1.2 to its lowest since June. The 10year US Treasury yield, a yardstick for global borrowing costs and asset prices, rose to 5.34, its highest since 2002, having posted its biggest quarterly rise this century in the three months to September. Yields rise when bond prices fall, and have been surging around the world as soaring energy costs fan inflation and as the boom in AI and data centre building lift expectations for growth and for where shortterm interest rates will settle. Higher rates raise financing costs for companies and mortgage borrowers and force governments to spend more on interest payments, with less left over for anything else. More heavily indebted countries39; bonds are getting sold harder. France39;s 10year note has just seen its worst quarterly performance since 1987, and its yield jumped by a further 10 basis points on Thursday to 4.96, closing in on the symbolic 5 level. French OATs are... https://www.gurutrade.com/news/global-bonds-hit-by-fiscal-fears-us-10y-yield-at-24y-high-1790851928.html Thu, 01 Oct 2026 01:10:44 +0300 https://www.gurutrade.com/news/s-korean-shares-end-nearly-2-higher-on-record-chip-exports-1790931857.html KOSPI rises, foreigners are net sellers Korean won weakens against dollar South Korea benchmark bond yield rises For the midday report, please click SEOUL, Oct 1 Reuters Roundup of South Korean financial markets South Korean shares recouped early losses to end nearly 2 higher on Thursday, led by gains in chipmakers after domestic trade data smashed forecasts to hit a fresh record. The benchmark KOSPI closed 133.31 points, or 1.95 higher, at 6,971.35, after falling as much as 1.1 earlier in the session. The KOSPI snapped three consecutive sessions of decline to post its biggest daily percentage rise since September 18. The domestic market was led by strength in the chip sector after export data. However, we still need to see if growth rates will continue to improve, said Seo Sangyoung, an analyst at Mirae Asset Securities. South Korea39;s exports jumped 83.5 in September from a year earlier to a record 120.9 billion, beating the median market expectation for a 62.0 increase, as semiconductor shipments more than tripled on global AI spending. South Korea39;s factory activity grew in September at the strongest pace in four months, as export demand hit the fastest pace in 1512 years led by the chip and auto sectors, a survey showed. Upbeat domestic data came after US chipmaker Micron Technology forecast quarterly revenue above estimates on Wednesday and said customers had increased commitments under its longterm supply agreements to 32 billion, signalling... https://www.gurutrade.com/news/s-korean-shares-end-nearly-2-higher-on-record-chip-exports-1790931857.html Thu, 01 Oct 2026 10:50:39 +0300 https://www.gurutrade.com/news/rupee-near-bottom-of-asia-fx-pile-as-global-headwinds-deepen-1790783813.html MUMBAI, Sept 30 Reuters The Indian rupee was among the worst performers in Asia this quarter and over the last 30 days, hit by worries over elevated crude prices and surging global bond yields that added to headwinds for local assets. The currency declined 0.7 on the month and 1.2 in the JulySeptember quarter, averting steeper losses largely on the back of persistent interventions by the Reserve Bank of India. On Wednesday, it closed at 95.83 per dollar, up from 95.98 in the previous session. The South Asian unit navigated a tumultuous quarter which saw benchmark Brent oil prices swing between 70 per barrel and nearly 110 as conflict between the US and Iran ebbed and flowed. While higher oil prices may continue to weigh on the current account, we expect healthier capital flow dynamics and the RBI39;s broad policy toolkit, including the potential to raise rates if necessary, to keep the rupee rangebound, analysts at Goldman Sachs said in a note. The Reserve Bank of India39;s monetary policy decision next week is expected to be a key driver, with markets widely anticipating a 25 basis point hike. The sevenmonth old war in the Middle East has also stoked inflation concerns globally, which alongside worries over developed market government finances, lifted bond yields to multiyear highs, hurting emerging market assets. The yield on 10year and 30year US Treasuries climbed 80 bps and 65 bps, respectively, over the quarter, while Indian bonds fared better, with the yield... https://www.gurutrade.com/news/rupee-near-bottom-of-asia-fx-pile-as-global-headwinds-deepen-1790783813.html Wed, 30 Sep 2026 02:30:25 +0300 https://www.gurutrade.com/news/gold-ticks-up-but-sets-for-monthly-loss-on-fed-rate-outlook-1790769825.html Spot gold set to end September down over 5 US PCE inflation due at 1230 GMT Qatari mediators press peace deal between US and Iran Sept 30 Reuters Gold prices edged higher on Wednesday but remained on track for a monthly decline as prospects of higher interest rates dented sentiment, while investors awaited US inflation data for clues on the Federal Reserve39;s policy path. Spot gold rose 0.2 to 4,188.17 per ounce, as of 0920 GMT, but has lost more than 5 so far this month. US gold futures gained 1 to 4,219.90. The US dollar eased but was headed for a monthly gain, making greenbackdenominated metals more expensive for holders of other currencies. Gold is very much at the whims of Fed rate hike expectations and comments from policymakers, said Jamie Dutta, market analyst at trading platform Nemo.money. Last week39;s strong data and hawkish Fedspeak saw a delayed sharp selloff on Monday. But a more dovish slant from the influential Federal Reserve Bank of New York President John Williams on Tuesday has seen bullion prices rebound. Gold fell nearly 4 to as low as 4,110.55 per ounce on Monday, as a surge in crude oil prices led to increased expectations for the Fed to further raise interest rates. Williams, a permanent voter at the Fed39;s ratesetting panel, said on Tuesday that Fed policymakers probably only need to deliver one more hike this year to get inflation back on track to the central bank39;s 2 goal. He also said that there is time to parse data before... https://www.gurutrade.com/news/gold-ticks-up-but-sets-for-monthly-loss-on-fed-rate-outlook-1790769825.html Wed, 30 Sep 2026 02:10:50 +0300 https://www.gurutrade.com/news/sterling-hits-1-month-high-vs-euro-on-uk-gdp-data-boe-bets-1790782893.html UK Q2 growth revised up, lifts sterling Markets price in 33 bps of BoE hikes by yearend Pound set for monthly losses versus dollar PM Burnham39;s first budget to be key driver in October 30 Sept Reuters Sterling hit a 6week high versus the euro on Wednesday after data showed the UK economy grew faster than previously expected in the second quarter, cementing expectations for an interest rate hike by the Bank of England by the end of this year. The pound edged up 0.4 to a oneweek high of 1.3292, recovering from a threemonth low it hit in the previous session. Against the euro it was at its highest since midAugust, with the euro down nearly 0.3 at 85.43 pence. Economic output expanded by 0.5 in the ApriltoJune period, a touch higher than the initial estimate of 0.4. Economists polled by Reuters anticipated no change from the previous estimate. Traders are pricing in around 33 basis points of monetary tightening from the BoE by yearend and more than 100 basis points by the end of 2027, LSEGcompiled data showed, although analysts broadly expect much more limited action. You can see here very clearly a market that is overly hawkish. If we get a resolution by November, the BoE may decide to stay on hold, but if it doesn39;t happen, then they39;ll be pushed to hike because the ECB has hiked, the Fed has hiked, the BOJ has hiked and they may feel a bit of pressure to do it, said Nicolas Trindade, a senior fixed income portfolio manager at BNP Paribas Asset Management.... https://www.gurutrade.com/news/sterling-hits-1-month-high-vs-euro-on-uk-gdp-data-boe-bets-1790782893.html Wed, 30 Sep 2026 02:00:08 +0300 https://www.gurutrade.com/news/ftse-100-up-on-uk-gdp-set-for-worst-month-since-march-1790781938.html Sept 30 Reuters London39;s FTSE 100 rose on Wednesday as investors assessed strongerthanexpected GDP data, and was on course for a monthly loss as persistent inflation concerns and rising bond yields dampened sentiment. The bluechip FTSE 100 index rose 0.26 to 10,664.93 points by 1018 GMT, headed for its biggest monthly loss since March and its seventh consecutive quarterly gain. The midcap FTSE 250 climbed 0.74 but was set to dip for the month. Britain39;s economy grew more quickly than previously thought in the second quarter, with output expanding by 0.5 in the ApriltoJune period, the Office for National Statistics said The data showed unexpected resilience in the face of geopolitical upheaval and a global bond market crisis The positive data helped cyclical stocks, with banks being the biggest boost to the index The utilities sector rose 2.7 a day after UK PM Andy Burnham made a series of policy announcements for the sector Electricity firms National Grid and SSE added about 3 each, while water companies United Utilities and Severn Trent climbed about 2.3 each Energy stocks dropped around 1, limiting gains Bank of England policymaker Alan Taylor said it was unclear that it would be practical for the BoE to do a single rate hike to tame inflation without fuelling unwarranted market speculation of further increases Traders are pricing at least one 25basispoint rate hike by the BoE this year, according to data compiled by LSEG... https://www.gurutrade.com/news/ftse-100-up-on-uk-gdp-set-for-worst-month-since-march-1790781938.html Wed, 30 Sep 2026 01:50:52 +0300 https://www.gurutrade.com/news/indian-shares-set-for-weak-october-as-foreigners-short-1790763163.html Foreign investors39; net Nifty indexfutures shorts rise to about 267,000 contracts from 184,000 Brokerages see 22,35022,500 as key Nifty 50 support zone Rebounds may prove temporary, with resistance at 23,30023,400 Nifty, Bank Nifty rollovers indicate bearish bets carried forward Sept 30 Reuters India39;s monthly equity derivatives expiry on Tuesday signalled a riskoff turn, marked by broad unwinding of bullish positions, a fresh buildup of shorts and heavier foreign investor selling as markets grapple with a global bond rout, brokerages said. The benchmark Nifty 50 fell 6.7 during the September derivative series, making it the worst performer among Asian markets. The Bank Nifty declined 5.7, contributing the most to losses in the benchmark. The rollover data point to a cautious market heading into October. Bearish bets were not merely built during September39;s selloff, but also largely carried into the new series, according to three brokerages. IIFL Capital sees scope for a bounce towards 23,300 as the Nifty approaches the 22,500 level. However, it cautioned that a sustained break below 22,400 could open the door to more losses. Nuvama Alternative and Quantitative Research sees the benchmark between support at 22,350 and resistance at 23,400, despite favourable seasonal trends. The September derivative series saw broadbased selling and heavy bearish bets by overseas investors, analysts at Ambit Capital said, as nearly half of stocks for which futures and... https://www.gurutrade.com/news/indian-shares-set-for-weak-october-as-foreigners-short-1790763163.html Wed, 30 Sep 2026 10:10:44 +0300 https://www.gurutrade.com/news/gold-rises-but-strong-fed-hike-bets-keep-it-near-7-week-low-1790691419.html Dollar rises, testing multimonth highs Markets currently see 70 chance of Fed rate hike in October US inflation data due on Wednesday Sept 29 Reuters Gold prices rose 1 on Tuesday but expectations of tighter monetary policy by the Federal Reserve driven by rising concerns of inflation kept bullion near a morethansevenweek low hit in the previous session. Spot gold was up 1.1 at 4,157.39 per ounce as of 930 a.m. ET 1330 GMT. The session low for Tuesday was 4,112.97, just over 2 above the more than seven monthlow of 4,110.55 hit on Monday. US gold futures gained 0.5 to 4,189.60. Today39;s move is just a correction from yesterday39;s losses. I still think there39;s some fairly significant headwinds for gold out there, said Peter Grant, vice president and senior metals strategist at Zaner Metals. Gold fell nearly 4 in the previous session, and was at its lowest level since August 5, pressured by a higher dollar, Treasury yields, energy prices, and inflationary concerns that reinforced rate hike expectations. The heightened expectations for more Fed rate hikes are keeping the dollar up, yields remain elevated. I think the upside might be somewhat limited today and market39;s going to stay focused on the PCE inflation data tomorrow and the jobs data on Friday, Grant said. The dollar rose, testing severalmonth highs, underpinned by volatile oil prices and a recent rapid climb in Treasury yields. A higher dollar makes greenbackpriced bullion more expensive for... https://www.gurutrade.com/news/gold-rises-but-strong-fed-hike-bets-keep-it-near-7-week-low-1790691419.html Tue, 29 Sep 2026 05:10:48 +0300 https://www.gurutrade.com/news/s-african-rand-steady-as-markets-weigh-mixed-economic-data-1790691625.html JOHANNESBURG, Sept 29 Reuters The South African rand was little changed on Tuesday as investors weighed lower oil prices, higher gold prices and domestic economic data for clues about the health of Africa39;s largest economy. At 1300 GMT, the rand traded at 16.4050 against the dollar , little changed from its previous close Oil prices declined as investors focused on signs of recovering crude exports from the Middle East and lingering concerns about supply disruptions, while gold prices, one of South Africa39;s key exports, edged higher The South African Reserve Bank said the country recorded foreign direct investment inflows of 49.8 billion rand 3.04 billion in the second quarter of 2026, up from 20.3 billion rand in the previous quarter Separately, South Africa39;s formal sector employment, excluding agriculture, fell 0.1 quarter on quarter to 10.425 million people in the second quarter of 2026, according to the statistics agency Employment weakness mirrored softer economic activity during the quarter, particularly in manufacturing and trade, Nedbank economists said in a note On the Johannesburg Stock Exchange, the Top40 index was up 0.4 South Africa39;s benchmark 2035 government bond strengthened, with the yield down 8 basis points to 8.835. 1 16.3922 rand Reporting by Sfundo Parakozov and Nilutpal Timsina; Editing by Kirsten Donovan and Tasim Zahid Source Reuters https://www.gurutrade.com/news/s-african-rand-steady-as-markets-weigh-mixed-economic-data-1790691625.html Tue, 29 Sep 2026 04:50:56 +0300 https://www.gurutrade.com/news/sterling-weakens-vs-dollar-firms-vs-euro-ahead-of-speech-1790753145.html LONDON, Sept 29 Reuters The pound fell against the dollar on Tuesday, caught up in the global trend, but strengthened marginally against the euro as traders awaited a speech by British Prime Minister Andy Burnham at his governing Labour Party39;s annual conference. The big picture in currency markets is one of a steadily strengthening dollar, and sterling was not immune. The pound lost 0.2 to 1.3226, close to a threemonth low, as elevated US bond yields and oil prices combined to boost the dollar. But the pound did manage to strengthen against the euro for a third day, with the common currency last down 0.1 at 85.72 pence. Burnham will speak later in the day and offer an honest conversation with Britain to spell out the tradeoffs in tackling some of the nation39;s deepest problems, such as social care and the control of utilities, in his first conference speech as prime minister. The speech may not have a dramatic effect on markets, but finance minister John Healey on Monday managed to elicit a small positive reaction for the pound and helped British government bonds, known as gilts, avoid the worst of the global selling. Societe Generale analyst Kenneth Broux said the pound and gilts had outperformed peers on Monday after Healeys pledge for fiscal responsibility. But it will take more convincing for gilts that the government is serious about stabilising spending. PM Burnham faces a tricky balancing act, Broux added. Also in the background for the pound was Bank... https://www.gurutrade.com/news/sterling-weakens-vs-dollar-firms-vs-euro-ahead-of-speech-1790753145.html Tue, 29 Sep 2026 02:10:50 +0300 https://www.gurutrade.com/news/ftse-100-rises-as-astrazeneca-lifts-healthcare-sector-1790688501.html Sept 29 Reuters London39;s FTSE 100 rose on Tuesday, lifted by pharmaceutical stocks after AstraZeneca agreed to take a 2 billion stake in Summit Therapeutics to advance cancer research. The bluechip FTSE 100 index rose 0.34 to 10,721.48 points by 0925 GMT, while the midcap FTSE 250 climbed 0.24. Pharma sector advanced 1.5. AstraZeneca gained 1.7 to a twomonth high after it said it would invest 2 billion in Summit Therapeutics and collaborate on a series of studies testing their cancer treatments together. Peer GSK also climbed 1.7 Industrial metals rebounded 1.3 after falling more than 1 on Monday, tracking a recovery in copper prices. Miners Glencore and Anglo American added 1.6 and 1.7, respectively Oil prices rose, leading traders to sharply reprice interest rate expectations and keeping global bond yields at multidecade highs Still, the yield on the British benchmark 10year gilt eased on Tuesday after climbing to its highest level since 2007 in the previous session Among other movers, Vesuvius surged 21.7, topping the FTSE 250 after Austriabased RHI Magnesita N.V proposed to buy the metal flow engineering firm in a cashandstock bid British American Tobacco slipped 1.7 after warning its annual growth is likely to come in at the lower end of its forecast range Close Brothers jumped 11.2 after the lender reported annual adjusted operating profit of 120.3 million 159.08 million, ahead of a companycompiled consensus of 111 million... https://www.gurutrade.com/news/ftse-100-rises-as-astrazeneca-lifts-healthcare-sector-1790688501.html Tue, 29 Sep 2026 01:10:48 +0300 https://www.gurutrade.com/news/rupiah-breaches-18-000-dlr-on-rising-yields-oil-1790682564.html Rupiah weakens as far as 18,010 per dollar Indonesia39;s new minimum share price rule sparks selloff Jakarta stocks hit lowest since midJuly Nearly all regional equity benchmarks down Sept 29 Reuters Indonesia39;s rupiah breached 18,000 per US dollar for the first time in nearly two months on Tuesday, as Asian currencies stayed under pressure from rising global bond yields, USIran tensions and higher oil prices. The rupiah hit its lowest level since August 4 at 18,010 per dollar and stayed near the closely watched 18,000 level through the session. The move comes amid broader weakness in regional currencies after the 10year US Treasury yield surged to a 19year high above 5.27 overnight, while the dollar held near a twomonth high and oil prices extended gains. Fakhrul Fulvian, chief economist at Trimegah Sekuritas Indonesia, attributed the rupiah39;s weakness to external factors, particularly the rise in global longterm yields. Higher US yields typically boost the dollar39;s appeal against emergingmarket currencies, as investors seek better returns on US assets, prompting outflows from currencies deemed riskier. Fulvian also pointed to Bank Indonesia39;s aggressive bondbuying as a contributing factor if yields are kept below the level required by private investors, the adjustment can move into the currency instead. Equities in Jakarta fell as much as 2.2 as a new minimum share price rule piled onto external pressures. A new rule from Indonesia39;s stock exchange... https://www.gurutrade.com/news/rupiah-breaches-18-000-dlr-on-rising-yields-oil-1790682564.html Tue, 29 Sep 2026 12:50:50 +0300 https://www.gurutrade.com/news/dollar-climbs-as-oil-us-yields-stay-high-jobs-data-looms-1790681822.html Oil climbs on Iran impasse; US yields hit fresh peaks Inflation, payrolls data loom European currencies under pressure Aussie struggles even after RBA delivered expected hike LONDONHONG KONG, Sept 29 Reuters The dollar rose on Tuesday, set to surpass severalmonth highs against major peers, as volatile oil prices and a rapid climb in Treasury yields lent support, while the Aussie struggled as traders saw a dovish message hidden inside a rate hike. The euro dropped 0.24 to 1.1344, a threemonth low, and a fall past its late June levels would take it to the lowest in well over a year, as the currency struggles in the face of a global energy shock and growing political risk in Europe. But it is by no means unique. The pound fell 0.2 to 1.3228 again in sight of threemonth lows hit last week, while the Swiss franc was also weaker at 0.8335 per dollar, its softest in four months. , Beyond domestic European reasons for weakness that are sending its currencies lower on the dollar, the greenback also is strengthening. Elevated oil prices and a storming economy driving inflation fears have markets pricing in meaningful rate hikes by the Federal Reserve. That in turn has sent Treasury yields higher across the curve, with the twoyear yield, more important than longer dated peers for currencies, at its highest in two years and closing in on the symbolic 5 level. Oil prices crept back up again on Tuesday, with Brent crude futures above 106 a barrel as markets doubted the... https://www.gurutrade.com/news/dollar-climbs-as-oil-us-yields-stay-high-jobs-data-looms-1790681822.html Tue, 29 Sep 2026 12:30:49 +0300 https://www.gurutrade.com/news/euro-s-dollar-resilience-faces-energy-political-risks-1790677021.html Euro slides around 2 in September to just below 1.14 Gas prices top 80 per megawatt hour this month French 10year bond premium over Germany above 110 bps LONDON, Sept 29 Reuters The fortunes of the euro, trading not far off its lowest levels of the year against the dollar, are in the grip of a global energy shock and growing political risk in Europe. The euro was heading towards 1.20 in August, but has fallen around 2 this month to twomonth lows of just below 1.14 . While a US rate rise that has restored the Fed39;s inflationfighting credentials has bolstered the dollar, the euro39;s outlook has also been muddied by politics and a renewed rise in oil prices that could hurt an economy that has held up better than expected. How long can this growth resilience last? Can it really last through the winter? And then we go into the spring, and we might have some messy politics, said Rabobank senior currency strategist Jane Foley. Chancellor Friedrich Merz is reeling from the success of Germany39;s far right in recent state elections, a shock that could force him to water down his promised reform agenda, while French markets are under pressure from worries about high debt and political gridlock ahead of a 2027 presidential election. I am a little bit worried about the euro in that environment, said Foley, adding that her forecast for eurodollar at 1.16 in three months is under review. The premium investors demand to hold French 10year government bonds over tripleA... https://www.gurutrade.com/news/euro-s-dollar-resilience-faces-energy-political-risks-1790677021.html Tue, 29 Sep 2026 10:10:08 +0300 https://www.gurutrade.com/news/uk-shares-mixed-as-miners-yields-offset-homebuilder-rally-1790619727.html Sept 28 Reuters London39;s FTSE 100 inched lower on Monday as weaker metal prices and rising bond yields kept risk appetite in check, while a rally in homebuilders, after the British government announced an incentive scheme for firsttime homebuyers, lifted the FTSE 250. The bluechip FTSE 100 index closed 0.10 lower to 10,684.88 points, while the midcap FTSE 250 climbed 0.31. The precious metals sector declined 4.9, while industrial miners dropped 1.2 on lower gold and copper prices. Gold miners Fresnillo and Endeavour Mining dropped 5.1 and 4.4, respectively, while copper miners Glencore shed 1.7 and Anglo American slid 1.9. Oil prices climbed more than 3 after the US rejected an Iran peace plan, reinforcing inflation fears and higher interest rates worldwide. Reflecting those concerns, the yield on the British 10year government bond rose to its highest since July 2007. Separately, Bank of England Deputy Governor Dave Ramsden said persistently high inflation was having an impact on his thinking about interest rates. Traders are expecting at least one quarterpoint rate hike by the BoE this year, according to data compiled by LSEG. The household goods home construction index surged 10 to a sixmonth high helping limit losses on the FTSE 100, after the government confirmed plans to include a loan programme in next month39;s budget to boost home sales. The UK government39;s new equity loan scheme could be the catalyst the UK... https://www.gurutrade.com/news/uk-shares-mixed-as-miners-yields-offset-homebuilder-rally-1790619727.html Mon, 28 Sep 2026 07:50:23 +0300 https://www.gurutrade.com/news/sterling-rebounds-vs-dollar-euro-on-bets-for-tighter-boe-1790604484.html Bailey, Ramsden flag rising inflation risks from high energy prices Markets price 85 chance of November BoE rate hike Pound still set for 2 fall versus strong dollar in September LONDON, Sept 28 Reuters The pound rebounded from multimonth lows against both the dollar and the euro on Monday as investors priced in tighter monetary policy from the Bank of England as inflation pressures build. Sterling was last up 0.1 against the dollar at 1.3259, rising from a threemonth low of 1.3204 hit last week. It was still on track for a fall of over 2 this month as the dollar has rallied sharply on expectations for tighter policy from the Federal Reserve. Against the euro, the pound was up 0.2 at 85.75 pence after touching its weakest level against the single currency since July 1 on Friday. BOE EXPECTED TO TIGHTEN The BoE has so far refrained from tightening policy while other central banks, including the Fed and the European Central Bank, have responded to energyinduced inflation pressures by raising interest rates. Oil prices rose more than 3 on Monday, while benchmark British natural gas prices rose by a similar amount after US President Donald Trump rejected an Iranian proposal to reopen the Strait of Hormuz and end the war in the Middle East. Rising energy prices and a generally more hawkish outlook from BoE ratesetters have pushed investors to price in tighter policy from next month. BoE Governor Andrew Bailey said on Friday that persistently high energy prices would... https://www.gurutrade.com/news/sterling-rebounds-vs-dollar-euro-on-bets-for-tighter-boe-1790604484.html Mon, 28 Sep 2026 01:30:03 +0300 https://www.gurutrade.com/news/european-shares-rise-as-uk-homebuilder-rally-offsets-drag-1790614911.html Miners down 1.7, track precious metals lower UK housebuilders bright spot after scheme announced Trevi hits sixmonth high as ICOP raises takeover bid Sept 28 Reuters European shares climbed on Monday, supported by a rally in British housebuilders, although gains were capped by a rebound in oil prices and elevated bond yields. The panEuropean STOXX 600 was up 0.48 at 641.73 points by 0829 GMT. Most major regional bourses also traded higher. British housebuilders39; stocks surged after the government said it would confirm a new equity loan programme for firsttime buyers in next month39;s budget, reviving a policy designed at boosting home ownership and supporting home construction. Shares of Persimmon, Barratt Redrow, Taylor Wimpey, Vistry rose between 13.5 and 15. Britain39;s bluechip FTSE 100 was up 0.58. However, broader market gains were restrained by a 3 jump in Brent crude prices after US President Donald Trump rejected an Iranian proposal to reopen the Strait of Hormuz and end the conflict. Shares of European energy companies rose 0.6, although miners slumped 1.7 as precious metals fell on the back of a stronger dollar. Hochschild Mining, Fresnillo and Endeavour Mining were down in the range of 4.8 to 6.3. Bond yields remained elevated. The yield on Germany39;s 10year government bond , the benchmark for the euro zone, was last marginally higher at 3.6303, its highest level since June 2009. Central banks have responded to oildriven inflationary pressures... https://www.gurutrade.com/news/european-shares-rise-as-uk-homebuilder-rally-offsets-drag-1790614911.html Mon, 28 Sep 2026 12:50:28 +0300 https://www.gurutrade.com/news/gold-rises-yet-set-for-weekly-loss-as-fed-rate-bets-build-1790338438.html Spot gold down about 1.7 so far in the week Fed officials see further rate hikes to curb high inflation USIran negotiatiors discuss phased path to end war Sept 25 Reuters Gold prices rose on Friday but was on track for a weekly loss, as rising US Treasury yields and growing expectations of Federal Reserve rate hikes weighed on the metal. Spot gold was up 0.6 to 4,304.71 per ounce by 1043 GMT, but was down about 1.7 so far this week. US gold futures rose 1 to 4,340. US and Iranian negotiators in New York are seeking a deal that would involve Tehran reopening the Strait of Hormuz and Washington lifting its economic blockade of Iran, sources close to the talks said. Gold finds support today as oil prices pull back on renewed hopes for a USIran deal, said Nikos Tzabouras, a senior market analyst at Jefferiesowned Tradu.com. That said, the precious metal is heading for weekly losses, as higher Fed rates and bond yields raise the opportunity cost of holding gold. The Fed raised interest rates by a quarterpoint last week, its first hike in three years, and flagged more hikes follow. Traders are pricing in a 71 chance of an October hike and a 95 chance of an increase in December, according to the CME FedWatch Tool. Although gold is traditionally seen as a hedge against inflation, higher rates dampen demand as investors shift to yieldbearing assets. Gold demand in India picked up modestly this week as lower prices drew in buyers ahead of the festive season. Oil... https://www.gurutrade.com/news/gold-rises-yet-set-for-weekly-loss-as-fed-rate-bets-build-1790338438.html Fri, 25 Sep 2026 02:10:55 +0300 https://www.gurutrade.com/news/uk-shares-set-for-weekly-gains-as-oil-prices-retreat-1790349908.html Sept 25 Reuters The main UK stock benchmarks rose on Friday and were set for weekly gains, as a retreat in crude oil prices helped lift risk appetite, with banks and mining shares leading the day39;s gains. The bluechip FTSE 100 index rose 0.41 to 10,723.98 points by 0952 GMT, while the midcap FTSE 250 climbed 0.71, with both indexes on track for a second consecutive weekly gain. Heavyweight banks climbed 1.4, with HSBC up 1.3, while Lloyds Banking and Standard Chartered each added around 2. Precious metal miners jumped 2.5 as gold and silver prices rose after dropping sharply earlier this week. Industrial metal miners climbed 1.3 as copper prices nudged higher. Miners Glencore climbed 1.9 and Anglo American gained 1.6. Oil prices retreated after two sessions of gains, with investors weighing hopes of a USIran truce against the risk that steppedup Houthi attacks on Saudi Arabia could disrupt supply. Energy giants Shell lost around 1 and BP shed 3. Reuters reported that BP is weighing a potential acquisition of USbased Devon Energy39;s operations in South Texas. Global government bond yields eased a touch after jumping earlier this week. The British benchmark 10year gilt yield inched lower to 5.3682 after hitting a more than oneweek high earlier this week. British consumer confidence unexpectedly struck a more than twoyear high this month as households grew more optimistic about their personal finances, according to a survey on... https://www.gurutrade.com/news/uk-shares-set-for-weekly-gains-as-oil-prices-retreat-1790349908.html Fri, 25 Sep 2026 01:30:34 +0300 https://www.gurutrade.com/news/dollar-slips-set-for-weekly-gain-on-fed-bets-yen-rallies-1790335094.html Dollar slips after rally as oil prices cool Yen bounces from threeweek low on intervention rhetoric US currency strength persists on surging yields, rate hike bets Euro heads for third weekly loss; sterling at threemonth trough HONG KONGLONDON, Sept 25 Reuters The dollar slipped on Friday but was on track for its second consecutive weekly gain on rising rate hike bets, while the yen climbed after Japan said Tokyo and Washington remain committed to the stance behind July39;s joint intervention. The euro rose 0.1 to 1.139 as oil fell slightly , but was on track for a third weekly decline after touching a twomonth low on Thursday. Sterling ticked up 0.1 to 1.324 yet traded near a threemonth low and was set for its worst weekly performance since June. Sterling ticked up 0.1 to 1.324 yet traded near a threemonth low and was set for its worst weekly performance since June. Markets have aggressively repriced the US interest rate trajectory after the Federal Reserve tightened policy last week. Robust economic data, fresh energy supply concerns and a chorus of hawkish Fed speakers have further strengthened that conviction. A bond selloff, which sent longdated US Treasury yields to their highest in more than 20 years, also gave the greenback a leg up. The dollar index , which measures the US currency against a basket of peers, has climbed almost 1 this week to a twomonth high, marking its first backtoback weekly gains since June. However, it slipped 0.2 on Friday to... https://www.gurutrade.com/news/dollar-slips-set-for-weekly-gain-on-fed-bets-yen-rallies-1790335094.html Fri, 25 Sep 2026 12:10:45 +0300 https://www.gurutrade.com/news/sterling-treads-water-at-3-month-low-after-weekly-drop-1790351445.html LONDON, Sept 25 Reuters The pound held steady on Friday at around its lowest in just under three months against the euro and dollar, with the US currency set for a second sharp weekly increase on rising energy prices and rate hike bets. Sterling was little changed at 1.322, after falling to 1.32 on Thursday, its lowest since June 29. Britain39;s currency was on track to fall 1.2 against the dollar in its biggest oneweek fall since May, after declining 1 the previous week. The dollar has rallied this week as traders raised their bets on further rate hikes from the US Federal Reserve. Rising energy prices as conflict in the Middle East disrupts energy flows, as well as strong economic growth, have prompted Fed officials to talk up the chances of more rate increases after the central bank raised borrowing costs last Wednesday. The Bank of England held rates steady last week, in contrast with the Fed and European Central Bank, although it flagged the possible need for increases should the USIsraeli war on Iran drag on. Expectations of higher interest rates tend to push up yields on a country39;s bonds, making them more attractive and raising demand for the currency. The pound eased against the euro to its lowest in three months, with the euro zone39;s currency reaching 86.11 pence . Francesco Pesole, currency strategist at ING, said the pound is likely to struggle in the coming months as it is doubtful the BoE will hike interest rates sharply. It seems unlikely the... https://www.gurutrade.com/news/sterling-treads-water-at-3-month-low-after-weekly-drop-1790351445.html Fri, 25 Sep 2026 11:10:32 +0300 https://www.gurutrade.com/news/japan-s-bond-falling-knife-stalls-repatriation-rush-1790331167.html Speculators swung to net long yen position in early September Big local investors await peak in rates before heading home GPIF allocation change a wildcard that could shift flows faster SINGAPORE, Sept 25 Reuters The tide of Japanese money returning home has begun, but a much larger repatriation of overseas assets is being held back by uncertainty over where Japanese bond yields will peak and how much further the central bank will have to raise interest rates. The Bank of Japan has likely done enough for now to ward off another wave of speculative bets against the currency, with a rate hike last week, pledges to tackle inflation and, reportedly, a rate check in the foreign exchange market. Yet major investors remain reluctant to commit heavily to domestic bonds while yields are still climbing and policymakers offer few clues about how much further rates must rise. Two dovish dissenting votes at last week39;s meeting and a further selloff in bonds this week only reinforced the uncertainty. That caution is slowing capital repatriation, leaving one of the world39;s biggest pools of overseas capital largely parked abroad for now and capping the scope for a sustained yen rally with potentially farreaching effects across global markets. The fastmoney carry trade has already been unwound; the slowmoney one has not started, said Shoki Omori, fixed income strategist at Deutsche Bank in Tokyo. What is left is structural Japanese pensions... and households holding overseas... https://www.gurutrade.com/news/japan-s-bond-falling-knife-stalls-repatriation-rush-1790331167.html Fri, 25 Sep 2026 07:40:30 +0300 https://www.gurutrade.com/news/rupee-hits-1-week-low-as-oil-rally-fans-rate-hike-worries-1790264308.html MUMBAI, Sept 24Reuters The Indian rupee fell to a oneweek low on Thursday as a jump in oil prices and little progress in U.S.Iran talks raised concerns that inflation could prompt further global rate hikes. Dollar sales by staterun banks, likely on behalf of the Reserve Bank of India, limited losses and kept the rupee above 96 per dollar. The currency ended at 95.9550 per dollar, down 0.2 for the day. Earlier in the day, the currency had slipped to 95.96, its lowest level since September 17. The Iran conflict has weighed on emerging market currencies as elevated oil prices fan inflation in energyimporting economies and strain fiscal health. A surge in global bond yields has added to the pressure with U.S. Treasury yields hitting multiyear highs as traders added to wagers on rate hikes by the Federal Reserve. New York Federal Reserve President John Williams said on Thursday it was reasonable to think that the U.S. central bank might need to raise interest rates again before the end of the year to help bring down inflation risks. The dollar index was a tad higher at 101 while Asian currencies weakened between 0.1 to 0.5. Indian equities, meanwhile, endured their worst single day drop since early July. Periods of low FX volatility always end with a bang and current market conditions are certainly consistent with an increased risk of that scenario materialising. High yielders across EM would suffer most while the yen and Swiss franc would outperform, MUFG said in a... https://www.gurutrade.com/news/rupee-hits-1-week-low-as-oil-rally-fans-rate-hike-worries-1790264308.html Thu, 24 Sep 2026 02:10:48 +0300 https://www.gurutrade.com/news/sterling-hits-near-3-month-low-against-the-dollar-1790257435.html Sept 24 Reuters Sterling hit the lowest level in almost three months against the dollar and edged down versus the euro on Thursday, as investors singled out the pound as a key casualty of the dollar repricing sparked by Federal Reserves hawkish shift last week. The British currency is on track for its fourth straight daily fall against the greenback, which is hovering around two monthhighs. Sterling was down 0.10 at 1.3222, its lowest level since July 1. It dropped about 1.25 since Monday while the U.S. dollar index rose around 0.90. The rate outlook remained in focus after Fed Chair Kevin Warsh last week signalled further monetary tightening, defending the US central bank39;s independence despite repeated calls from President Donald Trump for lower borrowing costs. The market is already priced for hikes from a Bank of England that still sounds somewhat unconvinced, Daragh Maher, senior forex strategist at HSBC, said after flagging that HSBC decided to play US dollar upside against the pound. Weak labour demand, ahead of another real income squeeze should energy prices remain elevated, is a further challenge, he added. Growth in British business activity cooled this month and inflation pressure built, a survey showed on Wednesday. BofA said markets may be pricing in too much tightening, as it expects only two rate hikes before the BoE begins cutting rates in 2028. Money markets are pricing in around 100 basis points of BoE rate hikes over the next 12 months,... https://www.gurutrade.com/news/sterling-hits-near-3-month-low-against-the-dollar-1790257435.html Thu, 24 Sep 2026 01:50:14 +0300 https://www.gurutrade.com/news/uk-stocks-fall-as-stalled-us-iran-talks-lift-oil-prices-1790256946.html Sept 24 Reuters London shares fell on Thursday as crude oil prices continued to rise amid little progress towards a USIran deal, fuelling inflation concerns and lifting government bond yields. The bluechip FTSE 100 index fell 0.05 to 10,700.05 points by 1007 GMT, while the midcap FTSE 250 slipped 0.60. Oil prices extended gains after climbing 4 in the previous session as USIran diplomatic talks showed no concrete sign of progress. UK39;s energy giants rose, with BP gaining 1.9 and Shell adding 1.4. Industrial stocks were the biggest drags, with Rolls Royce and BAE Systems down 2 and 1.3 respectively. British banks dipped 1, with heavyweights HSBC and Standard Chartered down over 1 each. Homebuilder Vistry slipped 6.3 after it lowered its annual profit expectations and said it would take a 470 million 622.51 million hit from its strategic overhaul. Raspberry Pi jumped 7.7 after the singleboard computing company reported higher firsthalf revenue and pretax profit. Bond markets were in focus again as UK gilt yields rose in line with global bond yields, with the benchmark 10year gilt yield hitting a more than oneweek high at 5.38. British finance minister John Healey may accept a smaller fiscal buffer to reduce tax rises in next month39;s budget as investors signalled the gilt market would not be spooked by a more modest headroom target, the Financial Times reported. Bank of England Deputy Governor Clare Lombardelli said that interest... https://www.gurutrade.com/news/uk-stocks-fall-as-stalled-us-iran-talks-lift-oil-prices-1790256946.html Thu, 24 Sep 2026 01:20:09 +0300 https://www.gurutrade.com/news/dollar-nears-2-mth-peak-as-investors-pause-geopolitics-eyed-1790242758.html Dollar treads water as markets assess US rate outlook Swiss Franc up, Norwegian crown down after central bank decisions Japanese yen slips to lowest level in three weeks Sept 24 Reuters The dollar steadied near a twomonth high on Thursday after a sharp rally fuelled by expectations of additional Federal Reserve interest rate hikes following strong economic data and a hawkish shift in rhetoric. Meanwhile, the Swiss Franc fell against the euro and the dollar after the Swiss National Bank left rates unchanged, as expected, while reiterating its willingness to be active in the foreign exchange market. Previously it said it had an increased willingness to intervene in the foreign exchange markets to counter excessive franc strength. The Norwegian crown rose after the central bank raised its policy interest rate by 25 basis points to 4.50 on Thursday and said it may hike again. The Swiss Franc dropped 0.32 against the dollar , reversing an earlier rise, and hit 0.828, its lowest level since May 2025. The Norwegian crown was up 0.57 at 9.457 against the dollar. The Swedish currency was flat at 9.9070 versus the dollar. It reached 9.9350, the lowest level since April 2025, before the central bank decision to keep key interest rate unchanged at 1.75, as expected, while flagging stronger growth and the risk that inflation will pick up in the months ahead. US RATE OUTLOOK IN FOCUS Twoyear Treasury yields, highly sensitive to policy rate expectations, hit their highest... https://www.gurutrade.com/news/dollar-nears-2-mth-peak-as-investors-pause-geopolitics-eyed-1790242758.html Thu, 24 Sep 2026 01:10:23 +0300 https://www.gurutrade.com/news/dollar-jumps-to-near-2-month-high-on-fed-outlook-oil-climb-1790183360.html October Fed hike odds rise to about 75 after PMI data, LSEG data shows Dollar index rises 0.54 to 101.09 after touching 101.1, highest since July 29 SP Flash Composite PMI rises to 58.4 from 56 NEW YORK, Sept 23 Reuters The US dollar rose to its highest level in nearly two months on Wednesday as investors priced in a rate hike cycle from the Federal Reserve, while oil prices jumped as comments from Iran cast doubt on progress in peace talks. In the wake of the central bank39;s rate hike last week, comments from several Federal Reserve officials have also flagged the possibility of more rate increases if inflation does not cool. On Wednesday, Federal Reserve Governor Michael Barr said the US central bank took an important step last week to recalibrate shortterm borrowing costs to bring down inflation, and will likely need to deliver further interest rate hikes. It39;s a rate story right now, said Elias Haddad, global head of markets strategy at Brown Brothers Harriman in London. What39;s driving the dollar higher is a follow through from the hawkish Fed hike that we got last week and that39;s just given the dollar some renewed momentum. This week there hasn39;t been much data, or policy relevant data, but what was interesting is the comments from Fed officials, they39;re basically all toeing the same line that more tightening is in the pipeline. The dollar extended gains after SP Global said its flash US Composite PMI Output Index, which tracks the manufacturing... https://www.gurutrade.com/news/dollar-jumps-to-near-2-month-high-on-fed-outlook-oil-climb-1790183360.html Wed, 23 Sep 2026 06:30:44 +0300 https://www.gurutrade.com/news/hungary-bond-bulls-bet-on-euro-as-nbh-cuts-inflation-target-1790182994.html Hungarian bonds outperform Polish, Romanian peers Foreigners snap up Hungarian bonds eyeing euro adoption Central bank reduces CPI target on path to euro Budget deficit reduction a key challenge BUDAPEST, Sept 24 Reuters The Hungarian central bank39;s move to lower its inflation target has sent a fresh signal to investors that the new government in Budapest is sticking to its goal of adopting the euro, boosting appetite for local bonds which have outperformed Polish and Romanian peers. The National Bank of Hungary on Tuesday lowered its inflation target to 2.5 from 3 effective from 2028, which it said should anchor inflation at lower levels and supports meeting the requirements for euro adoption. Hungary39;s benchmark bonds have been the darling of foreign investors in Central and Eastern Europe this year, especially since Peter Magyar39;s centreright government ended nationalist Viktor Orban39;s 16year rule. The 10year bond now trades at a yield of 5.64, below Poland39;s 6.16 and Romania39;s 7.29 as foreigners39; holdings of forintdenominated bonds have surged to their highest levels since 2019. Deutsche Bank said overseas investors poured 13.5 billion into the local bond market in the yeartodate, including 10 billion after Magyar39;s April election victory, representing what it called the largest annual inflow by a wide margin. While dedicated investors are already heavily overweight HUF local bonds 5 out of 5 ... nondedicated investors have yet to... https://www.gurutrade.com/news/hungary-bond-bulls-bet-on-euro-as-nbh-cuts-inflation-target-1790182994.html Wed, 23 Sep 2026 05:50:50 +0300 https://www.gurutrade.com/news/hsbc-raises-stoxx-600-target-on-stronger-earnings-outlook-1790182370.html Sept 23 Reuters HSBC lifted its yearend target for Europe39;s STOXX 600 index for the first time this year on Wednesday, citing stronger earnings growth prospects, improving business sentiment and a healthier economic outlook. The brokerage expects the index to reach 680 points by yearend from its previous forecast of 670, implying about 6.3 upside from current levels, and to reach 760 by the end of next year. HSBC is the latest brokerage to turn more optimistic on European equities, as investors look past geopolitical risks and focus on the region39;s ability to withstand recent economic and energy shocks. Recent data have also eased concerns that geopolitical tensions would significantly derail growth. Londonbased HSBC forecasts European earnings growth of 15.6 in 2026 and 15.4 in 2027. The brokerage said European companies are becoming increasingly domestically focused, with regional revenue exposure rising to its highest level since 2017, somewhat shielding them from currency movements even as overseas sales still account for about half of revenue. A weakness of the euro and other European currencies against the US dollar could provide an additional tailwind for corporate profits, HSBC added. The brokerage upgraded Italy to overweight from neutral, citing lower reliance on Middle Eastern gas imports, while downgrading France to underweight on weaker economic forecasts and deteriorating consensus estimates. HSBC also raised its yearend target for Britain39;s... https://www.gurutrade.com/news/hsbc-raises-stoxx-600-target-on-stronger-earnings-outlook-1790182370.html Wed, 23 Sep 2026 03:50:17 +0300 https://www.gurutrade.com/news/gold-falls-as-hawkish-fed-bets-lift-policy-tightening-1790168925.html Dollar rises to 2month high Trump threatens to annihilate Iran, suggests deal possible soon Traders see 53 chance of Fed rate hike in October Sept 23 Reuters Gold prices fell in rangebound trade on Wednesday, pressured by a stronger dollar and hawkish remarks from US Federal Reserve officials that reinforced expectations of tighter monetary policy. Spot gold fell 0.9 to 4,316.59 per ounce, as of 1027 GMT. US gold futures for December delivery were down 0.5 at 4,353.30. The dollar rose to its strongest level in two months, making greenbackpriced bullion more expensive for holders of other currencies. Gold continues to trade within its established narrow 4,300 to 4,400 range, with Fed comments and their impact on US rates, bond yields and the dollar, together with oilprice movements, providing the main direction for shortterm traders, said Ole Hansen, head of commodity strategy at Saxo Bank. Richmond Fed President Tom Barkin said on Tuesday that rate hikes and the threat of more to come could temper business inflation expectations and cool price increases without actually slowing down economic activity. The Fed last week lifted its benchmark rate by 25 basis points to 3.754 and signalled another increase could come before yearend. Although bullion is often seen as a hedge against inflation, rising interest rates can reduce its attractiveness as investors gravitate toward interestbearing assets. Traders are pricing in a 53 chance of a rate hike in October,... https://www.gurutrade.com/news/gold-falls-as-hawkish-fed-bets-lift-policy-tightening-1790168925.html Wed, 23 Sep 2026 03:10:07 +0300 https://www.gurutrade.com/news/pound-caught-in-three-day-slide-as-dollar-rallies-broadly-1790177397.html LONDON, Sept 22 Reuters The pound fell for a third day on Wednesday, driven lower by the strength of the dollar, which got a lift from investors pricing in a higher chance of a string of US rate rises over the coming months, even as the oil price trades below 100 a barrel. Sterling was around 1.328, down 0.45 on the day, even with oil futures dropping below 99 again, as investors clung on to evidence that supply from the Middle East was slowly improving, while optimism grew over a possible diplomatic breakthrough between the US and Iran. Growth in British business activity cooled this month and inflation pressure built, a survey showed on Wednesday, an awkward backdrop for finance minister John Healey ahead of his first budget in October. The SP Global UK Services Purchasing Managers39; Index PMI fell in September to 51.7 from 52.5 in August, a threemonth low, according to flash or preliminary data. A Reuters poll of economists had pointed to a reading of 52.0. Growth in Britains economy has been remarkably resilient so far this year, though we think that a slowdown is almost inevitable during the remainder of the year energy costs have risen, borrowing costs are up, the jobs market continues to weaken and political uncertainty looks set to rear its ugly head again as we approach budget day next month, Matthew Ryan, head of market strategy at Ebury, said. We expect this to keep sterling under pressure in the nearterm, though we do contend that sterling appears a... https://www.gurutrade.com/news/pound-caught-in-three-day-slide-as-dollar-rallies-broadly-1790177397.html Wed, 23 Sep 2026 02:20:01 +0300 https://www.gurutrade.com/news/uk-s-ftse-100-up-as-banks-gain-oil-prices-steady-1790180267.html Sept 23 Reuters London39;s FTSE 100 inched higher on Wednesday, with heavyweight banks stocks leading gains as focus remained on any developments regarding a Middle East peace deal while crude oil prices were held near a recent low. The bluechip FTSE 100 index rose 0.17 to 10,726.56 points by 0946 GMT, while the midcap FTSE 250 slipped 0.24. US President Donald Trump said talks with Iran in New York had made progress, but then threatened to annihilate the country if a deal was not reached. Oil prices meanwhile held near their lowest in more than two weeks, kept in check by improving Gulf crude supplies and growing hopes for a diplomatic resolution to the USIsraeli war on Iran. UK39;s energy sector however climbed 0.8. Heavyweight banks rebounded after falling over 1 in the last session with HSBC and Standard Chartered adding 0.9 and 1.3 respectively. Pharma stocks were a drag, down 0.9 with FTSE heavyweight AstraZeneca down 1.1. British engineering firm Renishaw rose 3.7 to a more than fiveyear high after reporting betterthanexpected annual adjusted pretax profit. JD Sports slid 3.8 after the Sports and fashion retailer reported a 19.7 drop in firsthalf profit, hurt by weakness in its key North American market, becoming the top loser in the index. Clean energy technology developer Ceres Power gained 1.7 after it posts a 8 growth in halfyear revenue from a year ago. Pollen Street has explored options, including a potential sale, as... https://www.gurutrade.com/news/uk-s-ftse-100-up-as-banks-gain-oil-prices-steady-1790180267.html Wed, 23 Sep 2026 01:30:37 +0300 https://www.gurutrade.com/news/rupee-slips-as-dollar-gets-fed-hike-expectations-tailwind-1790176436.html MUMBAI, Sept. 23Reuters The Indian rupee ended modestly weaker on Wednesday, tracking declines in Asian peers as expectations of further US Federal Reserve rate hikes lifted the dollar. The rupee fell 0.1 to 95.74 per dollar from a close of 95.59 in the previous session. Asian currencies fell 0.1 to 0.3 as investors watched oil prices and Fed rate expectations. The dollar index has risen more than 1 since the Fed raised rates last week as bets on further tightening grew. Interest rate futures markets have baked in about 75 basis points worth of hikes over the next 12 months. The US Federal Reserve has started hiking, and markets are pricing in more hikes. If the RBI does not respond, Indias monetary policy misalignment with tightening global financial conditions would widen, analysts at ANZ said in a note. With rate differentials already compressed, that would leave the INR more exposed to any global riskoff episode. On Wednesday, dollar sales by staterun banks most likely on behalf of the Reserve Bank of India helped limit the currency39;s losses, traders said. The central bank also likely conducted dollarrupee sellbuy swaps to drain excess cash in the banking system. The swaps were concentrated in the January 2027 maturity while a portion was for October 2027 maturity as well, a trader at a Mumbaibased bank said. Oil prices, meanwhile, held below 100 per barrel, kept in check by improving Gulf crude supplies and growing hopes for a diplomatic resolution to... https://www.gurutrade.com/news/rupee-slips-as-dollar-gets-fed-hike-expectations-tailwind-1790176436.html Wed, 23 Sep 2026 01:10:16 +0300 https://www.gurutrade.com/news/singapore-s-link-to-us-stocks-struggles-to-attract-traders-1790176117.html SDRs offer US stocks traded in SGD in Asia hours SpaceX SDR trading is 0.0007 of its US counterpart SINGAPORE, Sept 23 Reuters Singapore39;s effort to offer trading in American stocks during Asia hours has gotten off to a sluggish start as rival products and wary investors keep early volumes extremely low, showing how hard it is for regional bourses to get a slice of demand for aroundtheclock US trade. Singapore Exchange listed its first three US stocks through its Singapore Depository Receipts SDR program in July, with locally denominated shares in Grab , Sea Ltd and SpaceX . Since then, just 2.3 million worth of SpaceX SDRs has changed hands through September 18, a small fraction of the roughly S2 billion 1.6 billion in average daily SGX turnover and some 336.6 billion in SpaceX stock traded on the Nasdaq, according to Reuters calculations. The entirety of trading of SpaceX since its listing in Singapore represents 0.0007 of its total in the US during the same period, Reuters calculated. A total of around 24 million in Grab and Sea SDRs was traded in the period, compared with 26 billion in the US. Singapore39;s SDR program, first launched in 2023, is one of several parts of a broader bid to boost an equities market that has long lagged the city39;s standing as one of Asia39;s most dynamic financial centres. SGX has said the 38 SDR listings, which also include Thai, Indonesian and Hong Kong stocks, offer access to global companies during Asian hours and are not... https://www.gurutrade.com/news/singapore-s-link-to-us-stocks-struggles-to-attract-traders-1790176117.html Wed, 23 Sep 2026 11:50:05 +0300 https://www.gurutrade.com/news/banks-telecoms-weigh-on-ftse-100-focus-on-us-iran-talks-1790105005.html Sept 22 Reuters The UK39;s FTSE 100 edged lower on Tuesday as banks and telecoms stocks retreated, while investors awaited potential USIran talks after signs of improved oil flows in the Strait of Hormuz. The bluechip FTSE 100 index fell 0.29 to 10,708.33 points, while the midcap FTSE 250 climbed 0.14. Investors are cautious ahead of potential USIran talks at the United Nations General Assembly this week after more supplies emerged through the strait over the weekend. Oil prices fell to a twoweek low as prospects for Gulf supplies improved, with Iran signalling it could reopen the Strait of Hormuz within seven days and Saudi Arabia set to resume exports from its Red Sea port. Heavyweight banks fell 1.63 after becoming the biggest gainers in the previous session, with HSBC falling 1.6 and Standard Chartered sliding 2.9. Telecom stocks also slipped 2.45. BT Group led the losses with a 3.8 fall, while Vodafone and Airtel Africa dropped by 2.2 and 1.9 respectively. Defensive consumer stocks offered support to the main index with Diageo gaining 1.5 and Unilever rising 1.2. Among other stocks, home improvement retailer Kingfisher climbed 12.4 after raising its fullyear profit outlook following a 9.9 rise in firsthalf earnings. British engineering firm Smiths Group rose 7.5 after it beat expectations for its fullyear operating profit and launched a process to sell its US asbestos liability. Cell and gene therapy manufacturer Oxford... https://www.gurutrade.com/news/banks-telecoms-weigh-on-ftse-100-focus-on-us-iran-talks-1790105005.html Tue, 22 Sep 2026 07:30:39 +0300 https://www.gurutrade.com/news/rupee-swayed-by-oil-intervention-cues-traders-cautious-1790079516.html MUMBAI, Sept 22 Reuters The Indian rupee swung between modest gains and losses before closing marginally higher on Tuesday, pushed around by volatility in oil prices, while likely central bank intervention supported the unit and swap operations drained excess cash. The rupee rose 0.2 to end at 95.59 per dollar, helped by a 1.5 decline in Brent oil prices to 98.8 per barrel. Traders pointed to media reports stating that Iran had offered to reopen the Strait of Hormuz, a key energy artery, if the US eases military pressure and lifts its blockade. Oil prices were higher earlier in the session, weighing on the rupee even as dollar sales by staterun banks helped limit the currency39;s fall. The twoway moves in the currency prompted traders to keep positions small with tight stoplosses, a senior treasury official at a bank said. Oil will likely dominate the momentum and while a fall past 96 for the rupee seems unlikely, it could spur a fresh round of dollar buying if it occurs, the official added. Sustained Reserve Bank of India action through bond sales and foreign exchange swaps, and its defence of the rupee have helped more than halve the banking system39;s liquidity surplus, which was generated by largerthanexpected inflows of 133 billion through the RBI39;s diaspora deposit scheme. On Tuesday as well, the central bank39;s spot dollar sales occurred alongside likely sellbuy swaps, which traders said were concentrated in the January 2027 maturity. In the nearterm,... https://www.gurutrade.com/news/rupee-swayed-by-oil-intervention-cues-traders-cautious-1790079516.html Tue, 22 Sep 2026 01:30:36 +0300 https://www.gurutrade.com/news/sterling-steady-after-report-says-iran-may-reopen-hormuz-1790075673.html Sept 22 Reuters The British pound traded flat just off a twomonth low against the dollar on Tuesday, as traders weighed a report that said Iran had offered to reopen the Strait of Hormuz within seven days. The disruption of the crucial shipping route has strained global oil supplies and posed a serious challenge for nations such as the UK, which rely on imports. A sustained resumption of oil flows through the channel could ease pressure on the Bank of England to hike rates, which in turn may limit gains in sterling. Sterling was largely unchanged at 1.3366, clawing back after dropping to 1.3327 earlier in the session. Against the euro, it was down 0.06 at 85.76 pence . After rallying on an orderly political transition to Prime Minister Andy Burnham39;s government, sterling has weakened on fears that investors are expecting too many rate hikes by the BoE. The bar to outhawk broader market pricing appears to us to be particularly high, Goldman Sachs analysts wrote in a note. The central bank held rates steady at its last meeting, but traders still expect at least one increase this year, according to data compiled by LSEG. The BoE stands alone among major central banks in holding while inflation accelerates, a divergence that leaves sterling carrying catchup risk, strategists at Gramercy wrote. Brent crude futures slipped below 100 and were on track for the fifth consecutive day of declines after Kyodo News reported that Tehran had offered to reopen the Strait of... https://www.gurutrade.com/news/sterling-steady-after-report-says-iran-may-reopen-hormuz-1790075673.html Tue, 22 Sep 2026 01:10:19 +0300 https://www.gurutrade.com/news/gold-slips-as-oil-gains-and-fed-officials-signal-rate-hikes-1790071335.html More rate hikes likely needed to quell inflation, says Fed39;s Musalem Oil prices gain for the first time in five sessions USIran talks in focus as UN General Assembly gathers Sept 22 Reuters Gold prices fell on Tuesday as a slight rise in oil prices and hawkish signals from Federal Reserve policymakers reinforced market expectations interest rates will stay higher for longer. Spot gold was down 1.1 at 4,295.62 per ounce by 0832 GMT. US gold futures fell 1.2 to 4,332. Treasury yields and oil prices have ticked up overnight, putting pressure on nonyielding assets like gold, said Jamie Dutta, a market analyst at trading platform Nemo.money. Tighter monetary policy is a headwind for gold, which means more than one Fed rate hike by year end will likely hurt the precious metal. The Fed raised its policy rate by 25 basis points last week and Chairman Kevin Warsh flagged more hikes in the coming months. Fed policymakers such as St. Louis Fed President Alberto Musalem and Chicago Fed President Austan Goolsbee continued to signal the need for further rate hikes to lower inflation stemming from strong demand and rising energy prices. Traders see a 92 chance of a rate hike in December, compared to 80 last week, according to the CME FedWatch Tool. Bullion is traditionally viewed as a hedge against inflation and geopolitical risks, but its appeal tends to wane in a highinterestrate environment as investors favour yieldbearing assets. As tensions remained high in the... https://www.gurutrade.com/news/gold-slips-as-oil-gains-and-fed-officials-signal-rate-hikes-1790071335.html Tue, 22 Sep 2026 12:10:19 +0300 https://www.gurutrade.com/news/gold-falls-on-rising-odds-of-fed-rate-hike-stronger-dollar-1790011565.html Traders see 88 chance of Dec rate hike, FedWatch Tool shows Bullion around 17 lower than February 27 session high Inflation too high across all sectors of US economy, Kashkari says Sept 21 Reuters Gold prices fell on Monday as expectations of further policy tightening by the US Federal Reserve this year and hawkish signals from other major central banks strengthened the dollar. Spot gold was down 0.6 at 4,350.39 per ounce by 1140 a.m. ET 1540 GMT, after falling more than 1 to a session low of 4,322.19 earlier. US gold futures were down 0.8 at 4,388.40. The dollar edged higher against six major peers, extending gains after the Fed39;s rate hike drove it up more than 1 last week. A stronger greenback makes bullion more expensive for holders of other currencies. We are seeing some lingering concerns among the bulls about tighter US monetary policy, which has pushed the US dollar index to a more than twomonth high on Friday. Those bearish elements are working against the precious metals, said Jim Wyckoff, a market analyst at American Gold Exchange. Traders are pricing in an 88 chance of a US rate hike in December, according to the CME FedWatch Tool. FEDWATCH Bullion is traditionally considered an inflation hedge, but loses its appeal to yieldbearing assets in a high interest rate environment. The USIsraeli war with Iran has pushed up energy prices, raising inflation concerns and reinforcing restrictive policy stances by central banks, leaving gold down 17 from its... https://www.gurutrade.com/news/gold-falls-on-rising-odds-of-fed-rate-hike-stronger-dollar-1790011565.html Mon, 21 Sep 2026 06:30:01 +0300 https://www.gurutrade.com/news/uk-indexes-climb-as-banks-lead-ggains-oil-prices-retreat-1789989271.html Sept 21 Reuters London shares climbed on Monday, with bank stocks leading gains, as risk appetite worldwide got a lift after oil prices retreated on hopes of diplomatic progress in the Middle East. The bluechip FTSE 100 index rose 0.73 to 10,737.66 points by 0932 GMT after declining almost 1.5 in the last session. The midcap FTSE 250 climbed 0.69. Heavyweight banks were among the top gainers, with HSBC climbing 1.6, Barclays rising 2.3 and Standard Chartered gaining 2.1. Industrial miners rose 1.8 as copper prices edged up over optimism regarding resilient Chinese demand. Antofagasta and Anglo American jumped about 3.4. Oil prices slid to their lowest in more than a week over hopes for diplomatic progress on the USIran war due to this week39;s UN meeting. Oil majors BP and Shell dipped near 1 each. Falling crude prices also boosted travelrelated companies, with airline operator IAG rising more than 1. Homebuilder Barratt Redrow slipped 2.1 after brokerage Peel Hunt downgraded the stock to hold from add. Healthcare investment firm Syncona leaped 5.7 after its portfolio company Beacon Therapeutics39; Phase IIIII VISTA trial met US FDAendorsed primary endpoint for gene therapy laruzova. Craneware plummeted 23 after the healthcare financial software firm cut its fullyear revenue outlook. Investor focus would be on this week39;s meeting between US President Donald Trump and Chinese President XI Jinping, seeking clues on trade relations... https://www.gurutrade.com/news/uk-indexes-climb-as-banks-lead-ggains-oil-prices-retreat-1789989271.html Mon, 21 Sep 2026 01:10:25 +0300 https://www.gurutrade.com/news/yen-steadies-as-intervention-threat-persists-1789975618.html BOJ39;s dovish hike last week weighs on the yen Reports of rate checks put traders on intervention watch Dollar holds on to gains after Fed39;s hawkish tilt last week SINGAPORE, Sept 21 Reuters The Japanese yen steadied on Monday following a sharp drop last week that stirred intervention jitters, while investors pondered the global interestrate outlook after a wave of hikes and hawkish signals from major central banks this month. The yen was at 156.85 per US dollar after declining 2 last week. Japanese markets were closed for a threeday holiday, leading to low liquidity while keeping traders on alert for an official intervention. The Bank of Japan raised rates on Friday to their highest level in 31 years to 1.25, yet the widely expected move did not boost the yen as two dissenting votes and a lack of explicitly hawkish guidance disappointed investors. That drove yen sharply down before the Nikkei newspaper reported that Japanese officials conducted rate checks, often seen as a precursor to currency intervention. Apart from the BOJ, the Federal Reserve and the European Central Bank raised rates this month, with both warning further tightening might be needed to tackle inflation due to the almost sevenmonthlong war in the Middle East. Fred Neumann, chief Asia economist at HSBC, said the BOJ39;s messaging has become all the harder because the Fed delivered a hawkish signal with its unanimous decision to raise its policy rate. The bar thus remains high for the BOJ... https://www.gurutrade.com/news/yen-steadies-as-intervention-threat-persists-1789975618.html Mon, 21 Sep 2026 09:30:18 +0300 https://www.gurutrade.com/news/indian-shares-inch-higher-after-recent-slide-1789983059.html Sept 21 Reuters Indian shares edged higher on Monday, aided by bargainbuying following recent losses, while elevated crude prices and heightened primary market activity limited the gains. Iran and the U.S. exchanged new threats, with President Donald Trump warning Iran would fail economically or face its leadership being wiped out if it didn39;t make a deal, and the Iranian military saying it would retaliate harshly. India39;s Nifty 50 rose 0.13 to 23,376.70 and the BSE Sensex added 0.50 to 74,665.35, as of 1019 a.m. IST. The indexes have fallen for six straight weeks, their longest losing streak in six years. While bargain buying and shortcovering may follow the past six weeks39; slide, domestic market sentiment remains cautious to neutral, said Saurabh Jain, deputy vice president of equities at SMC Global. Investor focus is on the National Stock Exchange of India39;s 2.3 billion IPO, which closes on Monday after being fully subscribed on Friday. Thirteen of the 16 major sectors advanced. The broader smallcaps and midcaps were muted. Brent crude futures eased 2.1 to 101.7 per barrel on hopes of a recovery in shipments from Saudi Arabia. HDFC Bank and ICICI Bank rose about 0.6 each, while Reliance Industries gained 1.1. All three carry large weights on the benchmarks. Among stocks, refrigerant gas maker Refex Industries advanced 4 after securing an order worth 16.7 million. Welspun Corp gained 5 after its unit East Pipes Integrated Company won an order from... https://www.gurutrade.com/news/indian-shares-inch-higher-after-recent-slide-1789983059.html Mon, 21 Sep 2026 08:30:15 +0300 https://www.gurutrade.com/news/rupee-eyes-flows-oil-bonds-face-liquidity-drain-1789985820.html MUMBAI, Sept 21 Reuters The Indian rupee is expected to trade in a narrow range this week, supported by portfolio inflows and central bank intervention, though strong importer hedging and elevated oil prices amid Middle East conflict may cap gains. Bond yields may edge higher as investors focus on the Reserve Bank of India39;s liquidity withdrawal. The rupee closed at 95.8725 per dollar on Friday, down 0.3 for the week. Investors will closely watch developments in the Middle East and their impact on oil prices and global inflation. Higher oil prices widen India39;s import bill and weigh on the rupee, while equityrelated inflows may offer limited support amid steady importer dollar demand, traders said. Traders expect the rupee to trade between 95.30 and 96.00 this week. There is decent riskreward to initiating shorts on USDINR near 96, a trader at a staterun lender said. Meanwhile, remarks from Federal Reserve policymakers will be in focus after the U.S. central bank delivered its first hike in three years last week. Signs of further tightening later could boost the dollar. We now expect the FOMC to deliver a second 25bp hike in October, a change from our previous expectation that September would be the only hike, Goldman Sachs analysts said in a note. BONDS Indian government bonds are likely to face further selling pressure towards the end of the fiscal first half as bets on an RBI rate hike grow and the central bank continues to drain surplus liquidity.... https://www.gurutrade.com/news/rupee-eyes-flows-oil-bonds-face-liquidity-drain-1789985820.html Mon, 21 Sep 2026 07:40:22 +0300 https://www.gurutrade.com/news/yuan-hits-multi-year-high-as-pboc-eases-curb-before-summit-1789981335.html HONG KONG, Sept 21 Reuters China39;s yuan strengthened to more than a 312year high against the US dollar on Monday as the central bank softened its curb on currency appreciation ahead of the meeting this week between the leaders of China and the US. US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng concluded talks in New York on Sunday, laying the groundwork for President Donald Trump and Chinese President Xi Jinping to consider at their summit on Thursday. The two sides are expected to discuss AI, trade relations, supply chains and Middle East tensions, among other issues, although analysts expect no major policy breakthrough. The yuan strengthened to a high of 6.6957 per dollar in early trade, the strongest level since January 16, 2023. The offshore yuan traded at 6.6946 yuan per dollar , up about 0.03 in Asian trade. Prior to the market open, the People39;s Bank of China set the midpoint rate at 6.7487 per dollar, the strongest since Feb 3, 2023, but 536 pips weaker than a Reuters estimate. The spot yuan is allowed to trade 2 either side of the fixed midpoint each day. For nearly a year, the central bank has set its daily official yuan guidance at levels weaker than market expectations, a move traders and analysts have interpreted as an attempt to slow the currency39;s appreciation. However, the official midpoint has strengthened at a faster pace this month, narrowing its gap with market expectations after it hit its widest level since... https://www.gurutrade.com/news/yuan-hits-multi-year-high-as-pboc-eases-curb-before-summit-1789981335.html Mon, 21 Sep 2026 07:30:47 +0300 https://www.gurutrade.com/news/gold-extends-gains-to-scale-1-week-high-as-crude-prices-ease-1789730162.html All precious metals head for weekly gain Oil falls for third straight session Bank of Japan lifts rates to 31year high Goldman Sachs maintains end2027 gold forecast of 5,400oz Sept 18 Reuters Gold rose for a second straight session on Friday to hit a oneweek high, as oil prices fell, while investors kept a close watch on developments in the Middle East. Spot gold was up 0.9 at 4,378.19 per ounce by 0829 GMT. US gold futures rose 0.4 to 4,418.20. Oil prices fell for a third straight session, as easing concerns over Saudi supply disruptions outweighed anxiety about a widening Middle East conflict. The precious metal appears to have taken the Fed39;s hawkish signals in stride, instead finding immediate relief from falling oil prices amid hopes that the Fed39;s hiking cycle will prove shallow, said Han Tan, chief market analyst at Bybit. Although gold is traditionally viewed as a hedge against inflation, higher rates can curb its demand by increasing the appeal of yieldbearing assets. The US Federal Reserve raised interest rates on Wednesday and flagged more hikes in the coming months. Goldman Sachs said in a note that it expects the impact of tighter monetary policy to be felt primarily through a slower nearterm appreciation path rather than a lower terminal gold price. Meanwhile, the Bank of Japan raised interest rates to a 31year high and signalled its readiness to keep pushing up borrowing costs, joining other major central banks in fighting persistent... https://www.gurutrade.com/news/gold-extends-gains-to-scale-1-week-high-as-crude-prices-ease-1789730162.html Fri, 18 Sep 2026 01:50:38 +0300 https://www.gurutrade.com/news/ftse-100-drops-as-banks-energy-weigh-eyes-weekly-rise-1789729514.html Sept 18 Reuters London39;s FTSE 100 pulled back from an over oneweek high on Friday, dragged by banks and energy stocks, but was set for gains in a week packed with economic data and central bank decisions. The bluechip FTSE 100 index fell 0.6 to 10,751.57 points by 0953 GMT, poised for its biggest weekly jump since late July. The midcap FTSE 250 was flat, but was on track for its sharpest weekly rise since early August. On Friday, financial stocks were the biggest drags on the index. Banks lost 0.7, with Lloyds and HSBC falling 1.2 and 0.6 respectively. Energy companies were down 0.8, as oil prices fell for a third straight session on easing concerns over Saudi supply disruptions. Telecom stocks were the biggest percentage decliners with a 4.3 tumble. Airtel Africa lost 8.8 after a report said its Airtel Money was considering downsizing its London IPO. On the flip side, precious metal miners rose 1.6, as gold prices extended their rally. Data showed British consumers unexpectedly increased their shopping in August, although they cut fuel purchases after prices jumped. The report comes a day after the Bank of England held interest rates steady but warned that policymakers might have to go up if the Iran war drags on. Brokerages changed their rate calls following the decision, with Barclays joining J.P.Morgan in expecting a hike in November. The central bank on Thursday also paused UK government bond sales for six months and halted... https://www.gurutrade.com/news/ftse-100-drops-as-banks-energy-weigh-eyes-weekly-rise-1789729514.html Fri, 18 Sep 2026 01:20:56 +0300