News

United States Consumer Credit Change registered at $0.36B, below expectations ($13.5B) in August

Source  Fxstreet1759863664
Donald Trump: We will have tariffs with Canada, and Canadians will love us

US President Donald Trump addressed multiple topics on Tuesday, weaving his way through them in his typical proclamatory fashion, speaking to reporters from the White House.

Source  Fxstreet1759859056

United States 3-Year Note Auction: 3.576% vs 3.485%

Source  Fxstreet1759856664
Fed's Kashkari grows bullish on labor

Federal Reserve (Fed) Bank of Minneapolis President Neel Kashkari struck a more reserved tone than some of his Fed counterparts on Tuesday, cautioning that it's still too soon to be able to tell if tariff-led inflation will be "sticky" or not.

Source  Fxstreet1759852716
Fed's Miran insists neutral rate is far below current rates

Federal Reserve (Fed) Board of Governors member Stephen Miran made another long-winded appearance on Tuesday, reiterating that he believes any underlying inflation pressures within the US economy are entirely contained within migrant population effects, and will be solved mainly by immigration contr

Source  Fxstreet1759852347

New Zealand GDT Price Index down to -1.6% from previous -0.8%

Source  Fxstreet1759850259

Turkey Treasury Cash Balance fell from previous 84.22B to -359.887B in September

Source  Fxstreet1759847479

United States RealClearMarkets/TIPP Economic Optimism (MoM) below expectations (49.3) in October: Actual (48.3)

Source  Fxstreet1759846668

Canada Ivey Purchasing Managers Index s.a above expectations (51.2) in September: Actual (59.8)

Source  Fxstreet1759845634
US stocks open higher despite concerns over the US government shutdown

US stocks move higher at the start of Tuesday’s US session on Wall Street, with the S&P 500 up 0.1%, the Dow Jones Industrial Average (DJIA) gaining 0.3%, and the Nasdaq 100 adding 0.2%.

Source  Fxstreet1759845256

United States Redbook Index (YoY) declined to 5.8% in October 3 from previous 5.9%

Source  Fxstreet1759843101

Canada International Merchandise Trade registered at $-6.32B, below expectations ($-5.55B) in August

Source  Fxstreet1759840234

Canada Exports dipped from previous $61.86B to $60.58B in August

Source  Fxstreet1759840234

Canada Imports climbed from previous $66.79B to $66.91B in August

Source  Fxstreet1759840204
Parallels to last year’s Copper price surge – Commerzbank

The Copper price has reached levels close to $10,800 per ton, the highest since May of last year, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.

Source  Fxstreet1759838675
Drop in temperatures pushes gas prices higher – Commerzbank

The European benchmark price for gas (TTF) jumped at the start of the week, trading at nearly EUR 33 per MWh, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.

Source  Fxstreet1759837884
Oil: A small step for OPEC – Commerzbank

The eight OPEC+ members that had recently voluntarily reduced their production decided over the weekend, as expected, to further scale back their production restrictions, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.

Source  Fxstreet1759837535
Palladium to reach $1,350 by the end of 2026 – Commerzbank

Palladium has also seen a considerable price increase of 44% since the beginning of the year – just yesterday, the price jumped up again. However, it is still lagging behind the other three major precious metals, Commerzbank's commodity analyst Barbara Lambrecht notes.

Source  Fxstreet1759837232
RBA is on track to ease more cautiously than the Fed – BBH

AUD/USD dropped back to the lower end of its 0.6580-0.6630 range which has been in place since September 30, BBH FX analysts report.

Source  Fxstreet1759837011
USD/CNH: Expected to trade in a range between 7.1340 and 7.1480 – UOB Group

US Dollar (USD) is expected to trade in a range between 7.1340 and 7.1480. In the longer run, upward momentum is starting to build; for a continued advance, USD must first break clearly above 7.1480, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Source  Fxstreet1759830851

Singapore Foreign Reserves (MoM) up to 393.1B in September from previous 391.3B

Source  Fxstreet1759827626
EUR: French politics is weighing – ING

The latest reports suggest President Macron has given the outgoing Prime Minister Sebastien Lecornu until Wednesday evening to try and work with a fractured parliament to find a new prime minister.

Source  Fxstreet1759827445

Spain 12-Month Letras Auction up to 2.006% from previous 1.986%

Source  Fxstreet1759827225

Spain 6-Month Letras Auction fell from previous 1.958% to 1.937%

Source  Fxstreet1759827215

China Foreign Exchange Reserves (MoM): $3.3387T (September) vs $3.322T

Source  Fxstreet1759824014

Switzerland Foreign Currency Reserves climbed from previous 715B to 726B in September

Source  Fxstreet1759820508

Austria Wholesale Prices n.s.a (MoM) climbed from previous -0.6% to 0.3% in September

Source  Fxstreet1759820450

Austria Wholesale Prices n.s.a (YoY): 1.2% (September) vs 0.2%

Source  Fxstreet1759820421

France Current Account rose from previous €-2.5B to €1.5B in August

Source  Fxstreet1759819532

France Exports, EUR down to €51.8B in August from previous €52.12B

Source  Fxstreet1759819509
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