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Euro: ECB minutes signal limited need for further tightening - Danske Bank
Danske Bank strategist view the September European Central Bank (ECB) minutes as dovish relative to market pricing, arguing that they do not support the three additional rate hikes currently priced in.
Hungarian Forint: IMF urges reforms before euro timetable – Commerzbank
Commerzbank’s Tatha Ghose reviews the IMF’s Article IV assessment on Hungary, stressing that euro adoption cannot substitute for structural and fiscal reforms.
Breaking: Canada Unemployment Rate rises to 6.5% in September as expected
The Unemployment Rate in Canada edged higher to 6.5% in September from 6.4% in August, Statistics Canada reported on Friday. This reading came in line with analysts' estimate.
Japanese Yen: NISA-driven outflows weigh on currency – MUFG
MUFG’s Derek Halpenny analyses September Ministry of Finance (MoF) securities data, noting strong foreign purchases of Japanese bonds after the Bank of Japan (BoJ) rate hike, suggesting improved JGB confidence.
NZD/USD Price Forecast: Bullish momentum improves but 0.5630 keeps holding bulls
The New Zealand Dollar (NZD) picks up against the US Dollar (USD) on Friday, as some easing in the global bonds’ rout has allowed for a modest recovery of risk appetite during the Asian session.
British Pound extends intraday gains above 209.50 as fiscal woes weigh on Yen
The GBP/JPY cross extends its recovery move from the weekly low, around the 208.20-208.15 region touched the previous day, and gains strong follow-through traction on Friday.
CEE FX: Zloty faces downside pressure and Leu awaits political clarity - ING
ING strategist Frantisek Taborsky expects the NBP to delay rate hikes until early 2027, with government fuel-price measures allowing policymakers to remain patient. He sees the EUR/PLN trading range shifting higher to 4.380–4.400 amid a strong US Dollar, rising energy prices and risk aversion.
Italy Industrial Output s.a. (MoM) came in at -1.3% below forecasts (0%) in August
Italy Industrial Output s.a. (MoM) came in at -1.3% below forecasts (0%) in August
Italy Industrial Output w.d.a (YoY) remains unchanged at 0% in August
Italy Industrial Output w.d.a (YoY) remains unchanged at 0% in August
Australian Dollar: Neutral tone within tight band against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann describe AUD/USD as largely unchanged around 0.6960, with intraday price action confined to narrow ranges. The Australian Dollar is expected to trade between 0.6945 and 0.6985 near term, while the 1–3 week outlook remains neutral inside 0.6935–0.7020, even as longer-term bearish signals highlight downside risks toward prior lows.
USD/JPY Price Forecast: Wavering around 158.00 with 200-day SMA holding bullsÂ
The US Dollar (USD) ticks up against the Japanese Yen (JPY) on Friday but remains trapped in a tight range, with downside attempts contained above the 157.50 area and the 200-day SMA at 158.54, which holds bulls for now.
Equities: AI concerns pressure stocks as futures rise – Deutsche Bank
Deutsche Bank strategists report that the S&P 500 fell for a second day, dragged by the Magnificent 7 and chip stocks after an FT story suggested OpenAI’s annualised revenue is nearer $50bn than $70bn.
Turkey Industrial Production (YoY) came in at -1.9% below forecasts (0%) in August
Turkey Industrial Production (YoY) came in at -1.9% below forecasts (0%) in August