Market Update

At its monetary policy meeting held on October 29th, the Governing Council of the European Central Bank (ECB) decided to leave the interest rates on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively, as …

Inflation in Germany, as measured by the Consumer Price Index (CPI), was 0.1% (preliminary) in October, the data published by Destatis showed on Thursday. This reading followed September’s print of -0.2% and came in higher than the market expectation of 0%. On a yearly basis, the CPI stayed unchanged at …

On Thursday, the Bank of Japan trimmed its forecast for the economy and prices in the current fiscal year, but revealed a more optimistic view about the chances of recovery, indicating that the stimulus measures it took are sufficient so far. The central bank warned that the outlook is shrouded …

The Consumer Confidence for the euro area and the EU both declined by 1.6 points in October and arrived at -15.5 and -16.5, respectively, the data published by the European Commission showed on Thursday. Further details of the publication revealed that the Industrial Confidence for the euro area improved modestly …

Oil prices continue their losses after losing 5% in the previous session, with governments re-imposing restrictions to contain the second wave of cases with the Coronavirus, and amid indications of a growing global supply glut. By 0743 GMT, US West Texas Intermediate crude futures were down 8 cents, equivalent to …

Japanese stocks fell to their lowest levels in a month today, Thursday, under the weight of fears about new closures to combat the Coronavirus in Europe, but the optimistic expectations of companies during the results season limited the losses. The benchmark Nikkei index closed 0.37% at 23,331.94 points. The Nikkei …

The People’s Bank of China (PBOC) has set the yuan reference rate at 6.7260 versus Wednesday’s fix at .

FX option expiries for Oct 29 NY cut at 10:00 Eastern Time, via DTCC, can be found below. EUR/USD: EUR amounts 1.1700 785m1.1720 718m1.1750 869m1.1770 545m USD/JPY: USD amounts 103.60 1.0bn104.00 1.8bn104.50 385m104.75 523m105.16 424m105.25 1.3bn USD/CAD: USD amounts 1.3325 530m EUR/GBP: EUR amounts 0.9000 484m0.9050 920m0.9110 697m

Oil prices declined on Wednesday and finished at their lowest level since June, after data showed an increase in crude inventories in the United States. Data by the US Energy Information Administration (EIA) showed earlier today that crude oil stockpiles in the United States grew by 4.3 million barrels last …

The US Dollar (USD) rose across the board on Wednesday, supported by an increased demand, amid a surge in new COVID-19 cases in many countries. The Dollar Index (DXY), which measures the USD performance against a basket of six major currencies, is up by 0.55% for the day at 93.45. …