Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto The rupee depreciated 21 paise to 94.97 against the U.S. dollar in early trade on Monday (November 2, 2026) pressured by the broad strength of the American currency in the overseas market. Forex traders said a positive domestic market and softening of crude oil…
China’s private manufacturing sector sustained solid expansion in October, with RatingDog PMI Manufacturing edging down from 52.1 to 52.0, extending its run above the 50 threshold to 11 consecutive months, the longest since mid-2021. Manufacturing output expanded at its fastest pace since April, supported by another solid increase in new orders. Total new business grew…
The South African rand continues to trade near R16.50 against the U.S. dollar despite renewed pressure from weaker gold and platinum prices, accelerating producer inflation and elevated oil prices, while U.S. economic data and developments in the Middle East could determine its next direction. Written by: Skerdian Meta • Monday, November 2, 2026 • 4…
Elliott Investment Management tops the list of funds with the biggest UK short positions, at £1,871m across two positions, according to Research Tree. On Research Tree’s UK short interest tracker, viewed on Sunday 1 November, the top ten are drawn from 98 entries. The ten largest aggregate UK short positions by holder, £m. Source: Research…
Gold fell sharply on Friday to eventually clearly break psychological $4000 support (after a number of failures in this zone) hitting the lowest since early October 2025, following violation of next round-figure support at $3900. Persistently high oil prices continue to fuel inflation concerns that prompted most of major central banks to take more hawkish…
The Bank of Canada followed through on a well-telegraphed interest rate hike this week, but left the potential for additional increases contingent on the evolution of growth and inflation data. The details of Thursday’s federal budget will be watched closely for growth measures—see our preview of what to expect. But so will October’s labour market…
By Christopher Lewis Christopher L. Created on November 01, 2026 USD/MXN The U.S. dollar rallied against the Mexican peso during the majority of the week, although it did initially dip a bit. The MXN 18.50 level is now offering support, with the 200-week EMA sitting there. The MXN 19 level above is a large, round,…
EUR/AUD’s down trend continued to 1.5774 last week but recovered since then. Initial bias remains neutral this week for consolidations first. Further decline is expected as long as 1.6078 support turned resistance holds. Next target is 1.5359 projection level. In the bigger picture, down trend from 1.8554 (2025 high) is in progress. Next target is…
A clean breakout above $55 would open paths back toward intermediate targets outlined by major desk forecasts ($60+). Written by: Olumide Adesina • Sunday, November 1, 2026 • 1 min read • Last updated: Sunday, November 1, 2026 Add an article to your Reading List Register now to be able to add articles to your…
KUALA LUMPUR: The ringgit is expected to trade within a narrow range against the US dollar next week as investors turn their attention to Bank Negara Malaysia’s (BNM) Overnight Policy Rate (OPR) decision on Nov 5. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said a potential OPR hike next week could provide support…