The story of the year has been the drop in oil prices and its impact on global markets. John O’Donnell joins Merlin in studio to talk about how the dollar has impacted these commodities and the impact they will have on domestic markets, but global markets as well.
Editors’ Picks
EUR/USD hangs close to 1.1650 ahead of US jobs data
EUR/USD stays better bid near 1.1650 in the European session on Tuesday. The prospect of a US interest rate cut on Wednesday keeps the US Dollar under check, underpinning the pair. In the meantime, traders look to the US ADP Employment Change four-week average and Jolts Job Openings reports for September and October.
GBP/USD stays sub-1.3350, awaits US employment data
GBP/USD maintains its directionless price move and trades below 1.3350 in European hours on Tuesday. The pair capitalizes on renewed US Dollar weakness and a mildly optimistic mood ahead of US employment data.
USD/JPY remains capped by 156.00 amid renewed USD selling
USD/JPY is consolidating its uptick to near 156.00 in the Asian session on Tuesday. The US Dollar faces renewed selling pressure amid a cautious mood and dovish Fed expectations. Meanwhile, traders assess the potential impact of a strong earthquake in Japan. The immediate focus now is on BoJ Governor Ueda's speech.
Editors’ Picks
EUR/USD hangs close to 1.1650 ahead of US jobs data
EUR/USD stays better bid near 1.1650 in the European session on Tuesday. The prospect of a US interest rate cut on Wednesday keeps the US Dollar under check, underpinning the pair. In the meantime, traders look to the US ADP Employment Change four-week average and Jolts Job Openings reports for September and October.
GBP/USD stays sub-1.3350, awaits US employment data
GBP/USD maintains its directionless price move and trades below 1.3350 in European hours on Tuesday. The pair capitalizes on renewed US Dollar weakness and a mildly optimistic mood ahead of US employment data.
Gold bounces back above $4,200, braces for US data
Gold reverses an intraday dip to the $4,170 area, or a one-week low, recovering ground above the $4,200 level in the European session on Tuesday. Traders now look forward to Tuesday's US economic docket – featuring the release of the ADP Weekly Employment Change and JOLTS Job Openings.
JOLTS Job Openings to provide fresh labor-market signals ahead of Fed decision
The Job Openings and Labor Turnover Survey (JOLTS) will be released on Tuesday by the US Bureau of Labor Statistics. Market participants anticipate that Job Openings reached 7.2 million in October.
Global economic outlook 2026: Financial system risk, trade, public debt
The global and European economies have been resilient in recent years even accounting for the modest global slowdown of 2025. But risks for the recovery are rising, underscoring a negative medium-run global macro and credit outlook.
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