New Overnight Developments Abroad - Daily Update

A Trump Promise, Restored Confidence in AI, and Some Worrisome September Price Data

October 9, 2026

The Trump torrent of attention-getting comments has left a lot of disinformation in its wake particularly regarding the war in Iran. Nevertheless, his promise the other day not to attack Iran again before the U.S. midterm elections is carrying a lot a reassuring weight with investors, who also for the time being are disregarding recent […] Read Article

Foreign Exchange Insights and Next Week

Next Week’s Menu: October 10 – 16, 2026

October 9, 2026

Central Banks: The Federal Reserve Beige Book of regional economic conditions gets published on Wednesday. A meeting of Group of Twenty central bank chiefs is planned in Bangkok, Thailand. Breeden, Pill, Mann and Bailey of the Bank of England, Koeda of the Bank of Japan, and Hammack of the Federal Reserve are some of the […] Read Article

Central Bank Watch

India’s First Central Bank Interest Rate Hike Since February 2023 Decided Unanimously

October 7, 2026

A 25-basis point Indian repo rate hike to 5.50% had been expected and reverses a similarly-sized cut last December. This move and a concurrent change in the RBI’s monetary stance from “neutral” to “calibrated tightening” had the support of all six Board members. At 5.5%, the Reserve Bank of India’s new repo rate level is […] Read Article

Deeper Analysis

September and Third Quarter in Figures

September 30, 2026

The most dramatic financial market change during the third quarter was not in the price of oil but rather a 42%  advance in the price of Bitcoin, nearly a fifth of which occurred in September. Nonetheless, a 30% jump in the price of West Texas Intermediate crude oil, along with a manic debate over the […] Read Article

New Overnight Developments Abroad - Daily Update

Another Upsurge in Long-Term Interest Rates Around the World

October 8, 2026

The two-, ten-, and 30-year U.S. Treasury yields rose overnight by 5, 3, and 2 basis points to 4.81%, 5.33% and 5.70%. Ten-year sovereign debt yields elsewhere have climbed four basis points in Germany, the U.K., and Canada, three bps in Switzerland and France, and two basis points in Spain. Oil price news today has […] More

New Overnight Developments Abroad - Daily Update

Fresh Iranian Attacks on Shipping Setting Wednesday’s Financial Market Tone

October 7, 2026

The Brent price of oil is back above $100 per barrel and 1.1% above yesterday’s close, while West Texas Intermediate has been lifted back to the $90 threshold. Long-term interest rates in turn have taken their cue from renewed attacks on ships trying to traverse the Strait of Hormuz. Ten-year sovereign debt yields have leaped […] More

New Overnight Developments Abroad - Daily Update

Decline of Oil Price Extended in Spite of Iranian Attacks on Tankers

October 6, 2026

Oil price movements continue to dominate other financial markets. Despite stepped-up attacks by Iran on ships in the Strait of Hormuz, a downtrend has continued in the cost of oil that followed the G7 agreement to release some emergency stockpiled diesel and resumed oil flowing through the Saudi East-West pipeline. The prices of both West […] More

New Overnight Developments Abroad - Daily Update

More Purchasing Manager Surveys and a Slightly Better Balance in the Global Oil Market

October 5, 2026

(119) The Group of Seven consisting of Germany, France, Japan, Canada, Britain, Italy and the United States agreed to release 100 million barrels of oil.  Oil movements through the Strait of Hormuz are significantly above the minuscule pace earlier this year, and oil flows Saudi Arabia’s damaged East-West pipeline are largely restored. All that being […] More

Foreign Exchange Insights and Next Week

Next Week’s Menu: October 3-9, 2026

October 2, 2026

Central Banks: Monetary policies will be reviewed in Peru, Iceland, Poland, India and Romania. Williams and Musalem of the Fed and Mann of the Bank of England have public speaking engagements. Policy meeting minutes from Federal Open Market Committee and European Central Bank Governing Board get published. Special Events and Holidays: National Golden Week in […] More

New Overnight Developments Abroad - Daily Update

Awaiting U.S. Employment Situation Report and Finding Some Relief from Lower Oil Price

October 2, 2026

The prices of West Intermediate crude and Brent oil fell overnight by 3.8% and 2.4% in response to France’s proposed release of some strategic oil reserves. This attempt to supplement available global supply is something that the Trump administration has been asking European governments to do. A better flow of traffic through the key Strait […] More

New Overnight Developments Abroad - Daily Update

Dollar Firmer As Fourth Quarter Commences

October 1, 2026

The weighted DXY dollar index is at a 17-month high and 0.4% above the third quarter’s closing level. Overnight gains range between 0.3% and 0.4% against the yen, euro, sterling, kiwi and won and 0.5-0.6% relative to the Mexican peso and Indonesian rupiah. The dollar is unchanged against the Aussie dollar and Swiss franc and […] More

New Overnight Developments Abroad - Daily Update

Elevating Inflation Shared by Many Economies as 3Q Draws to a Close

September 30, 2026

The dollar and U.S. equity futures marked time overnight as investors await key U.S. growth and inflation indicators. The U.S. currency is 0.1% softer against the yen, euro, Swiss franc, Canadian dollar, and kiwi. President Trump strengthened his pitch for a self-regulating AI industry. Stock markets in the Pacific Rim on this final session of […] More

Central Bank Watch

Central Bank Interest Rate Hikes in Jamaica and Australia

September 29, 2026

Late yesterday came an announcement from the Bank of Jamaica of a 50-basis point increase in its policy interest rate to 6.0%, marking the first increase since November 2022. A released explanation of this directional rate reversal notes that since the prior policy review in August,  The escalation of tensions in the Middle East and […] More

New Overnight Developments Abroad - Daily Update

More Central Bank Hikes Despite Lower-Than-Feared Oil Prices

September 29, 2026

Any U.S.-Iranian ceasefire deal before the U.S. midterm elections seems highly unlikely. And yet, the West Texas Intermediate price of crude oil settled back 0.8% from Monday’s closing level and at $91.86 is much closer to $90 than triple-digit territory. Somewhat greater traffic is moving through the Strait of Hormuz, and oil users are doing […] More

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