Saturday, 10 October 2026
Practical forex advice, broker reviews & market insight, fx suggest
Category
Crude oil futures ended the trading session modestly higher after President Trump indicated the United States would not launch military strikes against Iran ahead of the U.S. midterm elections, providing a measure of relief to a market that had been bracing for geopolitical escalation.
Two fresh surveys show President Lula and right-wing contender Flávio Bolsonaro separated by a razor-thin margin as Brazilian voters head to the polls this Sunday.
The average one-year analyst price target for Silver Bow Mining (SBMT) has been revised downward to $20.54 per share, marking an 11.31% decline from the previous consensus of $23.15 set on September 11, 2026.
The Straits Times Index has slipped roughly 1.2 percent over three consecutive sessions, leaving it hovering near the 5,665 level where analysts expect near-term support to emerge on Friday.
Major US stock indexes posted small gains Thursday as declining bond yields eased pressure on equity valuations, with the Nasdaq 100 leading the advance.
The precious metal came under renewed pressure after a combination of rising crude oil prices and solid U.S. economic indicators strengthened the case for the Federal Reserve to maintain a restrictive stance for an extended period, according to ANZ.
The U.S. dollar edged higher on Monday as sticky inflation data and a hawkish PPI print trimmed the odds of a September Fed rate cut, while the 10-year Treasury yield touched a two-week peak at 4.35%.
The Asian Development Bank has warned that geopolitical conflicts and an intense El Niño event are pushing inflation higher across Asia, with pressure expected to persist well into 2027.
President Trump signed the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 into law on Friday, authorizing tariffs of up to 100% on major buyers of Russian energy and broad sanctions against Putin's inner circle. Simultaneously, Russia formally demanded Japan withdraw US Typhon missile systems deployed near Hiroshima.
Bond traders have ramped up bearish positioning ahead of Wednesday's Federal Reserve meeting, while analysts at Bloomberg weigh in on the mounting pressures keeping equities under pressure.
The benchmark 10-year Treasury note yield briefly breached the 5% mark Monday, hitting its highest level since October 2023, as traders brace for what most expect will be a quarter-point rate hike at the Fed's Tuesday-Wednesday meeting.
PNC Chief Investment Officer Amanda Agati warns on Bloomberg This Weekend that energy-driven price pressures are steering market expectations toward higher rates, while cautioning that additional tightening could constitute a policy mistake.
Advertisement
