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EUR/GBP hits multi-year highs past 0.8760 amid generalised Pound weakness
The Euro accelerated its rally against a weaker British Pound on Tuesday to reach its highest level in two years, and is about to break the November 2023 high at 0.8765 at the time of writing.

Gold extends losses as US-China trade optimism fuels risk-on sentiment
Gold (XAU/USD) extends losses on Tuesday as investors rotate out of safe-haven assets amid renewed risk-on sentiment. At the time of writing, XAU/USD is trading around $3,925, down nearly 1.3% on the day, after briefly slipping below the $3,900 level, marking its lowest level in three weeks.

Gold Price Forecasts: XAU/USD hits lows sub-$3,900 weighed by risk-on markets
Gold trades lower for the third consecutive day on Tuesday, depreciating beyond 4% so far this week, as new trade agreements between the US and Asian countries underpin investors' appetite for risk, weighing safe-havens like Gold.

USD/JPY plummets to near 152.00 on improving US-Japan trade relations
The USD/JPY pair plunges 0.6% to near 152.00 during the European trading session on Tuesday. The pair faces intense selling pressure as the Japanese Yen (JPY) outperforms its peers on improving trade relations between the United States (US) and Japan.

AUD/USD steadies as RBA rate cut expectations fade, Fed decision looms
AUD/USD steadies around 0.6560 on Monday at the time of writing, after reaching a three-week high at 0.6564 earlier in the day. The Australian Dollar (AUD) retains part of its recent gains, supported by reduced expectations of an interest rate cut from the Reserve Bank of Australia (RBA).

US President Trump: Scheduled to meet Chinese leader Xi on Thursday
United States (US) President Donald Trump said during the European trading session on Thursday that he will meet Chinese leader Xi Jinping on Thursday.

Copper approaches record high - Commerzbank
Base metal prices rose at the beginning of the week. The prospects of a trade agreement between the US and China provided the main boost, after reports that trade representatives had agreed on key points over the weekend.

China's net Gold imports from Hong Kong significantly weaker vs previous year - Commerzbank
According to data from Hong Kong's statistics department, net Gold shipments from Hong Kong to China amounted to 22 tons in September, Commerzbank's commodity analyst Carsten Fritsch notes.

Gold and Silver continue to correct - Commerzbank
The correction in Gold and Silver has continued at the start of the new trading week. The price of Gold lost more than 3% yesterday, slipping below the $4,000 per troy ounce mark for the first time in three weeks.

European Gas market starts heating season relaxed despite lower filling levels - Commerzbank
The filling level of European Gas storage facilities has barely risen at the start of the official heating period: at 83%, it is 10 percentage points lower than the average for the last five years, Commerzbank's commodity analyst Barbara Lambrecht notes.

Another moderate increase in OPEC+ production likely - Commerzbank
The eight OPEC+ countries with voluntary production cuts are likely to agree on a further moderate increase in production in December at their virtual meeting next Sunday, Commerzbank's commodity analyst Carsten Fritsch notes.

Iraq apparently demands higher OPEC production quota for itself - Commerzbank
According to the Oil minister, Iraq is in negotiations regarding its OPEC production quota, which currently stands at 4.4 million barrels per day, Commerzbank's commodity analyst Carsten Fritsch notes.

Reuters' Poll: BoE to cut interest rates to 3.75% by Q1 2026
According to the Reuters poll on the Bank of England's (BoE) monetary policy outlook, 35 of 63 economists anticipate that the United Kingdom (UK) central bank will cut the bank rate to 3.75% by the first quarter of 2026.

Gold: Gold price rises to a new record high - Commerzbank
At the beginning of last week, the Gold price reached a new record high of $4,381 per troy ounce. Since last Tuesday, the price has fallen significantly again, but is still trading 50% higher than at the beginning of the year.

USD/CNH may not break below the y-t-d low of 7.0860 - UOB Group
Risk for US Dollar (USD) remains on the downside, but it is unclear now if there is sufficient momentum for a break of the y-t-d low of 7.0860, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

USD/JPY must first close above 153.00 to continue advancing - UOB Group
Upward momentum is starting to build, but for a continued advance, US Dollar (USD) must first close above 153.00, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

KRW underperforms amid US-Korea trade deal uncertainty - BBH
South Korean Won (KRW) struggles as uncertainty over South Korea's $350bn US investment plan and pending trade negotiations with the US weigh on the currency, BBH FX analysts report.

NZD/USD: Slight increase in upward momentum - UOB Group
Slight increase in upward momentum may lead to New Zealand Dollar (NZD) testing 0.5785; the resistance at 0.5800 is unlikely to come into view.

EUR/USD steadies near 1.1650 - BBH
EUR/USD holds around 1.1650 as the ECB's consumer inflation expectations survey supports a steady policy stance, BBH FX analysts report, BBH FX analysts report.

AUD/USD: Expected to edge higher to 0.6575 - UOB Group
Australian Dollar (AUD) is expected to edge higher to 0.6575; the next resistance at 0.6595 is not expected to come under threat. In the longer run, AUD could edge higher to 0.6575, with lesser odds of reaching 0.6595, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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