Sam Azzarello: What's next for markets and the global economy after a year defined by escalating tariffs, persistent geopolitical tensions, and the rise of artificial intelligence across industries?
Read more →Chris Turner at ING notes USD/CNH is consolidating after last week’s sharp decline, as investors hesitate to buy Renminbi with the PBoC slowing lower USD/CNY fixings and US–Iran sanctions risks in focus. ING’s base case…
Read more →Scotiabank strategists Shaun Osborne and Eric Theoret describe the Japanese Yen (JPY) as quiet, extending a tight consolidation as markets gradually price a 25 bp Bank of Japan (BoJ) hike for September 18. Hawkish BoJ m…
Read more →Sterling retreats some 0.39% as the US Dollar stages a recovery after a US inflation report revealed that prices remained elevated, increasing the chances of seeing a rate hike by the Federal Reserve (Fed) towards the e…
Read more →The Dow Jones Industrial Average trades a shade beneath 53,500 and roughly 100 points lower on the session, after a 12:30 GMT data drop the wires filed as uneventful. July core Personal Consumption Expenditures (PCE) pr…
Read more →EUR/GBP is trading around 0.8570 on Wednesday, on the front foot as hopes of a de-escalation in the Gulf hand the Euro (EUR) a modest lift. The pair has broken above its 20- and 100-period moving averages, which sit bun…
Read more →Prashant Newnaha at TD Securities notes that the RBA’s August minutes were overall less hawkish than June, but still emphasized upside inflation risks and the possibility of preemptive tightening. With July CPI strong a…
Read more →NZD/USD retreats to around 0.5940 on Wednesday at the time of writing, down 0.60% on the day. The New Zealand Dollar (NZD) loses ground against the US Dollar (USD), which finds some support following the release of the …
Read more →ABN AMRO’s Georgette Boele highlights that EUR/PLN has risen as interest rate expectations diverge between the Eurozone and Poland. The National Bank of Poland kept rates at 3.75% and appears divided on a possible 25bp …
Read more →AUD/USD is trading around 0.7170 on Wednesday, down slightly after a hot Australian inflation print ran straight into a firmer US Dollar.
Read more →EU mid-market update: Bond yields off recent highs as drop in crude overshadows rate expectations and hawkish commentary; Awaiting Nvidia numbers and Rubin color tonight.
Read more →Gold price (XAU/USD) is down 0.75% to near $4,620 during the European trading session on Wednesday. The precious metal corrects as the rally pauses after posting a fresh three-month high at $4,697 the previous day, with…
Read more →MUFG’s Derek Halpenny notes the Japanese Yen is firmer versus most G10 currencies as markets increasingly price a Bank of Japan rate hike in September. Services PPI data and hawkish commentary from former BoJ officials …
Read more →Crude prices extend their reversal on Wednesday, with the US benchmark West Texas Intermediate (WTI) trading at the $79.50 area as of writing, highlighting a 9% decline from last week’s highs above $87.00.
Read more →United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note AUD/USD extended its consolidation slightly higher, closing at 0.7165 as short-term momentum improves.
Read more →ING’s Chris Turner reports that the National Bank of Hungary cut its policy rate by 25bp to 5.50%, with Chief Economist Peter Virovacz seeing a 4.75% terminal rate.
Read more →DBS Group Research economist Philip Wee notes that the DXY Index’s recent recovery stalled slightly above 99 and has reverted to a 98.5–99.0 range after last week’s sell-off linked to higher US long bond yields.
Read more →EUR/JPY depreciates after registering modest gains, trading around 185.60 during the European hours on Wednesday. The technical analysis of a daily chart indicates that the currency cross is remaining within the ascendi…
Read more →Silver price (XAG/USD) is up almost 1% to near $69.40 during the Asian trading session on Wednesday. The white metal gains as oil prices fall further on hopes that the Strait of Hormuz, a critical chokepoint to almost o…
Read more →NZD/USD depreciates after registering modest gains in the previous day, trading around 0.5960 during the Asian hours on Wednesday. The pair declines as the US Dollar (USD) receives support ahead of the release of US Per…
Read more →The USD/JPY pair loses ground to near 158.90 during the Asian trading hours on Wednesday. The US Treasury’s bond buyback programs weigh on the US Dollar (USD) against the Japanese Yen (JPY). The US July Personal Consump…
Read more →The AUD/USD pair attracts buyers for the second straight day and climbs to the 0.7170 area following the release of Australian consumer inflation figures during the Asian session on Wednesday. Spot prices remain close t…
Read more →West Texas Intermediate (WTI) oil price extends its losses for the third consecutive day, trading around $80.10 per barrel during the Asian hours on Wednesday. Crude oil prices have declined following reports that Iran …
Read more →Australia’s Consumer Price Index (CPI) rose by 3.5% year-over-year (YoY) in July, compared to a 3.8% growth reported in June, the latest data published by the Australian Bureau of Statistics (ABS) showed on Wednesday.
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