Commerzbank’s Charlie Lay and Dr. Henry Hao highlight that the Bank of Korea (BoK) kept its policy rate at 3.00% after two prior hikes, but delivered a clearly hawkish message. Strong semiconductor exports underpin high…
Read more →EUR/USD trades on the back foot on Friday as the US Dollar (USD) regains some ground alongside US Treasury yields following Thursday’s decline. France’s fiscal concerns add pressure on the Euro (EUR), while traders look…
Read more →Two days of Houthi attacks in Saudi Arabia and strikes on ships leaving the Strait of Hormuz have taken WTI above the $95.00-$101.00 band it held from Monday to Thursday. It has risen from near $98.50 to just under $103…
Read more →Tatha Ghose at Commerzbank reports that Turkey’s Central Bank of the Republic of Türkiye (CBRT) cut its one-week repo rate by 100bp to 36.0%, alongside similar moves in overnight rates. Despite acknowledging upside infl…
Read more →Brown Brothers Harriman (BBH) strategist Elias Haddad reports EUR/USD trading defensively below 1.1200 after weaker-than-expected Eurozone PMI, which still signals robust growth. Above-target inflation and resilience gi…
Read more →USD/CAD slips below 1.4000 to its lowest level in a month on Friday, extending its losing streak to seven consecutive days as traders expect the Federal Reserve (Fed) and the Bank of Canada (BoC) to take different paths…
Read more →OCBC strategists Christopher Wong and Sim Moh Siong say Indian Rupee's (INR) recent recovery has stalled as renewed gains in Oil prices highlight India’s external vulnerabilities. RBI measures and IPO inflows have helpe…
Read more →Business activity in the United States (US) private sector showed continued expansion in October, according to preliminary data released by S&P Global on Friday.
Read more →Chris Turner at ING highlights that the Mexican Peso has been the weakest emerging market currency since early September, hurt by dovish Banxico rhetoric and narrowing policy spreads versus the Federal Reserve. Without …
Read more →Spot gold is bid at $4,187.70 an ounce at 10:39 a.m. ET, up $17.90, or 0.43%, on the day. The ask is $4,189.70. Friday’s range has run from $4,146.60 to $4,199.50, and the high came within 50 cents of the $4,200 handle …
Read more →TD Securities strategists note that FX markets remain meaningfully long the US Dollar (USD) ahead of the October FOMC, with data showing the Fed faces the strongest G10 hiking pressures. They expect the USD to stay firm…
Read more →Silver (XAG/USD) slides to fresh yearly lows on Friday after plunging 5.8% on Thursday as concerns over AI-related investments weighed on equities, but failed to spark safe-haven demand for Silver as investors favour go…
Read more →Gold (XAU/USD) attempts a recovery above the $4,000 mark on Friday after slipping to $3,986 during Asian trading hours, its lowest level since July. The rebound comes as dip buyers step in following Thursday’s sharp sel…
Read more →Thursday should have been a fairly straightforward dollar session under the old playbook. Equities were under pressure, AI nerves were leaking from stocks into credit, oil remained uncomfortably high and French sovereig…
Read more →United Overseas Bank strategists (UOB) Quek Ser Leang and Lee Sue Ann note a steep USD/JPY selloff as safe-haven demand for Japanese Yen (JPY) surged on geopolitical tensions and falling US Treasury yields. Short term, …
Read more →The private sector's business activity in the United Kingdom (UK) expanded at its fastest pace in eight months in October, with the S&P Global Composite Purchasing Managers' Index (PMI) rising to 53.1 from 52 in Septemb…
Read more →The EUR/USD pair attracts sellers for the second straight day in reaction to mostly disappointing Eurozone PMIs, trading near the lower end of the weekly range, around the 1.1200 mark during the first half of the Europe…
Read more →Commerzbank’s Tatha Ghose expects the Russian central bank to leave its key rate unchanged at 14.0%, in line with consensus. He argues inflation dynamics and fiscal risks justify a pause, and notes CBR’s medium-term rat…
Read more →The New Zealand Dollar (NZD) posts minor gains against the US Dollar (USD) on Friday, but remains trading within Thursday’s range, amid a moderate risk-off mood as Oil prices rise to fresh five-month highs.
Read more →ING strategists Warren Patterson and Ewa Manthey note ICE Brent surged 4% to just above $113/bbl as markets focus on supply risks rather than current fundamentals.
Read more →The USD/JPY pair stages a goodish intraday bounce from the 156.00 neighborhood, or an over one-month low touched earlier this Friday, and sticks to modest gains through the early European session.
Read more →EUR/JPY gains ground after two days of losses, trading around 176.10 during Asian hours on Friday. Technical analysis of the daily chart shows the currency cross remains within a descending channel pattern, indicating a…
Read more →The NZD/USD pair gathers strength to around 0.5690 during the Asian trading hours on Friday. Growing expectations of a Reserve Bank of New Zealand (RBNZ) rate hike provide some support to the New Zealand Dollar (NZD) ag…
Read more →The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is remaining subdued for the fourth successive day and trading near 101.60 during Asian hours on Friday.
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