OCBC strategists Sim Moh Siong and Christopher Wong highlight that resilient US data, sticky inflation and elevated energy prices are pushing US Treasury yields higher and supporting the US Dollar.
Read more →AUD/USD edges higher on Friday, trading around 0.7025 at the time of writing, up 0.20% on the day.
Read more →Silver price (XAG/USD) is up 1.85% to near $65.00 during the European trading session on Friday. The white metal strengthens as rally in the US Dollar (USD) and United States (US) Treasury Yields appears to have hit a p…
Read more →UOB’s Quek Ser Leang and Lee Sue Ann report that GBP/USD extended its sharp decline to 1.3205, leaving conditions deeply oversold but with the bias still pointing lower. They see scope for a test of the June low at 1.31…
Read more →Gold (XAU/USD) edges higher on Friday as the US Dollar (USD) and Treasury yields take a breather following their strong rally this week. At the time of writing, XAU/USD trades around $4,310 after slipping to a one-week …
Read more →The Reserve Bank (RBNZ) has held its benchmark official cash rate (OCR) unchanged at 2.25 percent, as it forecast inflation to break above 4 percent but said it did not want to hurt the economic recovery.
Read more →New York Federal Reserve (Fed) Bank John Willams said in a panel discussion at Oxford University on Friday that although tariffs and higher energy prices don’t to a sustainable inflation. However, repeated supply shocks…
Read more →The price of the US benchmark West Texas Intermediate (WTI) barrel has stabilised above $91.00 on Friday, with the reversal from Thursday’s highs, near $96.00, losing momentum. Ongoing hopes that the US-Iran contacts wi…
Read more →Japanese Finance Minister (FM) Satsuki Katayama stresses on Bank of Japan’s (BoJ) independence while speaking during the European trading session on Friday. This is the second time in the day when Katayama has delivered…
Read more →Bank of England (BoE) Governor Andrew Bailey said on Friday that the pass-through from higher energy prices remains “quite subdued” so far, while stressing that it is still early days.
Read more →Commerzbank’s India section notes September flash PMIs pointing to stronger end-Q3 activity, with both manufacturing and services indices well above 50. Domestic demand is robust, but elevated input and output prices, e…
Read more →Deutsche Bank strategists report renewed pressure on global equities as surging bond yields and higher Oil prices weigh on risk assets. The S&P 500 slipped for a third session despite a late recovery, while European ind…
Read more →The Euro (EUR) remains practically flat, just below three-month highs against the British Pound (GBP) on Friday, despite the downbeat German consumer confidence data released earlier in the day. The EUR/GBP pair stands …
Read more →EUR/CAD gains ground for the second successive day, trading around 1.6110 during early European hours on Friday.
Read more →ING’s Francesco Pesole explains that the Swiss National Bank held rates but surprised dovishly, downplaying second-round inflation effects and tweaking its FX stance.
Read more →The dollar closed higher against every major currency Thursday. Treasury yields climbed across the curve, with the 10-year near 5.19%, while European shares finished lower.
Read more →The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 101.15 in the early European trading hours on Friday.
Read more →USD/JPY halts its five-day winning streak, trading around 158.10 during Asian hours on Friday. The currency pair depreciates as the Japanese Yen (JPY) gathers support. Market participants are remaining on high alert, an…
Read more →The Australian Dollar (AUD) gains ground against the US Dollar (USD) on Friday after a vertical sell-off in the last two trading days. In the European trade, the Aussie pair is slightly higher to near 0.7020 after findi…
Read more →The EUR/USD pair trades with mild losses near 1.1375 during the early Asian trading hours on Friday. The US Dollar (USD) strengthens against the Euro (EUR) amid hawkish signals from the Federal Reserve (Fed) officials a…
Read more →West Texas Intermediate (WTI) oil price declines after two days of gains, trading around $92.60 per barrel during Asian hours on Friday. Crude oil prices depreciated amid reports that the United States (US) and Iran wer…
Read more →Chinese President Xi Jinping stated during his visit to Washington that Beijing and Washington must find a proper way to coexist peacefully and act as partners rather than rivals, the Financial Times reported on Thursda…
Read more →Yemen's Houthi claimed on Thursday that it launched dozens of ballistic missiles and drones at Saudi military installations in the kingdom's southwestern Jazan region, the Saudi-led coalition in Yemen said were aimed at…
Read more →Iranian President Masoud Pezeshkian said that it is for the United States (US) to decide whether to end its war against the Islamic Republic, as Tehran does not wish to continue fighting, Fox News reported on Thursday.
Read more →