United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight that USD/CNH downside momentum continues to build after the pair slipped to 6.7653. Intraday, there is a chance of testing major support at 6.7600 wh…
Read more →MUFG’s Lloyd Chan notes that softer US inflation data has weakened the Dollar and lowered Fed rate hike expectations, but USD/THB has still broken above 33.50. He highlights Thailand’s low carry, deteriorating terms of …
Read more →The USD/CHF reversed course, rising by over 0.40% late Thursday as the Greenback staged a recovery amid overall risk aversion, heightened tensions in the Middle East, and strong US economic data. The pair trades at 0.80…
Read more →The US Dollar Index (DXY) rises toward 100.80, gaining around 0.3% as stronger-than-expected United States labor-market data supports the Greenback. US Initial Jobless Claims fell to 208K, below expectations of 217K and…
Read more →United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note that USD/SGD downside momentum has intensified after a sharp intraday swing, with firm support highlighted at 1.2875 and 1.2860. In the near term, the pai…
Read more →The Mexican Peso depreciated by about 0.30% on Thursday as market participants turned risk-averse amid an escalation of the Middle East conflict, which has driven energy prices higher. Also, a round of positive US data …
Read more →OCBC strategists Sim Moh Siong and Christopher Wong note that USD/CNY has extended its decline on softer United States (US) Consumer Price Index (CPI) and Producer Price Index (PPI), with firmer People's Bank of China (…
Read more →EUR/USD trades lower near the 1.1440 area on Thursday, retreating around 0.2% as the US Dollar (USD) gains support from stronger-than-expected United States (US) labor market data.
Read more →Standard Chartered analysts Christopher Graham and Carol Liao discuss how the European Union is seeking to rebalance its trade relationship with China without shutting the door on engagement. They highlight a large and …
Read more →Gold price drops over 1.80% as tensions between the US and Iran fuel fears of a possible Oil supply disruption, driving energy prices higher and potentially triggering another round of inflation. The XAU/USD trades at $…
Read more →Scotiabank strategists Shaun Osborne and Eric Theoret note GBP/USD is slightly weaker as it gives back part of yesterday’s strong advance, helped by expectations of a centrist, market-friendly Burnham government. United…
Read more →EUR/JPY trades around 185.80 at the time of writing on Thursday, little changed on the day after reaching a one-month high earlier this week. The pair is edging slightly lower as the Japanese Yen (JPY) regains some foot…
Read more →After a brutal wave of selling in the after-hours session that followed their earnings releases, US-listed memory chip stocks rapidly repaired sentiment and staged an epic short-squeeze rally. On Thursday, May 1, local …
Read more →The gold price has experienced its steepest weekly decline in more than 40 years, dropping as low as US$4,100 per ounce in early morning trading on Monday (March 23).
Read more →The Dow Jones Industrial Average (DJIA) added roughly 160 points, or 0.3%, to trade near 52,800 on Thursday while the S&P 500 slipped 0.2% and the NASDAQ Composite shed 0.9%. An early dip to 52,586 found buyers within t…
Read more →NZD/USD fluctuates between minor gains and losses on Thursday as the Reserve Bank of New Zealand’s (RBNZ) hawkish stance supports the Kiwi, while a stronger US Dollar (USD) caps the upside. At the time of writing, the p…
Read more →The Pound Sterling trims some of its Wednesday gains versus the US Dollar, down by over 0.48% following solid US data. The sell-off comes amid risk aversion and augments the safe-haven appeal of the Greenback. At the ti…
Read more →West Texas Intermediate (WTI) Oil spent Thursday's European morning grinding down to 78.37 before ripping nearly two dollars to 80.29 when the Houthis threatened to target all Saudi Oil sites and key facilities should S…
Read more →Gold (XAU/USD) edges lower on Thursday as traders look past back-to-back, softer-than-expected US inflation reports and remain focused on renewed Middle East tensions, which are fueling concerns that higher energy price…
Read more →Scotiabank strategists Shaun Osborne and Eric Theoret report USD/CAD is flat after the Bank of Canada (BoC) left policy unchanged and maintained a cautious tone on growth and inflation. Governor Macklem downplayed the C…
Read more →ING’s Carsten Brzeski argues that the European Central Bank is likely to keep rates unchanged next week but a surprise hike cannot be ruled out. He notes that renewed Middle East tensions and rising Oil prices have rest…
Read more →Brown Brothers Harriman’s (BBH) Elias Haddad highlights that United Kingdom (UK) May Gross Domestic Product (GDP) slightly beat expectations, driven by services, but underlying details disappointed as production and con…
Read more →The Canadian Dollar (CAD) has entered a consolidation phase against the US Dollar (USD) following a volatile week. While a soft US inflation report initially put the Greenback on the back foot, the Bank of Canada's (BoC…
Read more →Rabobank’s Bas van Geffen says renewed US-Iran hostilities have shifted Eurozone inflation risks upward. June’s softer-than-expected flash estimate may buy the ECB time in July, but the earlier decline in energy prices …
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