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Commerzbank’s Tatha Ghose revisits Turkish inflation dynamics, noting seasonally-adjusted price momentum above 2% m/m and warning that disinflation is unlikely. Market participants have raised year-end Consumer Price Index (CPI) expectations to 29.5% y/y, above Central Bank of the Republic of Türkiye’s (CBRT) 28% forecast. Ghose argues CBRT repeatedly chases private forecasts, undermining credibility, while persistent […]
BNY’s Geoff Yu notes that stronger Oil prices have improved Norway’s terms of trade, but EUR/NOK gains have pushed up the I-44 import price index. While Norges Bank can focus on domestic factors thanks to NOK’s year-to-date performance, Yu warns that high investor holdings and a weaker valuation case make short EUR/NOK trades unattractive, with […]
BS Group Research’s Philip Wee notes AUD/USD has risen 2.2% in August after a 1.5% gain in July, leaving the Australian Dollar near year-to-date highs and the best-performing G10 currency in 2026. The move is driven by swift repricing of a Reserve Bank of Australia (RBA) rate hike in November following hawkish minutes and upside […]
The Deutsche Bank strategists describe a modestly positive shift in equity sentiment following Nvidia’s earnings. After a quiet cash session for the S&P 500 and Nasdaq, Nvidia’s revenue beat and bullish AI outlook pushed its shares up 4.7% after-hours, lifting S&P 500 and Nasdaq futures. Salesforce and CrowdStrike results further supported global tech-linked equities. Nvidia-led rebound in equity […]
Danske Research Team notes that the United States (US) Personal Consumption Expenditures (PCE) Price Index inflation surprise triggered a hawkish market reaction, pushing US rates higher and weighing on EUR/USD. The pair dropped to 1.1650 as the US Dollar (USD) found support from stronger data. Markets also increased pricing for a potential September Fed rate hike, reinforcing […]
Wheat prices are currently driven by various overlapping geopolitical risks and rapidly deteriorating global harvest prospects. Recent gains have clearly accelerated, and US wheat contract quotes have reached the 751.1 USD level, making it one of the absolute commodity market leaders recently. How have wheat prices changed recently? Wheat prices are in an uptrend. In […]
The USD/JPY pair turns positive for the fourth consecutive day following an intraday dip to the 159.00 neighborhood during the Asian session on Thursday. Spot prices currently trade near the weekly high, though the uptick lacks bullish conviction ahead of Tokyo consumer inflation figures and US Federal Reserve (Fed) Kevin Warsh’s speech on Friday. The slightly hot […]
USD/CHF remains steady after registering 0.5% gains in the previous day, trading around 0.8050 during the Asian hours on Thursday. The currency pair remains bound to a tight range as a resilient US Dollar (USD) holds its ground, bolstered by robust economic data. July’s PCE price index accelerated to 0.2% month-on-month, edging past the 0.1% […]
The GBP/USD pair is seen consolidating near the lower end of its weekly range, below the 1.3600 mark, during the Asian session on Thursday. The downside, however, remains cushioned as traders look for more cues about the US Federal Reserve’s (Fed) interest rate path before placing fresh directional bets. Data released on Wednesday showed that […]
The USD/CAD pair is seen consolidating near the weekly high and trading around the 1.3875-1.3880 region during the Asian session on Thursday amid mixed fundamental cues. Despite the optimism over the reopening of the Strait of Hormuz, the protracted Russia-Ukraine war keeps a floor under crude oil prices. This is seen offering some support to the commodity-linked […]
