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United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note USD/JPY held in a narrow band around 159.35, with a slight uptick in upward momentum. They expect this to translate into trading between 159.15 and 159.65 rather than a sustained advance. Over the coming weeks, they maintain a neutral stance, looking for range-bound […]
TD Securities’ FX strategist Howard Du maintains a bearish New Zealand Dollar (NZD) bias, noting that Reserve Bank of New Zealand (RBNZ) tightening is largely priced and NZD positioning has normalized. They expect AUD/NZD to remain supported above 1.20 with a 1.22 year-end forecast, and see a high bar for NZD/USD to sustain gains above […]
The Swiss Franc (CHF) trades marginally lower against a somewhat firmer US Dollar (USD) on Friday, with market volatility subdued as investors await the speech of the Federal Reserve (Fed) Chairman, Kevin Warsh, at the Jackson Hole Symposium, due later on the day. The USD/CHF pair trades practically flat just below 0.8750, on track for a 0.45% […]
Natural gas prices are gaining due to concerns about supplies to Europe and high temperatures in the USA. Natural gas prices on both sides of the Atlantic are recording dynamic increases, although they are driven by different fundamental dynamics. While the American market is reacting to the current heatwave, the Old Continent is struggling with […]
There are companies that grow rapidly, companies that can increase the scale of their operations for years, and then there is NVIDIA. Yesterday’s results once again showed how difficult it is to find another company on the global market that combines growth, profitability, and scale of operations at a similar level. Revenue in the second […]
Jackson Hole focus: is Nvidia is more important than the Fed? As we get to the end of the trading month for the UK, the focus will shift from the corporate back to the macro. Nvidia’s stunning 8% rally after its Q2 earnings report reignited the AI trade on Thursday, with a broad-based rally that […]
The economic calendar for the end of the week is far from boring, yet the market’s primary—if not sole—focus will be the speech by Fed Chair Kevin Warsh at the Jackson Hole central banking symposium. A month ago, the Fed held interest rates unchanged despite a distinctly hawkish front forming within the FOMC (three members […]
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US gasoline futures traded around $3.38 per gallon, near a five-week high, as supply concerns intensified amid rising geopolitical risks. US-Iran diplomatic efforts remained stalled after Washington ruled out reviving the terms of a June agreement and said it was not currently negotiating with Tehran. The US has instead intensified pressure through new sanctions earlier […]
US heating oil futures traded around $4.26 per gallon, holding most of their gains from the previous session as supply concerns intensified amid rising geopolitical risks. US-Iran diplomatic efforts remained stalled after Washington ruled out reviving the terms of a June agreement and said it was not currently negotiating with Tehran. The US has instead […]
