Institutional
Institutional, UOB
British Pound: Oversold Sterling still seen weaker against US Dollar – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann report GBP/USD plunged to 1.3375 and closed at 1.3380, a move seen as excessive but still pointing to further downside. Intraday, they see scope for a test of 1.3350 while holding above 1.3300, and over 1-3 weeks expect continued weakness toward 1.3350 with possible extension […]
by Currency Hedger
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- 1 month ago
Institutional, Market Analysis
UK CPI data supports ‘hawkish pause’ from BOE
UK inflation data was in line with expectations, at 3.1% for August. This is a rise from 2.9% in July, and is inline with expectations. Of course, the real shock to price growth will be September, when oil prices surged above $100 and the price of unleaded petrol and gas rose to their highest levels […]
by Currency Hedger
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- 1 month ago
Institutional, UOB
Swiss Franc: Watching break of 0.8205 against US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann see USD/CHF consolidating just below major resistance at 0.8205 after trading between 0.8164 and 0.8198. They flag potential for a brief move above 0.8205, though a sustained break is uncertain, and maintain that a firm hold above this level is needed to target 0.8245, with strong support […]
by Currency Hedger
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- 1 month ago
CommerzBank, Institutional
Norwegian Krone: Norges Bank weighs inflation and growth – Commerzbank
Commerzbank’s Antje Praefcke highlights uncertainty over whether Norges Bank will hike in September or wait until December. Inflation remains above target despite a recent downside surprise, while growth is described as close to normal. The regional network survey is seen as decisive, with Oil prices and Middle East developments still the main drivers for NOK. […]
by Currency Hedger
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- 1 month ago
Institutional, Rabobank
Oil: Supply risks and central bank pressures – Rabobank
Rabobank’s Senior Macro Strategist Bas van Geffen highlights escalating Middle East tensions, with Houthi attacks and damage to Saudi infrastructure forcing more Oil flows through the Strait of Hormuz. He notes increased supply risks via Bab el-Mandeb and potential mines, and says it has updated its energy forecasts as higher crude and refined product prices […]
by Currency Hedger
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- 1 month ago
ING, Institutional
US Dollar: Warsh guidance keeps Greenback supported – ING
ING strategists Francesco Pesole and Frantisek Taborsky note that markets fully expect the Federal Reserve to raise rates by 25bp to 4.0%, with a surprise hold seen as materially negative for the Dollar. They argue the FOMC is likely aware of Treasury risks and will keep a hawkish tone, with Chair Kevin Warsh’s openness to further tightening […]
by Currency Hedger
- 0 Comments
- 1 month ago
Dankse Bank, Institutional
Equities: Consumer sectors under pressure from energy shock – Danske Bank
Danske Bank’s Danske Research Team observes that global equities closed lower on Tuesday, with Energy the only sector in positive territory as Oil prices surged. The bank notes that selling was concentrated in consumer discretionary and staples, reflecting concerns that higher energy costs will hurt consumers. Despite equities being up over 10% year to date, […]
by Currency Hedger
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- 1 month ago
Deutsche Bank, Institutional
British Pound: Rising price pressures challenge BoE – Deutsche Bank
Deutsche Bank’s Sanjay Raja notes that United Kingdom (UK) inflation rose in August, with headline Consumer Price Index (CPI) at 3.1% year-on-year, its highest since December last year. While Core CPI and food inflation remained subdued, energy and services prices showed worrying strength. Raja highlights that inflation is running above Bank of England (BoE) projections […]
by Currency Hedger
- 0 Comments
- 1 month ago
CommerzBank, Institutional
Indian Rupee: Inflation and trade reshape INR – Commerzbank
Commerzbank economists note India’s August CPI rose to 4.8% year-on-year, above the RBI midpoint but still below the central bank’s full-year forecast. They see a more finely balanced policy outlook, with a likely hawkish hold at 5.25%. A narrower trade deficit and strong capital inflows should support INR, even as higher Oil prices pressure inflation and […]
by Currency Hedger
- 0 Comments
- 1 month ago
Institutional, UOB
Euro: Downside pressure toward 1.1490 against US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann keep a cautious stance on EUR/USD after the pair closed almost unchanged near 1.1543. They note slowing downside momentum intraday but still see room for a move toward 1.1520, while the broader 1–3 week view points to potential losses toward 1.1490 unless resistance at 1.1585 is breached, suggesting sustained […]
by Currency Hedger
- 0 Comments
- 1 month ago