Institutional
Institutional, Rabobank
Oil: Hormuz risks and freight costs drive prices higher – Rabobank
Rabobank strategist Molly Schwartz discusses conflicting narratives around Iran-related tanker damage in the Strait of Hormuz and rising Oil flows from the Persian Gulf. Despite higher volumes, Schwartz stresses that insurance, freight and inefficiencies keep markets far from normal, with Brent futures at their highest since April and physical benchmarks trading at steep premiums to […]
by Currency Hedger
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- 1 day ago
ING, Institutional
Oil: Risk premium supported by Gulf tensions – ING
ING analysts Warren Patterson and Ewa Manthey note that Oil prices remain well supported as ICE Brent trades back above $110/bbl following new attacks on Saudi Arabia. They highlight that Kuwait is exporting as much crude as before the war while producing more than 2m b/d, but refined product shipping issues and elevated US inventory […]
by Currency Hedger
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- 2 days ago
Institutional, UOB
Euro: Range trading consolidation persists against US Dollar – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann report EUR/USD remains stuck in a tight consolidation, with intraday trade expected between 1.1210 and 1.1250 as momentum indicators stay flat. Over the next one to three weeks they see a narrower 1.1170–1.1270 band containing price action. Their medium-term view is that the […]
by Currency Hedger
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- 2 days ago
CommerzBank, Institutional
Euro: France risks and ECB expectations keep EUR/USD steady – Commerzbank
Antje Praefcke at Commerzbank highlights that political and rating risks in France, plus cautious European Central Bank (ECB) expectations, weigh on the Euro (EUR) but are largely priced in. Markets now see an ECB hike in December and more tightening next year, which may be revised lower. She anticipates relatively stable EUR/USD into next week, […]
by Currency Hedger
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- 3 days ago
ING, Institutional
New Zealand Dollar: RBNZ hike seen with CPI near forecast – ING
ING’s Francesco Pesole expects New Zealand’s 3Q CPI to slow to 3.8%, broadly matching consensus and slightly under the RBNZ’s projection, with any upside surprise reinforcing expectations of an October rate hike. Markets already price a meaningful move after hawkish RBNZ commentary, while NZD is seen cheap versus fair value and NZD/USD is projected above […]
by Currency Hedger
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- 3 days ago
Institutional
British Pound: Inflation surge backs November BoE hike – BBH
Brown Brothers Harriman’s Elias Haddad notes United Kingdom (UK) September Consumer Price Index (CPI) surprised to the upside, pushing British Pound (GBP) higher against both the Dollar and Euro. Haddad sees a 25 bps Bank of England (BoE) rate hike to 4.00% on November 5 as largely assured, but argues the swaps curve is pricing […]
by Currency Hedger
- 0 Comments
- 3 days ago
Institutional, Societe Generale
South African Rand: Gains against US Dollar at risk – Societe Generale
Societe Generale analyzes USD/ZAR after its rebound above the 200-DMA, with an interim high near 16.75 and a current pullback towards 16.37. The bank stresses the importance of the pair holding above the 200-DMA, noting two failed attempts earlier this year. It highlights downside risks towards 16.27 and 16.15 if 16.37 breaks. Rebound faces crucial […]
by Currency Hedger
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- 3 days ago
Institutional, UOB
Australian Dollar: Uptrend building toward 0.7035 against US Dollar – UOB
UOB strategists Quek Ser Leang and Lee Sue Ann note that AUD/USD benefited from the weaker US Dollar and reclaimed the 0.70 handle, with momentum strengthening faster than expected. Intraday gains may be capped within a tight range, but the 1–3 week outlook now points to further upside toward 0.7035, provided the pair holds above […]
by Currency Hedger
- 0 Comments
- 3 days ago
Institutional, MUFG
Japanese Yen: Intervention risk offsets trade pressure – MUFG
MUFG’s Lee Hardman notes the Japanese Yen (JPY) is trading in a narrow USD/JPY range above 158.00, with intervention risk and a softer US Dollar (USD) capping upside. Bank of Japan (BoJ) officials see underlying inflation near target, with markets pricing a December hike. Rising domestic yields are boosting JGB demand, though a wider trade […]
by Currency Hedger
- 0 Comments
- 3 days ago
ING, Institutional
Euro: French risks deepen downside pressure – ING
Francesco Pesole at ING highlights renewed pressure on French bonds, with the 10-year OAT-Bund spread nearing early October highs as budget worries and social unrest weigh on sentiment. EUR/CHF is seen as the main FX exhaust valve for French risk, with downside risks below key support, while EUR/USD may consolidate and EUR/GBP faces selling amid […]
by Currency Hedger
- 0 Comments
- 3 days ago