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OCBC Bank strategists Sim Moh Siong and Christopher Wong highlight that lower energy prices have helped pull US and European yields down, supporting a more benign macro backdrop without stoking USD debasement fears. Markets are watching US core Personal Consumption Expenditures (PCE) Price Index and Chair Warshโs Jackson Hole remarks, as the Federal Reserveโs (Fed) […]
Deutsche Bank notes that Nvidiaโs earnings have become a major macro catalyst, although the impact of positive surprises has faded in recent quarters. Ahead of the latest results, a rebound in Nvidia and semiconductor stocks helped lift the S&P 500 and Nasdaq, while European equities were also mostly firmer. Asian markets are broadly higher as […]
United Overseas Bankโs (UOB) Quek Ser Leang and Lee Sue Ann maintain a positive 1โ3 weekย outlookย forย GBP/USD, with 1.3700 still in sight as long as the pair holds above 1.3605. While the near-term tone has softened and spot has slipped below the bankโs expected 1.3630โ1.3665 intraday range, the broader upside scenario remains valid unless strong support […]
Danske Research Team reports that EUR/USD remained little changed around 1.1670, with the chart showing only a modest pullback from overnight highs before a partial recovery. Lower US yields and softer oil prices weighed on the Dollar, but declining European rates limited the Euroโs upside, leaving the pair without a clear directional signal. EUR/USD stays broadly stable […]
INGโs Francesco Pesole notes the Dollar is drawing support from the US bond market as long-dated yields stabilise, while US-Canada trade tensions and Iran-related sanctions risks complicate the outlook. He argues renewed US-China trade frictions could hurt the Dollar, and sees downside risks dominating, although USD is expected to consolidate into the upcoming Jackson Hole […]
Commerzbankโs Carsten Fritsch reports that Gold has surged to a threeโmonth high near USD 4,700 per ounce as USโCanada tariff tensions escalate and concerns over US debt intensify. Silver and Platinum have also rallied. Strong ETF inflows, particularly in North America, suggest sustained investor interest, and the bank sees indications that Gold prices will continue to rise. […]
Michael Wan at MUFG discusses US threats of economic punishment on countries dealing with Iran and new sanctions on over 60 entities. He argues that rising geoeconomic fragmentation encourages countries to diversify reserves, trade and financial links away from reliance on any single system, including the Dollar-based one. Wan also references ongoing USโCanada trade tensions […]
Brown Brothers Harrimanโs (BBH) Elias Haddad notes the Australian Dollar (AUD) largely ignored the Reserve Bank of Australia’s (RBA) August Minutes, which reiterated Governor Michele Bullockโs warning that another rate hike is quite possible. Futures imply around 60% odds of a final 25 bps hike to 4.60% by year-end. Haddad sees risks skewed toward an […]
Rabobank’s Senior FX Strategist Jane Foley discusses the British Pound’s (GBP) recent performance, noting it is currently the top G10 currency on a 1โday view but only middling over longer horizons. Foley expects EUR/GBP to trade in a range over the coming weeks, with a mild upside bias later in the year as fiscal realism […]
INGโs Francesco Pesole highlights escalating US-Canada trade tensions, with new US tariffs on Canadian autos and parts announced for early next year. He notes both sides remain entrenched in conflict territory and argues the recent rebound in USD/CAD has room to extend beyond 1.390, as trade risks and broader Dollar dynamics continue to influence the […]
