Institutional
ING, Institutional
Gold: Central banks keep buying – ING
ING’s commodities team, led by Warren Patterson and Ewa Manthey, reports that Gold edged higher on Tuesday as lower Oil prices and stronger bond markets eased inflation concerns and reduced expectations of further rate hikes. They emphasize persistent central bank demand, with World Gold Council data showing continued net buying driven by long-term reserve diversification. […]
by Currency Hedger
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- 1 week ago
CommerzBank, Institutional
Euro: Fiscal concerns limit recovery against US Dollar – Commerzbank
Commerzbank’s Antje Praefcke notes that concerns over France’s national debt have recently weighed on the Euro, reviving memories of the earlier sovereign debt crisis. She argues fiscal consolidation in some Euro zone countries is both difficult and unpopular, so credibility will be hard to restore quickly. With the resilient US economy and limited new data, […]
by Currency Hedger
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- 1 week ago
Institutional, UOB
British Pound: Upside capped near 1.3315 against US Dollar – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann report that GBP/USD broke above their prior resistance level as the British Pound (GBP) outperformed on Tuesday, invalidating an earlier mildly bearish view. For the next 24 hours they see scope for a retest of nearby resistance but doubt a sustained break higher, […]
by Currency Hedger
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- 1 week ago
Institutional, MUFG
Japanese Yen: BoJ normalisation supports gains against US Dollar – MUFG
MUFG’s Michael Wan highlights that USD/JPY is still trading above 158, but Governor Ueda’s comments point to further Bank of Japan (BoJ) policy normalisation. Ueda stressed anchoring inflation around 2% and noted upside risks from imports, AI demand and JPY weakness. Wan remains constructive on the Japanese Yen, though further gains likely need faster BoJ […]
by Currency Hedger
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- 1 week ago
Dankse Bank, Institutional
Equities: Valuation reset underpins new highs – Danske Bank
Danske Research Team observes US equities extending their rebound, with the S&P 500 and Nasdaq posting fresh record highs and cyclical laggards leading gains. The team argues markets are not excessively optimistic, noting valuation multiples have compressed over the past year and quarter. They stress that future nominal earnings growth remains the key driver of […]
by Currency Hedger
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- 1 week ago
CommerzBank, Institutional
Brazilian Real: Bolsonaro boost faces parliamentary constraints – Commerzbank
Commerzbank’s Norman Liebke notes the Brazilian Real (BRL) strengthened about 4% as USD/BRL fell from 5.2 to 5 on F. Bolsonaro’s election lead. He cautions that despite gains by Partido Liberal and other conservatives, Bolsonaro would still lack outright majorities and remain reliant on alliances. Market-friendly reforms and Real-positive policies therefore face political hurdles, tempering […]
by Currency Hedger
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- 1 week ago
Institutional, MUFG
Japanese Yen: Pares gains against US Dollar but BoJ outlook supportive – MUFG
MUFG’s Lee Hardman notes that the Japanese Yen has softened after a Bloomberg report on the GPIF’s September meeting, lifting USD/JPY back above 158.00. Despite the correction, the Yen remains the best-performing G10 currency since August, helped by faster Bank of Japan policy normalization and higher JGB yields. Reuters sources suggest the BoJ may signal […]
by Currency Hedger
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- 1 week ago
ING, Institutional, Market Analysis
Euro: Downside risks with 1.1100 in sight against US Dollar – ING
Francesco Pesole at ING highlights that the Euro (EUR) is under pressure from French bond market turbulence, which is adding a fiscal risk premium and driving a repricing lower in European Central Bank (ECB) rate expectations. Swap differentials now resemble levels historically consistent with weaker EUR/USD. ING sees limited confidence in a sustained rebound and […]
by Currency Hedger
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- 1 week ago
CommerzBank, Institutional
Turkish Lira: CPI surprise seen enabling rate cut – Commerzbank
Tatha Ghose at Commerzbank reports Turkey’s September Consumer Price Index (CPI) fell below 30% year-on-year, with softer month-on-month gains, creating scope for the central bank to cut rates by 100 bps. He warns the Lira remains heavily managed by official intervention and cannot benefit sustainably. A rate cut and possible re-acceleration of inflation later this […]
by Currency Hedger
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- 1 week ago
Dankse Bank, Institutional
Equities: Broad catch-up as yields back up – Danske Bank
Danske Research Team report that Equities moved higher on Monday, with the Nasdaq hitting a fresh record and the S&P 500 just 0.3% below its own peak. Gains occurred despite another backup in long‑term yields, with positive market breadth and an unusual sector mix. The move is described as a broader catch‑up session rather than […]
by Currency Hedger
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- 1 week ago