Institutional
Institutional, Rabobank
Mexican Peso: Carry-driven strength extends against US Dollar – Rabobank
Rabobank’s Christian Lawrence and Molly Schwartz highlight that USD/MXN has broken below 17 for the first time since May 2024, prompting a forecast revision toward 16.5 in coming weeks. They see strong carry demand and subdued volatility keeping MXN supported, while a mild retracement is projected for next year, with the pair staying within recent […]
by Currency Hedger
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- 1 month ago
CommerzBank, Institutional
Turkish Lira: Inflation expectations outpace CBRT forecasts – Commerzbank
Commerzbank’s Tatha Ghose revisits Turkish inflation dynamics, noting seasonally-adjusted price momentum above 2% m/m and warning that disinflation is unlikely. Market participants have raised year-end Consumer Price Index (CPI) expectations to 29.5% y/y, above Central Bank of the Republic of Türkiye’s (CBRT) 28% forecast. Ghose argues CBRT repeatedly chases private forecasts, undermining credibility, while persistent […]
by Currency Hedger
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- 1 month ago
BNY, Institutional
Norwegian Krone: Valuation headwinds temper NOK against Euro – BNY
BNY’s Geoff Yu notes that stronger Oil prices have improved Norway’s terms of trade, but EUR/NOK gains have pushed up the I-44 import price index. While Norges Bank can focus on domestic factors thanks to NOK’s year-to-date performance, Yu warns that high investor holdings and a weaker valuation case make short EUR/NOK trades unattractive, with […]
by Currency Hedger
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- 1 month ago
DBS, Institutional
Australian Dollar: RBA hike repricing supports gains – DBS
BS Group Research’s Philip Wee notes AUD/USD has risen 2.2% in August after a 1.5% gain in July, leaving the Australian Dollar near year-to-date highs and the best-performing G10 currency in 2026. The move is driven by swift repricing of a Reserve Bank of Australia (RBA) rate hike in November following hawkish minutes and upside […]
by Currency Hedger
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- 1 month ago
Deutsche Bank, Institutional
Equities: Tech earnings lift futures after quiet session – Deutsche Bank
The Deutsche Bank strategists describe a modestly positive shift in equity sentiment following Nvidia’s earnings. After a quiet cash session for the S&P 500 and Nasdaq, Nvidia’s revenue beat and bullish AI outlook pushed its shares up 4.7% after-hours, lifting S&P 500 and Nasdaq futures. Salesforce and CrowdStrike results further supported global tech-linked equities. Nvidia-led rebound in equity […]
by Currency Hedger
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- 1 month ago
Dankse Bank, Institutional
Euro: Lower against US Dollar after PCE surprise – Danske Bank
Danske Research Team notes that the United States (US) Personal Consumption Expenditures (PCE) Price Index inflation surprise triggered a hawkish market reaction, pushing US rates higher and weighing on EUR/USD. The pair dropped to 1.1650 as the US Dollar (USD) found support from stronger data. Markets also increased pricing for a potential September Fed rate hike, reinforcing […]
by Currency Hedger
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- 1 month ago
CommerzBank, Institutional
Australian Dollar: RBA waits as inflation sticks – Commerzbank
Volkmar Baur at Commerzbank notes that the Reserve Bank of Australia (RBA) is in wait-and-see mode after three rate hikes, assessing how inflation and the labor market evolve. July Consumer Price Index (CPI) eased to 3.5% but missed expectations, with trimmed-mean inflation stuck at 3.6%. He expects a hawkish tone at the September meeting but […]
by Currency Hedger
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- 1 month ago
Institutional, OCBC
US Dollar: Core PCE and Warsh remarks in focus – OCBC
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 Warsh’s Jackson Hole remarks, as the Federal Reserve’s (Fed) […]
by Currency Hedger
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- 1 month ago
Deutsche Bank, Institutional
Equities: Tech-led gains with softer Oil – Deutsche Bank
Deutsche Bank notes that Nvidia’s 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 […]
by Currency Hedger
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- 1 month ago
Institutional, UOB
British Pound: Upside remains intact above 1.3605 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann maintain a positive 1–3 week outlook for 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 bank’s expected 1.3630–1.3665 intraday range, the broader upside scenario remains valid unless strong support […]
by Currency Hedger
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- 1 month ago