Institutional
CommerzBank, Institutional
Polish Zloty: Hawkish talk but weak PLN outlook – Commerzbank
Tatha Ghose at Commerzbank reports that NBP Governor Adam Glapinski presented a hawkish tone but effectively signalled no action until at least Q1, ruling out a December hike. New projections show inflation above target into 2027, even with tax relief. Ghose warns that relying on temporary fuel-price measures risks leaving monetary policy too loose and […]
by Currency Hedger
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- 1 week ago
ING, Institutional
Czech Koruna: Range seen holding against Euro – ING
ING strategist Frantisek Taborsky assesses EUR/CZK after the Czech National Bank’s dovish-leaning 4–3 split decision. He notes that rate differentials would point to a weaker koruna, but sees the recent rally in CZK rates as excessive. With expected correction in rates and seasonal support, ING keeps a relatively tight EUR/CZK range, only slightly adjusted from […]
by Currency Hedger
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- 1 week ago
Institutional, UOB
Japanese Yen: Bullish bias within 157.00–159.00 band against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note a modest pickup in downside momentum in USD/JPY after a volatile session. They expect the pair to trade with a bearish intraday bias toward 157.20, potentially testing major support at 157.00, with resistance at 158.10 and 158.30. Over 1–3 weeks, they still anticipate […]
by Currency Hedger
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- 1 week ago
DBS, Institutional
Indian Rupee: Higher inflation supports rate hike bets – DBS
DBS Group Research anticipates India’s headline inflation to rise in October on higher food costs and base effects, with core inflation also quickening. Non-food components may get some relief from softer precious metals and delayed fuel price changes. With Consumer Price Index likely above the Reserve Bank of India’s (RBI) target range, DBS expects a […]
by Currency Hedger
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- 1 week ago
Institutional, MUFG
British Pound: Supported by BoE hike expectations and softer Dollar – MUFG
MUFG’s Lee Hardman reports that the Pound has benefited from broad US Dollar weakness, with GBP/USD briefly above 1.3500 and EUR/GBP near 0.8300. Markets expect the BoE to deliver its first rate hike since the US-Iran conflict began, though MUFG anticipates cautious forward guidance and fewer hikes than currently priced, limiting but not reversing recent […]
by Currency Hedger
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- 1 week ago
Institutional, Societe Generale
British Pound: Recovery extends toward range highs – Societe Generale
Societe Generale strategists highlight that GBP/USD has rebounded from the lower boundary of its multi‑month range and reclaimed its 200‑DMA, suggesting scope for further recovery. The bank sees resistance near 1.3555/1.3600 and 1.3660, with first support at the 200‑DMA around 1.3420. Overnight, Cable consolidated near a seven‑week high ahead of the Bank of England (BoE) […]
by Currency Hedger
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- 1 week ago
Institutional, MUFG
US Dollar: Weaker as Brent slides on US-Iran hopes – MUFG
MUFG’s Lee Hardman notes that the US Dollar (USD) has extended its post-US mid-term election decline, with the US Dollar Index (DXY) down and US yields softer as Brent Oil drops back towards its 200-day moving average. Renewed optimism over a potential US-Iran deal is seen easing inflation risks and undermining Dollar support, while upcoming […]
by Currency Hedger
- 0 Comments
- 1 week ago
CommerzBank, Institutional
Swedish Krona: Riksbank path shifts focus to February – Commerzbank
Antje Praefcke at Commerzbank reports that the Riksbank raised its policy rate from 1.75% to 2.00% as expected and remains in restrictive mode, but the statement weakens the case for a December hike. She sees the key decision likely pushed to February 2027, with EUR/SEK potentially moving back above 11 if rate increases are delayed […]
by Currency Hedger
- 0 Comments
- 1 week ago
ING, Institutional
Gold: Post-election surge faces headwinds – ING
ING strategists Warren Patterson and Ewa Manthey note that Gold has jumped back above $4,000/oz after the Democratic sweep in the US midterms, helped by lower Treasury yields, a weaker Dollar and strong central bank buying. They caution that near-term prospects remain challenging as inflation keeps monetary policy expectations tight and Middle East developments stay […]
by Currency Hedger
- 0 Comments
- 1 week ago
Institutional, UOB
British Pound: Overbought but uptrend still in place against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann, GBP/USD jumped to a seven-week high near 1.3503 before easing to 1.3472, with intraday action expected to consolidate between 1.3445 and 1.3505. Over the next one to three weeks, they retain a positive view, looking for a move toward 1.3530 while flagging 1.3410 as […]
by Currency Hedger
- 0 Comments
- 1 week ago