Institutional
Institutional, UOB
Chinese Yuan: Uptrend extends toward 6.6450 against US Dollar – UOB
United Overseas Bank strategists Quek Ser Leang and Lee Sue maintain a negative stance on USD/CNH, noting that the pair has been edging lower and remains under downward pressure. Short-term projections see scope to test nearby support, while the 1–3 week and 1–3 month views both favour continued gradual declines as long as the pair […]
by Currency Hedger
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- 2 weeks ago
Institutional, OCBC
Singapore Dollar: Rebound seen relatively capped against US Dollar – OCBC
“USD/SGD eased overnight, tracking the pullback in USD and US Treasury yields despite stronger-than-expected US GDP and still-elevated inflation. The mixed market response suggests that conviction on the next leg higher in USD remains limited, although resilient US activity and persistent price pressures may also continue to restrain USD declines.” “We retain a constructive medium-term […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
CommerzBank, Institutional
Thai Baht: BoT cautious on normalisation, downside persists – Commerzbank
Commerzbank’s Charlie Lay reports that the Bank of Thailand kept its policy rate at 1.00%, with the MPC maintaining a hold but signalling a less dovish stance. Authorities highlight financial stability risks from prolonged low rates and see scope for gradual hikes as growth improves, yet expect policy to stay on hold through 2026–2027. USD/THB […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
CommerzBank, Institutional
US Dollar: Stronger growth supports rate hike pricing – Commerzbank
Commerzbank’s Michael Pfister highlights that robust US Gross Domestic Product (GDP) growth of 3.4% annualised in Q3 reinforces the case for a stronger Dollar versus other G10 currencies. Faster US growth gives the Federal Reserve (Fed) more scope to address inflation risks with rate hikes, a key driver of USD outperformance in 2022/23. He stresses […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
ING, Institutional
Euro: ECB December hike expectations support EUR – ING
ING’s Francesco Pesole notes that the European Central Bank (ECB) held rates steady but delivered hawkish signals, with President Christine Lagarde hinting at further tightening and officials reportedly ready to raise rates in December. While Lagarde’s upcoming departure and the choice of her successor pose potential downside risks to the Euro, Pesole sees scope for […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Institutional, Rabobank
Oil: War risks keep prices elevated – Rabobank
Rabobank’s Senior Macro Strategist Bas van Geffen highlights that Oil prices have reached their highest level since April as markets focus on potential renewed escalation in the US-Iran conflict after US midterm elections. Rabobank strategists expect possible US, Israeli and coalition strikes on Iran and the Houthis, with associated attacks on Gulf countries, supporting higher […]
by Currency Hedger
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- 2 weeks ago
Dankse Bank, Institutional
Equities: Tech-led selloff weighs on risk sentiment – Danske Bank
Danske Research Team describes a weak session for global equities, with the S&P 500 down 0.3% and the Stoxx 600 up 0.8% but tech and communications underperforming. Alphabet fell 13% after disappointing earnings, while Amazon and Intel dropped sharply in aftermarket trading. They note AI capex scepticism likely returning and Asian indices opening lower. US […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Institutional, OCBC
British Pound: Higher bar for further gains against US Dollar – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong note that the British Pound (GBP) is underpinned by fiscal discipline, resilient United Kingdom (UK) growth and improved political stability, with the latest Budget preserving headroom under fiscal rules. However, markets already discount an aggressive Bank of England (BoE) tightening path into 2027, so additional GBP upside […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
CommerzBank, Institutional
Japanese Yen: BoJ signals inflation milestone before December decision – Commerzbank
Commerzbank’s Michael Pfister reports that the Bank of Japan (BoJ) left rates unchanged after September’s hike, but delivered a hawkish signal by indicating underlying price pressures have reached the 2% target. A further rate increase in December is seen as increasingly likely and almost fully priced. Any additional hints from Governor Kazuo Ueda could give […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Institutional, UOB
Euro: Rebound extends toward resistance against US Dollar – UOB
United Overseas Bank strategists Quek Ser Leang and Lee Sue highlight a strong EUR/USD rebound after an early New York selloff, shifting their stance from negative to cautiously constructive. The Euro (EUR) is now expected to probe higher resistance levels, with upside contingent on holding nearby supports, while a failure could see the pair revert […]
by Currency Hedger
- 0 Comments
- 2 weeks ago