Institutional
Institutional, Societe Generale
British Pound: Budget relief and BoE support for Sterling – Societe Generale
Societe Generale analysts see scope for a relief rally in GBP/USD following the UK Budget and ahead of a potentially hawkish Bank of England hike. They argue the UK is on track for the fastest fiscal consolidation in the G7, which could eventually support Gilts and Sterling. Key cable levels are identified at 1.3250 support […]
by Currency Hedger
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- 2 weeks ago
Institutional, MUFG
US Dollar: Fed caution cools upside – MUFG
MUFG’s Lee Hardman notes the US Dollar is trading modestly weaker after the FOMC left rates unchanged but signalled more caution on further hikes. Despite two hawkish dissenters, the overall tone and recognition of tighter financial conditions support MUFG’s view of only one more Fed hike. However, the Dollar still benefits from higher energy prices […]
by Currency Hedger
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- 2 weeks ago
Institutional, Rabobank
Euro: Political risks cap recovery against US Dollar – Rabobank
Rabobank’s Senior FX StrategistJane Foley discusses EUR/USD, noting that the European Central Bank (ECB) is expected to keep rates unchanged, with another hike likely in December. Foley highlights widening French OAT–Bund spreads, easing ECB hike expectations, and rising far-right political risks in France and Germany as key factors keeping the Euro and EUR/USD under pressure, […]
by Currency Hedger
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- 2 weeks ago
ING, Institutional
CEE FX: Gas-driven downside risks persist – ING
ING’s Frantisek Taborsky notes the Czech National Bank is likely to deliver a 25bp hike to 4.00%, but stresses that CEE markets are primarily driven by energy prices. While a softer EUR/USD and firmer equities may offer short-term support to CEE currencies, surging TTF gas prices above €100 underpin ING’s bearish medium-term outlook for regional […]
by Currency Hedger
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- 2 weeks ago
Deutsche Bank, Institutional
Equities: Tech earnings weigh on US futures – Deutsche Bank
Deutsche Bank strategists highlight pressure on US equity futures as disappointing results from Alphabet and Samsung overshadow Microsoft’s strong cloud performance. They note broader weakness across Asian markets, while European equities struggle for direction amid rising energy prices. Upcoming earnings from Amazon and Intel remain in focus. Tech earnings disappoint as Nasdaq futures retreat “Alphabet’s […]
by Currency Hedger
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- 2 weeks ago
DBS, Institutional
US Dollar: Fed hawkish hold fails to extend gains – DBS
DBS Group Research economist Philip Wee notes that the Federal Reserve’s hawkish pause did not sustain the Dollar’s rally, even as US Treasury yields rose. He highlights Kevin Warsh’s cautious tone on future hikes and the importance of upcoming PCE inflation and 3Q26 GDP data. Wee argues resilient growth with easing underlying inflation could challenge […]
by Currency Hedger
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- 2 weeks ago
ING, Institutional
Euro: ECB tone watched on France – ING
ING’s Francesco Pesole expects the European Central Bank to keep rates unchanged and does not see French bond market stress as sufficient to trigger a dovish pivot, given high Oil and gas prices. Markets price some chance of a December hike, but ING anticipates a cautious communication. The bank sees EUR/USD holding above 1.110, with […]
by Currency Hedger
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- 2 weeks ago
CommerzBank, Institutional
Indian Rupee: Range holds against US Dollar as RBI stays hawkish – Commerzbank
Commerzbank strategists Dr. Henry Hao and Charlie Lay note that USD/INR rose slightly but continues to trade comfortably within the 94–97 range seen over the past six months. They highlight resilient Indian industrial production and a hawkish Reserve Bank of India (RBI) stance, while warning that elevated Oil prices remain a near-term headwind for the […]
by Currency Hedger
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- 2 weeks ago
Institutional, UOB
Japanese Yen: Range trading persists against US Dollar – UOB
UOB strategists Quek Ser Leang and Lee Sue Ann note that USD/JPY price action has been volatile but ultimately little changed, with the pair closing near 157.82. Their short-term view is for USD/JPY to stay confined within tight intraday ranges, while over the 1–3 week horizon they expect the Dollar to trade between 157.00 and […]
by Currency Hedger
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- 2 weeks ago
Dankse Bank, Institutional
Equities: AI trade holds gains after hyperscaler earnings – Danske Bank
Danske Bank strategists note that Equities advanced on Wednesday, with the S&P 500 and Stoxx 600 higher as the AI trade rebounded for a third session. Alphabet and Microsoft’s after-hours results delivered a mixed picture for AI-related revenues and capex. They highlight that unchanged capex guidance may limit further earnings revision rallies in the broader […]
by Currency Hedger
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- 2 weeks ago