Institutional
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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- 3 weeks 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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- 3 weeks 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
- 0 Comments
- 3 weeks 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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- 3 weeks ago
ING, Institutional
Brent: Prices hold near $100 as Gulf risks persist – ING
ING analysts Warren Patterson and Ewa Manthey note that ICE Brent is still finding support around the $100/bbl level as geopolitical risks in the Persian Gulf outweigh an improving supply backdrop. They highlight recent attacks on Saudi infrastructure, adjustments in Kuwait and Saudi output and pricing, and lingering vulnerability in European natural gas storage ahead […]
by Currency Hedger
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- 3 weeks ago
Institutional, UOB
Euro: Downtrend slows but further lows possible against US Dollar – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note that EUR/USD briefly broke below 1.1180 to a 17‑month low before rebounding to close around 1.1220. Intraday, they expect consolidation inside a defined range. Over the coming 1–3 weeks, they retain a negative Euro bias, warning that while momentum is slowing, a […]
by Currency Hedger
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- 3 weeks ago
Institutional, UOB
Singapore Dollar: Range trade holds against US Dollar – UOB
United Overseas Bank (UOB) strategist Quek Ser Leang notes USD/SGD slipped to 1.2781 on Friday, with the SGD NEER staying well above its midpoint. For the intraday session, he expects the pair to hold within 1.2768–1.2832, aligning with technical levels at 1.2775/1.2815. On a 1–3 week and 1–3 month horizon, he still sees scope for […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
Institutional, OCBC
Euro: Fragmentation fears weigh on EUR – OCBC
OCBC’s Christopher Wong notes that widening Eurozone bond spreads and fragmentation concerns are tightening financial conditions and putting renewed pressure on the Euro. EUR/USD has fallen to its weakest level since May 2025, and while the Dollar could extend gains if French-German spreads stay wide, the ECB’s anti-fragmentation tools are expected to limit systemic stress. […]
by Currency Hedger
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- 3 weeks ago
Institutional, Societe Generale
Oil: Crude forecasts signal inflation surprises ahead – Societe Generale
Societe Generale’s analysts use their Brent, West Texas Intermediate (WTI) and Diesel price forecasts to derive forward-looking inflation surprises for the US and Eurozone. By linking spreads, inventories and refining cracks, they construct 12‑month crude and Diesel paths and show that, if these are accurate, Consumer Price Index (CPI) surprises can be estimated well ahead […]
by Currency Hedger
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- 3 weeks ago
Institutional, MUFG
European Central Bank: Contagion risk reshapes rate expectations – MUFG
MUFG’s Lee Hardman notes that unwanted tightening in Euro-zone financial conditions is prompting markets to pare back expectations for further ECB rate hikes. Pricing has shifted closer to MUFG’s forecast of two additional moves, which may still be too aggressive if fragmentation risks intensify, while speculation grows that the ECB could slow QT or activate […]
by Currency Hedger
- 0 Comments
- 3 weeks ago