Today Markets Analysis: Gold prices struggled near $4,300 an ounce on Monday after falling for three consecutive weeks, as a sharp rise in oil prices strengthened expectations for tighter US monetary policy and reduced the appeal of non-yielding bullion. The latest pressure on gold comes from a combination of higher energy prices, persistent inflation and […]
Today Markets Analysis: The Australian dollar has fallen to around $0.71, extending last week’s decline and reaching its lowest level in almost two weeks. A stronger US dollar following hotter-than-expected US inflation has increased expectations for Federal Reserve rate hikes, while rising oil prices and renewed hawkish signals from the Reserve Bank of Australia are […]
Today Markets Analysis: The New Zealand dollar slipped towards $0.579, hovering near its lowest level in more than six weeks, as a stronger US dollar and elevated US inflation increased expectations for tighter Federal Reserve policy. The NZD is now facing a combination of US dollar strength, weaker domestic growth expectations and a cautious Reserve […]
Today Markets Analysis: The past week leaves financial markets facing a potentially significant increase in volatility as investors prepare for an unusually concentrated run of central-bank decisions. Oil prices surge more than 8% over five sessions, Brent remains above $104 per barrel, and persistent supply disruptions and attacks on energy infrastructure keep inflation risks elevated. […]
Today Markets Analysis: Silver enters Monday’s session with precious metals supported by a combination of persistent inflation concerns, elevated US Treasury yields and growing uncertainty around the Federal Reserve’s September policy decision. Markets are currently pricing an approximately 88% probability of a rate hike, making the decision itself increasingly well anticipated. The bigger question for […]
Today Markets Analysis: USD/CHF extended its rebound on Friday, climbing more than 0.40% as stronger-than-expected US inflation data, following Thursday’s firmer producer-price figures, prompted markets to reassess expectations for the Federal Reserve’s next policy decision. The pair broke above the September high at 0.8156, strengthening the near-term bullish technical outlook. USD/CHF Gains as US Inflation […]
Today Markets Analysis: USD/CNH has rebounded sharply after briefly testing below 6.7050, with the recovery signalling that bearish momentum is beginning to fade. United Overseas Bank now sees a modest upside bias over the next one to three weeks, although gains are expected to remain contained within a defined technical range. USD/CNH Rebounds Sharply USD/CNH […]
Today Markets Analysis: USD/SGD has staged a sharp rebound, with short-term momentum turning higher after the pair broke above previous resistance. However, the Singapore dollar remains supported by a relatively firm Nominal Effective Exchange Rate (NEER), while the 1.2705 area represents a significant technical barrier for further US dollar gains. USD/SGD Momentum Turns Higher USD/SGD […]
Today Markets Analysis: AUD/USD finished Friday higher but remained under pressure on a weekly basis as expectations of tighter Federal Reserve policy supported the US dollar. The pair closed around 0.7171, up 0.38% on the session but down approximately 0.45% for the week. Despite the broader weekly decline, technical momentum remains constructive and leaves scope […]
Today Markets Analysis: US inflation accelerated in August as gasoline prices surged, while core inflation also came in above expectations. The combination of renewed energy-price pressure and persistent underlying inflation has strengthened expectations for tighter Federal Reserve policy, pushing Treasury yields higher and weighing on the economic outlook even as US equity futures found some […]