Navigating Oil Price Volatility as Hormuz Talks Stall
Energies, Market Analysis, Technical Analysis
Navigating Oil Price Volatility as Hormuz Talks Stall
Crude oil has climbed back above $93 per barrel as uncertainty surrounding the Strait of Hormuz increases the risk that the restoration of major oil flows through the waterway could take longer than previously expected. The latest move follows the rejection of Iran’s proposal to reopen the strait, while Tehran says it is still waiting […]
by Currency Hedger
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- 1 month ago
Institutional, Market Analysis
TNOTE falls to its lowest level since 2007
U.S. 10-year Treasury futures plunge as US yields surge T he selloff in the U.S. Treasury market has deepened significantly, pushing yields to their highest levels in nearly two decades and driving a sharp decline in U.S. 10-year Treasury futures (TNOTE ). The pressure began with rising oil prices, which revived concerns about persistent inflation […]
by Currency Hedger
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- 1 month ago
Institutional, Societe Generale
South Korean Won: Export strength supports KRW – Societe Generale
Societe Generale notes the Korean Won has been one of Asia’s standout performers, with USD/KRW slipping from around 1,390 to 1,360 as local exporters sold Dollars ahead of the Chuseok holiday. The bank highlights a supportive backdrop, citing South Korea’s strong export engine and a sharp early-September surge in exports, driven by AI-related shipments alongside […]
by Currency Hedger
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- 1 month ago
Institutional, UOB
Chinese Yuan: Consolidation with downside risk toward 6.7330 – UOB
UOB’s Quek Ser Leang and Lee Sue Ann describe USD/CNH as consolidating after a move to 6.7200, with momentum slowing in the very near term. For the coming days and weeks, they see the pair likely trading between 6.7120 and 6.7220, while a rapid build-up in momentum suggests potential gains toward 6.7250 and major resistance […]
by Currency Hedger
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- 1 month ago
ING, Institutional
South Korean Won: Trade surplus seen widening – ING
ING’s Asia-Pacific research notes that South Korea’s upcoming data should show stronger industrial production and a widening trade surplus, even as export and import growth moderates. Technology and semiconductor exports are expected to underpin the surplus. At the same time, headline CPI is forecast to ease slightly, with core inflation decelerating more sharply, pointing to […]
by Currency Hedger
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- 1 month ago
Institutional, Societe Generale
Chinese Yuan: PBoC keeps yuan broadly stable – Societe Generale
Societe Generale describes a limited impact from President Xi’s US visit, with no new tariff cuts or AI dialogue mechanism agreed as the trade truce was only extended to January. USD/CNY rebounded after briefly dipping below 6.70, helped by higher US Treasury yields and a modest easing of PBoC control, while the central bank reiterated […]
by Currency Hedger
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- 1 month ago
Institutional, UOB
Singapore Dollar: Consolidation near lows against US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann note USD/SGD held steady around 1.2800 after Wednesday’s surge, with the Singapore Dollar (SGD) supported by expectations of further MAS tightening. Their Singapore Dollar (SGD) Nominal Effective Exchange Rate (NEER) model sits 1.76% above the mid-point, implying a USD/SGD range of 1.2764–1.2828 today, while renewed Dollar momentum […]
by Currency Hedger
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- 1 month ago
ECB’s Vujcic warns energy shock could keep inflation hot
European Central Bank (ECB) Vice President Boris Vujcic said on Friday that the ECB started a tightening cycle and sees a “risk of higher for longer energy prices.” He added that diesel prices will stay high for a long time, feeding into inflation. Key highlights: We have started a tightening cycle See risk of higher […]
by Currency Hedger
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- 1 month ago
Institutional, OCBC
Asian FX: Higher yields and Oil weigh – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong report that Asian FX traded broadly softer as higher Oil prices and rising US Treasury yields hurt risk sentiment, with Indonesian Rupiah (IDR) underperforming and Philippine Peso (PHP), Indian Rupee (INR) and Thai Baht (THB) also weaker. Renminbi (RMB) momentum faded as People’s Bank of China’s (PBoC) […]
by Currency Hedger
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- 1 month ago
Fed’s Hammack warns inflation mindset is the biggest risk
The Cleveland Federal Reserve (Fed) President Beth Hammack said on Friday that “the biggest risk with inflation is the formation of an inflationary mindset”, in a panel discussion hosted by the Cleveland Fed, with Vujcic, the Vice President of the European Central Bank (ECB), and Bank of Mexico’s (Banxico) Deputy Governor Jonathan Heath. Hammack reiterated […]
by Currency Hedger
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- 1 month ago