Germany’s 10-year Bund yield edged down to around 3.5% as oil prices fell for a second consecutive session, while investors digested yesterday’s Federal Reserve rate hike. Brent crude is trading around $105 a barrel after Saudi Arabia said it plans to restore roughly half the capacity of its damaged East-West pipeline within days. The Middle […]
Today Markets Analysis Steel rebar futures held above CNY 3,120 per ton on Thursday, remaining close to two-month highs as Chinese steelmakers pledged to curb production and reduce elevated inventories amid sharply deteriorating margins. The move comes as China’s steel industry faces an increasingly difficult operating environment. The China Iron and Steel Association, together with […]
Commerzbank’s India analysis shows the Reserve Bank of India stepping up liquidity absorption via INR1trn of government bond sales and continued VRRR operations, FX swaps and open-market actions. The measures aim to align money-market rates with the 5.25% policy rate. Despite higher short- and intermediate-term yields, USD/INR stayed near 95.96 as RBI intervened to curb volatility. Bond […]
Deutsche Bank analysts highlight that the first Federal Reserve hike since 2023 and a more hawkish dot plot weighed on US equities. The S&P 500 fell to its lowest level since July, with blue-chip names and banks underperforming, although tech indices were more resilient. Overnight, S&P 500 futures reversed prior losses, pointing to a tentative improvement […]
The Indian Rupee (INR) finds some buying interest against the US Dollar in the early session after a weak opening on Thursday. According to a Reuters report, the Indian central bank has likely intervened to limit the decline in the Indian Rupee. The report also showed that traders said the state-run banks were spotted offering […]
The Bank of England: to hike, or not to hike? The Bank of England is expected to hold rates steady when it meets later today. The base rate is expected to remain at 3.75%, and the BOE is expected to be the only major central bank not to hike interest rates this month. So, why […]
The Euro (EUR) ticks lower against the British Pound (GBP) on Thursday, with investors awaiting the Bank of England’s (BoE) monetary policy decision, due later in the day. The EUR/GBP pair hovers just above 0.8560 at the European session opening times, as the previous two days’ recovery attempt from the 0.8550 area found sellers at 0.8580. The BoE is expected […]
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann report GBP/USD plunged to 1.3375 and closed at 1.3380, a move seen as excessive but still pointing to further downside. Intraday, they see scope for a test of 1.3350 while holding above 1.3300, and over 1-3 weeks expect continued weakness toward 1.3350 with possible extension […]
USD/CHF inches lower after reaching nearly 16-month highs the previous day, trading around 0.8250 during the Asian hours on Thursday. However, the pair may rebound its ground as the US Dollar (USD) may appreciate further due to the potential for further policy tightening by the Federal Reserve (Fed). The Greenback remains on a firm footing […]
The Bank of England (BoE) is set to reveal its latest monetary policy decision on Thursday, coinciding with its sixth rate-setting meeting of 2026. Market analysts expect the central bank to keep its benchmark interest rate steady at 3.75%, which should be its sixth hold in a row following December’s 25-bps rate cut. The Monetary […]