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DBS Group strategists Taimur Baig and Nathan Chow expect Indiaโs 1QFY27 Gross Domestic Product (GDP) to confirm that the economy has weathered geopolitical disruptions better than initially feared. They note stronger consumption gauges, improving production, and ongoing support from services and exports, even as muted wealth effects, soft fuel demand and higher energy costs weigh […]
Gold (XAU/USD) extends its gains for the second successive day, trading around $4,610 during the European hours on Friday. The price of the precious metal is remaining within the ascending channel pattern, suggesting a persistent bullish bias. The XAU/USD pair is retaining a constructive bullish bias as spot holds above both the nine-period and 50-period Exponential […]
OCBCโs Christopher Wong describes Silver as constructive with room for participation to build, as ETF holdings and managed-money positioning rise from light levels. Technical bias is mildly bullish, but momentum is fading near the 70.60โ72 resistance band. A decisive break higher, likely requiring softer yields and a weaker Dollar, could open a move towards 80.30. Mildly bullish […]
The Euro (EUR) nurses moderate losses against the British Pound (GBP), with price action contained within the previous day’s range and market volatility muted, as investors brace for Federal Reserve Chairman Kevin Warshโs speech at Jackson Hole. The EUR/GBP pair has pulled back to levels near 0.8570 from Thursdayโs highs right below 0.8580, with the weekly chart showing marginal gains. […]
Commerzbankโs Volkmar Baur notes the US Dollar has stabilized after last weekโs setback, with Kevin Warshโs Jackson Hole speech seen as the next key test. Baur expects little in terms of forward guidance on a September rate hike but highlights potential discussion of changing the Fedโs inflation measure away from the PCE deflator, which could […]
Deutsche Bank strategists note thatย EUR/USDย traded at 1.165 as markets await Fed Chair Warshโs Jackson Hole speech, which could shift expectations for the September Fed meeting. They highlight that market pricing still assigns a 35% probability to a hike, and recent Fed commentary shows a divide on how restrictive policy should be. Jackson Hole and divided […]
United Overseas Bankโs (UOB) Quek Ser Leang and Lee Sue Ann note USD/JPY held in a narrow band around 159.35, with a slight uptick in upward momentum. They expect this to translate into trading between 159.15 and 159.65 rather than a sustained advance. Over the coming weeks, they maintain a neutral stance, looking for range-bound […]
TD Securitiesโ FX strategist Howard Du maintains a bearish New Zealand Dollar (NZD) bias, noting that Reserve Bank of New Zealand (RBNZ) tightening is largely priced and NZD positioning has normalized. They expect AUD/NZD to remain supported above 1.20 with a 1.22 year-end forecast, and see a high bar for NZD/USD to sustain gains above […]
The Swiss Franc (CHF) trades marginally lower against a somewhat firmer US Dollar (USD) on Friday, with market volatility subdued as investors await the speech of the Federal Reserve (Fed) Chairman, Kevin Warsh, at the Jackson Hole Symposium, due later on the day. The USD/CHF pair trades practically flat just below 0.8750, on track for a 0.45% […]
Natural gas prices are gaining due to concerns about supplies to Europe and high temperatures in the USA. Natural gas prices on both sides of the Atlantic are recording dynamic increases, although they are driven by different fundamental dynamics. While the American market is reacting to the current heatwave, the Old Continent is struggling with […]
