Steel Pulls Back on Demand Uncertainty
Metals
Steel Pulls Back on Demand Uncertainty
Steel rebar futures fell to around CNY 3,100 per ton in early September, pulling back from multi-month highs as surging oil prices heightened inflationary risks and reinforced expectations of imminent interest rate hikes, weighing on the demand outlook. Higher rates could eventually slow global economic growth, dampening demand for industrial metals. Meanwhile, steel prices rallied […]
by Currency Hedger
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- 2 months ago
BNY, Institutional
Japanese Yen: Intervention risk may revive tactical longs – BNY
BNY’s Geoff Yu says JPY selling has largely run its course, while USD/JPY’s return toward 160 keeps intervention risk firmly in focus. The bank notes that positioning has not yet turned decisively long JPY, but sees scope for tactical yen buying to re-emerge if markets again anticipate official intervention. Intervention risk anchors USD/JPY levels “Exposures […]
by Currency Hedger
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- 2 months ago
Deutsche Bank, Institutional
Equities: Global stocks extend declines as yields rise – Deutsche Bank
Deutsche Bank’s Jim Reid notes that rising nominal and real yields pressured global equities, with US and European stocks falling and losses extending across Asia. US technology shares underperformed, while European declines were more moderate. Futures for major US and European indices also pointed to continued weakness. Global indices under broad pressure “Meanwhile in the US, […]
by Currency Hedger
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- 2 months ago
ING, Institutional
Brent: Geopolitical risk keeps cracks elevated – ING
ING analysts Warren Patterson and Ewa Manthey note Brent has pushed back above $95/bbl as escalating Persian Gulf tensions revive supply risk and a geopolitical premium. They highlight record ICE gasoil cracks, extreme backwardation and ongoing disruptions to Middle East and Russian diesel exports. ING expects middle distillate cracks to stay highly elevated and volatile […]
by Currency Hedger
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- 2 months ago
Institutional, Technical Analysis
RBNZ raises interest rates again, yet NZD falls after the decision
The Reserve Bank of New Zealand raised the Official Cash Rate (OCR) by 25 basis points to 2.75% on Wednesday. Annual CPI inflation accelerated to 4.1% in Q2 , largely due to higher fuel prices linked to the conflict in the Middle East. However, the RBNZ emphasized that underlying inflationary pressures remain considerably weaker. Excluding […]
by Currency Hedger
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- 2 months ago
CommerzBank, Institutional
US Dollar: August inflation key to September Fed decision – Commerzbank
Antje Praefcke at Commerzbank highlights that markets now price nearly a 70% chance of a September Fed hike after Chair Kevin Warsh’s hawkish speech, but stresses upcoming US inflation data will be decisive. She downplays the jobs report as a linchpin and questions how long the Dollar can benefit from a potential rate hike amid renewed political […]
by Currency Hedger
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- 2 months ago
Institutional, UOB
British Pound: Downside risk toward 1.3480 against US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann note GBP/USD broke below its anticipated intraday range, dropping to 1.3507 as downside momentum starts to build. Intraday, they expect a bearish bias with potential tests of 1.3500 and the major 1.3480 support, provided prices stay below 1.3545. Over one to three weeks, they keep a downside risk focus, […]
by Currency Hedger
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- 2 months ago
Dankse Bank, Institutional
Euro: Pressured as ECB hike looms – Danske Bank
Danske Research Team notes that EUR/USD slipped below 1.1600 as the US Dollar strengthened on a hawkish Federal Reserve stance and geopolitical tensions. The team highlights that Euro area inflation has moved back above 3%, reinforcing expectations for a September ECB rate hike. Manufacturing data show a rebound led by Germany, while unemployment remains historically […]
by Currency Hedger
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- 2 months ago
Energies, Technical Analysis
WTI declines to near $89.00 despite US-Iran tensions
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $89.10 during the early European trading hours on Wednesday. WTI declines as traders take some profits. However, the potential downside of black gold might be limited amid ongoing tensions in the Middle East. Iran’s Islamic Revolutionary Guard Corps (IRGC) claimed it has launched a “heavy” ballistic missile attack on […]
by Currency Hedger
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- 2 months ago
CAD, USD
Canadian Dollar hits fresh two-week lows amid higher yields, Fed hiking bets
The Canadian Dollar (CAD) depreciates against the US Dollar (USD) for the second consecutive day on Wednesday, weighed by growing risk aversion as global yields rise to multi-year highs and with expectations of an immediate Federal Reserve (Fed) rate hike providing additional support to the Greenback. The USD/CAD pair has reached fresh two-week highs above 1.3920 ahead of the […]
by Currency Hedger
- 0 Comments
- 2 months ago