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Today Markets Analysis: Silver prices recovered more than 1% from their two-day lows on Friday, but the rebound has yet to change the short-term technical picture. XAG/USD remains below the key $64.10โ$64.15 head-and-shoulders neckline, leaving sellers in control while momentum indicators continue to favour the downside. Silver Rebounds, but Neckline Remains a Barrier Silver traded […]
Today Markets Analysis: USD/CHF extended its rebound on Friday, climbing more than 0.40% as stronger-than-expected US inflation data, following Thursdayโs firmer producer-price figures, prompted markets to reassess expectations for the Federal Reserveโs 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 […]
DBS Group Research expects Taiwanโs central bank to keep its policy rate unchanged on September 17, before raising it to 2.125% in December. Analysts Taimur Baig and Chang Wei Liang highlight subdued August CPI, but anticipate a somewhat hawkish tone as the CBC remains vigilant on supplyโside inflation risks, higher wages and recovering domestic consumption. […]
Today Markets Analysis: WTI crude oil fell sharply before recovering part of its losses as reports of diplomatic efforts surrounding the Strait of Hormuz reduced some of the immediate supply-risk premium in oil markets. However, severely depleted global inventories, disrupted Gulf production and elevated freight costs continue to provide an important floor beneath prices. WTI […]
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 […]
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann reports that USD/CNH has bounced sharply to 6.7153, with intraday gains likely capped near 6.7200. The bankโs earlier negative stance has softened as downward momentum fades, and over the next one to three weeks, it now expects the pair to edge higher within […]
ING analysts Chris Turner and Padhraic Garvey argue the Bank of Japan is likely to hike 25bp to 1.25% and then proceed cautiously. They see government resistance to aggressive tightening and project two additional 25bp hikes in January and April, taking the policy rate to 1.75%, which they view as nearโneutral ahead of a temporary […]
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 […]
