OCBC strategists Christopher Wong and Sim Moh Siong note Philippine Peso (PHP) remains under pressure even after a larger-than-expected 50bp Bangko Sentral ng Pilipinas (BSP) hike to 5.50%, reflecting persistent inflation concerns. Higher rates may temper depreciation but are unlikely to fully offset elevated Oil prices, external imbalances and domestic growth worries. OCBC keeps a […]
United Overseas Bank strategists (UOB) Quek Ser Leang and Lee Sue Ann note that USD/SGD was little changed on Thursday, trading in a narrow band as safe-haven flows and Oil gains supported the US Dollar against Asian currencies. Their short-term view sees modest downside within 1.2755–1.2780, while the 1–3 week outlook stays negative toward 1.2750 […]
Global Markets Outlook: Fed, ECB and Bank of Japan Decisions Collide With GDP, Inflation and Big Tech Earnings Global financial markets are entering a pivotal week as investors confront a concentrated series of central bank decisions, major economic releases and corporate earnings. The previous week was challenging for bullish investors, with a sharp equity-market sell-off […]
Oil Market Outlook: Monday’s Trading Focus Brent crude oil enters Monday’s session at a critical technical and fundamental juncture, with the closing reference price of $111.53 per barrel placing the market close to the major resistance zone around $112.50. After rebounding sharply from July’s low near $70, oil has rallied to five-month highs as geopolitical […]
Global Markets Face a Critical Week of Central Bank Decisions, Economic Data and Political Risk Global financial markets are heading into a pivotal week as investors assess monetary policy decisions from the Federal Reserve, European Central Bank and Bank of Japan, alongside decisions from the Bank of Canada, Reserve Bank of New Zealand and other […]
Metals Commodities Market Snapshot The metals market is showing divergent price performance, with lithium carbonate leading the declines while platinum, silver and gold also move lower. On the positive side, aluminum alloy leads the reported gainers, followed by copper and iron ore traded in Chinese yuan. The latest movements point to mixed conditions across precious […]
Foreign Exchange Market Snapshot The foreign exchange market is showing mixed performance, with the Brazilian real leading currency gains while the Polish zloty and Indian rupee face the strongest declines among the currencies listed. The Norwegian krone and Mexican peso are also advancing, while the US dollar index posts a modest increase. The euro, British […]
Energy commodity markets are showing sharply divergent price movements, with natural gas falling 6.08% while crude oil, Brent crude, propane and German natural gas prices advance. Methanol also declined, slipping 0.76%, highlighting the contrasting performance across the energy complex. Crude oil gained 3.99%, while Brent rose 3.30%. Propane advanced 4.04%, and Germany Natural Gas THE […]
Agricultural commodity markets are showing mixed performance, with butter leading the latest declines at 3.59%, followed by coffee, which fell 2.07%, and oats, which lost 1.26%. Gains were more limited, led by barley at 0.76% and sugar at 0.59%. The latest price movements highlight divergent performance across agricultural markets rather than a uniform direction for […]
The Mexican peso has strengthened to around 18.64 per US dollar, reaching its strongest level in nearly a year as improving economic activity, optimism over a potential US-Mexico trade agreement and interest-rate differentials support demand for the currency. Mexico’s Global Indicator of Economic Activity rose 3.5% year-on-year through August, marking its strongest performance since September […]