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Euro: Proactive ECB seen as supportive – Commerzbank
CommerzBank, Institutional
Euro: Proactive ECB seen as supportive – Commerzbank
Michael Pfister at Commerzbank notes that several central banks, including the European Central Bank (ECB), have already raised rates following the inflation shock linked to the Iran conflict. He stresses that markets reward central banks that react proactively rather than label shocks as transitory. For the Euro, he views the ECB’s more forceful stance as a positive […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Institutional, Market Analysis
Dismal German Retail Sales Data. Is the Economy Losing Momentum?
German retail sales disappointed sharply in July, falling 3.4% m/m versus expectations for a 0.4% increase. This was a significant downside surprise, pointing to weaker private consumption. Moreover, Destatis revised the June reading to 0.0% m/m from the previously reported 0.7% decline. The weak data are not encouraging for equities and the valuations of companies […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Institutional, MUFG
Japanese Yen: BoJ hike expectations shape FX – MUFG
Michael Wan at MUFG notes continued dispersion in Asia FX, with USD/JPY trading just below 160. NHK reports US officials urging Japan to raise interest rates, while markets already price a 92% chance of a September Bank of Japan (BoJ) hike. Communication on the full path of rate increases is seen as key for Japanese […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
CHF, USD
Swiss Franc moves little following Real Retail Sales data
USD/CHF appreciates after registering losses in the previous day, trading around 0.8100 during the Asian hours on Tuesday. The pair remains steady despite stronger-than-expected Swiss economic data. July Real Retail Sales expanded by 2.3% year-over-year, outperforming the forecasted 1.3% gain and building on June’s upwardly revised 1.9% growth rate. SVME – Purchasing Managers’ Index will […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
EUR, GBP, Technical Analysis
Euro edges lower against British Pound as Germany’s Retail Sales fall more than expected in July
The EUR/GBP cross loses traction to near 0.8570 during the early European trading hours on Tuesday. The Euro (EUR) edges slightly lower following German Retail Sales data. Traders brace for the preliminary reading of the Eurozone August Harmonized Index of Consumer Prices (HICP), which will be published later on Tuesday. Data released by Destatis on Tuesday showed […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
INR, Technical Analysis, USD
Indian Rupee gets tailwinds from upbeat Q2 GDP, narrowed fiscal deficit
The Indian Rupee (INR) gains sharply against the US Dollar on Tuesday. The USD/INR pair slumps to near 94.80, the lowest level seen in two months, on likely Reserve Bank of India (RBI) intervention, stronger-than-expected Q2 Gross Domestic Product (GDP) data and a narrowed Fiscal Deficit. According to a Reuters report, there has been persistent RBI intervention […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Metals, Technical Analysis
XAG/USD looks for direction above key support at $65.50 area
Silver (XAG/USD) remains practically flat on Tuesday, holding most of Friday’s losses and trading at $66.60 at the time of writing, with price action contained within the previous day’s range. The broader bullish trend from late July lows remains in play, but failure to breach Monday’s high, at $67.47, might increase pressure on a key support […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Institutional, OCBC
Brent Oil: Geopolitics delay supply recovery – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong raise their end-2026 Brent forecast to USD 80/bbl from USD 75/bbl as Middle East supply disruptions prove more prolonged. They note falling inventories, rising transport costs and emerging diesel shortages as key constraints. Brent has traded above USD 90/bbl on escalating US–Iran tensions and persistent risks around […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Deutsche Bank, Institutional
Equities: Geopolitics and yields pressure stocks – Deutsche Bank
Deutsche Bank’s Jim Reid notes that global equities ended August on a softer footing as escalating US-Iran tensions and a hawkish Jackson Hole speech from Fed Chair Warsh weighed on risk sentiment. The S&P 500 and Stoxx 600 declined on Monday, while tech stocks proved relatively resilient as semiconductor shares stabilized. The cautious tone carried into Asian […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Institutional, UOB
British Pound: Downside risk focuses on 1.3480 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note that GBP/USD remains in a short-term range after last week’s sharp drop, with intraday trade expected between 1.3535 and 1.3570. Despite deeply oversold conditions limiting sustained declines, they still see downside risk toward 1.3480 over the next 1–3 weeks, as long as the British […]
by Currency Hedger
- 0 Comments
- 2 weeks ago