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The Euro (EUR) ticks lower against the British Pound (GBP) on Thursday, with investors awaiting the Bank of Englandโs (BoE) monetary policy decision, due later in the day. The EUR/GBP pair hovers just above 0.8560 at the European session opening times, as the previous two days’ recovery attempt from the 0.8550 area found sellers at 0.8580. The BoE is expected […]
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann report GBP/USD plunged to 1.3375 and closed at 1.3380, a move seen as excessive but still pointing to further downside. Intraday, they see scope for a test of 1.3350 while holding above 1.3300, and over 1-3 weeks expect continued weakness toward 1.3350 with possible extension […]
USD/CHF inches lower after reaching nearly 16-month highs the previous day, trading around 0.8250 during the Asian hours on Thursday. However, the pair may rebound its ground as the US Dollar (USD) may appreciate further due to the potential for further policy tightening by the Federal Reserve (Fed). The Greenback remains on a firm footing […]
The Bank of England (BoE) is set to reveal its latest monetary policy decision on Thursday, coinciding with its sixth rate-setting meeting of 2026. Market analysts expect the central bank to keep its benchmark interest rate steady at 3.75%, which should be its sixth hold in a row following Decemberโs 25-bps rate cut. The Monetary […]
The EUR/USD pair trades on a flat note around 1.1465 during the early European trading hours on Thursday. Traders continue to assess the latest interest rate hike decision by the US Federal Reserve (Fed). The US Initial Jobless Claims report is due later on Thursday. The Fed raised the interest rates by a quarter-percentage point at its September meeting on […]
Today Markets Analysis The South Korean won weakened toward 1,380 per U.S. dollar, hitting a three-week low as a fresh Federal Reserve rate hike, hawkish U.S. monetary guidance and continued foreign selling of Korean assets combined to increase demand for the dollar. The move puts USD/KRW firmly back in focus as traders reassess the interest-rate […]
Today Markets Analysis Copper futures climbed to around $6.45 per pound on Thursday, extending gains for a third consecutive session as the broader metals complex rebounded after the Federal Reserve delivered its widely anticipated interest-rate increase. The rally comes despite a more complicated macro backdrop. The Fed raised rates by 25 basis points and signalled […]
The Indonesian rupiah slipped toward IDR 17,750 per U.S. dollar on Thursday, extending its losing streak to six sessions as the dollar index climbed to a seven-week high after the U.S. Fed raised rates for the first time in three years and signaled it might tighten further this year to curb sticky inflation. Locally, attention […]
Today Markets Analysis The offshore yuan edged higher toward 6.70 per US dollar on Thursday, extending a period of relative strength as China expands the infrastructure supporting direct yuan-based foreign-exchange trading. The move comes as the Shanghai Clearing House expands central-counterparty clearing for spot transactions involving the Singapore dollar, New Zealand dollar and Thai baht, […]
Today Markets Analysis J.B. Hunt Transport Services (NASDAQ: JBHT) shares plunged around 13% on September 16 after CFO Brad Delco warned that third-quarter earnings could decline 5% to 10% from the second quarter. The warning exposed a much broader problem emerging across the U.S. transportation industry: fuel, labour and financing costs are rising faster than […]
