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Brown Brothers Harrimanโs (BBH) Elias Haddad notes the Australian Dollar (AUD) largely ignored the Reserve Bank of Australia’s (RBA) August Minutes, which reiterated Governor Michele Bullockโs warning that another rate hike is quite possible. Futures imply around 60% odds of a final 25 bps hike to 4.60% by year-end. Haddad sees risks skewed toward an […]
Rabobank’s Senior FX Strategist Jane Foley discusses the British Pound’s (GBP) recent performance, noting it is currently the top G10 currency on a 1โday view but only middling over longer horizons. Foley expects EUR/GBP to trade in a range over the coming weeks, with a mild upside bias later in the year as fiscal realism […]
INGโs Francesco Pesole highlights escalating US-Canada trade tensions, with new US tariffs on Canadian autos and parts announced for early next year. He notes both sides remain entrenched in conflict territory and argues the recent rebound in USD/CAD has room to extend beyond 1.390, as trade risks and broader Dollar dynamics continue to influence the […]
United Overseas Bankโs (UOB) Quek Ser Leang and Lee Sue Ann describe USD/JPY as locked in a range-trading phase, with a slightly firmer tone keeping the pair in a higher intraday band of 158.80โ159.45. Their 1โ3 week view is now neutral after earlier downside bias faded, and they expect the pair to oscillate between 157.90 […]
Facts: DE40 broke above the resistance at 26225 German index is trading in a long-term upward trend Recommendation: Trade: Long DE40 at market price Target: 26580 Stop loss: 26130 Opinion: DE40 has been trading in a downward correction move recently. However, taking a look at the H1 internal, we can see that the price bounced […]
Market Situation During today’s session on the commodities market, slight declines prevail, with the average decrease amounting to -0.26% and only 7 out of 26 assets rising. The growth leaders remain agricultural commodities and European natural gas, which has gained over 8% this week. Precious metals are undergoing a correction today, including platinum (-1.67%) and […]
Tuesdayโs EURUSD session is seeing the dollar strengthen slightly, but the situation in the foreign exchange market remains much more complicated than it was just a few days ago. The euro-dollar pair has pulled back from around 1.17, but a number of developments are emerging in the background that could have a much greater impact […]
Iron ore futures rose toward CNY 720 per ton, moving further away from 14-month lows on hopes for stronger demand in top consumer China ahead of the September peak construction season, while Beijing signaled fresh policy support. Markets are anticipating restocking ahead of the seasonal peak in steel demand as construction activity picks up before […]
US natural gas prices fell to around $2.74/MMBtu on Tuesday, retreating after a two-day advance as strong production, ample inventories, and weaker LNG feedgas demand weighed on the market. Output in the Lower 48 states averaged a record 111.5 bcfd in August so far, up from 110.7 bcfd in July, adding to supply pressure as […]
AUD/USD gains ground after registering modest losses in the previous day, trading around 0.7150 during the Asian hours on Tuesday. The Reserve Bank of Australia (RBA) released the Minutes from its July monetary policy Meeting on Tuesday, signaling that the Board remains prepared to hike interest rates should upside inflation risks materialize. While several members expressed concern that […]
