EUR/USD: Range trade persists with hawkish ECB – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret highlight that the Euro (EUR) is flat versus the US Dollar (USD), with EUR/USD stuck in a range as markets weigh conflict-related inflation…
Gold’s outlook remains neutral-to-bearish amid prolonged US-Iran stalemate and neutral Fed
FUNDAMENTAL OVERVIEWGold extended the losses further as the prolonged US-Iran stalemate and rising tensions in the Strait of Hormuz pushed real yields and the US dollar higher. The precious metal…
USD/JPY: Intervention impact seen fading – ING
ING’s Chris Turner argues that Japanese FX intervention is having diminishing impact on USD/JPY. He notes that high energy prices, rising US yields and a dovish Bank of Japan create…
USDJPY buyers make a play with the break of a key MA. The EURUSD/GBPUSD are steady.
The USDJPY tumbled sharply last week after intervention fears out of Japan surfaced as the pair pushed above the 160.00 level. That warning triggered aggressive selling, driving the price down…
RBA: August hike to 4.60% increasingly likely – TD Securities
TD Securities strategists Prashant Newnaha and Alex Loo highlight that the Reserve Bank of Australia (RBA) raised the cash rate to 4.35% with a dovish message, viewing risks to inflation…
Euro hovers near lows on risk-off markets, with ECB’s Lagarde on tap
The Euro (EUR) trades lower for the third consecutive day against the US Dollar (USD) on Tuesday. The pair trades at 1.1685 as investors' concerns about the resumption of the…
Yen Weakens as Demand for the US Dollar Returns
USD/JPY held near 157.22 on Tuesday following a volatile start to the week. Pressure on the Japanese yen has increased as demand for the US dollar has returned, with investors…
AUD/USD Slips to 20-SMA After RBA Rate Hike
AUD/USD loses ground as RBA meets rate hike expectations. Short-term risk is tilted to the downside. A close below 20-SMA could extend decline. AUD/USD retreated to 0.7134, extending Monday’s losses…
Oil prices stay elevated amid rising tensions in the Strait of Hormuz, US-Iran stalemate
FUNDAMENTAL OVERVIEWOil prices remain in triple digit territory amid the prolonged US-Iran stalemate and rising tensions in the Strait of Hormuz. Yesterday, we got reports and denials about Iran firing…
AUD: RBA’s precautionary hike fails to lift currency – Commerzbank
Commerzbank’s Volkmar Baur notes that the Reserve Bank of Australia (RBA) has raised rates for the third time this year to 4.35%, prioritizing inflation expectations and second‑round risks over softer…
