ECB Preview: And So, The Hiking Begins
We expect the ECB to hike the deposit rate by 25bp to 2.25% on Thursday 11 June in line with consensus and markets. We expect Lagarde to keep full optionality…
EURUSD continues the tumble lower
The EURUSD continues to slide lower after breaking below a key support zone between 1.15768 and 1.15872. That floor had held firm since May 20, with the pair finding support…
Silver Price Forecast: XAG crashes towards 200-day SMA, eyes on $61.00
Silver price tanks and challenges the 200-day Simple Moving Average (SMA) near $67.79, as the white metal registers losses of nearly 8%, poised to end the week down by almost…
AI Rally Stalls on Broadcom Miss, While ‘Sell Indonesia’ Sweeps Markets
Key takeaways The AI-driven equity rally is showing signs of fatigue after Broadcom’s disappointing guidance triggered a sharp selloff in semiconductor and cybersecurity stocks, prompting investors to rotate into more…
Thai Baht: BoT seen holding rates as inflation stays supply-led – UOB
UOB’s Global Economics & Markets Research, led by Enrico Tanuwidjaja and Sathit Talaengsatya, argues that Thailand’s latest Consumer Price Index (CPI) data confirm a cost-push rather than demand-led inflation backdrop.…
US yields rocket as stellar NFP sparks Fed hike bets
US Treasury yields skyrocket across the whole curve on Friday, with the 2-year Treasury note yield rising over twelve basis points, while the benchmark note, the 10-year, surges six basis…
Gold is sinking with the US dollar rising and yields moving higher
Gold is under heavy selling pressure, falling $143, or 3.2%, to $4,333. The sharp decline has pushed the price below its 200-hour moving average for the first time since October…
Sunrise Market Commentary – ActionForex
Markets The stock sell-off that loomed following Broadcom’s earnings (outlook) miss turned out to be more of a sectoral rotation rather than a broad-based slump. The industrial Dow Jones Index…
Asia FX: KRW and IDR face technical strain – OCBC
OCBC’s FX Strategist Sim Moh Siong says softer Oil prices offer only limited relief to Asia FX, with the Korean Won and Indonesian Rupiah still pressured by equity outflows and…
USDJPY volatile above the 160.00. EURUSD tests floor area. GBPUSD new lows for week
The USD is sharply higher following a much stronger-than-expected U.S. employment report. Nonfarm payrolls increased by 172K, well above the 85K forecast, while sizeable upward revisions added another 93K jobs…
