South Korea: Hawkish BoK tilt supports Won – ING
ING economists Min Joo Kang and Lynn Song expect the Bank of Korea to leave policy rates unchanged this week but to adopt a more hawkish tone. They see updated…
US Senate advances war powers vote to curb Iran strikes without Congress (doesn’t matter)
The US Senate voted 50-47 to advance a war powers measure that would require Congressional approval before further strikes on Iran, with four Republican senators breaking ranks to support the…
Weekly Focus – The Fed on Course for Rate Hikes
This week we adjusted our Fed call and expect the next policy changes to be hikes rather than cuts, see Fed update. We look for 25bp rate hikes in December…
Japanese Yen weakens as stronger US Dollar and elevated energy prices weigh on sentiment
USD/JPY holds firm on Friday, remaining confined within this week’s trading range as traders refrain from placing aggressive bullish bets near the 160.00 handle following suspected intervention by Japanese authorities…
Japanese Yen: Tokyo CPI and intervention data watched – Deutsche Bank
Deutsche Bank analysts expect Japan’s Tokyo Consumer Price Index (CPI) to show a slight acceleration, with core CPI ex fresh food seen at 1.6% YoY and core-core at 2.0%. Industrial…
EURUSD could not extend above the 100 hour MA. Sellers reverse lower and to a new low
The EURUSD attempted to move higher during the North American session, with the rally extending toward the 100-hour moving average, but sellers once again leaned against that key technical level…
Week Ahead: US PCE Inflation in Focus Amid Middle East Uncertainty, RBNZ Decides on Rates
Middle East developments keep the Dollar range bound. But Fed rate hike bets remain elevated ahead of key US PCE data. RBNZ decision and Australia CPI data to test steep…
LatAm: Energy-led rotation and AI shift – BNY
BNY’s Bob Savage highlights that South American equities are being driven by commodity inflows, with energy holdings sharply above historical averages as investors use the region as a hedge against…
Sunset Market Commentary – ActionForex
Markets EMU and to a lesser extent US PMI’s confirmed the feared-for stagflationary tendencies as the fall-out of the conflict in the Middle East unsettles multiple supply chains and triggers…
The USD is marginallyhigher to start the new trading day
The USD is higher and cautious to start the US session. The US/Iran war remains a chief focus. Today brought cautious but fragile signals of movement in US-Iran negotiations. Secretary…
