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 policy concerns. He argues KRW fundamentals remain strong but are overshadowed by technical equity flows, while Bank Indonesia (BI) has reportedly stepped up FX intervention […]
European stocks mostly lower amid ongoing Mideast tensions, AI trade pause
European stocks mostly lower amid ongoing Mideast tensions, AI trade pause Source link
Gold (XAUUSD) Price Forecast: Bearish Gold Market Faces NFP Reality Check – FXEmpire
Gold (XAUUSD) Price Forecast: Bearish Gold Market Faces NFP Reality Check FXEmpire Source link
Credibility costs 25bps – TD Securities
TD Securities’ Global Strategy Team expects the ECB to raise the deposit rate to 2.25% in response to persistently high energy prices. They argue this move is aimed at reinforcing the ECB’s inflation-fighting credibility and anchoring expectations, while policymakers maintain a data-dependent, meeting-by-meeting stance and preserve flexibility for future decisions based on updated projections. ECB […]
Anthropic urges AI labs to pause development, warns humans risk losing control
Anthropic urges AI labs to pause development, warns humans risk losing control Source link
Gold Price Forecast: XAU/USD keeps testing 200-day SMA ahead of the key US NFP data – FXStreet
Gold Price Forecast: XAU/USD keeps testing 200-day SMA ahead of the key US NFP data FXStreet Source link
Eases to near 114.00, but maintains bullish structure above 100-day SMA
The AUD/JPY cross loses traction to around 114.00 during the early European session on Friday. Fears of currency intervention from Japanese authorities provide some support to the Japanese Yen (JPY) against the Australian Dollar (AUD). Japan’s Finance Minister Satsuki Katayama said on Friday that the authorities are always ready to react suitably as needed on foreign exchange. On […]
Trump lawyers refuse to reveal financial information to BBC in $10 billion lawsuit, FT reports
Trump lawyers refuse to reveal financial information to BBC in $10 billion lawsuit, FT reports Source link
XAU/USD Analysis today 02/06: What Lies Ahead? (chart) – DailyForex
XAU/USD Analysis today 02/06: What Lies Ahead? (chart) DailyForex Source link
British Pound Sterling leans on hikes its economy can’t justify
Sterling is standing on a bet that gets harder to justify by the week. Markets still lean toward Bank of England (BoE) rate hikes this year, even as the economy beneath the Pound flashes contraction rather than the overheating that would normally warrant tighter policy. The Pound is holding up, but it is holding up […]
