Rebound needs softer Oil and data – OCBC

Rebound needs softer Oil and data – OCBC

OCBC’s Sim Moh Siong and Christopher Wong report that Gold has rebounded from sub-4000 levels after softer United States (US) Consumer Price Index (CPI) prompted markets to pare Fed hike expectations and pushed USD and front-end US Treasury yields lower. They see the move as a reversal of excessive hawkish repricing rather than a macro […]

Indonesian Rupiah firms after S&P Global reaffirms stable grade rating

Indonesian Rupiah firms after S&P Global reaffirms stable grade rating

USD/IDR loses ground for the second consecutive day, trading around 18,110 during the Asian hours on Wednesday. The pair depreciates as the Indonesian Rupiah (IDR) strengthens following S&P Global Ratings’ reaffirmation of Indonesia’s investment-grade credit rating with a stable outlook. S&P noted that recent fiscal and external pressures, triggered by elevated oil prices and rupiah […]

WTI rises as Trump’s threats strikes on Iran

WTI rises as Trump’s threats strikes on Iran

West Texas Intermediate (WTI) oil price extends its gains for the third successive day, trading around $79.20 per barrel during the Asian hours on Wednesday. Crude oil prices have climbed following threats from US President Donald Trump regarding additional military strikes on Iran. This escalation comes after the reinstatement of a US blockade against Tehran […]