Bearish Won view with 1,400 support – TD Securities

TD Securities turns bearish on the Korean Won, arguing USD/KRW is likely to find support around 1,400 as prior KRW strength fades. They have entered short KRW positions versus both the Dollar and Japanese Yen via NDFs, citing stretched valuation, waning momentum and negative correlation to AI equities, while flagging unhedged foreign inflows as the […]

Japanese Yen stays on the back foot despite hawkish BoJ expectations

USD/JPY extends its sideways movement below the 160 psychological mark on Tuesday as the US Dollar (USD) struggles to gain traction. Receding expectations of a Federal Reserve (Fed) interest-rate hike at the upcoming meeting weigh on the Greenback, even as tensions in the Middle East keep the monetary policy outlook uncertain. At the time of […]

LNG inflows key for prices – Commerzbank

Commerzbank’s Norman Liebke argues that European gas storage will depend on higher LNG imports over winter, as current inflows of 8 bcm per month would see storages trend toward 0% by March. He considers 10 bcm realistic, but warns that delayed import recovery, strong Asian demand and missing Qatari LNG raise upside risks for European […]