Firm tone but capped below 162.00 – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note USD/JPY traded quietly between 159.28 and 159.82, closing at 159.68, with a firm underlying tone. The pair is expected to hold a slightly higher intraday range of 159.40–159.95 and a broader 158.80–160.45 band over the next one to three weeks. Longer term, there […]
De-escalation seen softening Dollar trend – OCBC
OCBC strategists Christopher Wong and Sim Moh Siong note that global markets are cautious as Hormuz risks and energy disruptions threaten to evolve into a broader energy shock. Survey data already show rising input costs and longer delivery times. They argue that a credible de-escalation in the Middle East would likely support global risk assets […]
Holds near $105.50 as Trump Iran deadline looms
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – catches fresh bids during the Asian session on Tuesday and climbs back closer to a nearly four-week high set the previous day. The commodity currently trades just below mid-$105.00s, up over 1.5% for the day, ahead of US President Donald Trump’s deadline for […]
PBOC sets USD/CNY reference rate at 6.8854 vs. 6.8929 previous
On Tuesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8854 compared to last Friday’s fix of 6.8929 and 6.8773 Reuters estimate. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, and […]
USD/JPY steady near 160.00 as weak ISM data offsets geopolitical bid
USD/JPY traded flat on Monday, edging up less than 0.1% to settle around 159.60 in a quiet session ahead of the US data release. The pair has been consolidating in a roughly 150-pip band between 158.50 and 160.00 since early April, with the week’s high near 160.30 capping upside attempts and buyers stepping in on […]
Rejected at 0.8000 as double top looms
USD/CHF failed to clear key resistance at 0.8000 on Monday, recoiling to the 0.7900 handle as a double-top chart pattern looms. At the time of writing, the pair trades at 0.7979, down 0.18%. USD/CHF Price Forecast: Technical Outlook The technical picture shows that USD/CHF has enjoyed a steady recovery since bottoming at the yearly low […]
XAU/USD around $4,660, bears sharpening their claws
XAU/USD Current price: $4,650 Middle East crisis maintains financial markets in risk-averse mode. The March US ISM Services PMI painted a gloomy picture when reading between lines. XAU/USD under sellers’ control despite holding within familiar levels. Spot Gold consolidates at around $4,660 on Monday, little changed on a daily basis, yet lower compared to Friday’s […]
Conflict keeps risk premium elevated – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong argue that market hopes for de-escalation in the US–Iran conflict look premature for Brent. While Brent has retreated from highs near USD119, they see the Strait of Hormuz situation as controlled disruption rather than resolution, with Iran–Oman traffic protocols and Trump’s threats suggesting ongoing supply risk despite […]
EUR/USD remains capped below 1.1570 despite US Dollar’s weakness
The Euro (EUR) is trading higher against the US Dollar (USD) on Monday, favoured by a moderate improvement in market sentiment, amid news of a potential ceasefire in the Iran war. The pair bounced up from session lows at 1.1505, but has been unable to extend gains beyond 1.1570 so far, and remains trapped within […]
Symmetrical Triangle formation near bottom triggers reversal hopes
The EUR/USD pair trades 0.4% higher to near 1.1560 during the European trading session on Monday. The major currency pair strengthens as market sentiment turns favorable toward riskier assets, such as the Euro (EUR), following confirmation from Iran that it has received the United States’ (US) ceasefire proposal through Pakistan. An improvement in investors’ risk […]
