DXY rebounds as Iran hope trade unwinds
Priced for peace The morning belonged to the deal: Asia had ripped overnight, with the Nikkei 225 clearing 62,000 for the first time on a session that gained north of 5%, and US futures came in primed for another leg of the Iran ceasefire trade. The US Dollar Index (DXY) sagged toward 97.60, equities printed […]
Sentiment-led rally eyes 1.1825 – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret report the Euro (EUR) is modestly higher, extending a sentiment-driven recovery despite softer expectations for European Central Bank (ECB) tightening. Stronger German factory orders and resilient Eurozone retail sales have helped, but they stress that broader risk sentiment is the main driver. Technically, EUR/USD is bullish, with key […]
UK politics and fiscal worries weigh – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes that GBP/USD has risen above pre-war levels as United Kingdom (UK) local and Scottish elections test Prime Minister Keir Starmer’s leadership. Haddad warns that a strong Green Party showing could push policy leftward and worsen fiscal concerns, with UK nominal Gross Domestic Product (GDP) growth running below 10-year […]
Euro holds gains amid US-Iran peace hopes, upbeat Eurozone data
The Euro (EUR) appreciates against the US Dollar (USD) for the second consecutive day on Thursday, trading at 1.1765 at the time of writing, fuelled by hopes of a peace deal that would end Iran’s war and upbeat Eurozone macroeconomic releases. Data released by Eurostat on Thursday showed that Eurozone Retail Sales edged down by […]
Market reacts to Iran peace prospects – Rabobank
Rabobank’s Senior Market Strategist Benjamin Picton notes that Brent crude fell sharply as markets focused on potential peace in the Iran conflict and a reopening of the Strait of Hormuz. Picton highlights how any Iranian ‘tollbooth’ control over Hormuz could reshape global energy flows, Gulf Cooperation Council export routes and post-war Oil market structure. Brent […]
Holds gains near 1.3600 as bullish bias prevails
GBP/USD remains stronger for the third consecutive day, trading around 1.3600 during the Asian hours on Thursday. The technical analysis of the daily chart indicates an improving bullish trend as the pair rebounds from the lower boundary of the ascending channel. GBP/USD keeps a constructive bullish bias as it holds just above the 1.3600 horizontal […]
BoJ Minutes: Rates will be raised in line with improvements in economy, priced
The Bank of Japan (BoJ) board members shared their views on the monetary policy outlook on Thursday, per the BoJ Minutes of the March meeting. Key quotes Several members believe it was suitable to keep policy rate at 0.75%. Members express concern over inflation rebound driven by rising oil prices. Some members say amid heightened uncertainties in Middle East, maintaining […]
Breaks below 213.00 eyes on 212.00
GBP/JPY retreats over 0.55% on Wednesday as the Japanese Yen strengthened in the aftermath of last week’s intervention in the FX markets by Japanese authorities. At the time of writing, the cross-pair trades at 212.60 after reaching a daily peak of 214.23. GBP/JPY Price Forecast: Technical Outlook The GBP/JPY is poised to consolidate after clearing […]
Inflation shock drives underperformance risk – MUFG
MUFG’s Michael Wan highlights that the Philippines faces heightened vulnerability to Middle East supply disruptions, with April Consumer Price Index (CPI) surging to 7.2% year-on-year, far above expectations. He expects Bangko Sentral ng Pilipinas (BSP) to hike rates further but sees limits given weak growth. MUFG projects USD/PHP could move towards 62.00–63.00 if the Strait […]
Hedging demand rises with Banxico in focus – BNY
BNY’s Geoff Yu argues Latin American FX and equities now represent a single crowded ‘total return’ trade, with all regional currencies still overheld while bond holdings begin to reverse unevenly. In Mexico, expectations for lower rates are driving more FX hedging ahead of a likely 25 bp Banxico cut, even as sovereign bond demand stays […]
