Rising yields keep pressure on prices – ING
ING strategists Warren Patterson and Ewa Manthey say Gold has extended its decline, trading near $4,500/oz as higher US Treasury yields and a stronger US Dollar (USD) weigh on non-yielding assets. They note that ETF holdings have fallen and speculative net length is at its lowest since February 2024, with the market focusing more on […]
Gold rebounds from one-month low; hawkish Fed caps upside
Gold (XAU/USD) attracts some buyers during the Asian session on Tuesday and reverses a part of the previous day’s downfall to the $4,500 mark, or over a one-month low. The uptick lacks any obvious fundamental catalyst and runs the risk of fizzling out quickly, warranting caution before positioning for any meaningful upside. Heightened US-Iran tensions […]
RBA expected to hike interest rate for third straight meeting
The Reserve Bank of Australia (RBA) is having a monetary policy meeting this week and will deliver its decision on Tuesday. Market participants expect the Board to deliver a 25 basis points (bps) interest rate hike, the third consecutive one. If markets are right, the Official Cash Rate (OCR) will then reach 4.35% from the […]
Blocking rule reshapes risk calculus – MUFG
MUFG’s Michael Wan flags a significant shift as China formally invokes its 2021 Blocking Statute for the first time, targeting recent US sanctions on five Chinese refineries linked to Iranian Oil. He argues this alters secondary sanctions transmission, increases legal risk for third parties, and reflects China’s growing resilience and diversification away from the US […]
EUR/USD slides as Middle East tensions and Fed hike bets boost US Dollar
The Euro (EUR) trades on the back foot against the US Dollar (USD) on Monday as reports of renewed attacks in the Middle East lift the Greenback. At the time of writing, EUR/USD is trading around 1.1690, down about 0.25% on the day. Meanwhile, the US Dollar Index (DXY), which tracks the Greenback’s value against […]
USD/JPY steadies after suspected Japan intervention, US data in focus
USD/JPY trades around 157.00 on Monday, virtually unchanged on the day, after a sharp move during the Asian session briefly sent the pair down to 155.71 before a swift rebound. This sudden move, without any clear fundamental catalyst, is fueling speculation of another intervention by Japanese authorities in the foreign exchange market. The Ministry of […]
Gold declines as hawkish interest rate outlook and firm US Dollar weigh
Gold (XAU/USDS) kicks off the week under pressure, hovering near one-month lows as hawkish interest rate expectations continue to weigh on the non-yielding metal amid ongoing tensions in the Middle East. At the time of writing, XAU/USD is trading around $4,560, down nearly 1.10% on the day. Strait of Hormuz tensions keep markets on edge […]
Expected to on prolonged hold – Societe Generale
Societe Generale economists report that the Bank of England’s (BoE) Monetary Policy Committee (MPC) left Bank Rate at 3.75% with an 8–1 vote. Their base case is for rates to remain unchanged through 2026, though further hikes of 50–75 bps are possible if the US‑Iran conflict persists. Recent UK data show stronger borrowing as households […]
Large monthly drop after Hormuz scare – UOB
UOB strategists note that Brent crude has just recorded its largest monthly percentage decline since December 2025, despite briefly spiking above USD 126/bbl on renewed Strait of Hormuz concerns. West Texas Intermediate (WTI) remains elevated on the week, and Oil has booked a second consecutive weekly gain, supported by geopolitical tensions and US policy rhetoric. […]
US Dollar Index flat lines above 98.00 amid Hormuz tensions
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 98.20 during the Asian trading hours on Monday. The DXY steadies as traders continue to assess geopolitical tensions in the Middle East. US President Donald Trump said the US will begin guiding […]
