Choppy range view holds against US Dollar – Rabobank
Rabobank’s Senior FX Strategist Jane Foley describes EUR/USD as wary after the July European Central Bank (ECB) meeting. Foley notes that the Euro (EUR) failed to gain support despite a hawkish ECB tone, while the Dollar benefits from safe haven demand and Federal Reserve (Fed) expectations. Foley still expects EUR/USD to trade in a choppy […]
Softer yields curb gains ahead of FOMC – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret say broad US Dollar (USD) gains are moderating as United States (US) yields retreat and risk appetite improves after a tech-led selloff. High-beta currencies outperform while Euro (EUR) and British Pound (GBP) edge higher but fail to fully exploit positive data. Geopolitical tensions around Iran and upcoming Federal […]
Hyperscaler stress and chip volatility – Commerzbank
Commerzbank’s Marco Stoeckle argues that the AI trade is at a crossroads, with ‘Mag 7’ euphoria fading and hyperscalers facing cash flow and leverage concerns. In contrast, semiconductor and memory stocks, tracked by SOX and KOSPI, saw hyperbolic gains before sharp drawdowns. Alphabet’s results support the hardware winners narrative but underscore vulnerabilities from eroding free […]
Hawkish MAS stance supports SGD – MUFG
MUFG’s Lloyd Chan expects MAS to keep policy unchanged at the July meeting while maintaining a tightening bias, distinguishing between energy-driven and domestically generated inflation. Strong Singapore growth and a positive output gap justify tight settings. MUFG sees MAS policy as broadly supportive for the Singapore Dollar and expects any tightening surprise to push USD/SGD […]
The Dow Jones buys a rumour and sleeps through a tariff regime
The index that spent this week absorbing a war premium trades near 52,000 on Friday, around 325 points to the good side, on the strength of a wire report that its own three sources undercut in the same breath. Pakistan is exploring a route back to stalled US-Iran talks at China’s urging, and those sources […]
XAG/USD consolidates as bulls struggle to clear the 21-day SMA
Silver (XAG/USD) edges higher on Friday as a pullback in Oil prices pushes US Treasury yields lower, while the US Dollar (USD) fluctuates near recent highs. At the time of writing, XAG/USD trades around $58.60, up 2.40% on the day. Despite the pullback, Oil prices and US Treasury yields remain elevated, keeping Silver’s upside in […]
BI pause seen as hawkish hold – UOB
UOB Global Economics & Markets Research notes that Bank Indonesia kept its policy rate at 5.75%, opting to let earlier tightening filter through. Despite the pause, the team still expects three further hikes totalling 75 bps by end-2026 to stabilise the Rupiah and inflation expectations, while USD/IDR edged slightly higher after what markets perceived as […]
Gold gains despite firm US Dollar
Gold price (XAU/USD) drifts higher on Friday as the Greenback stands firm, even as growing speculation that the US-Iran war may last longer than expected could, in the end, hurt the prospects of the yellow metal. The XAU/USD trades at $4,065, up 0.38%. XAU/USD gains as softer US yields counter Fed hike bets The US […]
Oil shock and dovish BoT keep THB pressured against US Dollar – OCBC
OCBC’s Sim Moh Siong and Christopher Wong note that the Thai Baht (THB) is trading near its weakest level in more than a year against the US Dollar (USD), as volatile oil prices, a firmer USD and higher US yields weigh on the currency. They highlight the Bank of Thailand’s (BoT) accommodative stance and tolerance […]
Kiwi tests 0.5800 as bullish momentum fades
The New Zealand Dollar gains over 0.30% against the US Dollar on Friday. The pair is poised to test key resistance levels with the 50-day Simple Moving Average (SMA) at 0.5793, slightly below the 0.5800 figure. At the time of writing, the NZD/USD trades at 0.5789, after bouncing off daily lows of 0.5767. NZD/USD Price […]
