GBP/USD rises as Trump signals Iran de-escalation, US Dollar sinks
The Pound Sterling (GBP) appreciates sharply against the US Dollar (USD) on Monday after US President Donald Trump postponed further military action against Iran, adding that talks between the two countries were productive and could end hostilities in the Middle East. At the time of writing, GBP/USD trades at 1.3459, up by more than 0.90%. […]
Early insurance hike risks and data focus – Societe Generale
Societe Generale economists Fabien Bossy, Michel Martinez, Anatoli Annenkov and Sam Cartwright argue that the ECB is edging toward discussing early insurance rate hikes after the recent energy shock. They see around 50bp of room before policy becomes restrictive and stress that upcoming PMIs, inflation data, energy prices and financial conditions will be crucial for […]
Verbal support and BoJ hike risk cap upside – MUFG
MUFG’s Senior Currency Analyst Lee Hardman notes that the Japanese Yen has been more resilient than other G10 currencies versus the US Dollar, with USD/JPY holding just below 160.00. Verbal intervention from Japanese officials and growing speculation about a possible BoJ rate hike, supported by robust wage gains, are helping to limit further Yen weakness […]
Haven bid challenged by hawkish G10 wall – DBS
DBS Group Research economist Philip Weeargues that although risk aversion from the Iran conflict usually supports the Dollar, this time the USD’s haven appeal may prove short-lived. He points to a Fed pause versus G10 rate hikes and pressure on US Treasuries from rising fiscal concerns. The backdrop recalls last year’s credibility hit from Liberation […]
GBP/JPY struggles to sustain gains amid mixed cues, stays below 212.50
The GBP/JPY cross attracts some dip-buyers near the 211.85 region during the Asian session on Monday, though it lacks follow-through and remains confined in a range held over the past week or so. Spot prices currently trade just below mid-212.00s, nearly unchanged for the day amid mixed fundamental cues. The British Pound (GBP) is pressured […]
WTI hovers around 98.00 due to persistent Middle East supply concerns
West Texas Intermediate (WTI) crude eases from intraday highs but remains elevated near $98.10 per barrel during Monday’s Asian session, supported by persistent Middle East supply concerns. US President Donald Trump has reportedly given Iran a 48-hour deadline to reopen the Strait of Hormuz or risk strikes on its energy infrastructure. Separate reports indicate Washington […]
WTI climbs on Iran’s revenge response to Trump’s 48-hour ultimatum
West Texas Intermediate (WTI) – the US oil benchmark – opened Monday with a bang, extending Friday’s 3.5% advance to briefly regain the $100 level. The latest leg higher in the black gold comes on the back of a new phase of escalation in the Middle East, induced by US President Donald Trump on Saturday. […]
Do not think there is a need to consider rate hikes
Christopher Waller, a member of the Federal Reserve (Fed), said that based on the jobs report alone, he was planning to dissent in the monetary policy decision, but inflation has become more of a concern. He added that he now expects labor force growth to be near zero in a live interview with CNBC on […]
Trump gives Iran 48-hour ultimatum to open Strait of Hormuz
Here is a rundown of latest headlines surrounding the crisis in the Middle East as the United States (US) and Israel’s war against Iran enters the fourth week: US President Donald Trump said on Saturday that they will “obliterate” Iran’s power plants, starting with the biggest one, if they refuse to open the Strait of […]
EUR/GBP rises as markets assess ECB and BoE rate decisions, inflation outlook
EUR/GBP edges higher on Friday, recovering losses recorded in the previous day after the European Central Bank (ECB) and Bank of England (BoE) monetary policy announcements. At the time of writing, the cross trades near 0.8647, remaining confined within a narrow range that has defined price action for more than a week. The Euro (EUR) […]
