Buy dips against dollar in choppy range – OCBC
OCBC notes USDSGD is trading choppily in a subdued range, closely tracking moves in the USD, Oil and UST yields. The bank sees mild bullish momentum starting to fade and maintains a bias to sell rallies, with key support around 1.2720/60 and 1.2650/70 and resistance near 1.2840/50. The S$NEER remains comfortably above its model-implied mid. […]
Neutral within tight onshore band – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann expect USD/CNH to trade quietly between 6.7920 and 6.8060 intraday after recent moves failed to generate fresh momentum. On a 1–3 week horizon, the bank holds a neutral view, seeing current price action as part of a range between 6.7820 and 6.8220. Over 1–3 […]
Pipeline pressures and rate risks – DBS
DBS Group Research economists Radhika Rao and Chua Han Teng highlight that ASEAN-6 economies are experiencing asymmetric inflation outcomes despite a common energy shock. Indonesia and Malaysia show relatively contained inflation, while Thailand, Vietnam and Philippines face higher readings. Rising WPI/PPI point to pipeline pressures, with policymakers expected to stay alert and some central banks, […]
Mild bullish against US Dollar within tight range – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann expect USD/SGD to edge lower intraday toward 1.2760, though a sustained break is seen as unlikely, with major support at 1.2730 intact. On a 1–3 week horizon, UOB keeps a neutral stance, looking for range trading between 1.2730 and 1.2820. Over 1–3 months, the […]
Stuck between key SMAs, RSI turns bearish
The AUD/USD edges lower during the North American session, poised to remain sideways within key technical support and resistance levels, with the 20-day Simple Moving Average (SMA) at 0.7187 and the 50-day SMA at 0.7095. At the time of writing, the pair is trading around 0.7137, down 0.17%. AUD/USD Price Forecast: Technical outlook From a […]
Fed’s Warsh says he will lead reform at the Fed
Freshly-minted Federal Reserve (Fed) Chair Kevin Warsh delivered his first public speech as head of the Fed on Friday, delivering his key talking points after being sworn in. Key Warsh highlights Ours is a time of great consequenceNot naive about challenges we faceWill lead a reform-oriented FedWill learn from past mistakes and successesInflation can be […]
Weak PMIs and higher inflation forecasts – Rabobank
Rabobank’s Senior Macro Strategist Teeuwe Mevissen reports that Eurozone growth indicators have deteriorated, with French and German PMIs signaling contraction and the German IFO near a five-year low. The European Commission has cut its GDP projections and raised inflation forecasts for the EU and Eurozone. Mevissen stresses the policy dilemma for the ECB and expects […]
Australian Dollar slumps against US Dollar as hawkish RBA bets fade
The Australian Dollar (AUD) is down 0.25% to near 0.7130 against the US Dollar (USD) during the European trading session on Friday. The Aussie pair faces intense selling pressure as fading hawkish Reserve Bank of Australia (RBA) bets, following the release of the weak Australian employment data for April, have diminished the appeal of the […]
Germany’s IFO Business Climate unexpectedly improves to 84.9 in May vs. 84.2 estimates
The German IFO Institute Business Climate Index has unexpectedly improved to 84.9 in May, while it was expected to arrive lower at 84.2. The sentiment data in April has been revised higher to 84.5 from 84.4. The IFO Current Assessment Index also arrives higher at 86.1 from 85.4 in April. It was expected to drop […]
Gold price in India: Rates on May 22
Gold prices fell in India on Friday, according to data compiled by FXStreet. The price for Gold stood at 14,058.76 Indian Rupees (INR) per gram, down compared with the INR 14,103.21 it cost on Thursday. The price for Gold decreased to INR 163,980.50 per tola from INR 164,498.80 per tola a day earlier. Unit measure […]
