RBI tightening path seen shallow – Standard Chartered
Standard Chartered strategists Anubhuti Sahay and Saurav Anand expect the Reserve Bank of India (RBI) to deliver a total of 50bps of repo rate hikes in FY27, split between October and December 2026, citing resilient activity and hawkish August Monetary Policy Committee (MPC) minutes. They highlight upside risks if inflation surprises higher, but still see […]
Declines below 1.3550, while maintaining bullish bias above 100-day SMA
The GBP/USD pair trades in negative territory around 1.3545 during the early European trading hours on Tuesday. Federal Reserve (Fed) Chair Kevin Warsh’s hawkish remarks at the Jackson Hole symposium underpin the US dollar (USD) against the British Pound (GBP). Warsh said on Friday during his first Jackson Hole speech that with inflation “running above our […]
Confirmed with Bessent that continued, coordinated action on FX is needed
Japanese Finance Minister (FM) Satsuki Katayama said Tuesday that he confirmed with US Treasury Secretary Scott Bessent that continued, coordinated action on FX is needed. Additional quotes Shared understanding with Bessent on the significance of joint FX intervention. Can’t comment on FX rates when asked if current Yen rates are in order. Hard to say […]
UKMTO reports tanker struck by three projectiles during outbound transit of Strait of Hormuz
The United Kingdom Maritime Trade Operations (UKMTO) said on Tuesday that a tanker has reported being struck by three projectiles while sailing out of the Strait of Hormuz, Reuters reported. The incident was reported 17 nautical miles east of Khasab in Oman. No casualties or environmental damage reported. Market reaction At the time of writing, […]
Easing case strengthens on weak PMIs – Commerzbank
Commerzbank’s Dr. Henry Hao argues that two months of broad Purchasing Managers’ Index (PMI) contraction leave China’s Gross Domestic Product (GDP) growth tracking below the official 4.5%-5.0% target, intensifying pressure on Beijing. Fiscal spending is slowly easing from austerity, with new coordinated measures planned for H2. The People’s Bank of China (PBoC) signals moderately loose […]
British Pound edges higher as USD softens ahead US jobs data
The Pound Sterling advances during the North American session, up a modest 0.09%, as the Greenback edges lower despite last Friday’s hawkish remarks from Fed Chair Warsh, ahead of a packed week of economic data from the United States (US). The GBP/USD trades at 1.3549. GBP/USD steadies as traders weigh Warsh, Oil risks and upcoming […]
Silver rebounds as Fed hike odds, US-Iran tensions shape outlook
Silver (XAG/USD) rebounds on Monday and trades around $66.70 at the time of writing, up 0.40% on the day. The main obstacle to a stronger recovery in Silver remains the shift in expectations surrounding the Federal Reserve’s (Fed) monetary policy. Fed Chair Kevin Warsh struck a more hawkish tone on Friday at the Jackson Hole […]
WTI Oil appreciates beyond $85.50 as tensions rise in Iran
Crude prices rally on Monday, with the US benchmark West Texas Intermediate (WTI) trading at $85.50 per barrel at the time of writing, more than 3% up on the day so far, drawing close to one-month highs, at $87.38. Hostilities resumed after one month of tense calm in Iran, complicating Oil flows through the Strait […]
Asian stock markets face slight pressure renewed geopolitical risks, hawkish Fed bets
Asian equity markets remain under pressure at the start of the week, as risk sentiment turns sour due to renewed tensions in the Middle East and a sharp increase in Federal Reserve (Fed) interest rate hike expectations. At the time of writing, Nikkei225 is down 0.25% to near 66,250, Hang Seng decline 0.36% slightly below […]
United States Dollar Index trades slightly lower at the start of the US NFP week
The US Dollar (USD) is slightly down in the Asian trading session at the start of the week. The US Dollar Index (DXY), which gauges the Greenback’s value against its peers, corrects 0.1% to near 99.58 after a strong Friday. The Greenback gained strongly on Friday as remarks from Federal Reserve (Fed) Chairman Kevin Warsh […]
