Constructive dip-buying outlook – ING
ING’s commodities team highlights that Gold has rebounded above $4,900/oz after recent declines linked to a stronger Dollar and risk‑off sentiment. Thin Asian liquidity had amplified moves, but the bank sees the setback as corrective. With Asian trading normalizing and macro uncertainty persisting, they expect underlying support to improve and dips to attract renewed buying. […]
Maintains bullish tone above 108.50, Australian jobs data in focus
The AUD/JPY cross holds steady near 108.55 during the early European trading hours on Wednesday. Growing optimism around Japanese Prime Minister Sanae Takaichi’s pro-stimulus policy agenda could support the Japanese Yen (JPY) and act as a headwind for the cross. Takaichi presented details of her “smart stimulus” fiscal plan, saying that it is based on […]
New Zealand holds interest rate steady at 2.25%, as expected
The Reserve Bank of New Zealand (RBNZ) decided to hold the Official Cash Rate (OCR) at 2.25% after concluding the February monetary policy meeting on Wednesday. The decision aligned with the market expectations. Summary of the RBNZ Monetary Policy Review (MPR) OCR on hold at 2.25% with inflation expected to fall. Annual consumers price inflation […]
USD/CHF nears one-week high amid stronger US Dollar
The Swiss Franc (CHF) edges lower against the US Dollar (USD) on Tuesday, as a firmer Greenback underpins USD/CHF. At the time of writing, the pair trades near 0.7729, hovering close to a one-week high. The Greenback gains traction after last week’s US labor market and inflation data tempered expectations for early policy easing by […]
PCE seen re‑accelerating into 2026 – TD Securities
TD Securities forecasts PCE inflation to firm in December, with core PCE at 0.25% m/m and headline at 0.27% m/m, translating to 2.9% and 2.8% y/y respectively. Core CPI is expected to peak around 2.8% y/y in Q2 2026 as higher tariffs lift prices, before sticky inflation in H1 gives way to gradual disinflation in […]
German ZEW Survey – Economic Sentiment unexpectedly drops to 58.3
German ZEW Survey – Economic Sentiment unexpectedly drops to 58.3 in February. Economists expected the sentiment data to have improved to 65.0 from 59.6 in January. The ZEW Survey – Current Situation improves to -65.9 from -72.7 in October, but misses estimates of -65.7. In the Eurozone, the ZEW Survey – Economic Sentiment deteriorates to […]
GBP/JPY slips below 208.50 as BoJ-BoE policy gap weighs, UK jobs eyed
The GBP/JPY cross meets with a fresh supply in the vicinity of mid-209.00s during the Asian session on Tuesday and snaps a two-day winning streak. Spot prices drop to the 208.25 region in the last hour, stalling the recent recovery from a nearly two-month low, touched last Thursday. The initial market reaction to Japan’s weak […]
Strong growth and flows support firm Ringgit – Commerzbank
Commerzbank’s Moses Lim notes that the Malaysian Ringgit is Asia’s best performer this year, supported by robust growth, FDI into data centres and tech supply chains, and firm exports. With inflation contained and Bank Negara Malaysia expected to keep rates unchanged, the bank sees USD/MYR holding around 3.85–3.90 in the near term as MYR strength […]
Weaker European outlook with LNG wave – Societe Generale
Societe Generale analysts Michael Haigh, Ben Hoff and Jeremy Sellem describe how Winter storm Fern briefly pushed US gas futures above $7/MMBtu before prices fell below $3/MMBtu as storage stayed near the ten‑year average. They argue that softer carbon prices and a large global LNG supply expansion point to lower European gas prices and a […]
EUR/USD holds steady, unfazed by weak Eurozone factory data
The Euro (EUR) remains practically flat against the US Dollar (USD) on Monday, trading near 1.1865 at the time of writing. Eurozone factory output data confirmed expectations of a significant decline in December, but the subdued trading activity is keeping the pair broadly unchanged. Industrial Production contracted 1.4% in the Eurozone in December, according to […]
