In an interview with Fox News on Monday, United States (US) President Donald Trump said that they will probably take over the Strait of Hormuz and argued that they should be reimbursed for controlling it.
DBS Group Research economist Philip Wee notes that the US Dollar Index (DXY) Index has been confined between 100.5 and 102 for three weeks as traders await clarity on whether the Federal Reserve (Fed) will proceed with …
Societe Generale’s Kenneth Broux describes USD/JPY consolidating after failing again at resistance near 162.80. The pair is seen in a narrow range, with key support at 160.40 tied to the March peak and upside projection…
UOB’s Lee Sue Ann and Jester Koh note that the Reserve Bank of New Zealand raised the Official Cash Rate to 2.50% in July and adopted a more hawkish tone as inflation risks remain elevated. They keep their OCR forecast …
Gold (XAU/USD) extends losses on Monday, with price action drifting below the $4,100 line, amid a risk-off market mood, as tensions between the US and Iran flare. From a wider perspective, however, the precious metal re…
BNY’s Geoff Yu notes that the Bank of Canada (BoC) is widely expected to keep its policy rate unchanged at 2.25%, with markets not pricing cuts until at least Q4. The report states that recent core inflation and labor m…
David Ellison spent eight months persuading Washington that buying Warner Bros. Discovery would strengthen competition in Hollywood, and it worked.
Societe Generale strategists note that India’s June Consumer Price Index (CPI) release will be important for bond markets, with the 10-year IGB yield holding near its 200-day moving average around 6.71%. They highlight …
BNY’s Geoff Yu argues that United Kingdom (UK) assets, including the British Pound (GBP) and gilts, will react more to the choice of chancellor under incoming Prime Minister Andy Burnham than to the leadership change it…
The Australian Dollar (AUD) posts marginal losses against the US Dollar (USD) on Monday, as the pair's reversal from Friday's 0.6970 highs found support above 0.6120. Rising tensions in Iran have hammered risk appetite,…
Silver prices (XAG/USD) fell on Monday, according to FXStreet data. Silver trades at $58.72 per troy ounce, down 1.92% from the $59.87 it cost on Friday.
Rabobank strategist Michael Every discusses rising geopolitical risks around the Strait of Hormuz after the apparent collapse of a US-Iran memorandum of understanding. Every notes both sides are now striking each other,…
ING analysts Chris Turner, Frantisek Taborsky and Francesco Pesole note that higher energy prices and tensions in the Gulf are supporting the Dollar against low-yielding currencies. They highlight that US energy indepen…
The Euro (EUR) claws back its early losses and turns slightly positive at around 1.6170 against the Canadian Dollar (CAD) during the European trading session on Monday. The cross bounces back as the Euro strengthens ami…
DUBAI, United Arab Emirates (AP) — The United States and Iran each asserted Monday they controlled the Strait of Hormuz after a weekend of attacks stretching across the wider Middle East, further threatening any diploma…
UOB’s Quek Ser Leang and Lee Sue Ann highlight that EUR/USD has slipped after testing 1.1460, with increasing downward momentum but major support at 1.1360 seen as difficult to reach near term. For the coming 1–3 weeks,…
The Euro (EUR) depreciates moderately against the US Dollar (USD) on Monday, as escalating tensions between the US and Iran and the closure of the Strait of Hormuz dampened appetite for risk and boosted inflationary pre…
Japan currently has no immediate plans to change target asset allocations of its state pension funds but could work within existing allowable ranges to direct more investment to domestic assets, people with knowledge of…
The Australian Dollar (AUD) underperforms its major currency peers, trading 0.32% lower to near 0.6930 against the US Dollar (USD) during the early European trading session at the start of the week. The antipodean is un…
Most Asian equities trade in negative territory on Monday amid renewed geopolitical tension in the Middle East after reports of US-Iran airstrikes and Tehran's closure of the critical Strait of Hormuz.
The GBP/JPY cross rebounds a few pips following an Asian session dip to mid-216.00s on Monday, stalling its modest pullback from the highest level since January 2008, touched last week. Spot prices, however, lack follow…
The Indian Rupee (INR) opens significantly lower against the US Dollar (USD) on Monday. The USD/INR jumps to over a six-week high around 95.80, as renewed Middle East hostilities have strengthened the US Dollar and oil …
USD/IDR gains ground after registering losses in the previous day, trading around 18,180 during the Asian hours on Monday. The US Dollar (USD) appreciated as intensifying geopolitical tensions in the Middle East sparked…
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – builds on its modest bullish gap opening and climbs above the $74.00 mark during the Asian session on Monday. A further escalation of tensions between t…