ING’s Chris Turner notes that higher Oil prices and Gulf tensions have driven a bigger reaction in rates than in FX, with Brent near $80 supporting Fed hawks. The US Dollar (USD) is expected to stay firm versus low-yiel…
OCBC’s Sim Moh Siong and Christopher Wong note renewed Middle East tensions and higher Oil prices are lifting the US Dollar (USD) and global bond yields. They expect the USD to appreciate by 2–3% in 2H26 versus lower-yi…
The Australian Dollar (AUD) keeps trading sideways against the US Dollar (USD) on Thursday, showing a surprising resilience to the escalating tensions in Iran. The pair has been steady above 0.6900 in the face of the ri…
Gold (XAU/USD) maintains its bid tone above the $4,100 mark through the first half of the European session on Thursday and looks to build on the previous day's bounce from a one-week low. The US Dollar (USD) remains on …
The Japanese Yen (JPY) remains locked in a high-stakes standoff against the US Dollar, testing the ultimate limits of Tokyo’s tolerance for its local currency to depreciate.
The Indian Rupee (INR) opens higher against the US Dollar (USD) on Thursday. The USD/INR pair drops to near 95.40 as the US Dollar ticks lower; however, the outlook of the pair remains bullish as renewed Middle East hos…
Dow Jones futures gain 0.17% to trade around 52,710 during European trading hours on Thursday. Meanwhile, S&P 500 futures and Nasdaq 100 futures advance 0.34% and 0.74%, trading near 7,550 and 29,690, respectively.
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, extends the previous day's pullback from the 101.25-101.30 region and attracts some follow-through sellers on Thursday. The index tou…
The Japanese Yen (JPY) trades higher against the US Dollar (USD) despite renewed geopolitical risks. The USD/JPY pair is down 0.17% to near 162.35 as the US Dollar faces selling pressure even as the exchange of attacks …
Chris Turner at ING highlights that EUR/USD has held up despite higher Oil, as Euro swap rates outperformed US rates on expectations of an ECB hike in September. However, he argues the Fed narrative will dominate, with …
Japan's Chief Cabinet Secretary Minoru Kihara said during the European trading session on Thursday that the administration wants to secure market trust by stably lowering the government debt-to-GDP ratio.
The Euro (EUR) posts moderate gains against the US Dollar (USD) on Thursday, hitting session highs near 1.1440, yet trapped within the weekly range, with the broader bearish trend in play. A softer US Dollar is providin…
The GBP/JPY cross builds on the previous day's strong positive momentum and gains traction for the second successive day on Thursday. This also marks the fourth day of a move higher in the previous five and lifts spot p…
United Overseas Bank’s (UOB) Quek Ser Leang sees AUD/USD confined to a 0.6915–0.6950 intraday range as momentum remains lacklustre. For 1–3 weeks, upward momentum is tentatively building, with rising risk of a break abo…
The US Dollar (USD) struggles to find demand early Thursday despite a further escalation of tensions in the Middle East. The US economic calendar will feature weekly Initial Jobless Claims and Existing Home Sales data f…
Philip Wee from DBS Group Research reports NZD/USD is holding firm above 0.57 after the Reserve Bank of New Zealand unanimously voted to lift the Official Cash Rate by 25 bps to 2.50%, a shift from May’s split decision.…
USD/CAD moves sideways after two days of losses, trading around 1.4170 during the European hours on Thursday. The technical analysis of the daily chart indicates the pair is remaining within the ascending channel patter…
ING analysts Warren Patterson and Ewa Manthey note that Oil has extended its rally as renewed US-Iran tensions threaten the fragile ceasefire and disrupt flows through the Strait of Hormuz. ICE Brent has moved above $78…
In a released statement from Qatar Prime Minister (PM) Sheikh Mohammed bin Abdulrahman Al Thani after a phone call with Iranian Foreign Minister (FM) Abbas Araghchi, AI Thani said that he discussed about latest military…
Thu Lan Nguyen at Commerzbank notes that EUR/USD has traded in a narrow range and appears largely unaffected by Iran-related headlines, as the correlation with Oil has weakened. She highlights that markets now price Fed…
MUFG’s Lloyd Chan reports that June Federal Open Market Committee (FOMC) minutes show policymakers increasingly concerned that US inflation could stay elevated, with some seeing a case for a rate hike. Most participants…
The US Dollar is trading lower against the Swiss Franc (CHF) on Thursday, as investors ponder the consequences of reciprocal US and Iran attacks and a 10% rebound in Oil prices, on the major central banks' monetary poli…
EUR/JPY extends its gains for the second successive day, trading around 185.70 during the early European hours on Thursday. The currency cross maintains its upward momentum following stronger-than-expected seasonally-ad…
United Overseas Bank’s (UOB) Quek Ser Leang notes USD/JPY retains an upside bias, with scope for a test of 162.80 intraday while major resistance at 163.00 is unlikely to be reached. Over 1–3 weeks, the outlook is mixed…