United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note that USD/SGD extended higher than expected, with the pair touching 1.2814 instead of staying in the prior intraday range. Short-term momentum suggests sco…
Yemen's Iran-aligned Houthis said on Tuesday that it had launched a ballistic missile toward the Ras Tanura oil refinery in eastern Saudi Arabia, the kingdom’s largest refinery, Reuters reported.
Gold price (XAU/USD) jumps to around $4,065 during the early Asian session on Wednesday, bolstered by lower oil prices. Traders await the Federal Reserve's (Fed) policy meeting later on Wednesday for signals on the fut…
OCBC’s Sim Moh Siong and Christopher Wong report that IDR remains under pressure despite new IDX measures to address MSCI’s transparency concerns. They retain a mildly cautious bias, stressing that enforcement and forei…
The Australian Dollar consolidates for the fourth straight day versus the US Dollar, yet registers modest gains of 0.11%, as price action shifts to choppy ahead of the Federal Reserve’s monetary policy decision. A busy …
Lloyd Chan at MUFG focuses on Thai Baht as a key expression of the Oil shock in Asia. He cites September trade data showing a sharply wider deficit, driven by surging imports outpacing strong exports. MUFG expects the B…
Commerzbank’s Dr. Henry Hao and FX analyst Charlie Lay highlight that Singapore’s September inflation and manufacturing data softened, keeping underlying price pressures contained despite higher global energy costs. MAS…
The yen was 0.16% weaker at 157.73 per dollar, inching further away from the one-month high it touched last week ahead of the Bank of Japan policy decision later this week. The yen had lost ground on Monday too.
Australia’s Consumer Price Index (CPI) rose by 4.3% year-over-year (YoY) in September, compared to a 4.0% growth reported in August, the latest data published by the Australian Bureau of Statistics (ABS) showed on Wedne…
The US Dollar (USD) has added to Monday’s optimism, advancing to the area of fresh two-week highs on the back of mixed US Treasury yields and the continuation of the pre-Fed cautious stance in the global markets.
DBS Group Research economist Ma Tieying reviews South Korea’s preliminary 3Q GDP data, highlighting solid growth and strong exports led by semiconductor shipments, alongside weaker private consumption after the KOSPI co…
GBP/USD traded at 1.3310 on Tuesday afternoon, down 0.25% from Monday’s close at 1.3342, extending its losing streak to four sessions. The pair opened at 1.3343, touched a session high of 1.3349 in the European morning …
Scotiabank strategists Shaun Osborne and Eric Theoret say British Pound (GBP) is softer versus the Dollar as markets stay cautious ahead of Wednesday’s UK budget. Overnight GBP/USD volatility is firmer, but a fiscally c…
USD/CHF advances for the third straight day, registering modest gains of 0.09% on Tuesday, with the pair recovering some ground after hitting a monthly low of 0.8191 last Friday. The pair exchanges hands at 0.8282 with …
AUD/USD edges higher on Tuesday as hawkish Reserve Bank of Australia (RBA) expectations help the Australian Dollar (AUD) outperform its major peers. A recovery in equity markets as concerns over heavy AI spending subsid…
Scotiabank strategists Shaun Osborne and Eric Theoret note the US Dollar (USD) is supported by sentiment even as rate differentials soften. They highlight a widening gap between US Dollar Index (DXY) and fair value, and…
Gold prices stage a rebound off a daily low of $3,989, rising over 1% on Tuesday even as the US Dollar and US Treasury yields rose. Falling Oil prices provide a leg up for the yellow metal, while investors brace for the…
Brown Brothers Harriman’s (BBH) Elias Haddad expects Chile’s central bank to keep its policy rate at 4.50% for a sixth meeting, despite market pricing for future hikes. He argues this path is too aggressive given weak d…
EUR/USD remains on the back foot on Tuesday as the Euro (EUR) underperforms across the board amid concerns over France’s public finances, while a firmer US Dollar (USD) adds pressure. At the time of writing, the pair tr…
National Bank of Canada (NBC) economists Taylor Schleich and Ethan Currie argue that economic slack and contained core inflation have allowed the Bank of Canada to be patient, but sustained high Oil prices and a firmer …
The US Dollar has been one of the strongest performers among major currencies in the last few sessions. The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against a basket of six peers, has ralli…
BNY Markets’ John Velis previews the October FOMC, expecting no rate hike this week but a possible move in December. He notes market-implied probabilities show the Fed funds rate peaking just above 4.5% with around thre…
Societe Generale strategists highlight severe pressure on the Brazilian Real, which will resume trading at 5.4155 after an 8.5% drop driven by unwinding of long positions. They note the pair has retested the July 2025 h…
New orders for manufactured Durable Goods in the United States (US) rose by $6.3 billion, or 1.8%, to $345.4 billion in September, the US Census Bureau reported on Tuesday. This reading followed a 0.1% decline recorded …