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Forex Today: Oil collapses on Iran talks, Yen holds gains

Oil prices fell sharply on Monday amid growing expectations that talks between the US and Iran will resume soon. US President Donald Trump stated that conversations are underway after Tehran said it had no plans for dir…

Gold slips as USD rebounds, strong ISM data clouds Fed path

Gold (XAU/USD) price retreats on Monday as the US Dollar (USD) recovers some ground, even though hostilities in the Middle East paused at the request of Iran and other Middle Eastern countries, according to US President…

Trump: This is a last chance for Iran

United States (US) President Donald Trump said on Monday that Washington is currently holding talks with Iran, adding that the discussions are taking place at Tehran's request and describing them as a final opportunity …

Singapore Dollar: Upside bias capped against US Dollar – UOB

United Overseas Bank’s (UOB) Quek Ser Leang notes USD/SGD slipped to 1.2809 but closed near 1.2821, with intraday bias still pointing lower. However, he highlights 1.2790 as significant support that may hold unless mome…

Latin America: Duration favored over carry – BNY

Geoff Yu at BNY sees Brazil and Mexico operating in a more comfortable policy environment after the Fed decision, with anchored United States (US) front-end yields supporting emerging-market duration. Yu argues that Lat…

Taiwan: Growth stays strong as normalization begins – DBS

DBS Group Research economist Ma Tieying notes Taiwan’s 2Q GDP growth slowed to 12.9% year-on-year from 14.5% in 1Q, but remained solid on a quarterly basis. The report highlights narrowing divergence between exports and…

Washington Joins the Fight for the Yen

US and Japanese authorities have confirmed that they have jointly intervened in FX markets to support the yen. Joint intervention is rare and points to new FX activism from the US Treasury. Yet a successful turn lower i…

Why is Infleqtion stock volatile today?

Infleqtion Inc. stocks have been trading down by -11.9 percent following reports of delayed quantum product launches dampening investor confidence.

Oil: Hormuz risks keep prices in focus – Rabobank

Rabobank's Senior Market Strategist Benjamin Picton discusses recurring Middle East tensions around the Strait of Hormuz and their impact on Oil and Brent. Picton notes that strikes on Iran have been halted again, pushi…

Japanese Yen: Joint intervention supports yen outlook – MUFG

MUFG’s Lee Hardman notes that the Japanese Yen has strengthened as Japan and the US conducted joint intervention to counter recent volatility. He highlights planned use of the Federal Reserve’s FIMA Repo Facility, US eu…

Federal Reserve: Data driven rate path – HSBC

HSBC strategists note that the Federal Reserve (Fed) left policy rates unchanged in July, with markets now assigning a two-thirds probability to a September hike. They stress that Chair Warsh’s data-dependent stance put…

WTI stays lower near $78.50 ahead of US-Iran peace talks 2.0

West Texas Intermediate (WTI), futures on NYMEX, trade 7.4% lower at around $78.50 during the European trading session on Monday. The Oil price holds onto its opening losses, driven by the announcement of a ceasefire 2.…