Silver (XAG/USD) remains practically flat on Tuesday, trading at its lowest levels in nearly two months on Tuesday, around $60.80, failing to find follow-through above $61.00 and on track for a 8.5% monthly selloff in S…
GBP/JPY trades lower on Tuesday as the Japanese Yen (JPY) outperforms its major peers, supported by growing concerns that Japanese authorities could intervene in the currency market again. At the time of writing, the cr…
OCBC’s Christopher Wong observes that Singapore Dollar (SGD) has held relatively steady despite softer Asian FX, with USD/SGD around 1.2780. Strong manufacturing output and persistent underlying price pressures lead OCB…
Brown Brothers Harriman highlights that the Reserve Bank of Australia delivered a widely expected 25 bps hike to 4.60%, a 15-year high, and kept the door open to further tightening. AUD/USD initially rallied on the hawk…
Societe Generale’s FX strategy team reports EUR/USD remains under pressure, trading at a three-month low and moving toward the June low at 1.1325. The bank flags support at 1.1325 and 1.1270, with resistance at 1.1410. …
BNY Markets’ John Velis observes that US real yields across the curve have risen sharply, driven more by expectations of further policy tightening than by inflation fears. Markets see the Fed and other central banks rea…
U.S. President Donald Trump said a preliminary agreement to end the war has been signed by the U.S. and Iran. Details have yet to be made public but that didn't stop global markets from cheering and sending oil prices …
Scotiabank’s Global FX Strategy team, led by Shaun Osborne and Eric Theoret, notes broad Dollar strength versus most G10 currencies, with focus on Oil, US yields and the Federal Reserve rate path. The team stresses that…
European Central Bank (ECB) Governing Council member and Governor of the National Bank of Slovakia (NBS), Peter Kazimir, said during the European trading session on Tuesday that the interest rate hike at the policy meet…
OCBC’s Christopher Wong reports USD/IDR briefly traded back towards 18,000 as higher Oil prices, elevated US Treasury yields and a firm Dollar weighed on the Indonesian Rupiah. Bank Indonesia has shifted intervention to…
EUR/CAD halts its three-day winning streak, trading around 1.6100 during the European hours on Tuesday. The currency cross experiences downward pressure as the Euro (EUR) softens ahead of key economic data releases from…
Christopher Wong at OCBC notes Gold has extended its decline to a seven-week low, pressured by higher Oil prices, firm US Treasury yields and a stronger Dollar. The break below $4,200 has intensified technical selling, …
Iran's parliament speaker Mohammad Bagher Qalibaf says during the European trading session on Tuesday that no one in the region shall sell its oil if Iran cannot sell its oil, according to state media, Reuters report. Q…
The US Dollar (USD) is up 0.12% at around 1.4190 against the US Dollar (USD) during the European trading session on Tuesday. The Loonie pair trades higher as the US Dollar outperforms, with financial markets becoming in…
The Indian Rupee (INR) recovers its early losess after sliding to a fresh two-month low against the US Dollar (USD) and closed flat on Tuesday. The USD/INR pair closes flat at around 95.98 after rectreating from the day…
Gold (XAU/USD) clings to modest recovery gains through the first half of the European session, albeit it lacks follow-through and remains below $4,150. Moreover, the bearish fundamental backdrop keeps the precious metal…
EUR/JPY remains subdued for the third successive day, trading around 178.80 during Asian hours on Tuesday. Technical analysis of the daily chart shows that the currency cross remains confined within a descending channel…
The USD/JPY pair posts modest gains around 157.40 during the Asian trading hours on Tuesday. Traders remain on high alert for currency intervention after US Treasury Secretary Scott Bessent and Japan's Finance Minister …
The AUD/USD pair extends its consolidative price moves through the Asian session on Tuesday, trading just above the 0.7000 psychological mark, near the lowest level since August 4 ahead of the Reserve Bank of Australia …
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its gains for the second successive day and trading around 101.20 during Asian hours on Tuesday.
Japanese Finance Minister (FM) Satsuki Katayama said on Tuesday that she believes that undervalued Japanese Yen is problematic, while saying that she agreed with Treasury Secretary Scott Bessent to beef up cooperation w…
The EUR/USD pair is seen consolidating around the 1.1365-1.1370 region during the Asian session on Tuesday and trading near its lowest level since July 28, touched the previous day. Traders now seem hesitant and opt to …
The Reserve Bank of Australia (RBA) is widely expected to raise the Official Cash Rate (OCR) by 25 basis points (bps) to 4.60% from 4.35% on Tuesday, after keeping rates unchanged at its previous two meetings
The dollar starts the final week of September regaining ground against the yen. USD/JPY trades at 157.746, up 0.4985 or 0.32% on the session, after bouncing from a Monday low of 156.95. The pair printed 157.79 during As…