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Tuesday, 6 October 2026

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Finance

USD/JPY: Why Bessent Backs Himself for Successful Intervention

In a recent podcast, I drew the conclusion that US Treasury Secretary Scott Bessent fancies his chances of the recent FX intervention being successful. We agree that the yen is significantly undervalued and are reminded…

BMO XRP Holdings

Bank of Montreal reported a small exposure to XRP-linked ETFs in its latest SEC 13F filing. The bank reported 323 shares of the REX-Osprey XRP ETF worth $2,771 and 20 shares of the ProShares Ultra XRP ETF worth $199, fo…

Euro: Upside bias targets 1.1590 against US Dollar – UOB

United Overseas Bank’s (UOB) Quek Ser Leang highlights that EUR/USD surged to 1.1585, leaving the Euro (EUR) with a firmer tone against the US Dollar (USD). Intraday, the pair could extend gains toward 1.1590, though 1.…

Oil prices edge lower after strong week; Iran jitters persist

August 12, 2026, 3:51 AM EDT. Hill & Smith PLC posted 8% revenue growth to $606.7m in H1 2026, led by 14% organic constant currency expansion in US operations. Underlying operating profit climbed 8% to $102.9m while mar…