EUR/USD trades flat on Friday as traders reassess the inflationary impact of surging Oil prices amid escalating tensions in the Middle East, which have disrupted energy supplies through the Strait of Hormuz. At the time…
West Texas Intermediate (WTI) trades around $81.10 at the time of writing on Friday, up 2.76% on the day, and is heading for a weekly gain of more than 13% as geopolitical tensions in the Middle East continue to escalat…
Federal Reserve (Fed) Bank of Cleveland President Beth Hammack said in a LinkedIn post on Friday that inflation pressure remains broad-based, with businesses calling for policy action and consumers expressing a growing …
USD/CHF trades around 0.8070 at the time of writing on Friday, down 0.22% on the day. The pair remains under pressure as safe-haven demand for the Swiss Franc (CHF) offsets modest support for the US Dollar (USD) followi…
USD/CHF trades with a downside bias on Friday as the Swiss Franc (CHF) outperforms its major peers, while the US Dollar (USD) is little changed. At the time of writing, the pair trades around 0.8074 after reaching 0.814…
Scotiabank’s Shaun Osborne and Eric Theoret note the US Dollar (USD) is broadly firmer as risk aversion dominates, with equities weaker and Oil higher. The US Dollar Index' (DXY) broader drift from late June highs has s…
The US Dollar Index (DXY) trades nearly unchanged around 100.70 on Friday after surrendering part of its initial advance. The Greenback received temporary support from stronger US housing starts and consumer confidence,…
TD Securities’ Macro Research team, led by Howard Du with contributions from Jayati Bharadwaj and Linda Cheng, argues that the recent Pound strength versus the Euro has overshot fundamentals. They highlight that EUR/GBP…
The Pound Sterling retreats during the North American session, down 0.22% against the Greenback, as geopolitical tensions remained high, triggering a jump in Oil prices and heightening fears of a reacceleration of infla…
Scotiabank’s Shaun Osborne and Eric Theoret report EUR/USD trading slightly lower in quiet conditions as markets look ahead to next week’s ECB meeting, with policymakers in a blackout period and implied volatility subdu…
MUFG’s Derek Halpenny notes that ongoing Middle East conflict, stronger United States (US) data and crude Oil risks are limiting US Dollar (USD) selling. Better manufacturing and retail figures have not shifted Fed expe…
Markets are still moving higher, but the tone has become more cautious. Earlier in the rebound, investors were willing to buy almost anything tied to artificial intelligence (AI), growth, or economic recovery. Now, afte…
ING’s Frantisek Taborsky reports a broad risk-off move in Central and Eastern Europe (CEE), with elevated Oil and higher core yields pushing CEE rates up. Hungarian assets have suffered heavy selling, which he links to …
The Euro (EUR) records mild losses against the US Dollar (USD) for the second consecutive day on Friday. The EUR/USD pair trades at 1,1430 after being capped at 1.1480 earlier this week, extending the sideways trend, as…
Luxury stocks tanked early Wednesday after Gucci-owner Kering and Hermes reported first-quarter earnings that disappointed investors amid a conflict in the Middle East that is hitting luxury sales.
The University of Michigan (UoM) will release the preliminary estimate of July’s Consumer Sentiment Index on Friday. The UoM report, measuring consumers’ feelings about personal finances, business conditions, and purcha…
OCBC Bank strategists Sim Moh Siong and Christopher Wong highlight that the US Dollar (USD) remains supported by its yield advantage and safe-haven status, with FX moves still fitting the USD smile framework. They expec…
Nordea’s Jan von Gerich expects the European Central Bank to leave policy rates unchanged at the July meeting, describing it as a pause rather than a shift in stance. Lower-than-expected June inflation and volatile Midd…
MUFG’s Derek Halpenny highlights that the Japanese Yen (JPY) remains near cyclical lows, but Government Pension Investment Fund (GPIF) and Japan Trusts flows already show a shift back toward JGBs. He argues that formali…
NZD/USD declines on Friday, trading around 0.5830 at the time of writing, down 0.19% on the day, as investors seek safe-haven assets following a fresh wave of US strikes against Iran. The US Dollar (USD) benefits from t…
Societe Generale’s Anatoli Anenkov expects no policy change at next week’s European Central Bank (ECB) meeting, with the central bank reiterating its data-dependent, meeting-by-meeting approach. Recent Euro Area data, i…
The digital market has become a central pillar of the global economy. In 2016, the World Bank estimated that digital economic activity was worth approximately $11.5 trillion, accounting for 15.5 percent of global GDP. S…
United Overseas Bank (UOB) strategists Quek Ser Leang and Christopher Wong note GBP/USD has corrected sharply from recent highs near 1.3556 but now looks set to consolidate between 1.3450 and 1.3520 intraday. The 1–3 we…
TD Securities strategists see asymmetric downside risks for the British Pound (GBP) against the Euro (EUR). They argue that EUR/GBP appears notably undervalued relative to rate differentials, data surprises and equity p…