Finance
The NZD/USD is poised to finish Monday’s session virtually unchanged near its opening price, despite a modest 0.08% gain as the US Dollar weakens amid rising tensions in the Middle East. The pair trades above 0.5900.
Finance
The Mexican Peso (MXN) appreciates by about 0.20% against the US Dollar (USD) on Monday, even as risk appetite deteriorated amid the escalation of the US-Iran conflict, which triggered a jump in energy prices. This exer…
Finance
The Bank of Canada is widely expected to hold the overnight rate at 2.25% at Wednesday’s policy announcement—marking a sixth consecutive pause after 50 basis points of cuts over September and October last year.
Finance
Scotiabank strategists Shaun Osborne and Eric Theoret highlight that the Japanese Yen (JPY) is modestly stronger versus the US Dollar (USD), helped by upbeat domestic data including robust retail sales and industrial pr…
Finance
Gold (XAU/USD) price retreats some 0.40% on Monday after last Friday's hawkish remarks by Federal Reserve (Fed) Chair Kevin Warsh, which sparked speculation of a possible rate hike at the September meeting. Despite this…
Finance
Commerzbank’s Dr. Henry Hao argues that two months of broad Purchasing Managers' Index (PMI) contraction leave China’s Gross Domestic Product (GDP) growth tracking below the official 4.5%-5.0% target, intensifying press…
Finance
US President Donald Trump said on Monday that strikes on Iran will be limited, following a previous story reported by Axios, which said that he and his senior aides are considering waging limited strikes in Hormuz to pr…
Finance
The Dow Jones Industrial Average closed just short of 53,300, roughly 250 points and about 0.5% lower, after American forces struck two Iranian rocket launchers on Larak Island and Tehran answered with missile and drone…
Finance
National Bank of Canada's (NBC) Taylor Schleich and Ethan Currie expect the Bank of Canada (BoC) to keep its overnight rate at 2.25% and maintain current balance sheet policy. They argue markets still overprice late-202…
Finance
Wee Khoon Chong at BNY reports strong Japanese macro data and resilient housing and commerce indicators, supporting the narrative that Japan has exited deflation and Bank of Japan (BoJ) normalization remains in play. US…
Finance
Silver (XAG/USD) rebounds on Monday and trades around $66.70 at the time of writing, up 0.40% on the day. The main obstacle to a stronger recovery in Silver remains the shift in expectations surrounding the Federal Rese…
Finance
OCBC FX Strategist Sim Moh Siong and Christopher Wong note that Fed Chair Warsh’s Jackson Hole speech eased debasement concerns and supported the Dollar, with Gold lower and the US yield curve flatter. They say structur…
Finance
BNY’s Wee Khoon Chong notes Oil prices are underpinned by renewed U.S.–Iran tensions near the Strait of Hormuz and President Trump’s claim of a deal granting U.S. majority control over Venezuela’s vast reserves. Chong s…
Finance
Rabobank strategists expect the Bank of Canada (BoC) to keep its overnight rate at 2.25% at the September 2 meeting and through 2027, despite markets pricing in around 17bp of tightening by year-end. They highlight stro…
Finance
GBP/JPY trades on the back foot on Monday as the Japanese Yen (JPY) strengthens against its major peers. The Pound Sterling (GBP), meanwhile, lacks a fresh domestic catalyst as UK markets remain closed for the Summer Ba…
Finance
DBS Group Research economist Philip Wee notes that the US Dollar (USD) recovered after Fed Chairman Kevin Warsh’s Jackson Hole speech, as futures pricing restored a meaningful probability of a September FOMC rate hike. …
Finance
Gold (XAU/USD) trades flat on Monday after opening the week lower and briefly falling below $4,400, its lowest level since August 19, during Asian trading hours. The metal lacks strong upside momentum as hawkish Federal…
Finance
USD/IDR extends its gains for the second successive day, trading around 17,790 during the European hours on Monday. However, the upward momentum for USD/IDR remains capped by broader US Dollar (USD) weakness.
Finance
It was a "good week" for the Australian dollar, the currency climbing to fresh leg highs of 0.7208 against the US dollar Friday night and reaching multi-year highs against several major currencies. However, the move cam…
Finance
Financial markets adopt a cautious stance on the last day of August as investors assess shifting odds of a Federal Reserve (Fed) interest rate hike in September and re-escalating tensions in the Middle East. The economi…
Finance
Gold (XAU/USD) struggles to capitalize on a modest intraday bounce from sub-$4,400 levels – a one-and-a-half-week low – and sticks to a negative bias heading into the European session on Monday. The US Dollar (USD) ease…
Finance
Geoff Yu at BNY argues that upcoming German CPI and Eurozone flash CPI are critical for European Central Bank expectations, with markets already pricing a near-certain September hike. While services inflation is softeni…
Finance
The Euro (EUR) is looking for direction against the British Pound (GBP) on Monday, following a sharp reversal last Friday, with bears eyeing the bottom of the last two weeks’ trading range, just below 0.8550. Negative p…
Finance
US Treasury Secretary Scott Bessent said on Sunday recent Japanese Yen (JPY) moves were "pretty well contained," suggesting the Japanese currency's renewed weakness were not seen as the kind of disorderly moves that l…