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US Dollar: Yield support erodes on weaker inflation – DBS

DBS Group Research economist Philip Wee notes that softer US CPI and labour data kept DXY locked in a 99.4–100.1 range after the USD/JPY sell-off linked to joint US-Japan interventions. Markets sharply reduced the impli…

Finance

Euro: Choppy range trading outlook against US Dollar – Rabobank

Rabobank's Senior FX Strategist Jane Foley discusses EUR/USD dynamics in light of shifting Fed rate hike expectations and Oil-related safe haven flows into the Dollar. Foley expects choppy range trading in EUR/USD with …

Finance

Why is Sixt stock surging today?

Group says ‘time is right’ to move on VodafoneThree less than a year after combining, buying out CK Hutchison and bulking up in its home market. Management cites progress on synergies, but jury’s out on ‘success’ of mer…

Finance

U.S. Treasuries steady after softer monthly PPI

There’s possibly more U.S.-Japanese intervention to support the yen, key economic data, and, whether the U.S. will accept an emerging interim deal being negotiated by Iran and Oman that would give Tehran control of the …

Finance

Forex Today: US Dollar stabilizes ahead of next batch of US data

The action in financial markets remains relatively subdued early Thursday, with major currency pairs fluctuating within their narrow weekly ranges. In the second half of the day, weekly Initial Jobless Claims and Produc…

Finance

Gold: Upside capped by Fed hike risks – TD Securities

TD Securities’ Bart Melek notes Gold extended gains after the July Consumer Price Index (CPI) matched expectations, reinforcing a dovish narrative around Fed Chair Warsh. With prices near $4,434/oz and resistance just b…

Finance

Commodities: Weaker Dollar lacks growth catalyst – BNY

Geoff Yu at BNY says a less hawkish Fed has weakened the Dollar, but this has not translated into a broad commodity rally. Institutional investors remain sellers of metals and miners, while EM commodity sovereign debt c…

Finance

Pound Sterling runs out of room at the July high

Sterling spent the London morning building a case for a break and the rest of the session dismantling it, trading near 1.3495 after a high just short of 1.3550 and a loss of not quite a tenth of a percent. The mid-July …

Finance

Iran says no progress on interim peace deal with US — Reuters

The United States (US) and Iran remain at ​loggerheads over efforts to agree a permanent end to the war in the Middle East, Reuters reported on Wednesday. A senior Iranian source said that there had been no progress in …

Finance

GBP/JPY Price Forecast: 50-day SMA caps sideways trading

The GBP/JPY holds firm on Wednesday at around 215.00, as neither buyers nor sellers are reluctant to open fresh directional bets amid fears of renewed intervention in the FX markets by US and Japanese authorities to pro…

Finance

The Japanese Yen gives back half of what Tokyo bought

The Dollar has spent Wednesday grinding higher against the Yen with no headline to carry it, trading near 159.50 after a low just beneath 158.60 and a gain of under a tenth of a percent. Close to two Yen have been added…

Finance

Indonesia: BI succession supports Rupiah stability – DBS

DBS Group Research’s Radhika Rao reports that Indonesia’s onshore markets welcomed President Prabowo’s nomination of Deputy Governor Destry Damayanti as the next Bank Indonesia Governor. She stresses that an experienced…

Finance

Cooler inflation buys the Dow Jones Industrial Average nothing

The July Consumer Price Index (CPI) landed at 12:30 GMT on every line the consensus had written for it, and the Dow Jones Industrial Average (DJIA) has spent the hours since handing back the few minutes of enthusiasm th…