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Markets

Why is the Japanese Yen stuck near 159.25 after the first joint US-Japan intervention since 2011?
The Japanese Yen (JPY) continues to navigate complex market dynamics, consolidating near the 159.25 level against the US Dollar (USD) following a sharp upward…
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Markets

Are Geopolitical Sentiments Shifting Again? European Stocks Await CPI
The main European stock market indices have opened calmly today and are trading close to their benchmark levels, consolidating around…
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Metals

Steel Rebounds from 1-Year Low
Steel rebar futures in China rose above CNY 3,000 per tonne, rebounding from the one-year low of CNY 2,085 on…
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Banks

Euro: Soft US CPI could support gains against US Dollar – ING
Chris Turner at ING notes EUR/USD remains lacklustre despite better Eurozone data and upside surprises, as high European natural gas…
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Markets

USD/JPY Nearing 160
The Japanese currency has weakened by 1% against the dollar this week. It has been two weeks since the record…
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Banks

Canadian Dollar: Looks to extend recovery against US Dollar – Societe Generale
Societe Generale’s Kenneth Broux highlights that the Canadian Dollar has recovered to its strongest level in two months, with USD/CAD mean‑reverting to…
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Banks

US Dollar: CPI-driven range signals carry focus – OCBC
OCBC’s Sim Moh Siong and Christopher Wong highlight that the US Dollar (USD) stayed mixed as markets waited for the…
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Soft Commodities

Wheat Jumps as Black Sea Supply Risks Mount
Wheat prices surged more than 3% to above $6.50 per bushel on Wednesday, moving closer to the two-year high of…
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Banks

Oil: Hormuz risk supports prices – Commerzbank
Commerzbank’s Charlie Lay and Dr. Henry Hao note that Brent and WTI firmed as markets reassessed prospects for a Hormuz…
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Forex

British Pound holds steady above 1.3500 vs USD as traders eye US CPI ahead of UK GDP
GBP/USD struggles to gain any meaningful traction ahead of the key US-UK macro releases. The US CPI is due later…
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