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Markets

Oil tumbles to $85, markets await Nvidia earnings
U.S. stock indices recovered a small part of their recent losses yesterday as oil prices and bond yields declined, modestly…
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Metals

Gold remains depressed below $4,650 on firmer USD; looks to US PCE for Fed rate outlook
Gold is seen consolidating in a range as bulls keenly await the release of the US PCE data. Fading Fed…
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Banks

Australian Dollar: RBA waits as inflation sticks – Commerzbank
Volkmar Baur at Commerzbank notes that the Reserve Bank of Australia (RBA) is in wait-and-see mode after three rate hikes,…
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Banks

US Dollar: Core PCE and Warsh remarks in focus – OCBC
OCBC Bank strategists Sim Moh Siong and Christopher Wong highlight that lower energy prices have helped pull US and European…
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Banks

Equities: Tech-led gains with softer Oil – Deutsche Bank
Deutsche Bank notes that Nvidia’s earnings have become a major macro catalyst, although the impact of positive surprises has faded…
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Forex

USD/JPY Price Forecast: 20-day EMA continues to act as key barrier
USD/JPY declines to near 159.00 amid hawkish BoJ expectations. Investors keenly await the US PCE Inflation data for July. The…
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Banks

British Pound: Upside remains intact above 1.3605 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann maintain a positive 1–3 week outlook for GBP/USD, with 1.3700 still in…
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Forex

British Pound edges lower below 1.3650 as traders await US PCE release
GBP/USD drifts lower to around 1.3625 in Wednesday’s early European session. Traders brace for the release of US PCE data…
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Banks

Euro: Holds near 1.1670 against US Dollar as rate moves offset – Danske Bank
Danske Research Team reports that EUR/USD remained little changed around 1.1670, with the chart showing only a modest pullback from…
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Forex

NZD/USD Price Forecast: Dips below 0.5950, fresh weekly low as USD firms ahead of US PCE
NZD/USD attracts some sellers on Wednesday as the USD strengthens ahead of the PCE data. A combination of factors might…
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