Banks
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Copper: Weak China imports contrast with bullish positioning – ING
ING strategists Ewa Manthey and Warren Patterson highlight that China’s latest trade data show continued weakness in copper imports, with…
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US Dollar: Higher hurdle for sustained gains – MUFG
MUFG’s Derek Halpenny notes that weaker US jobs data have not triggered a strong reaction in Dollar or rates, as…
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Oil: Strait risk and cautious positioning – ING
ING analysts Ewa Manthey and Warren Patterson note that Oil prices remain supported by uncertainty around the Strait of Hormuz…
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Japanese Yen: BoJ tightening risks support JPY – BNY
BNY’s Wee Khoon Chong highlights that long-end JGB yields are rising on inflation and fiscal concerns, with markets pricing a…
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Euro: Modest upside bias against US Dollar as Fed repricing – Rabobank
Rabobank’s Senior FX Strategist Jane Foley discusses recent EUR/USD strength, noting it was mainly driven by a softer Dollar after…
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Australian Dollar: RBA policy pause maintained – TD Securities
TD Securities strategists expect the Reserve Bank of Australia (RBA) to leave the cash rate unchanged at 4.35%, noting that…
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Canadian Dollar: Recovery against US Dollar faces tariff risks – Commerzbank
Michael Pfister at Commerzbank highlights a strong Canadian labour market and improving Gross Domestic Product (GDP), Purchasing Managers’ Index (PMI)…
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Brent: Iran talks keep risk premium in focus – Deutsche Bank
Deutsche Bank strategists highlight that negotiations between Iran and Oman over a new shipping framework through the Strait of Hormuz…
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Romanian Leu: Rating relief but NBR stays cautious – ING
ING’s Frantisek Taborsky says Romania’s unchanged Baa3 rating at Moody’s and prior Fitch decision should ease pressure after recent ROMGBs…
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Japanese Yen: Intervention faces persistent rate gap – HSBC
HSBC Asset Management reviews recent coordinated intervention by Japanese and US authorities to support the Japanese Yen, recalling the sharp…
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