Banks
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Swiss Franc: Range trading with limited momentum against US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann keep a range-trading view on USD/CHF around 0.8100, after the pair held…
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Euro: Difficult path for gains against US Dollar – Commerzbank
Commerzbank’s Michael Pfister notes that markets fully price today’s ECB rate hike and see around 85 basis points of additional…
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European Central Bank: Higher energy lifts rate hike expectations – Deutsche Bank
Deutsche Bank reports that rising Oil and natural gas prices are pushing European yields to multi‑year highs and prompting markets…
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Japanese Yen: Structural support from regional flows – BNY
BNY’s Geoff Yu notes that Japanese Yen (JPY) strength is reshaping APAC (Asia-Pacific) FX dynamics by easing prior effective exchange…
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Japanese Yen: Supported by policy shift expectations – MUFG
MUFG’s Lee Hardman notes that the Japanese Yen (JPY) has strengthened, driving USD/JPY back towards 153.00, as comments from US…
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Polish Zloty: Policy on hold keeps PLN supported against Euro – Societe Generale
Societe Generale’s Kenneth Broux and colleagues expect the NBP to keep rates unchanged at 3.75%, with Governor Glapiński emphasising flexibility and data…
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Copper: Record highs driven by tariff uncertainty – ING
ING’s commodities team notes Copper has surged to fresh records on the LME, with three‑month futures nearing $14,800/t, as traders…
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European Central Bank: Further hikes risk skewed to upside – Nomura
Nomura strategists expect the European Central Bank (ECB) to raise rates this week, taking the depo rate to 2.50%, and to keep…
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Polish Zloty: Rate cuts seen off table through year-end – Commerzbank
Commerzbank’s Tatha Ghose expects Poland’s NBP to leave rates unchanged at 3.75% and sees the key question as whether the MPC formally…
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Equities: Broad US pullback as tech limits losses – Deutsche Bank
Deutsche Bank strategists note a broad-based decline in US equities, with the S&P 500 down 0.58% and more than 70%…
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