Banks
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Oil: Middle East tensions revive inflation channel – BNY
BNY reports that renewed Iranian–U.S. hostilities lifted Brent above 3%, reviving the inflation channel but remaining secondary to Fed and…
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US Dollar: Long positioning faces FOMC risk – DBS
DBS Bank’s Philip Wee notes that Dollar bulls have built substantial long USD positions ahead of the FOMC, encouraged by…
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Federal Reserve: Poised decision keeps markets on edge – Deutsche Bank
Deutsche Bank’s US economists expect the Federal Reserve to leave rates unchanged at a highly uncertain FOMC meeting, with markets pricing a…
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Oil: Persian Gulf risks support prices – ING
ING analysts Warren Patterson and Ewa Manthey note Brent rebounded over 4% after recent losses as renewed attacks on US…
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Euro: Softer Fed signals may lift EUR against US Dollar – Commerzbank
Commerzbank’s Antje Praefcke argues that the FOMC under Chair Kevin Warsh is likely to deliver a “hawkish hold”, with markets…
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Indian Rupee: Hedging demand rises on bond gains – BNY
BNY’s Geoff Yu highlights that INR faces strong selling pressure from a rebalancing perspective, as Indian bonds have outperformed major…
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Oil: Volatile on Iran conflict swings – UOB
UOB strategists report that Oil prices initially fell sharply as the United States (US) military campaign against Iran remained paused,…
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Japanese Yen: Fed and energy drivers outweigh BoJ – ING
ING’s Chris Turner and Padhraic Garvey expect the Bank of Japan to keep its policy rate at 1.00% on 31…
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Euro: Softer Fed signals may lift EUR against US Dollar – Commerzbank
Commerzbank’s Antje Praefcke argues that the FOMC under Chair Kevin Warsh is likely to deliver a “hawkish hold”, with markets…
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Swiss Franc: Weak performance tied to carry and Gold – TD Securities
TD Securities strategists argue that the Swiss Franc’s (CHF) underperformance since the February 2026 Iran shock reflects both low-yield carry…
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