Banks
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Japanese Yen: Bears eye 2024 low at 162.00 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note that USD/JPY remains in a range-trading phase intraday,…
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Equities: Rotation persists as tech sells off – Danske Bank
Danske Research Team reports a sharp global equity selloff led by a more than 4% drop in tech, even as…
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Indian Rupee: Supported by policy measures against US Dollar – Commerzbank
Commerzbank highlights that USD/INR has stabilised between 94.00 and 95.00 since mid-June, trading near 94.74. The range-bound behaviour follows a coordinated package…
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Japanese Yen: Downside bias as BoJ lags Fed – MUFG
MUFG’s Michael Wan notes that the US Dollar (USD) is edging stronger, with USD/JPY moving closer to 162.00 as Asian…
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Oil: US-Iran progress weighs on prices – Commerzbank
Commerzbank reports that diplomatic progress in US-Iran talks has pressured Oil, with Brent falling to USD 77.90 and WTI also…
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Copper: Prices supported by tightening stocks – ING
ING’s Warren Patterson and Ewa Manthey report that Copper prices edged higher on progress in US-Iran talks, which eased transit…
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Euro: Rate spread pressure EUR against US Dollar – Danske Bank
Danske Research Team notes that EUR/USD started the week under pressure as widening interest rate differentials favor the US Dollar…
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British Pound: Range trading with downside risk against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note that GBP/USD closed little changed at 1.3250 after intraday swings,…
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Euro: Services PMI reaction in focus – Commerzbank
Commerzbank’s Michael Pfister highlights persistent headwinds for the Euro after dovish comments from European Central Bank (ECB) President Christine Lagarde reduced market…
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Oil: Energy shock drives macro risks – Rabobank
Rabobank’s Senior Macro Strategist Teeuwe Mevissen highlights that Oil and broader energy markets remain central to the global macro backdrop,…
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