Banks
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USD/TRY: Year-end target at 55.0 – Commerzbank
Commerzbank’s Tatha Ghose says their worst-case scenario materialised after the Turkish central bank left policy unchanged, relying on FX intervention…
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USD: Fed politics skew downside risks – TD Securities
TD Securities strategists argue that Kevin Warsh’s path to the Fed chair and related independence concerns mostly point to a…
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USD/CAD: Limited upside within bearish setup – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar (CAD) is holding relatively firm against a stronger US…
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USD: Statecraft focus reshapes FX benchmarks – Rabobank
Rabobank’s Global Strategist Michael Every highlights how United States (US) economic statecraft is reinforcing the global role of the US…
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NOK: April outperformance and downside risks for EUR/NOK – ING
ING’s Francesco Pesole notes that the Norwegian Krone (NOK) has rallied sharply versus both US Dollar (USD) and Euro (EUR)…
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Euro area: Stagflation risks rise with price surge – Nomura
Nomura analysts note that April Euro area PMIs point to stagflation risks as activity softens while price indices jump to…
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EUR/USD: PMI signals and softer pair – Danske Bank
Danske Research Team highlights that Euro area April flash PMIs (Purchasing Managers’ Index) are a key input ahead of the…
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China: Policy goals support non-fossil shift – Standard Chartered
Standard Chartered economists Hunter Chan and Shuang Ding argue that China has weathered the recent Middle East Oil shock relatively…
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Brent: Pullback phase and key levels – Societe Generale
Societe Generale strategists note that Brent has retreated from recent highs after President Trump extended the Iran ceasefire indefinitely, with…
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EUR/USD: Downside bias within defined range – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight that EUR/USD slipped to 1.1742 as the Dollar firmed on…
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