Banks
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Australian Dollar: Still in weak phase against US Dollar – UOB
United Overseas Bank’s Quek Ser Leang and Lee Sue Ann note AUD/USD remains under pressure after an impulsive decline, though oversold conditions…
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US Dollar: Strength extends as growth holds – Commerzbank
Commerzbank’s Volkmar Baur notes that despite easing Oil prices and lower inflation expectations, market pricing still anticipates at least one…
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Equities: Tech selloff spreads despite chip strength – Deutsche Bank
Deutsche Bank strategists note that tech weakness extended from the Magnificent 7 and Apple into Asian markets, weighing on risk…
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British Pound: Range trade holds against US Dollar – UOB
United Overseas Bank’s Quek Ser Leang and Lee Sue Ann note GBP/USD failed to test major support at 1.3110, instead…
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Oil: Downside momentum persists as flows recover – ING
ING strategists Warren Patterson and Ewa Manthey note that Oil rebounded after a vessel was struck in the Persian Gulf,…
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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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