Banks
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Gold: Forecasts revised lower on yields – OCBC
OCBC’s strategists Sim Moh Siong and Christopher Wong turn more cautious on Gold in the near term, cutting its price…
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Polish Zloty: NBP on extended hold with mixed inflation – Commerzbank
Commerzbank’s Tatha Ghose expects Poland’s National Bank of Poland (NBP) to keep its base rate unchanged for an extended period,…
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Brent: Hormuz risk premium and Asia FX – MUFG
MUFG’s Michael Wan notes that negotiations around the US-Iran conflict and developments in the Strait of Hormuz remain a key…
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Australian Dollar: Manufacturing slowdown and housing cooling – BNY
BNY’s Bob Savage flags softer Australian activity, with manufacturing PMI only marginally in expansion as new and export orders fall and cost…
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British Pound: Stronger Dollar caps gains near 1.3500 – ING
ING’s Chris Turner notes that Bank of England Governor Andrew Bailey has successfully dampened expectations for further tightening, with priced…
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Gold: Macro headwinds cap CTA upside – TD Securities
TD Securities’ Ryan McKay and Bart Melek note that Gold has lagged the broader commodity basket, especially Oil and base…
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Japanese Yen: Battle near 160 shapes June outlook against US Dollar – MUFG
MUFG’s Teppei Ino notes USD/JPY is encountering strong topside resistance and potential intervention risks just below 160. He expects renewed…
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Brent: Key supports and rebound risks – Societe Generale
Societe Generale analysts note Brent has pulled back after forming a lower high and slipping under its 50-day moving average.…
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Euro: CPI path cushions downside against dollar – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad expects Eurozone May Consumer Price Index (CPI) to remain close to the European Central…
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Oil: Hormuz disruption keeps market strained – Societe Generale
Societe Generale’s Michael Haigh and Jeremy Sellem argue that the proposed U.S–Iran ceasefire framework would only gradually restore flows through…
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