CICC warns $100 oil could bring demand destruction into view
The upward revision adds a notable data point from a major Chinese institution to the broader narrative that Middle East supply losses are proving more persistent than markets had priced…
Read More »Euro softens below 1.1600 as markets price in Fed rate hike
The EUR/USD pair declines to near 1.1585 during the early Asian session on Monday. The pair extends the decline amid aggressive Federal Reserve (Fed) rate-hike bets following hotter US inflation…
Read More »CFTC Report: Yen reversal leads a broader positioning reset
The week in one sentence: Yen positioning swung back into net longs in the week to September 8, leading to a 103.0K-contract improvement. Canadian Dollar shorts also fell sharply, while…
Read More »investingLive Asia-Pacific market news: Oil holds near highs
BOJ hike next week is a given, the real question is pace and terminal rate Houthis claim total control of Bab el-Mandeb, but wires haven’t confirmed it ANZ sees ECB…
Read More »PBOC is expected to set the USD/CNY reference rate at 6.7174 – Reuters estimate
The fixing mechanism matters most right now because of what it has been signalling over recent weeks. The PBOC set its reference rate at the widest weak side deviation from…
Read More »Japanese Yen: Defensive Yen as BoJ turns hawkish – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret highlight that USD/JPY is edging higher as the Japanese Yen trades defensively after its sharp late-August rally. The Bank of Japan’s messaging is…
Read More »EURUSD Technicals: The EURUSD bounces and retraces the declines from the PPI
The EURUSD moved lower following the stronger-than-expected U.S. PPI data, but the sellers could not extend the decline through the next key target area. The low reached 1.1593, stopping short…
Read More »Euro steadies above 1.1600 ahead of ECB rate decision, US PPI data
The EUR/USD pair holds steady around 1.1635 during the early Asian trading hours on Thursday. Traders prefer to wait on the sidelines ahead of the European Central Bank (ECB) policy…
Read More »Euro: Political risks seen contained for now – Nomura
Nomura’s FX strategists note that recent AfD gains in German regional elections have had little impact on EUR/USD so far, as markets see them as local events with limited national…
Read More »investingLive Asia-Pacific market news: Yen surges to six-month high
RBA’s Hunter flags deliberate cooling in housing and broader growth China exports match forecast in August, imports fall short as domestic demand stays soft Kospi surges past 7,130 on chips,…
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