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Markets
Expected to trade in a narrower range of 0.6555/0.6640 – UOB Group
The underlying tone appears to have firmed somewhat; Australian Dollar (AUD) may edge higher, but any advance is likely part of a higher range of 0.6595/0.6630. In the longer run,…
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Holds near 176.00, all-time highs due to bullish bias
EUR/JPY edges lower after registering more than 1.5% gains in the previous session, trading around 176.00 during the European hours on Tuesday. The technical analysis of the daily…
Expensive to be short – ING
The US Dollar Index (USD) has gone a little bid this week – largely down to the weakness in the yen, which has a 14% weight in the DXY. At the same time, the dollar is an expensive…
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European Gas prices jump 5% as supply risks mount – ING
European natural Gas prices surged over 5% to settle above €33/MWh as markets weighed rising geopolitical risks and colder weather forecasts. With Russia intensifying air strikes…
JPY weakens as Takaichi’s pro-stimulus agenda weighs – BBH
JPY remains under downside pressure undermined by Sanae Takaichi’s (set to become Japan’s next prime minister) pro-stimulus agenda, BBH FX analysts report. Takaichi’s fiscal push…
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Eurozone Retail Sales rise 1% YoY in August vs. 2.1% previous
The Eurozone’s Retail Sales rose 1% year-over-year in August, following a revised 2.1% increase in July, according to official data released by Eurostat on Monday.On a monthly…
Gold eyes further gains above $3,950 amid Fed rate cut bets
Gold (XAU/USD) continues scaling record highs through the first half of the European session on Monday and seems poised to appreciate further amid a supportive fundamental…