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Markets
BoK defends won as oil shock bites – Commerzbank
Commerzbank’s Moses Lim notes that higher Oil prices and heavy reliance on Middle Eastern crude have kept KRW volatile, with USD/KRW trading between 1,420 and 1,500 and the won…
Pair nears 13-year high amid Middle East conflict
The AUD/NZD cross is trading near the 1.2100 price region on Wednesday, touching its highest level in 13 years amid market chaos due to the Middle East war between Israel, the US…
Political tensions to keep zloty lagging – Commerzbank
Tatha Ghose at Commerzbank highlights rising political uncertainty in Poland, including potential vetoes of defence-related EU funding legislation and a hard-right opposition…
Traders eye 0.7800 as RSI turns bullish
USD/CHF posted back-to-back bullish days on Wednesday, rising by over 0.25% after the latest US inflation report and as high energy prices pushed US Treasury yields higher,…
XAG/USD drops as US Dollar strengthens
Silver (XAG/USD) trades lower on Wednesday, hovering around $85.30 at the time of writing, down 2.12% on the day. The precious metal struggles to extend its recent gains as a…
USD/JPY rises as Oil supply fears and firm USD keep Yen under pressure
USD/JPY extends gains on Wednesday as the Japanese Yen (JPY) remains under pressure amid concerns over Oil supply disruptions linked to the US-Iran war, as Japan relies heavily on…
Gold stalls below $5,200 as US CPI comes in line with expectations
Gold (XAU/USD) trades with a mild downside bias on Wednesday, failing to build on the previous day’s gains as the US Dollar (USD) extends its intraday advance and Treasury yields…
IEA announces largest-ever release of 400M barrels from Oil reserves
The International Energy Agency (IEA) announced that its 32 member countries unanimously agreed to make 400 million barrels of Oil from their emergency reserves available to the…
Scarcity and CTA buying skew – TD Securities
TD Securities' Senior Commodity Strategist Daniel Ghali highlights that unencumbered Copper inventories have fallen sharply year-to-date, leaving only 9.1 days of available supply…
Jittery range trading outlook – Rabobank
Rabobank’s FX Strategy team expects EUR/USD to remain volatile as higher Oil and food prices stoke inflation concerns and support the Dollar’s safe haven appeal. They keep a…