Independent coverage of UK markets, FCA policy and institutional trading
BNY’s Geoff Yu highlights that Oil is back in focus as shipping through the Strait of Hormuz nears a standstill and ceasefire risks rise. iFlow data show energy equities flows stabilizing after June p…
The British Pound (GBP) is pulling lower against the Japanese Yen (JPY) on Thursday, after hitting a fresh all-time high at 218.01 earlier on the day. The pair has returned to the mid-range of the 217…
EUR/USD holds modest gains on Thursday, supported by some softness in the US Dollar (USD) as markets assess renewed hostilities in the Middle East. At the time of writing, the pair trades around 1.144…
Christopher Wong notes that Korean Won strength remains largely flow-driven, with USD/KRW dropping below 1,500 on offshore fund repatriation and official vigilance. While bearish momentum persists, Wo…
DBS Group Research economist Eugene Leow warns that shorter-term Singapore Dollar (SGD) rates may face upside pressure despite recent flush liquidity. He notes SGD rates have decoupled from USD rates,…
Geoff Yu at BNY Mellon highlights that Czech National Bank policy expectations have risen alongside the ECB, yet the Czech Koruna is sliding on a nominal effective basis. He argues that closely matchi…
ING’s Warren Patterson notes that Oil prices fell after the US–Iran Memorandum of Understanding allowed Persian Gulf supply to recover faster than expected, while demand lagged. He now forecasts Brent…
Christopher Wong highlights that the New Zealand Dollar (NZD) has strengthened after a hawkish Reserve Bank of New Zealand (RBNZ) rate hike, but higher Oil prices are capping gains. With the RBNZ star…
TD Securities strategists have downgraded its Aluminium price outlook as supply recovers and demand softens. They now expect Aluminium to average $3,378/t in 2026 and $3,281/t in 2027, projecting smal…
The European Central Bank (ECB) released the accounts of its latest monetary policy meeting on Thursday, revealing growing concern among policymakers over persistent inflationary risks. The discussion…
Silver prices (XAG/USD) rose on Thursday, according to FXStreet data. Silver trades at $59.17 per troy ounce, up 1.45% from the $58.32 it cost on Wednesday.
Commerzbank’s Michael Pfister observes that markets expect substantial tightening by Banxico over the next year, but he questions whether conditions justify 75 basis points of hikes. With Mexican infl…
Nordea’s Jan von Gerich argues that the European Central Bank (ECB) is likely to continue tightening policy, with the outlook heavily dependent on Middle East developments and energy prices. He notes …
According to a report from the US Department of Labor (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance shrank to 215K for the week ending Ju…
TD Securities strategists highlight that the June Federal Open Market Committee (FOMC) Minutes showed rising concern over inflation risks, even as the United States (US) labor market remains stable. S…
Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar (CAD) is flat on Thursday but modestly firmer versus the US Dollar (USD) this week, making it a mild outperformer. They a…
Chinese investors sharply trimmed their Gold ETF holdings in June, exacerbating global outflows for the month, as local investor risk appetite continued to improve amid equity market gains and a weake…
BNY’s Geoff Yu notes the International Monetary Fund (IMF) has trimmed its 2026 global growth forecast to 3.0%, with uneven impacts across energy exporters, tech economies and low-income importers, in…
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, extends the previous day's pullback from the 101.25-101.30 region and attracts some follow-through sellers on Thur…
West Texas Intermediate (WTI) trades lower on Thursday and hovers around $73.10 at the time of writing, down 1.95% on the day as investors take profits following two consecutive days of strong gains. …
OCBC’s Sim Moh Siong and Christopher Wong note renewed Middle East tensions and higher Oil prices are lifting the US Dollar (USD) and global bond yields. They expect the USD to appreciate by 2–3% in 2…
Gold price (XAU/USD) trades 0.8% higher to near $4,110 during the European trading session on Thursday. The precious metal gains as the US Dollar (USD) is down despite a slight improvement in expectat…
ABN AMRO’s Rogier Quaedvlieg highlights that US labour-market conditions are weaker than headline unemployment suggests, as rapidly declining participation is holding the rate down. He notes that payr…
USD/CAD trades around 1.4170 on Thursday at the time of writing, virtually unchanged on the day, as weakness in the US Dollar (USD) offsets the negative impact of lower Oil prices on the Canadian Doll…