Independent coverage of UK markets, FCA policy and institutional trading
United Overseas Bank’s (UOB) Quek Ser Leang sees AUD/USD confined to a 0.6915–0.6950 intraday range as momentum remains lacklustre. For 1–3 weeks, upward momentum is tentatively building, with rising …
The Indian Rupee (INR) opens higher against the US Dollar (USD) on Thursday. The USD/INR pair drops to near 95.40 as the US Dollar ticks lower; however, the outlook of the pair remains bullish as rene…
The GBP/JPY cross builds on the previous day's strong positive momentum and gains traction for the second successive day on Thursday. This also marks the fourth day of a move higher in the previous fi…
EUR/JPY extends its gains for the second successive day, trading around 185.70 during the early European hours on Thursday. The currency cross maintains its upward momentum following stronger-than-exp…
Chris Turner at ING highlights that EUR/USD has held up despite higher Oil, as Euro swap rates outperformed US rates on expectations of an ECB hike in September. However, he argues the Fed narrative w…
In a released statement from Qatar Prime Minister (PM) Sheikh Mohammed bin Abdulrahman Al Thani after a phone call with Iranian Foreign Minister (FM) Abbas Araghchi, AI Thani said that he discussed ab…
The Japanese Yen (JPY) trades higher against the US Dollar (USD) despite renewed geopolitical risks. The USD/JPY pair is down 0.17% to near 162.35 as the US Dollar faces selling pressure even as the e…
ING analysts Warren Patterson and Ewa Manthey note that Oil has extended its rally as renewed US-Iran tensions threaten the fragile ceasefire and disrupt flows through the Strait of Hormuz. ICE Brent …
Thu Lan Nguyen at Commerzbank notes that EUR/USD has traded in a narrow range and appears largely unaffected by Iran-related headlines, as the correlation with Oil has weakened. She highlights that ma…
The NZD/USD pair gains momentum to around 0.5735 during the early European session on Thursday. The New Zealand Dollar (NZD) strengthens against the US Dollar (USD) on a hawkish interest rate hike fro…
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By Enas Alashray and Mrinmay Dey July 6 (Reuters) – Iran’s Revolutionary Guards fired at least two missiles at commercial ships transiting through the Strait of Hormuz on Monday night, Axios reported,…
By Satoshi Sugiyama TOKYO, July 7 (Reuters) – Asian stocks drifted lower on Tuesday, even after South Korea’s Samsung Electronics forecast an eye-popping 19-fold jump in second-quarter profit, while t…
• WiseTech Global ASX:WTC is in the market spotlight because of a fresh market-moving catalyst that has changed the investor conversation.
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The Australian Dollar (AUD) trades on the front foot against the US Dollar (USD) on Thursday as a weaker-than-expected US Nonfarm Payrolls (NFP) report pushed back expectations of an imminent Federal …
Crude Oil finished Thursday at its lowest level in 18 weeks, which means the vast risk premium that built up around this year's conflict has fully bled away, back to pre-war levels. The interesting pa…
The Pound Sterling (GBP) registers solid gains against the US Dollar (USD) on Thursday after the latest US employment report missed estimates, reducing the chances of a Federal Reserve (Fed) rate hike…
The AUD/USD pair climbed near the 0.6930 area on Thursday as the US Dollar (USD) came under pressure following softer-than-expected United States (US) labor market data. The pair advanced as investors…
USD/JPY falls 0.92% on Thursday and trades around 161.05 at the time of writing after a much weaker-than-expected US employment report weighs on the US Dollar (USD).
ING’s Carsten Brzeski analyses a new German government reform package focused on cutting red tape, increasing labour market flexibility, and capping healthcare and pension costs to restore competitive…
NZD/USD rises 0.59% on Thursday to trade around 0.5705 at the time of writing, supported by a sharp decline in the US Dollar (USD) following the release of a significantly weaker-than-expected US empl…
Commerzbank’s Bernd Weidensteiner notes that weaker US employment data for June and downward revisions to prior months reduce pressure on the Federal Reserve to hike rates at the late-July meeting. Wi…
Bank of England (BoE) policymaker Catherine Mann said on Thursday that an “activist move” may be needed if inflation expectations and outcomes move unfavorably, according to a speech text released by …