Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
UN’s IMO pauses Strait of Hormuz evacuation plan after cargo ship attacked
The UN's International Maritime Organization (IMO) paused the planned evacuation of more than 11,000 sailors stranded in the Strait of Hormuz after a Singapore-flagged ship passing through the waterway was attacked, BBC reported on Friday.IMO chief … [Continue reading]
Chinese Yuan: Weakness extends after breakout against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight a sharp USD/CNH spike to 6.8195, now seen consolidating between 6.8030 and 6.8185 on an intraday basis after an overdone rise. On a 1–3 week horizon, their positive Dollar view … [Continue reading]
Thai Baht: Long policy hold supports fragile recovery – UOB
UOB economists Enrico Tanuwidjaja and Sathit Talaengsatya note that the Bank of Thailand (BoT) kept its policy rate at 1.00% and is expected to hold this level through 2027. They stress that Thailand’s recovery is narrow, with strength in technology … [Continue reading]
US core PCE inflation set to tick up in May as markets price in Fed rate hike in September
The United States (US) Bureau of Economic Analysis (BEA) will publish the Personal Consumption Expenditures (PCE) Price Index data for May on Thursday at 12:30 GMT. The PCE Price Index is closely watched by market participants because it is the … [Continue reading]
Silver Price Forecasts: XAG/USD hovers at seven-month lows around $57 with US inflation on tap
Silver (XAG/USD) posts moderate losses on Thursday, trading at seven-month lows around $57.00 at the time of writing, after a nearly 12% sell-off in the previous two days. Rising bets of Federal Reserve (Fed) rate hikes later in the year have … [Continue reading]
Australian Dollar edges lower after jobs data as JPY draws support from intervention fears
The AUD/JPY cross attracts some sellers following the release of the latest Australian employment details and slides closer to its lowest level since late April, touched the previous day. Spot prices currently trade just below mid-111.00s, down … [Continue reading]
South Korea BOK Manufacturing BSI: 79 (July) vs previous 80
Gold accelerates its decline and gyrates around the key $4,000 mark per troy ounce on Wednesday, its lowest level since November 2025. In the meantime, tighter-for-longer Fed expectations and a broadly firmer US Dollar continue to weigh on the yellow … [Continue reading]
XRP nears key support as Fed hike risks suppress demand
Ripple (XRP) continues to face significant selling pressure, trading around $1.05 at the time of writing on Wednesday. This decline mirrors the broader weakness in the crypto market, exacerbated by mounting macroeconomic headwinds and persistent … [Continue reading]
United States Current Account came in at $-226.8B below forecasts ($-217.5B) in 1Q
Gold remains under persistent selling pressure and trades below $4,050 on Wednesday, losing more than 1.5% on the day. Hawkish Fed prising, broad-based US Dollar strength and the uncertainty surrounding the US-Iran peace agreement make it difficult … [Continue reading]