Commerzbank’s Michael Pfister argues that Japanese authorities cannot rely on FX interventions alone to support the Japanese Yen (JPY) against the US Dollar (USD). He notes that past intervention episodes delivered mixed results and July 2024’s … [Continue reading]
Asia stocks fall before Trump-Xi talks; South Korea’s Kospi slumps from record high
Most Asian stocks fell on Friday, shrugging off the overnight rally on Wall Street led by hopes for improving relations between the US and China – the world’s two biggest economies. Investors, however, remain on edge amid high-stakes talks between US … [Continue reading]
Euro weakens to near 1.1650 as hot US inflation boosts Fed hike expectations
The EUR/USD pair trades in negative territory near 1.1660 during the early Asian session on Friday. The US Dollar (USD) edges higher against the Euro (EUR) as surging US inflation, linked to Middle East tensions, reinforces expectations that the US … [Continue reading]
Gold slides as strong USD, US-China summit dent haven demand
Gold (XAU/USD) retreats by some 0.25% during the North American session on Thursday as tensions in the Middle East remain high, while the US-China summit is underway, with President Donald Trump meeting Chinese President Xi Jinping. At the time of … [Continue reading]
XRP holds key support as MVRV suggests undervaluation
Ripple (XRP) is struggling to hold above $1.42 short-term support at the time of writing on Thursday, down roughly 5% from the monthly peak around $1.51. The remittance token’s recovery appears lock-step, as risk-off sentiment and softening … [Continue reading]
WTI Oil uncertain after Trump-Xi talks as IEA warns of persistent supply deficit
West Texas Intermediate (WTI) trades around $97.30 at the time of writing on Thursday, up 0.34%, in a trading day marked by elevated volatility. The US Crude Oil benchmark initially fell to as low as $95.50 following the market's first reaction to … [Continue reading]
UK Preliminary GDP grows by 0.6% QoQ in Q1 2026, as expected
The UK economy expanded at a quarterly rate of 0.6% in the three months to March 2026, following a 0.1% growth in the fourth quarter of 2025 (Q4).The data beat the market forecast of 0.6% in the reported period.The UK GDP rose 1.1% … [Continue reading]
UK GDP growth leap in Q1 may mask potential slowdown due to Iran war
The United Kingdom’s (UK) Office for National Statistics will release the preliminary estimate of the first quarter’s Gross Domestic Product (GDP) report on Thursday. Market analysts have anticipated a 0.6% growth in the three months to March, after … [Continue reading]
Singapore Dollar: Consolidation with preference to sell rallies – OCBC
OCBC’s Christopher Wong notes USD/SGD has risen with broader USD/AXJ but the move has been milder, reflecting Singapore Dollar's (SGD) lower beta. Wong observes fading bearish momentum and moderated RSI, suggesting two-way trade. Wong highlights … [Continue reading]
Copper hits record highs: Why it matters for Australia’s economy
Copper price surged to record highs, nearing $14,200 per ton in May, as AI-driven demand collided with mounting supply fears linked to the Middle East war. The rally could have major implications for Australia, one of the world’s largest mining … [Continue reading]