USD/JPY’s price action remains caught in a holding pattern as markets mull various factors including PM Ishiba’s political career, tariff implication and Fed-BoJ policy divergence. Pair was last at 147.73 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note. USD/JPY retains bias to sell rallies “US CPI (tomorrow) may be a trigger for UST yields, depending on the…
Markets started the week in wait-and-see mode ahead of Tuesday’s US inflation data, with trade headlines and central bank chatter steering sentiment. The dollar saw an early dip but reversed into the European session as traders shifted defensive ahead of the CPI release. Here are headlines you may have missed in the last trading sessions! Headlines: On Saturday, Chinese…
As Trump calls for China to quadruple its soybean purchases from the US, Brazil is one to be concerned as they have been China’s top soybeans supplier for a while now. For some context, China is the world’s largest buyer of soybeans but are facing a bit of a tough situation this year amid a supply glut in the…
Momentum indicators are mostly flat; Pound Sterling (GBP) could consolidate in a range of 1.3420/1.3465. In the longer run, rapid increase in momentum could lead to GBP rising to 1.3515, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. Rapid increase in momentum could lead to GBP rising to 1.3515 24-HOUR VIEW: “Last Thursday, GBP soared to…
Bitcoin retreated after testing its all-time highs, but it looks like bullish pressure is still in play while a new ascending triangle is forming. Take a look at these potential support zones! Bitcoin (BTC/USD) 4-hour Forex Chart by TradingView Bitcoin has been forming higher lows since July but appears to be hitting a solid roadblock around R1 ($121,527), as…
Trump taps EJ Antoni to head BLS, sparking concerns over partisanship and expertise President Trump has nominated EJ Antoni, chief economist at the Heritage Foundation, to lead the Bureau of Labor Statistics, following Trump’s dismissal of the previous commissioner over job report revisions. The pick has drawn sharp criticism, much of it centred on Antoni’s reputation as a hyper-partisan…
There are still confusion over US tariffs on 1-kg and 100-oz Gold bar imports from Switzerland. Last seen at 3357 level, OCBC’s FX analysts Frances Cheung and Christopher Wong note. Mild bullish momentum on daily chart intact “Gold was initially exempted from tariffs (back in Apr) but the letter from customs and border protection agency (which was seen by…
Missed this pair’s double bottom neckline break? Price is still going for a retest of this area of interest which could hold as support. Take a look at these Fibonacci retracement levels on the 4-hour chart! USD/CAD 4-hour Forex Chart by TradingView Rising crude oil prices and a less dovish BOC statement have allowed this pair to retreat from…
Goldman Sachs have assembled what they say is early analysis only of where tariffs are hitting pockets. Data as of June 2025, so yeah, still early: Foreign exporters have absorbed about 14% of US tariffs, while American companies have taken on 64% and consumers 22%, with protected domestic firms also raising prices and consumer costs projected to jump a…
Silver fails to extend gains beyond $38.50 and retreats to $37.60 support. Hopes of a US-China trade deal and of peace in Ukraine are weighing on precious metals. XAG/USD has broken below the ascending channel; there is scope for further depreciation. Silver (XAG/USD) accelerated losses on Monday, weighed by a moderate rebound on the US Dollar and investors’ appetite…
