Crude Oil is once again closing in on the psychologically important $100 a barrel threshold, reviving a question few traders were seriously contemplating only weeks ago: could Brent surge to $130 before 2026 is over? Brent traded as high as $97.62 on September 3 as renewed U.S-Iran hostilities pushed the Strait of Hormuz back to the centre of global…
CPI week: August inflation is the last read before the September 16 FOMC, the Fed is in blackout, Monday is a holiday, and the print splits hot headline over cool core.
Iran warns of tougher response: Oil, gold and stocks to watch over the holiday weekend !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ^_`abcdefghijklmnopqrstuvwxyz{|}
OCBC’s Christopher Wong notes that strong foreign-currency inflows linked to the RBI’s special measures have bolstered the Indian Rupee (INR) and strengthened the central bank’s FX buffer. However, with the FCNR(B) window now closed, the exceptional near-term dollar supply is expected to fade, potentially leading to more two-way RBI management. Wong adds that USD/INR remains under bearish pressure, though…
It’s the final countdown to jobs Friday with both the US and Canadian numbers due up at the bottom of the hour. USD/JPY remains in focus as it’s now more than 100 pips from yesterday’s low and we had some more turbulence in Asia. I would imagine macro traders avoid that pair in the aftermath of the report. Otherwise,…
DBS Group Research economist Chua Han Teng notes that Bank Negara Malaysia (BNM) held the Overnight Policy Rate at 2.75% while dropping language that the current level is appropriate. DBS expects rates to remain unchanged through 2026 but sees risks tilted towards a one-off policy normalisation. BNM holds but signals flexibility “Bank Negara Malaysia (BNM) maintained its Overnight Policy…
USD Technical Analysis:What levels are in play for the EURUSD, USDJPY & GBPUSD ahead of the jobs data? !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ^_`abcdefghijklmnopqrstuvwxyz{|}
United States CFTC Oil NC Net Positions climbed from previous 123.4K to 129.9K
Prior was -23K (revised to +21K) Two-month net revision +55K June was +57K Unemployment rate 4.1% vs 4.1% expected Prior unemployment rate 4.1% Unrounded unemployment 4.1413% vs 4.0900% prior Participation rate 61.6% vs 61.4% prior U6 underemployment rate 7.7% vs 7.9% prior Average hourly earnings +0.3% m/m vs +0.3% expected Average hourly earnings +3.1% y/y vs +3.0% expected Average…
Australia CFTC AUD NC Net Positions: $-39.4K vs $-44.5K
