The US Dollar (USD) is ending the week on a firmer stance as the US/Israeli war against Iran closes in on two weeks. Iran’s closure of the Strait of Hormuz has spiked Oil prices, boosting inflation risks and prompting investors to hide in safe-haven currencies like the Greenback. The escalating conflict in the Middle East continues to dominate market…
Mexico’s President said she helped to broker talks between the US and Cuba that are now confirmed. Various reports said the talks have started and today Cuban President Miguel Díaz-Canel confirmed his government is holding talks with the Trump administration. “These conversations have been aimed at seeking solutions through dialogue to the bilateral differences that exist between our two…
OCBC strategists Sim Moh Siong and Christopher Wong highlight that USD/KRW has pushed toward 1,495, reflecting KRW’s high-beta nature during geopolitical stress and energy price spikes. With bullish momentum intact and RSI rising, risks are skewed to the upside, with resistance at 1,500 and 1,510 and support at 1,470, though policymakers’ reassurances and any conflict resolution could slow depreciation…
📈 Technology Sector: A Forward Momentum The tech sector is surging today with an overall positive momentum. Leading the charge, Micron Technology (MU) has seen an impressive rise of 4.77%, while Nvidia (NVDA) increased by 0.56%. This upswing in the semiconductor space reflects growing investor confidence and optimism surrounding technological advancements. 🚀 Communication Services: Riding the Wave Communication services…
South Korea’s presidential office said in a statement on Sunday, “we will communicate closely with the US regarding this matter and make a decision after careful review.” Takayuki Kobayashi, policy chief of Prime Minister Sanae Takaichi’s ruling Liberal Democratic Party (LDP), told public broadcaster NHK, “I regard the threshold as extremely high for sending Japanese navy ships to the region under…
We are deep into the improvisation phase of the war with Iran. Donald Trump told The Brian Kilmeade Show he will know the Iran conflict is over “when I feel it in my bones.” On a somewhat more-concrete note, he suggested it may not last much longer. The market doesn’t appear to be shifting in that direction. A WSJ…
The Israel Defense Forces (IDF), the country’s military, said in its social media post on X on Sunday that Iran continued to launch missiles toward the territory of the State of Israel. “Defense systems are operating to intercept the threat,” the IDF added, while warning citizens to enter protective spaces. This comes after Iran’s Revolutionary Guard Corps (IRGC) pledged to target Israeli…
Economists at Barclays now see the Fed cutting rates in September of this year and March 2027. Previously, they saw a cut in June of this year and another in September. This shift tracks market pricing, which has shifted substantially since the Iran war and resulting oil price spike. Market pricing now sees just 22.5 bps of easing this…
Japan CFTC JPY NC Net Positions dipped from previous ¥-16.6K to ¥-41.4K
EURUSD falls to new 2026 lows before corrective bounce The EURUSD moved sharply lower earlier in the day, extending its bearish momentum and breaking to new lows for 2026. In the process, the pair also traded to its lowest level since August 2025, highlighting the continued downside pressure in the currency pair. The move lower forced the price through…
