The 'Takaichi trade' has indeed delivered a steeper yield curve, an equity rally and a weaker Japanese Yen (JPY), ING's FX analyst Chris Turner notes...
Posts published in “Business”
European natural Gas prices surged over 5% to settle above €33/MWh as markets weighed rising geopolitical risks and colder weather forecasts...
The US Dollar Index (USD) has gone a little bid this week – largely down to the weakness in the yen, which has a 14% weight in the DXY. At the same time, the dollar is an expensive short position given its 4.15% per annum one-week interest rate...
EUR/JPY edges lower after registering more than 1.5% gains in the previous session, trading around 176.00 during the European hours on Tuesday. The technical analysis of the daily chart indicates strengthening of a bullish bias as the currency cross remains above the ascending channel pattern...
EUR/USD lost upward traction after failing to clear 1.1920 in September and has now broken below a key ascending trend line...
China’s Golden Week travel surge fuels hopes for a fourth-quarter rebound as traders eye potential U.S.-China trade deal talks at the APEC Summit...
ICE Brent was trading above $65/bbl while NYMEX WTI was seen approaching $62/bbl this morning, amid a modest OPEC+ production increase for November and higher geopolitical risks...
Pound Sterling (GBP) may decline toward 1.3400; a clear break below this level appears unlikely. In the longer run, GBP is likely to trade in a range between 1.3360 and 1.3525, UOB Group's FX analysts Quek Ser Leang and Peter Chia note...
There are still no Federal data releases due to US government shutdown. This puts emphasis on private sector data and Fedspeaks. DXY last seen at 98.43 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note...
Gold (XAU/USD) continues scaling record highs through the first half of the European session on Monday and seems poised to appreciate further amid a supportive fundamental backdrop...