May data shows stronger-than-expected consumer spending in Japan, while wage growth missed estimates, signaling mixed economic signals. Japan’s household spending surged 3.7% month-over-month in May, exceeding the 1.4% forecast and reversing a prior decline. Year-over-year
An attack on a tanker east of Oman triggers a fire, with no reported casualties or environmental damage, amid heightened tensions in the region. A tanker traveling southbound near Limah, Oman, reported being struck by an unknown projectile, causing a fire on its port side.
Markets price a 25 basis point RBNZ rate increase to 2.50% on Wednesday, though NZD gains may fade if the move is seen as a one-off. The Reserve Bank of New Zealand is expected to raise interest rates by 25 basis points to 2.50% this week, aligning with hawkish market expe
The British Pound jumps over 0.77% against the Japanese Yen, reaching its highest level since 2006. The GBP/JPY cross-pair climbed to an 18-year high, breaching the 217.00 mark for the first time since January 2006. The rally saw gains exceeding 0.77%, surpassing the previ
GBP/JPY rises 0.77% to 217.11 The British Pound has reached an 18-year high against the Japanese Yen, with the GBP/JPY pair clearing the 217.00 figure. The pair's previous year-to-date high was 216.60. The Relative Strength Index remains bullish, with the i
EUR/USD to recover toward 1.1800 The euro is currently trading near the lower end of its year-long range against the USD, at around 1.1400. Improving business confidence and industrial production data suggest the worst of the growth hit may be passing. A fa
XAG/USD drops over 1% to $61.80, erasing earlier gains as technical signals point to further downside pressure. Silver prices fell more than 1% on Monday, trading at $61.80 after peaking at $63.28 earlier in the session. The retreat comes despite a weaker US Dollar and low
UOB forecasts the pair to consolidate between 1.2900 and 1.2935 intraday, adopting a neutral stance for the next 1-3 weeks. The Singapore dollar’s decline against the US dollar has lost steam, with USD/SGD expected to trade within a tight range of 1.2900 to 1.2935 intraday
U.S. equities rise with the Dow setting another record, while the dollar strengthens against the yen and Swiss franc in mixed trading. The Dow Jones Industrial Average closed at a record high, leading U.S. equities higher as the Nasdaq outperformed on gains in large-cap te
UOB forecasts USD/SGD consolidation between 1.2890 and 1.2990 over the next 1-3 weeks amid fading downward pressure. USD/SGD has stabilized after last week’s sharp decline, with UOB noting a slowdown in downward momentum. The pair is expected to trade between 1.2900 and 1.
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