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.
The pound sterling extends gains to 1.3400, reaching its 200-day EMA for the first time in eight consecutive sessions. GBP/USD has climbed for eight straight days, rising from near 1.3150 to test its 200-day Exponential Moving Average. The pair now sits at a critical techn
The pair extends an eight-day rally to 1.3350, shrugging off hawkish Fed signals and soft US data as rate hike bets fade. GBP/USD rose for an eighth straight session, reaching 1.3350 and testing its 200-day Exponential Moving Average. The move came despite hawkish Fed comm
Federal Reserve Governor Waller’s hawkish remarks and strong US services data keep the USD steady against major peers. The US Dollar Index (DXY) traded neutrally around 100.90 on Monday, supported by Federal Reserve Governor Christopher Waller’s commitment to the 2% inflat
May household spending in Japan is poised to decline year-on-year, extending a streak amid elevated living costs and tough comparisons. Japan’s cash earnings data is expected to show continued strength in July, reflecting stable wage growth. However, household spending lik
Chinese Yuan and equities remain under-owned Chinese equities and the Chinese Yuan (CNY) are heavily under-owned versus Asia-Pacific peers. Cross-border holdings are at very low levels, with fundamentals still not compelling. The CNY is the worst-held APAC
Hawkish Fed comments and strong US services data lift the USD, weighing on the New Zealand dollar near 0.5700. The New Zealand dollar fell below 0.5700 against the US dollar as Federal Reserve Governor Christopher Waller reaffirmed the central bank’s commitment to its 2% i
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