OCBC expects the Federal Reserve to maintain rates and remove its easing bias, capping USD downside amid stable oil prices. The US Dollar remains directionless as traders await the Federal Reserve’s upcoming FOMC meeting, with no clear catalyst for sustained weakness. OCBC
California governor highlights income inequality as Elon Musk becomes the world’s first trillionaire following SpaceX’s IPO. California Governor Gavin Newsom criticized the growing wealth divide after Elon Musk’s net worth surged to $1.4 trillion, making him the world’s fi
The U.S. FDA has sent a new batch of warning letters to telehealth firms that allegedly made false and misleading claims about low-cost compounded versions of GLP-1 drugs, the popular class of weight-loss therapies marketed by Novo Nordisk (NVO Newsletters for Every Invest
EUR/USD range-bound despite G10 central bank actions Recent G10 central bank actions have not sparked major FX moves, with EUR/USD still range-bound. The Eurozone GDP forecast cuts are deeper compared to other regions. The EUR/USD pair has a downside bias to 1.12
Japanese Yen picks up within intervention levels with all eyes on the Fed The Japanese Yen (JPY) nurses mild gains against the US Dollar (USD) on Wednesday, as the USD/JPY pair eases to 160.20, still above 160.00, considered the limit of tolerable JPY weakness for Japanese
Australian Dollar: RBA pause signals extended plateau – OCBC OCBC’s Christopher Wong notes the RBA kept rates at 4.35% while retaining a tightening bias, signalling readiness to hike if needed. However, slowing growth and rising unemployment point to a prolonged
RaboResearch forecasts EUR/GBP near 0.87 and GBP/USD dips to 1.33 amid softer UK inflation and labor market slack. The British pound has recovered most losses after May UK CPI data showed headline inflation steady at 2.8% year-over-year, while core inflation edged up sligh
The Reserve Bank of Australia paused rate hikes after three consecutive 25 bps increases but signaled potential further tightening amid persistent inflation. The Reserve Bank of Australia left its cash rate unchanged at 4.35% in June, pausing after three straight 25 bps hi
Japan’s central bank raised rates by 25 basis points but signaled no accelerated tightening path, capping near-term yen support. The Bank of Japan lifted its policy rate by 25 basis points to 1.0%, matching expectations, but the move failed to strengthen the yen. The decis
Record collateralized loan obligation demand drives loan spreads to nine-year lows, pressuring investor tolerance amid thin supply. European loan spreads have narrowed to their tightest levels since 2017, fueled by record demand for collateralized loan obligations outpacin
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