OCBC
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Precious metals pull back on Commodity Index rebalancing – OCBC
Precious metals including Gold and Silver saw a pullback overnight amid annual rebalancing of major commodity indices including the Bloomberg Commodity Index which began…
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USD pulls back as risk-on mood boosts GBP – OCBC
The safe haven US Dollar (USD) lost ground after an early firm start, tracking the broader risk-on mood, while Pound Sterling (GBP)…
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Oil: Venezuela shift may pressure Oil prices – OCBC
Political transition in Venezuela could revive its Oil sector and weigh on global Oil prices, though OPEC’s quota pause provides…
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EUR: ECB holds rates steady for fourth meeting – OCBC
The European Central Bank (ECB) kept policy rates unchanged, reinforcing its flexible, data-dependent stance. While not committing to a hike,…
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EUR holds near highs ahead of ECB decision – OCBC
Euro (EUR) consolidated near recent highs. Focus today on European Central Bank (ECB) decision. Policy rate is widely anticipated to…
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USD/CNH stays heavy despite weak China data – OCBC
USD/CNH remains under pressure even as China’s activity data disappoints, with a fresh multi-month low in the daily fixing reinforcing…
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USD/CNH trades near recent lows – OCBC
USD/CNH remains pressured near recent lows, weighed by broad USD softness and a low USD/CNY fix. While daily momentum is…
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USD/JPY consolidates ahead of BOJ meeting – OCBC
USD/JPY remains range-bound as markets brace for the Bank of Japan’s (BOJ) expected rate hike this week, with a 92% probability…
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USD/JPY consolidates ahead of BOJ meeting – OCBC
USD/JPY trades offered but lacks follow-through, as markets near full pricing of a 25bps BOJ hike on 19 December. Near-term support lies…
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USD/CNH extends decline as CNY fix hits 14-month low – OCBC
USD/CNH continues to drift lower amid a softer US Dollar (USD) and another strong CNY fix, with the PBoC guiding…
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