According to MUFG’s Lee Hardman, rising energy prices are pushing market expectations for further Federal Reserve tightening, with 17bps priced for the 16th September FOMC and the 2-year US Treasury yield at a year-to-d…
The Japanese Yen (JPY) outperforms its major peers on Wednesday, with USD/JPY falling nearly 0.90% on the day as hawkish Bank of Japan (BoJ) expectations support the Japanese currency. A sharp drop during American tradi…
It is not just the wildfire burning in the bond markets, with many countries facing interest rates at multi-decade highs.
UK government borrowing costs have been rising, with some now at their highest level since 1998 as investors around the world worry about inflation.
The trigger is clear, even if the consequences are not fully priced in yet. Crude oil has surged more than 50% since the war erupted, with Brent now above $109 a barrel as the Strait of Hormuz remains largely closed to …
The Euro (EUR) is sharply down at around 184.66 against the Japanese Yen (JPY) during the European trading session on Wednesday. The cross faces intense selling pressure as the Japanese currency outperforms on fresh exp…
The US dollar initially rallied from 97.9 in late-December to 99.4 mid-January. However, it then lost its way, falling back to a near 4-year low of 96.2, now 97.0. At the current level, the US dollar is around 15% below…
UOB’s Quek Ser Leang and Lee Sue Ann report AUD/USD volatility picked up as the pair spiked to 0.7181 before sliding to 0.7139, with intraday momentum now skewed lower but seen insufficient to reach 0.7120. Over one to …
The international environment remains volatile, and the euro area – an open economy that is well integrated into global supply chains and international financial markets – could face strains ahead. While the acute risk …
Gold (XAU/USD) stages a sharp rebound on Wednesday, reversing all its earlier losses as a sudden rise in the Japanese Yen (JPY) triggers broad selling pressure on the US Dollar (USD). A pullback in US Treasury yields pr…
In late July, current and former Apple product developers gathered for a reunion at the company’s Cupertino, Calif., headquarters. As evening fell and guests sipped drinks and ate hors d’oeuvres, John Ternus slipped int…
Have you ever wondered why it is that most houses in the UK are reliant on gas boilers? Not what’s stopping more people from replacing them with heat pumps, but instead why and how the gas boiler became so ubiquitous in…
Ryanair has warned that air fares in Europe will jump next year if the oil price remains high and that some airlines could go bust.
Societe Generale’s Kunal Kundu now expects the RBI to deliver three 25bp rate hikes, taking the repo rate from 5.25% to 6.00% by early 2027, versus two hikes previously. The revision follows much stronger-than-expected …
Almost half of the world’s farmers are poisoned by pesticides every single year, a study has found.
Range Rover has launched its first electric vehicle – a year later than planned – offering a greener option for fans of gargantuan British-made SUVs who are also conscious about the climate crisis.
BNY’s Geoff Yu says JPY selling has largely run its course, while USD/JPY’s return toward 160 keeps intervention risk firmly in focus. The bank notes that positioning has not yet turned decisively long JPY, but sees sco…
US mix. US Q2 GDP held at 1.5% annualized, but consumption was revised up to 3.4% and private domestic demand to 4.2%. July core PCE held at 3.3% y/y, while real spending was flat and consumer confidence fell to 89.4 vs…
Consumer watchdog Which? set up and accepted payment for fake listing for ‘1 bed apartment in heart of London’
The Euro (EUR) posts moderate losses against the British Pound (GBP) on Wednesday, as the previous two days' recovery has been capped again at a key resistance area between 0.8580 and 0.8585, which holds the top of an a…
Economist Kenneth Rogoff argues that that the era of dollar dominance may be ending
Markets adopt a cautious stance midweek as the crisis in the Middle East deepens. In the second half of the day, private sector employment data from the United States (US) will be watched closely by investors. Additiona…
Speed limit dropped from 60km/h for around 70% of general roads in the hope of making narrow streets of crowded cities safer
The Indian Rupee (INR) opens flat at around 94.90 against the US Dollar (USD) on Wednesday, but is close to its two-month low of 94.80 posted the previous day. The Indian currency is expected to face selling pressure ag…