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Snapshot: The Swiss Franc is holding steady near 0.8000 against the dollar following the SNB’s decision to keep its policy rate unchanged at 0.00% at 09:30 CET today. Although the central bank upgraded its inflation path through 2028, the explicit warning on FX intervention readiness to curb currency strength signals that…
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Snapshot: The Kiwi has clawed its way back to $0.5780 on transient global risk relief, though the recovery lacks structural backing given the RBNZ’s entrenched easing bias. With Governor Adrian Orr actively signaling further policy cuts below the current 3.50% cash rate to address growing domestic labor slack and below-target inflation,…
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Snapshot: The Bank of England’s decision to hold the Bank Rate at 3.75% today at 12:00 London leaves sterling without immediate upside momentum, especially with average earnings cooling to 4.0% at 07:00 London. This cautious MPC stance limits sterling gains, though downside is cushioned by the Bank of Japan’s slow-motion normalisation…
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Where we are: Cable is trading heavy near $1.3205, hitting its lowest levels since early April. The overnight range saw the pair slide from an Asian session high of $1.3285, with selling pressure accelerating rapidly following the midday London announcements. We are now testing critical psychological support at $1.3200, representing a…
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Snapshot: The Euro-Yen cross trades with a heavy bias as yesterday’s ECB wage tracker pointed to stable negotiated wage pressures, reinforcing the central bank’s mild easing bias at 2.50%. This domestic policy drag leaves the Euro vulnerable against a Yen backed by the BoJ’s normalisation track, with downside momentum accelerated by…
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Snapshot: Brent crude has plunged below $78 per barrel, hitting its lowest level since early March, as physical supply dynamics shift dramatically following a US-Iran interim agreement to reopen the Strait of Hormuz. This geopolitical breakthrough threatens to unleash millions of barrels of halted output from major Gulf producers, completely overshadowing…
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Where we are: USD/JPY is printing fresh multi-month highs around the 158.80 level, marking the Yen’s weakest print since July 2024. The pair forced its way through overnight resistance, extending yesterday’s NY close of 158.15 despite intensifying verbal pushback from Tokyo. We are now testing the 159.00 threshold, with the key…
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Snapshot: EUR/GBP has drifted lower to test the 0.8425 support area following the Bank of England’s decision at 12:00 London to maintain its Bank Rate at 3.75%. The MPC’s ongoing concerns regarding core CPI remaining sticky at 2.6% alongside stubborn wage growth contrast sharply with the ECB’s 2.50% policy rate and…
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Where we are: The Dollar Index (DXY) is holding firm at 100.6 in early European trading, consolidating near its highest level since May 2025 after yesterday’s hawkish FOMC policy shock. US Treasury yields remain elevated, with the 2-year yield sitting at 4.05% and the 10-year hovering at 4.43%, keeping the 2s10s…
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Where we are: S&P 500 futures are clawing back yesterday’s losses, trading up 0.5% as Wall Street attempts to shake off the FOMC’s hawkish sting. The index has stabilised after yesterday’s late-session wash-out, which saw the cash market plunge from its intraday record high following the Fed’s projection of potential further…
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Where we are: Dow Jones futures are trading up 300 points, testing the 40,150 level as the London session hands over to New York. This recovery retraces a significant portion of yesterday’s brutal 500-point cash-session reversal, which saw the index dump from fresh intraday record highs. The overnight range has established…
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Where we are: USD/CAD is hovering around the 1.4100 handle as the London morning winds down, trading close to its weakest levels in seven months. The pair is consolidating yesterday’s extension, keeping the overnight range tight between 1.4080 and 1.4120, well above the key psychological 1.4000 support. This persistent weakness has…
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Where we are: Spot gold has stabilized back above the $4,300/oz mark, trading at $4,305 in the London morning session after recovering the bulk of Wednesday’s post-FOMC losses. The overnight action established a firm intraday low at $4,285, showing resilient physical bid-interest after the 2% tumble triggered by the Federal Reserve’s…
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Where we are: Bitcoin is trading with a heavy bias ahead of the New York open, sliding lower as the market struggles to find traction despite a constructive geopolitical backdrop. The intraday tape shows spot prices grinding down toward key support near the psychological $65,000 level, erasing yesterday’s marginal gains. This…
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Snapshot: The Aussie holds ground just above the 0.7000 handle, underpinned by the Reserve Bank of Australia’s persistent reluctance to pivot toward rate cuts while services inflation remains uneven. This hawkish domestic stance insulates the currency ahead of the US Philly Fed Manufacturing Index and weekly jobless claims data at 08:30…
