Silver Prices Struggle to Maintain Ground, Marking Over 6.5% Weekly Decline Despite Friday’s Modest Recovery.

The global precious metals market observed a challenging week for silver, as the commodity registered a significant weekly loss exceeding 6.50%, even after a slight rebound of 0.84% on Friday.…

Bank of Korea Accelerates Tightening Cycle to 3.25% by Year-End 2026 Amid Persistent Inflation and AI-Driven Semiconductor Boom

The Bank of Korea (BoK) has signaled a decisive shift towards an accelerated monetary tightening cycle, raising its base rate to 2.75% from 2.50% at its July 16 meeting. This…

UOB Strategists Project Short-Term Downside for USD/CNH Amidst Global Monetary Divergence and Consolidation

United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann have provided a nuanced outlook for the USD/CNH currency pair, noting its current consolidation in a tight band…

Societe Generale’s Anatoli Anenkov Anticipates No Immediate ECB Policy Shift, Eyes September Hike Amidst Evolving Eurozone Economic Landscape

Societe Generale’s European economist, Anatoli Anenkov, foresees no immediate policy alterations at the European Central Bank’s (ECB) upcoming governing council meeting, anticipating a reaffirmation of its commitment to a data-dependent,…

WTI Oil Surges Amid Escalating Middle East Tensions and Supply Disruption Fears

West Texas Intermediate (WTI), the United States’ crude oil benchmark, is currently trading around $79.00 during early European hours on Friday, marking its most significant weekly advance since April. This…

EUR/JPY Navigates Geopolitical Tensions and Central Bank Divergence as Yen Gains Fleeting Traction

The EUR/JPY currency pair is currently trading around the 185.80 mark on Thursday, showing marginal movement for the day after having scaled a one-month high earlier this week. This slight…

British Pound: Shorts on the run – ING | FXStreet

The British Pound has recently experienced a significant short squeeze, pushing its value higher against major currencies, particularly the Euro and US Dollar. This sudden surge is primarily attributed to…

OCBC Strategists Forecast Upside Risks for USD/SGD Amid Hormuz Standoff and Rising Inflationary Pressures in Singapore

OCBC strategists Sim Moh Siong and Christopher Wong have issued an analysis flagging slight upside risks for the USD/SGD exchange rate, citing the persistent standoff in the Strait of Hormuz…

New Zealand Dollar Gains Traction Amid Renewed US-Iran Diplomatic Hopes and Divergent Central Bank Policies

The New Zealand Dollar (NZD) demonstrated notable strength against the US Dollar (USD) on Friday, extending its recent upward trajectory as global markets reacted to renewed optimism surrounding potential US-Iran…

Gold slumps below $4,800 on renewed Strait of Hormuz tensions | FXStreet

The price of gold (XAU/USD) experienced a significant slump during the early Asian trading session on Monday, settling around $4,775. This downturn comes as global markets digest renewed and escalating…