Author: FX
HSBC notes that Thailand’s 1Q26 growth beat expectations on the back of strong electronics exports and robust private investment and consumption, supported by AI-related activity and fiscal stimulus. However, non-AI sectors face Chinese competition, and consumption is expected to cool as subsidies fade. The bank upgrades 2026 growth but cuts its 2027 forecast and sees inflation easing below 2%.Short-term boost, medium-term headwinds”Growth in 1Q26 exceeded expectations, accelerating to 2.8% y-o-y despite the turmoil in the Middle East. Sectors and industries that are part of the data centre and AI supply chains were particularly buoyant.””Goods exports from Thailand surged 15.5% y-o-y…
The U.S. dollar ended Friday slightly mixed but still posted a gain for the week as investors turned more cautious toward risk assets. The greenback came under pressure from falling U.S. Treasury yields, particularly at the short and intermediate maturities, and another sharp decline in crude oil prices as markets grew increasingly confident that Middle East tensions would not disrupt energy flows through the Strait of Hormuz. On the currency front, the dollar fell vs the EUR, GBP, CAD but declines were modest. The greenback rose vs the AUD and NZD. It as near unchanged vs the CHF and JPY.…
DBS Group Research’s Ma Tieying expects South Korea’s June exports to remain very strong, with year-on-year growth around 50–60% and the trade surplus widening above USD30bn. AI-related semiconductor demand and higher memory prices are seen offsetting energy imports. Headline and core CPI are forecast to rise further, and the Bank of Korea is projected to deliver two 25bps rate hikes by 4Q.Exports strength and CPI upside”June trade and inflation data will be the key focus ahead.””Exports are expected to maintain strong growth of 50-60% yoy for the fourth consecutive month, based on the preliminary data for the first 20 days…
The major U.S. stock indices closed modestly lower on Friday, with technology shares again leading the declines. The NASDAQ was the weakest performer, falling 0.24%, while the Dow Jones Industrial Average slipped 0.09% and the S&P 500 edged lower by 0.05%.The NASDAQ has now declined in each of the past five trading sessions and is down 4.60% for the week. With two trading days remaining in June, the index is lower by 6.21% for the month, putting it on pace for its worst monthly performance since March 2025, when it fell 8.21%.The S&P 500 also posted its fifth consecutive daily…
The dollar topped the majors despite a late fade, gold and stocks whipsawed on a tech-led rout, and crude unwound its war premium toward weekly lows. Source link
Silver (XAG/USD) price registers gains of nearly 2% on Friday but is poised to finish the week with losses of nearly 10%, as the white metal falls below the $60.00 threshold for the first time since the rally that began at the beginning of December 2025. At the time of writing, the XAG/USD pair trades at $59.00 after hitting a low of $55.70.XAG/USD Price Forecast: Technical outlookThe white metal has enjoyed quite a reversal and, so far, has fallen nearly 22% in June. After reaching a record high of $121.66 per troy ounce in January, Silver has lost its luster…
U.S. Secretary of State Marco Rubio outlined a framework aimed at ending hostilities and restoring stability in Lebanon. The proposal attempts to balance Israel’s security concerns with Lebanon’s sovereignty while addressing the longstanding issue of Hezbollah’s military infrastructure.Rubio said: The framework establishes a clear and structured process to restore Lebanon’s sovereignty, disarm Hezbollah, and dismantle its military infrastructure. The agreement would enable Israel to return to its borders once the threat to its citizens has been removed.The agreement creates a trilateral military coordination group for Lebanon facilities by US US will remain fully engaged and committed significant resources, including an…
United Overseas Bank’s Quek Ser Leang and Lee Sue Ann note USD/SGD has stalled after a six-day advance, with the pair easing to 1.2950 before closing near 1.2970. In the near term, they expect range trading between 1.2950 and 1.2980, while warning that a break below 1.2925 would signal the recent 1.2991 high may cap current Dollar strength against the Singapore Dollar.USD/SGD upside momentum cools”24-HOUR VIEW: Two days ago, USD rose more than we expected to 1.2991 and then eased. Yesterday, when USD was at 1.2975, we highlighted that USD “appears to be unwinding from overbought conditions, and any decline…
Crude oil futures settled at $69.23, down $2.69 (-3.74%) on the day. For the week, prices fell nearly 8.5%, adding to losses of 10.4% the prior week and 6.6% the week before that. Since peaking at $119.48, crude has now declined 42.6%, underscoring the dramatic reversal in energy prices.Today’s low reached $68.56, putting the market within striking distance of the February 27 close of $67.28, the final trading day before the start of the Iran-U.S.-Israel conflict. At that time, the average price of gasoline was $2.98 per gallon. According to the American Automobile Association, the current national average stands at…
The Zup Indicator MT4 attracts attention. Instead of focusing only on moving averages or momentum readings, this indicator attempts to identify geometric market structures and harmonic price formations. The idea is simple—spot areas where price behavior suggests a higher probability of reversal or continuation. For traders who struggle with timing entries or filtering weak setups, Zup provides another layer of analysis. It doesn’t remove risk, and it doesn’t predict the market. But when combined with price action and disciplined trade management, it can help traders organize decisions with more structure. Here’s how this indicator works and where it fits inside…