Author: FX
DBS Group Research anticipates China’s credit demand to stay weak in July, with new Yuan loans around RMB 10.8 billion and M2 growth at 8% year-on-year. Corporate and household medium- to long-term lending are likely to soften amid cautious borrowing and mortgage prepayments. Elevated precautionary savings and subdued property prices are expected to constrain investment and consumption.Weak lending and elevated savings”Credit demand remains weak, with new yuan loan is expected to stay at RMB10.8bn in July.””Both corporate and household medium- to long-term lending likely softened amid cautious borrowing sentiment and continued mortgage prepayments.””M2 growth is expected to remain at 8.0%…
United Overseas Bank (UOB) analysts Quek Ser Leang and Lee Sue Ann see USD/CNH confined to a narrow intraday range, with flat momentum suggesting consolidation between 6.7450 and 6.7550. Their 1–3 week view still anticipates the Dollar edging lower toward 6.7300 while 6.7640 caps the upside, and over 1–3 months a sustained recovery requires a break above the 21-week EMA at 6.8430.Dollar seen consolidating in tight band”24-HOUR VIEW: Following Wednesday’s price movements, we highlighted the following yesterday: “Despite the quiet price action, the underlying tone appears to be soft, and there is a chance for USD to test 6.7420. However,…
Four quiet sessions of Hormuz headlines gave way to a payrolls shock that knocked the dollar down, lifted gold to two-month highs, and reset Fed rate bets. Source link
In 2026, trading desks lean on machine learning models that scan headlines and macro data in real time alongside years of price history, and gold has become one of the more interesting tests of what that shift actually changes. The metal has swung wildly this year, trading above $5,000 an ounce before pulling back hard, and every leg of that move got attributed to something. The tools analyzing gold have gotten faster. Whether the reasons people actually buy and sell it have changed much is a separate question.How AI has changed the way Gold tradesAI-driven systems can process macroeconomic data…
DBS Group Research expects Singapore’s final 2Q26 GDP to be revised up to 5.9% year-on-year and 1.3% quarter-on-quarter seasonally adjusted, driven by stronger manufacturing and services. With first-half growth above trend, the team sees a high chance the government will raise its 2026 GDP forecast to 4.0–5.0%, while still highlighting significant uncertainty and downside risks.Growth beats trend, forecast upgrade in sight”We expect Singapore’s final 2Q26 GDP print to be revised up to 5.9% yoy and 1.3% qoq sa, from the advance estimates of 5.7% yoy and 1.1% qoq sa.””The modestly higher growth figures were driven by a firmer manufacturing outturn…
A US official said on Friday that there is progress in Oman-Iran talks and that a deal could be signed soon, according to Reuters. Once the deal is announced, this would restore commercial shipping in the Strait of Hormuz, and the US would lift the blockade. Meanwhile, another official told ABC News that a temporary route was discussed and that it would be limited to 60 days. The official warned that nothing is final until publicly announced, and another source said that the Trump administration wants total freedom of commercial navigation through the Strait, without Iranian tolls or any arrangement requiring…
investingLive Americas market news wrap: Non-farm payrolls turn negative, dollar drops !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
The British Pound retreats against the Japanese Yen, down about 0.24%, as the Yen is poised to end the week on a higher note. However, GBP/JPY is poised to finish the week with minimal gains, trading at 212.64.GBP/JPY Price Forecast: Technical outlookThe GBP/JPY trades sideways, though slightly tilted to the downside, following an intervention in the FX markets by US and Japanese authorities. Worth noting that after soft US jobs data, Japanese Finance Minister Katayama said she agreed with US Treasury Secretary Scott Bessent that FX markets had been affected by moves rather than fundamentals.This pushed GBP/JPY to the day’s…
Standard Chartered’s Jonathan Koh and Edward Lee now expect Bangko Sentral ng Pilipinas (BSP) to keep its policy rate unchanged at the 27 August meeting, abandoning a previously projected hike. The bank trims its 2026 Gross Domestic Product (GDP) growth forecast to 3.5% and lowers Consumer Price Index (CPI) expectations, while still projecting rate cuts in 2027 once inflation falls below 4%. BSP rhetoric is expected to stay hawkish.BSP seen on hold but still hawkish”We now expect Bangko Sentral ng Pilipinas (BSP) to keep its policy rate unchanged at its 27 August meeting, versus our previous forecast of a 25bps…
The US Dollar Index (DXY) fell below the 100.00 region after sinking through Friday’s session. July Nonfarm Payrolls (NFP) showed the US economy shedding 23K jobs against forecasts of an 80K gain, with June revised down to 20K, and Average Hourly Earnings slowing to 3.2% on the year. Markets that had spent late July pricing a hawkish Federal Reserve (Fed) reversed course in the morning. This coming Wednesday’s Consumer Price Index (CPI), projected at 3.4% YoY headline and 2.5% YoY on the core measure, now decides whether that repricing extends or stalls. Two Fed speakers follow on Thursday, with Hammack…