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Commerzbank highlights that BSP raised its policy rate by 25bp to 4.50%, signalling the start of a new tightening cycle to anchor inflation expectations. Despite a hawkish tone and higher inflation forecasts, the Peso underperforming regional peers since the Iran war as the Philippines remains highly exposed to Middle East energy prices.Rate hike fails to lift weak currency”The Bangko Sentral ng Pilipinas (BSP) raised the target reverse repo rate by 25bp to 4.50%. The market consensus was split 50-50 on a rate hike in a Bloomberg poll. It was BSP’s first rate hike since September 2023. The decision was aimed…
President Trump’s pick for Fed chair, Kevin Warsh, may cancel the regular Q&A with reporters.
OCBC strategists Sim Moh Siong and Christopher Wong flag slight upside risks for USD/SGD as the Hormuz standoff weighs on risk appetite and imported cost pressures. While Singapore Dollar (SGD) remains a regional defensive currency, they note fading bearish momentum and rising RSI on USD/SGD, alongside expectations that Singapore inflation will accelerate toward 2% as energy-related costs from the Middle East conflict pass through supply chains.Defensive SGD faces inflation pressures”Slight upward risk. USD/SGD inched higher overnight tracking the broad USD rebound.””Pair was last at 1.2780 levels. Bearish momentum on daily chart faded while RSI rose.””Risks somewhat skewed to the upside…
Financial literacy will get serious treatment in high schools starting next year as part of the AP’s new ‘Career Kickstart’ bundle
USD/JPY trades around 159.50 on Friday at the time of writing, down 0.14% on the day and ending a sequence of four consecutive days of gains. The move comes amid a pullback in the US Dollar (USD), as improving market sentiment reduces demand for safe-haven assets.The prospect of a new round of discussions between the United States (US) and Iran, with Iranian Foreign Minister Seyed Abbas Araghchi expected to reach Pakistan on Friday, is fueling hopes of de-escalation. This dynamic supports risk-sensitive assets and weighs on the Greenback, with the US Dollar Index (DXY) easing toward 98.60.In this context, comments…
Intel shares could see their best post-earnings performance on record and finally surpass their 2000 closing high amid a “CPU renaissance.”
GBP/JPY advance stalls around 215.70, then retreats to 215.00 as risk appetite deteriorates amid Middle East headlines, leaving traders uncertain about the conflict’s outcome. The cross trades at 215.06 at the time of writing.GBP/JPY Price Forecast: Technical OutlookThe GBP/JPY is consolidating for the second straight day, suggesting that further gains are off the table, with the psychological 216.00 level not yet tested. Worth noting that every upside move towards the latter was rejected, with the 214.00 figure capping downward moves.Momentum is bullish, as depicted by the Relative Strength Index (RSI), though moving gradually towards its 50 neutral level.If GBP/JPY closes…
The government-backed entities are embracing a rival type of credit score.
Tucked outside Birmingham’s city center lies one of the most important jewelry production hubs in the world: the Birmingham Jewellery Quarter. With a history spanning over 250 years, this iconic district has long been synonymous with craftsmanship, innovation and the enduring value of precious metals. Today, while much has changed in the global jewelry industry, the Jewellery Quarter remains a vital part of the supply chain, especially when it comes to gold. A Rich History of Craftsmanship The Birmingham Jewellery Quarter dates back to the 18th century, when skilled artisans began setting up workshops in the area. As the Industrial…
Iran fired on three ships in the Strait of Hormuz and escorted two of them to Iranian waters, the Wall Street Journal reported on Wednesday. The attacks came a day after US President Donald Trump extended a ceasefire while maintaining an American blockade of Iranian ports.Iranian media said the paramilitary Revolutionary Guard was bringing the two ships to Iran, marking a further escalation, though the White House press secretary Karoline Leavitt said the seizures didn’t violate ceasefire terms.Market reactionAt the time of writing, the West Texas Intermediate (WTI) is up 0.35% on the day at $92.25. WTI Oil FAQs WTI…