Author: Admin

GBP/JPY gives back part of its earlier gains on Monday as the British Pound (GBP) comes under pressure following reports that UK Prime Minister Keir Starmer will face a parliamentary vote on a possible probe into whether he misled lawmakers over the appointment of Peter Mandelson.However, the downside remains limited as the Japanese Yen (JPY) continues to underperform most of its major peers, with elevated Oil prices weighing on the currency given Japan’s heavy reliance on imported energy.At the time of writing, GBP/JPY is trading around 215.67, easing slightly after hitting 216.06, its highest level since January 2008, while the…

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  How Headlines Drive Financial Markets Stock market news today   Traders don’t react to headlines by accident. They do it because it works. As long as market participants and automated systems respond instantly to breaking news, ignoring headlines simply isn’t an option. The real challenge isn’t whether to pay attention, but how to decide when to follow the initial reaction and when to push against it. This dynamic is especially visible during periods of geopolitical tension, such as the recent U.S.–Iran developments, where a constant stream of headlines has repeatedly triggered sharp market moves. Why Headlines Hold So Much…

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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…

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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…

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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…

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