Tuesday, 28 July 2026
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On Monday, late in the North American session, US President Donald Trump stated that there was a good inflation report recently, adding that costs were falling rapidly and that prices should drop significantly once the …
WTI Crude Oil trades just above $81.00 on Monday, down close to 9% from Friday's close near $89.00, having gapped more than $5.00 lower at the open and spent the session extending rather than repairing it. Brent broke b…
Commerzbank’s Charlie Lay notes Monetary Authority of Singapore (MAS) unexpectedly tightened policy for a second meeting, slightly increasing the Singapore Dollar (SGD) Nominal Effective Exchange Rate (NEER) slope and s…
Commerzbank’s Dr. Jörg Krämer argues that high energy prices will continue to weigh on the German economy in the second half of 2026, limiting full-year growth to 0.6%. He notes that the strong Ifo business climate read…
Brown Brothers Harriman’s (BBH) Elias Haddad reports that the Indonesian Rupiah (IDR) and Jakarta equities underperformed after Bank Indonesia Governor Perry Warjiyo unexpectedly resigned two years before his term ends,…
The US Dollar (USD) traded mostly unchanged on Monday as a temporary pause in hostilities between the United States and Iran reduces demand for safe-haven assets. The US Dollar Index (DXY) traded lower earlier in the se…
The EUR/JPY holds firm around 163.70 on Monday as the Japanese Yen strengthens, with investors cautious about opening fresh hawkish bets amid fears of intervention in the foreign exchange market.
OCBC’s Sim Moh Siong and Christopher Wong expect USD/CNH to stay broadly rangebound near term, with the daily People's Bank of China (PBoC) fix clustered around 6.79 and acting as an anchor rather than a directional sig…
The Japanese Yen trades a little firmer on Monday, with USD/JPY down 0.05% and sitting short of 164.00 after last week's high stalled a hundredth of a Yen beneath the figure. Markets have spent a fortnight waiting for T…
Silver (XAG/USD) reverses part of its earlier gains on Monday as the US Dollar (USD) rebounds after opening the week with a bearish gap following a temporary pause in attacks between the United States (US) and Iran.
The Dow Jones Industrial Average (DJIA) trades near 52,200, up around 250 points, on Monday after a session that handed it the month's cleanest bullish catalyst and then took most of it back. The peace bid carried the i…
MUFG’s Lloyd Chan notes that the Monetary Authority of Singapore (MAS) delivered a second consecutive tightening by slightly increasing the Singapore Dollar (SGD) Nominal Effective Exchange Rate (NEER) slope, reinforcin…
USD/CHF climbs to fresh highs since June 2025 on Monday after Bloomberg reported that the Swiss National Bank (SNB) could keep its policy rate at zero until the end of 2027. The SNB later declined to comment on the repo…
BNP Paribas strategists see Japan’s Gross Domestic Product (GDP) growth slowing to 0.8% in 2026 from 1.1% in 2025 as higher inflation and energy-related costs weigh on activity, partly offset by fiscal support and AI (A…
AUD/USD retreats to 0.6990 on Monday, though still up on Friday's close, after briefly rising as high as 0.7011 during the Asian session as investors prepare for key Australian inflation data and the Federal Reserve’s i…
ING’s James Smith expects the Bank of England to keep rates on hold on 30 July and sees a prolonged pause extending through 2026. New forecasts are likely to show UK inflation peaking near 3%, below the 4% level seen as…
EUR/USD trades lower near the 1.1370 area on Monday, surrendering earlier gains as investors remain cautious ahead of key Eurozone growth figures and the Federal Reserve’s (Fed) monetary policy decision.
The Pound Sterling retreats by 0.13% even though the Greenback is flat during the day. Risk appetite shifted sour on news that a Chinese state-backed company is producing chipmaking machines, prompting a sell-off in ASM…
Beijing is selling clean energy to the world, Washington is pushing oil and gas. Both are driven by national security.
Commerzbank’s Charlie Lay notes Monetary Authority of Singapore (MAS) unexpectedly tightened policy for a second meeting, slightly increasing the Singapore Dollar (SGD) Nominal Effective Exchange Rate (NEER) slope and s…
West Texas Intermediate (WTI) US Oil extends its decline on Monday, trading around $82.60 per barrel at the time of writing, down 7.4% on the day. Crude Oil opened the week with a sharp bearish gap after the United Stat…
Commerzbank’s Tatha Ghose reports the Russian central bank cut its key rate to 14.0% despite raising its 2026 inflation forecast and projecting stagflationary macro conditions. He argues the easing cycle suggests politi…
MUFG’s Lee Hardman notes the US Dollar has softened as Middle East tensions ease and Brent Oil retreats below USD90, reducing energy-driven inflation fears. The correction in energy prices has slightly lowered market-im…
Gold (XAU/USD) opens the week with a bullish gap on Monday but struggles to build on its early advance as optimism over a temporary pause in attacks between the United States (US) and Iran fades and Oil prices recover f…
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