United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note that EUR/USD briefly broke below 1.1180 to a 17‑month low before rebounding to close around 1.1220. Intraday, they expect consolidation inside a defined range.United Overseas Bank (UOB)…
The USD/CAD pair gathers strength to near 1.4275 during the early European trading hours on Tuesday. Falling crude oil prices drag the commodity-linked Canadian Dollar (CAD) lower against the US Dollar (USD). Canada’s Ivey Purchasing Managers Index (PMI) data is…
The Indian Rupee (INR) opens lower against the US Dollar (USD) on Tuesday due to the continuous surge in global bond yields. The USD/INR pair rises to near 96.43, the highest level seen in over two months.The Indian Rupee (INR)…
Nike (NKE) investors were hoping its fiscal first-quarter results would provide clearer evidence that the sportswear giant’s turnaround is gaining traction. Instead, the report offered a mixed picture, with improving margins overshadowed by continued sales weakness and a cautious full-year…
An interesting setup is unfolding at the moment: US longer-term yields keep pushing higher, to multi-decade highs, but the major US indices are unfazed. The US 10-year yield reached 5.35% yesterday, as the S&P500 traded just shy of an all-time…
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