News

United States CFTC Oil NC Net Positions dipped from previous 130.3K to 124.5K

Source  Fxstreet1782156823

United Kingdom CFTC GBP NC Net Positions dipped from previous £-64.2K to £-71.6K

Source  Fxstreet1782156818

United States CFTC S&P 500 NC Net Positions: $-194K vs $-205.6K

Source  Fxstreet1782156813

Australia CFTC AUD NC Net Positions declined to $-4.1K from previous $18.2K

Source  Fxstreet1782156806

United States CFTC Gold NC Net Positions up to $180.2K from previous $173.8K

Source  Fxstreet1782156799

Eurozone CFTC EUR NC Net Positions: €34.4K vs €13.9K

Source  Fxstreet1782156792

Japan CFTC JPY NC Net Positions fell from previous ¥-145.8K to ¥-150.1K

Source  Fxstreet1782156779
Malaysian Ringgit: Stays pressured against US Dollar as trades cautiously – OCBC

OCBC strategists Sim Moh Siong and Christopher Wong highlight that Malaysian Ringgit (MYR) has softened despite supportive domestic data, as Fed-led hawkish repricing keeps US Treasury yields and the US Dollar (USD) firm. Softer Oil offers only a buffer rather than a catalyst.

Source  Fxstreet1782155820

Argentina Unemployment Rate (QoQ) : 7.8% (1Q) vs 7.5%

Source  Fxstreet1782154835
Chinese Yuan : Testing 6.8000 within broader range against US Dollar – UOB

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann report that USD/CNH spiked to 6.7980 before reversing, leaving the pair broadly unchanged near 6.78.

Source  Fxstreet1782152880
Singapore Dollar: Pressured against US Dollar as MAS tightening eyed – OCBC

OCBC strategists Sim Moh Siong and Christopher Wong note that USD/SGD is trading with a bid tone on a firmer US Dollar (USD) backdrop, with resistance around 1.2940 and support near 1.2840/50.

Source  Fxstreet1782150660
Malaysia: Price pressures and policy hold – UOB

UOB economists Julia Goh and Loke Siew Ting note Malaysia’s May headline inflation rose to 2.0% year-on-year, the highest since July 2024, driven by Food, Housing, Utilities and Transport. Year-to-date inflation of 1.7% supports their full-year 2.0% forecast.

Source  Fxstreet1782147720
Asia FX: Growth support versus Fed risks – MUFG

MUFG’s Michael Wan notes that Asian currencies should benefit from stronger regional growth differentials versus the US, particularly in AI-related export economies such as South Korea, Taiwan, Malaysia and Singapore.

Source  Fxstreet1782145380
Singapore Dollar: Range trade against US Dollar – UOB

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note that USD/SGD remains supported around 1.29 as the Singapore Dollar (SGD) Nominal Effective Exchange Rate (S$NEER) trades near the top of its band, implying the pair should hover close to this level.

Source  Fxstreet1782142860
Carry trade: Recovery prospects build – BNY

BNY’s Geoff Yu highlights that iFlow Carry has turned negatively significant for the first time in 2026, signalling ongoing unwinding of carry trades but also a potential contrarian opportunity.

Source  Fxstreet1782140822
Canadian Dollar: BoC patience guided by contained core – NBC

National Bank of Canada's (NBC) Matthieu Arseneau and Alexandra Ducharme note that Canadian headline inflation rose to 3.2% in May, above the Bank of Canada’s (BoC) target range, driven mainly by higher gasoline and food prices.

Source  Fxstreet1782139177
Fed: Hawkish hold extends through 2027 – TD Securities

TD Securities, led by Oscar Munoz and Eli Nir, reports that the Federal Reserve (Fed) has shifted hawkishly and is expected to keep policy rates on hold through 2026 and 2027.

Source  Fxstreet1782138591

Eurozone Consumer Confidence came in at -17.7, below expectations (-17.5) in June

Source  Fxstreet1782136931
Oil: Tight summer balances support higher prices – TD Securities

TD Securities’ Ryan McKay and Bart Melek highlight that crude Oil and petroleum product flows from the Middle East have rebounded sharply, but this surge is seen as temporary as trapped Gulf barrels clear.

Source  Fxstreet1782136288
ECB’s Lagarde: “No evidence yet” of inflation de-anchoring that would warrant stronger ECB action

European Central Bank (ECB) President Christine Lagarde said on Monday that policymakers are not yet seeing signs that the latest inflation shock requires a more aggressive policy response, even as geopolitical tensions add fresh uncertainty to the Eurozone outlook.

Source  Fxstreet1782135486

Canada Consumer Price Index - Core (MoM) climbed from previous 0.1% to 0.2% in May

Source  Fxstreet1782131505

Canada BoC Consumer Price Index Core (YoY): 2.2% (May) vs 2.1%

Source  Fxstreet1782131403

Canada Consumer Price Index (MoM) came in at 1%, above expectations (0.7%) in May

Source  Fxstreet1782131402

Canada Consumer Price Index (YoY) above forecasts (3%) in May: Actual (3.2%)

Source  Fxstreet1782131402

Canada BoC Consumer Price Index Core (MoM) increased to 0.6% in May from previous 0.2%

Source  Fxstreet1782131402
Oil: Energy shock drives macro risks – Rabobank

Rabobank’s Senior Macro Strategist Teeuwe Mevissen highlights that Oil and broader energy markets remain central to the global macro backdrop, tightly linked to Middle East tensions.

Source  Fxstreet1782130423
British Pound: Political change and flows – BNY

BNY’s Geoff Yu highlights that Sir Keir Starmer’s resignation and the likely appointment of Andy Burnham as Prime Minister are largely priced into U.K. assets.

Source  Fxstreet1782129477
Canada: Inflation seen firming with energy support – TD Securities

TD Securities strategists expect Canada’s May Consumer Price Index (CPI) to rise, with headline inflation projected at 3.1% year-on-year and 0.8% month-on-month, driven by higher energy prices and seasonal factors.

Source  Fxstreet1782128084
Fed: Warsh signals tighter path – Deutsche Bank

Deutsche Bank strategists report that after a hawkish Federal Open Market Committee (FOMC) under new Chair Kevin Warsh, they now forecast two 25 bps Fed hikes in 2026, likely in September and December, taking the fed funds rate to around 4.1%.

Source  Fxstreet1782127096
Brent: Talks ease supply risk – Deutsche Bank

Deutsche Bank strategists note that Brent Oil has reversed earlier gains as progress in US–Iran talks reduces fears over disruptions at the Strait of Hormuz.

Source  Fxstreet1782121571
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