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Indian Rupee: GDP data to show resilience – DBS
DBS Group strategists Taimur Baig and Nathan Chow expect India’s 1QFY27 Gross Domestic Product (GDP) to confirm that the economy has weathered geopolitical disruptions better than initially feared.
Asia FX: Central banks act as risk managers – MUFG
MUFG’s Michael Wan reviews recent decisions by Bank of Korea (BoK), Bangko Sentral ng Pilipinas (BSP) and Bank of Japan (BoJ), stressing a shared risk-management approach under uncertainty. BoK and BSP both hiked 25 bps but signalled a slower pace ahead while keeping tightening options open.
Euro: Range phase caps recent advance against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann report EUR/USD held near 1.1650 after a brief dip, with intraday action lacking strong downside momentum.
Japanese Yen dips further despite hotter inflation, upbeat employment data
The Japanese Yen (JPY) edges lower for the fifth consecutive day against the US Dollar (USD) on Friday, despite hot Tokyo inflation numbers and an unexpected decline in the Unemployment Rate earlier in the day.
WTI Price Forecast: Falls to near $82.00 after breaking below nine-day EMA
West Texas Intermediate (WTI) oil price declines after two days of gains, trading around $82.20 during the European hours on Friday. The technical analysis of the daily chart indicates that the spot is remaining within the ascending channel, suggesting that the primary trend is upward.
Japanese Yen: BoJ seen close to September rate hike – Commerzbank
Commerzbank’s Volkmar Baur says accelerating inflation in Tokyo has strengthened the case for a Bank of Japan (BoJ) rate hike in September. Markets are pricing an implied probability of around 84% for a move, while the BoJ has yet to give clear guidance on timing.
Turkey Trade Balance registered at -7.343B above expectations (-7.4B) in July
Turkey Trade Balance registered at -7.343B above expectations (-7.4B) in July
Turkey Economic Confidence Index up to 100.6 in July from previous 99.8
Turkey Economic Confidence Index up to 100.6 in July from previous 99.8
Spain Retail Sales (YoY): -0.3% (July) vs previous 0.5%
Spain Retail Sales (YoY): -0.3% (July) vs previous 0.5%
Spain Harmonized Index of Consumer Prices (YoY) came in at 4.5% below forecasts (4.6%) in August
Spain Harmonized Index of Consumer Prices (YoY) came in at 4.5% below forecasts (4.6%) in August
Spain Harmonized Index of Consumer Prices (MoM) came in at 0.6%, below expectations (0.8%) in August
Spain Harmonized Index of Consumer Prices (MoM) came in at 0.6%, below expectations (0.8%) in August
Spain Consumer Price Index (YoY) came in at 4.3%, above forecasts (4.2%) in August
Spain Consumer Price Index (YoY) came in at 4.3%, above forecasts (4.2%) in August
Spain Consumer Price Index (MoM) above expectations (0.6%) in August: Actual (0.7%)
Spain Consumer Price Index (MoM) above expectations (0.6%) in August: Actual (0.7%)