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In the view of Economist Lee Sue Ann and Markets Strategist Quek ser Leang at UOB Group, further upside could now lift GBP/USD to the 1.2790 region in the next few weeks. Key Quotes 24-hour view: We highlighted yesterday that GBP “is likely to rise further”. We added, “barring a surge

CME Group’s flash data for crude oil futures markets saw traders scale back their open interest positions by more than 21K contracts on Wednesday, adding to the previous daily drop. In the same line, volume went down for the second session in a row, this time by around 164.3K contracts. WTI: Upside

Extra upside could motivate NZD/USD to retest the 0.6260 region in the short-term horizon, note Economist Lee Sue Ann and Markets Strategist Quek ser Leang at UOB Group. Key Quotes 24-hour view: The strong surge in NZD that sent it to a high of 0.6236 in NY trade came as a surprise (w

EUR/JPY scales higher for the fourth straight day and spikes to a fresh multi-year high on Thursday.The BoJ’s dovish stance, along with reduced bets for Japan’s intervention, weigh heavily on the JPY.Investors now look to the key ECB decision for a fresh impetus ahead of the BoJ meeting on Friday. T

Considering advanced figures from CME Group for natural gas futures markets, open interest remained choppy and shrank by more than 9K contracts on Wednesday. In the same line, volume reversed two consecutive daily builds and dropped by nearly 90K contracts. Natural Gas: Further consolidation remains

Further gains appear in store for USD/JPY on a surpass of the 141.00 hurdle, suggest Economist Lee Sue Ann and Markets Strategist Quek ser Leang at UOB Group. Key Quotes 24-hour view: Yesterday, we stated that “the outlook appears to be mixed” and we expected USD to trade in a range o

Silver meets with a fresh supply on Thursday and drops to a one-week low.The setup favours bearish traders and supports prospects for further losses.A sustained move back above $24.00 is needed to negate the negative bias. Silver struggles to capitalize on the previous day's positive move and comes

Economists at ING discuss European Central Bank (ECB) Monetary Policy Decision and its implications for the EUR/USD pair. Running out of hawkish arguments We expect the ECB to deliver a 25 bps rate hike this week and signal more to come. Rates markets are already priced for this outcome, and s