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Share: Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group note that further downside looks likely once USD/CNH breaches the 7.2800 level. Key Quotes 24-hour view: Our view from last Friday was that USD “could decline towards 7.2800, but it is unlikely to break below t

Share: In the ever-evolving energy markets, the focus of today's technical analysis centers on WTI Oil. Recent developments suggest that this commodity might be on the cusp of a bearish correction. This assumption is grounded in its recent interaction with a critical horizontal support at the $94 pe

Share: Asia Market Update: Foreign funds sold record amount of Japan equities last week as Nikkei sold off >2% today; CN PBOC pumps massive liquidity; Asian currencies still under pressure; Evergrande group co’s trading halted; Markets look to end-of-week inflation data. General trend - Global Fu

Share: Economist at UOB Group Lee Sue Ann reviews the latest BoE monetary policy meeting. Key Takeaways The Bank of England (BOE) left interest rates unchanged on Thu, ending a series of 14 consecutive rate hikes since Dec 2021, when the Bank Rate was just at 0.10%. The Monetary Policy Committee (MP

The U.S. dollar was higher in the European session on Monday, amid the Federal Reserve's stance of higher-for-longer interest rates and concerns about the property market in China. China Evergrande Group, the world's most indebted property developer, said it was unable to issue new debt due to an on

Canada retail sales expected to rise BoC releases summary of deliberations The Canadian dollar is showing limited movement on Thursday. In the North American session, USD/CAD is trading at 1.3474, up 0.09%. Canada’s retail sales expected to improve Canada wraps up the week with the retail sales repo