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Almost inevitably, we're back here again early on Monday morning in Asia with a risk-on tone, sparked by another barrage of positive headlines out of the Middle East. After spending the weekend worrying about a major escalation, traders have once again been handed a de-escalation headline just before Globex reopened, amplifying the initial reaction in ...

Singapore's central bank tightened its monetary policy settings unexpectedly on Monday, with inflation projected to step up in the months ahead. Singapore's central bank has a unique method of managing monetary policy, tweaking the exchange rate of its currency instead of changing domestic interest rates like many economies. The Monetary Authority of ...

Japan Prime Minister Takaichi: FX rates fluctuate due to multiple factors, difficult to isolate impact of one Japan Prime Minister Takaichi: Monetary policy changes, specific steps up to BoJ to decide Japans Prime Minister Takaichi signals readiness for further swift measures to mitigate the economic fallout from the Middle East conflict.

When Sanae Takaichi ascended to the premiership of Japan in October 2025, she carried with her the mandate of an electorate exhausted by stagnation and rising grocery bills. Food inflation had eclipsed seven percent the previous year, and her coalition's platform rested on a deceptively simple promise: revitalize the sclerotic economy and restore purchasing ...

The Services Producer Price Index (All items) rose 3.2 percent from the previous year. The Services Producer Price Index (All items <excluding International transportation>) rose 2.8 percent from the previous year. tables

The bullish breakout flagged in last week's outlook played out exactly as anticipated, sending USD/JPY to fresh multi-decade highs. Whether the rally can extend further will likely be determined by a packed week headlined by policy decisions from the Federal Reserve and Bank of Japan, alongside key inflation, growth and labour market data from both ...

The Federal Reserve’s July 28-29 policymaking meeting on interest rates was, frankly, expected to be a snooze fest just a few weeks ago. Now, it’s going to be a humdinger. Economists, traders, and other Fed watchers were forecasting that the Federal Open Market Committee would vote to hold the benchmark Federal Funds Rate steady. This was due to a ...

At Friday’s market close, the Euro to Dollar (EUR/USD) exchange rate was quoted at $1.1371, down 0.05% on the day and from $1.1438 the previous Friday. EUR/USD fell in four of the five sessions and finished just above July’s low at 1.1362, leaving the Euro on the defensive heading into the new week. Lloyds Bank says the latest rise in energy and wider ...

Historically, the Canadian Dollar trades closely with global oil prices, rising when they go up and falling when they drop. That makes sense given Canada’s status as a major oil exporter, but in recent years something isn’t right. The recent spike in oil prices hasn’t given the Canadian Dollar any lift and it doesn’t look like Trump tariff announcements are ...

Iran’s Foreign Minister Abbas Araghchi on Sunday warned that his country would respond to a deadly attack by Ukraine on an Iranian ship in the Caspian Sea. It came after Ukrainian President Volodymyr Zelensky said Kyiv had carried out long-range strikes in the Caspian Sea against vessels transporting military cargo involving Iran, underscoring the ...

The Trump administration has imposed double-digit tariffs on more than 60 countries, using a legal justification that permits the president to levy import taxes and other sanctions against countries found to engage in “unjustifiable,” “unreasonable” or “discriminatory” trade practices. The new tariffs announced in recent days take effect just as temporary ...

Iran To Halt Attacks As Long As U.s. Maintains Latest Pause, Senior Iranian Source Tells Reuters

Iran summoned a Ukrainian diplomat in Tehran on Sunday to protest an attack on an Iranian commercial vessel in the Caspian Sea, as the war in the Middle East threatened to overlap with the Ukraine conflict. Iran said the attack left one sailor dead and injured several others. The country’s foreign ministry complained to Ukraine’s chargé d’affaires in Tehran ...

Defence Secretary Wes Streeting says the UK should not be intimidated by "sabre-rattling" threats of attack from Iran. Last week, the regime said the country was a legitimate target because of its role supporting the US/Israel war on Iran. Speaking to the BBC, Streeting said Britain should not put "too much stock" on what Iran had said. "We stand ready to ...

A federal appeals court on Saturday declined to allow U.S. President Donald Trump’s administration to implement in 23 states his executive order that aims to tighten rules for mail-in voting ahead of November elections that will decide control of Congress. The Boston-based 1st U.S. Circuit Court of Appeals rejected the administration’s request to lift an ...

China's market regulator said on Saturday (Jul 25), it had fined and confiscated a total of 5.2 billion yuan (US$770 million) from Trip.com Group for abusing its dominant position in the domestic online hotel-booking market. Trip.com, China's largest online travel platform, used traffic-allocation mechanisms, platform rules and technical measures to strike ...

It’s the nuclear option. American Special Operations forces are waiting in the wings to launch the “most sophisticated operation in military history” to seize Iran’s enriched uranium from heavily fortified nuclear sites. “I hate to say it, but I think the most likely way to get rid of Iran’s nuclear material, at least what they currently have, is a military ...

The Euro remains supported by expectations of further ECB tightening, but EUR/USD is still struggling to escape the lower end of its July range. EUR/USD traded close to 1.1371 at the end of the latest session, leaving the pair near July’s low after a subdued week for the single currency. The Euro has fallen in six of the past eight completed sessions and is ...

Sovereign bond yields have risen sharply in recent days — not only in the United States, but also in Japan, the United Kingdom and the Eurozone. This is something SriKonomics has repeatedly warned about in past issues. The selloff is all the more striking because it is taking place against a backdrop of slowing global economic growth. And this may be the ...

“Many participants noted that ongoing strong demand for AI infrastructure would likely sustain upward pressure on prices for technology products and electricity.” That line from the Federal Reserve’s June meeting minutes captured a shift that Wall Street is only beginning to price. Artificial intelligence was sold to investors as a productivity revolution. ...

The escalation of the Middle East war sent oil prices sharply higher and pulled interest rates up, too. September WTI rose by more than 10% for a three-week increase of more than 25%. Neither side seems prepared to back down. However, judging by the largest spread this year (~$11) between the September WTI and the December contract suggests many ...

Axios citing sources: The U.S. Army is working on plans for the possibility of launching major operations against Iran but Trump has not issued his orders yet Axios citing sources: Trump's decision to halt the strikes came hours after an Omani delegation arrived in Tehran to conduct talks regarding the Strait of Hormuz

This week President Trump signed an order imposing 50 percent tariffs on a wide array of Canadian exports in retaliation for Canada’s retaliation on his earlier tariffs, and some Canadian premiers were soon urging even more revenge. Doug Ford, Ontario’s premier, called on Ottawa to block or limit exports of potash, important minerals and energy, including ...

Iran’s Foreign Minister Abbas Araghchi said on Saturday there was no military solution to the escalating conflict between Saudi Arabia and the Tehran-backed Houthi rebels in Yemen after both sides traded attacks. “We believe that there is no military solution to the issue of Yemen, Bab al-Mandab, and other regional issues,” said Araghchi in an interview ...

The United States on Friday imposed fresh tariffs ranging from 10% to 12.5% on imports from 60 trading partners, including the European Union, China, India, Japan and South Korea, marking the first major step by President Donald Trump's administration to rebuild its global tariff regime after the US Supreme Court struck down his previous reciprocal duties ...

Take it slow… At least, that seems to be the modus operandi for the European Central Bank as it unanimously voted to leave its key lending rates unchanged on July 23rd. Although this was broadly expected given that it was just six weeks prior that it tightened for the first time since 2023, a lot has happened since then, including Brent oil pushing through ...

President Trump wrote on Truth Social that the US will launch a Section 301 investigation into the European Union for "robbing American companies, in turn, the American Taxpayer." Trump said Brussels is using America as a "PIGGYBANK" by fining Big Tech companies billions and billions of dollars. Trump listed the technology companies that have been fined a ...

A parade of familiar but scary factors marched through markets this week as the bond vigilantes, tariff headlines, and escalation of military aggression in the Middle East all combined to take markets down late in the week. This is a continuation of last week’s selloff, and we are now a decent bit off the highs across the board. Correlation within the ...

Rising US and global bond yields, combined with geopolitical risk and higher energy prices, have supported the US Dollar, while expectations of a Federal Reserve rate rise have also underpinned demand. The DXY is approaching its prior peak at 101.80, and a move above that level would add to upward momentum. In rates markets, the overnight index swap pricing ...