BofA has upgraded its yen view to neutral from bearish and cut its end-2026 USD/JPY forecast to 152 from 157, citing improving structural flows and flagging three catalysts that could turn it outright bullish. Summary: The following is drawn from a Bank of America Securities research note: BofA has upgraded its yen view to neutral […]
This week, US 10-year Treasury yield has surged through its March-April range in a violent breakout that has pushed yields to fresh 52-week highs and their highest levels since early 2025. This is not just another inflation scare. Markets are beginning to reprice the entire higher-for-longer story all over again — and this time, the
Kelvin Wong Senior Market Analyst Based in Singapore, Kelvin Wong is a well-established senior global macro strategist with over 15 years of experience trading and providing market research on foreign exchange, stock markets, and commodities. Passionate about connecting the dots in the financial markets and sharing perspectives around trading and investment, Kelvin Wong is an
Brent fell 0.4% and WTI slipped 0.3% after Trump claimed the Iran war will end very quickly, though investors remain cautious as US crude stocks fell for a fifth straight week. Summary: Brent crude fell 45 cents, or 0.4%, to $110.83 a barrel in early trade, while WTI dropped 27 cents, or 0.3%, to $103.88,
2026.05.19 2026.05.20 Weekly Economic Calendar for 25.05.2026–31.05.2026 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ The week of May 25–31, 2026, marks the end of the month and rounds off the first half of the year. Market participants will be focused on key macroeconomic releases from the US, Australia, New Zealand, Japan, Canada, Germany, and China, as well as the Reserve
Japan’s Reuters Tankan showed manufacturers’ sentiment edging up to plus 8 in May from plus 7, but the outlook index fell to plus 5 for August as Hormuz supply disruptions and auto sector weakness weighed Summary: The following is drawn from the Reuters Tankan poll of 220 major Japanese non-financial firms, conducted 1-15 May: The
Trump convened a national security meeting on Iran war plans Monday evening, hours after announcing a pause in strikes, with Gulf leaders’ concerns over oil facility retaliation cited as a key factor in his decision to hold off. Related: Summary: According to two US officials cited by Axios reporter Barak Ravid, a well-placed source for
Huge draw … Expectations I had seen centred on: Headline crude -3.4 mn barrels Distillates -1.3 mn bbls Gasoline -2.1 mn — Crude markets navigated a choppy session before settling broadly flat on Tuesday, with two late Wall Street Journal reports pulling benchmarks back toward their highs into the close. The more consequential of the
The WSJ is reporting: Iran’s negotiating position remains largely unchanged, with mediators and U.S. officials saying there has been little progress toward a breakthrough deal. Trump said he halted planned U.S. strikes on Tuesday due to what he described as positive developments in negotiations. Iran continues demanding: An end to hostilities Financial relief and reparations
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The London Stock Exchange Group’s (LSEG) foreign exchange trading venue, FXall, is preparing to launch a service that separates credit risk from market-making in FX forwards trades with buy-side clients. FX Markets understands the service – Split Risk – will allow buy-side users to enter outright forwards by trading a combination of spot and an FX
Stock markets have surged since the peak of the US-Iran conflict, but this strong trend is finally starting to slow down. After weeks of pushing the market higher, semiconductor giants and the Magnificent 7 are now pulling back, putting a sudden stop to the recent Wall Street excitement. Geopolitical tensions are still unresolved, and the
The National Association of Realtors released a report on Tuesday showing pending home sales in the U.S. jumped by more than expected in the month of April.NAR said its pending home sales index shot up by 1.4 percent to 74.8 in April after surging by 1.7 percent to an upwardly revised 73.8 in March. Economists
The sharp rise in US Treasury yields remains one of the dominant macro themes in global markets this week, with the 10-year yield climbing back to 4.62% after only a brief pullback yesterday, near its highest level in more than a year. While markets continue focusing on inflation concerns and expectations for prolonged restrictive Federal
FUNDAMENTAL OVERVIEW The Nasdaq has been surging into new record highs despite the prolonged US-Iran stalemate and the Strait of Hormuz closure. The rally in April was justified by easing US-Iran tensions, the constant push for a diplomatic resolution instead of another full-fledged war and expectations that a deal would be reached eventually. Now, we
2026.05.19 2026.05.19 Yen Sags Despite Strong GDP Data. Forecast as of 19.05.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Japan holds an enormous $1.17 trillion in foreign exchange reserves. However, deploying those reserves for currency market intervention could create significant unintended consequences. In particular, it could trigger a sharp rise in US Treasury yields, a scenario Washington would likely find
Spain’s foreign trade deficit decreased in March from a year ago, as exports grew faster than imports, preliminary data from the Economy Ministry showed on Tuesday.The trade deficit dropped to EUR 4.4 billion in March from EUR 5.5 billion in the corresponding month last year. In February, there was a shortfall of EUR 3.3 billion.Exports
