Singapore Dollar: Consolidation with preference to sell rallies – OCBC

The post Silver: Rally stretched near term – OCBC appeared on BitcoinEthereumNews.com. OCBC strategist Christopher Wong describes Silver’s recent surge toward USD87–88/oz as driven mainly by technical momentum. He notes industrial metals are also better bid and that softer US–China rhetoric could support Silver further. However, overbought RSI and “buy the rumour, sell the fact” risks argue for near-term caution with resistance seen around 90–92.60. Overbought signals and profit risk “Silver rally looks stretched near term.” “Silver extended it run higher (+13% on 5d% change), with spot holding around the $87–88/oz area after breaking above the recent $83–84 resistance zone. The move looks less rates driven as yields were firmer.” “The move higher looks more driven by a mix of technical breakout momentum and possibly, pre-positioning ahead of the Trump–Xi meeting, especially as other industrial metals were also better bid. “ “A softer tone on US-China rhetoric on tariffs, supply chains

The post South Korean Won Under Pressure As Volatility Persists, Says OCBC appeared on BitcoinEthereumNews.com. South Korean Won Under Pressure As Volatility Persists, Says OCBC Skip to content Home Forex News South Korean Won under pressure as volatility persists, says OCBC Source: https://bitcoinworld.co.in/south-korean-won-volatility-ocbc/

The post South Korean Won: Fading strength as volatility stays high – OCBC appeared on BitcoinEthereumNews.com. OCBC’s Christopher Wong reports South Korean Won (KRW) led declines in Asia FX, pressured by higher Oil, firmer UST yields, softer risk tone and heavy foreign equity outflows. He expects USD/KRW to stay choppy and vulnerable if Oil remains elevated and risk sentiment fragile, but advises against chasing the pair higher. Wong prefers fading rallies, citing Korea’s AI/export leverage and resilient semiconductor cycle as medium-term supports. KRW pressured but rallies seen to fade “KRW came under renewed pressure overnight and led declines in Asian FX.” “Near term, USDKRW can remain choppy and vulnerable to wider swings, especially if oil prices stay elevated and global risk sentiment remains fragile.” “we would avoid chasing USD/KRW higher from here and would look to fade rallies selectively for better risk-reward, as Korea’s AI/export leverage and still-resilient semiconductor

The post Japanese Yen: Choppy trade versus US Dollar around intervention line – OCBC appeared on BitcoinEthereumNews.com. OCBC’s FX Christopher Wong describes USD/JPY as a two-way trade after suspected Ministry of Finance (MoF) intervention capped gains near 160. He notes bearish daily momentum but says fundamentals are not decisively Japanese Yen (JPY)-positive, with higher Oil prices still a drag. The pair is expected to stay choppy, driven by Oil swings, with support from 155.40 and resistance up to 158.70. Intervention risk tempers upside bias “USD/JPY traded near recent lows last week. Price action remains a two-way trade after recent suspected MoF intervention helped cap upside near the 160-handle.” “While intervention risk may keep JPY shorts more cautious, the fundamental backdrop is not yet decisively JPY-positive. Higher oil prices remain a terms-of-trade drag on JPY. “ “Near term, USD/JPY may stay choppy, driven by swings in oil prices. Pair was last at 156.70 levels. Bearis