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Defensive profile shapes tactical trades – OCBC

OCBC’s Christopher Wong notes that USD/SGD has rebounded on stalled US–Iran ceasefire talks, with fading bearish momentum and rising RSI. He highlights resistance around 1.2750/60 and key support at 1.2670, arguing that Singapore Dollar (SGD) has behaved as a regional defensive currency and may eventually underperform higher-beta peers like Malaysian…

EUR/USD slips as Hormuz tensions persist despite Iran ceasefire extension

The Euro (EUR) weakens against the US Dollar (USD) on Wednesday, as ongoing tensions in the Strait of Hormuz offset the impact of the US-Iran ceasefire extension, keeping the Greenback supported. At the time of writing, EUR/USD is trading around 1.1712, extending losses for the second straight day. Meanwhile, the US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, is trading around 98.57, near a one-week high.Iran’s Islamic…

Finance news

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Business

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Trump Media names interim CEO as Devin Nunes steps aside amid losses

Trump Media & Technology Group on Tuesday named an interim chief executive as Devin Nunes stepped aside, marking a leadership transition at the parent of Truth Social following recent board departures and steep financial losses in 2025. The company appointed longtime advisor Kevin McGurn as interim CEO effective immediately, succeeding…

Markets

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SpaceX’s IPO could be a real problem for Tesla

Elon Musk’s other company reports earnings today. Loading audio narration… That’s a funny way to describe a $1.2 trillion company, but Tesla’s increasingly feeling like it’s playing second fiddle to SpaceX.Musk’s space company, which houses his AI startup, xAI, is eyeing a historic IPO that could value it at up…

Investing

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