Today Markets Analysis: Soybean oil remains firmly supported by a combination of strong biofuel demand, elevated crude oil prices and renewed Chinese buying of US soybeans. At the same time, the market remains technically trapped within a well-defined range, leaving traders focused on whether buyers can eventually reclaim the 73.5 area or whether sellers regain […]
Today Markets Analysis: US natural gas futures edged lower on Friday as a larger-than-expected weekly storage build reinforced concerns over adequate supply, although persistent heat across parts of the United States and strong electricity demand continue to provide underlying support. October Nymex natural gas futures (NGV26) closed 0.003 lower, or 0.11%. The latest developments are […]
Today Markets Analysis: WTI crude oil prices retreated on Friday following Thursday’s sharp 6.7% rally, as traders weighed deteriorating global demand expectations against mounting concerns over Middle East supply disruptions. October WTI crude oil futures (CLV26) closed $2.43 lower, or 2.37%, while October RBOB gasoline (RBV26) fell 8.60 cents, or 2.53%. For the latest energy-market […]
December Arabica coffee futures (KCZ26) closed lower on Friday, falling 2.45 points, or 0.85%, while November ICE Robusta coffee (RMX26) declined 29 points, or 0.82%. Arabica prices consolidated just above Thursday’s seven-week low as the market continued to digest evidence of increasing global coffee availability. Brazil remains a key source of bearish pressure, with export […]
Cocoa futures finished slightly lower on Friday, with December ICE New York cocoa settling down 1 point at 4,xxx and December ICE London cocoa falling 14 points, or 0.32%. Prices eased after gaining momentum earlier in the week, as improving supply prospects continued to offset concerns surrounding the outlook for the 2026/27 West African crop. […]
Higher-than-expected U.S. CPI data for August, due today at 14:30, could trigger volatility in gold and the broader metals market. Precious metals may therefore remain in focus both before and after this key U.S. macroeconomic release. Gold has already rebounded twice from the $4,300 area in recent weeks, and a return above the 200-period EMA […]
Danske Research Team explains that Sweden’s July Gross Domestic Product (GDP) indicator was weak, but underlying domestic activity appears stronger, with solid services and consumption data. Despite this, a weak Swedish Krona, high Oil prices and the rate spread versus the European Central Bank (ECB) mean they still expect clear guidance for a hike this […]
MUFG’s Lee Hardman highlights that the stronger United States (US) Producer Price Index (PPI) data has reinforced expectations for a Federal Reserve (Fed) rate hike, with around 18 bps now priced for next week’s FOMC meeting. He notes that today’s US Consumer Price Index (CPI), especially core CPI at a forecast 0.2% M/M, will be crucial for […]
The US Bureau of Labor Statistics (BLS) will publish the August Consumer Price Index (CPI) data on Friday. The report is expected to show a small decline in annual core inflation. Any divergence from analysts’ estimates could influence the Federal Reserve’s (Fed) policy outlook and impact the US Dollar’s valuation. The monthly CPI is forecast to rise by […]
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann flag a sudden AUD/USD selloff to 0.7156, with intraday momentum pointing to further losses toward 0.7140, though 0.7120 is seen as strong support for now. Over the next one to three weeks, the bank now expects the pair could decline toward 0.7120 unless it rebounds […]