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December ICE NY cocoa (CCZ26) closed up +11 (+0.18%) on Thursday, and December ICE London cocoa #7 (CAZ26) closed up +29 (+0.67%). Cocoa prices settled higher for a second day on Thursday amid carryover support from Wednesday when Ghanaโs cocoa industry regulator proposed raising cocoa farmersโ pay by +6% for the 2026/27 season. The proposed […]
This material is for educational and informational purposes only. It is not a recommendation to buy or sell any futures or options contract, and it does not take into account your objectives, financial situation, or risk tolerance. Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance […]
The European Central Bank is highly likely to raise interest rates by 25 bps today. What does this decision mean for the markets? A sharp rise in energy commodity prices in mid-July led to a hawkish repricing in the market (representing an increase in expectations of tighter monetary policy). Figure 1: Brent and WTI Crude […]
Facts: Recommendation: Trade: Short position on GOLD at market price Target: 4316, 4288 Stop: 4450 Opinion: The gold market has been trading in a downward move recently. Looking at the technical situation, one can see that the precious metal bounced off the key resistance at $4426. This resistance is a result of previous price reactions, […]
The Euro (EUR) trades in a tight range at around 1.1640 against the US Dollar (USD) during the European trading session on Thursday. The major currency pair consolidates as investors await the European Central Bankโs (ECB) monetary policy decision, which will be announced at 12:15 GMT. In the policy meeting, the ECB is widely anticipated to […]
INGโs Frantisek Taborsky expects the Central Bank of the Republic of Tรผrkiye (CBRT) to keep its policy rate at 37% for now, after normalising liquidity and lowering the effective funding rate. Weaker 2Q Gross Domestic Product (GDP) and gradual disinflation should allow two 100bp cuts to 35% in Q4, with markets already pricing a dovish path into […]
UOBโs Quek Ser Leang and Lee Sue Ann keep a range-trading view on USD/CHF around 0.8100, after the pair held between 0.8065 and 0.8109 and closed near 0.8099. They now expect a slightly narrower 0.8060โ0.8135 band to contain moves in the coming weeks. On a 1โ3 month horizon, they see scope for further rebound but […]
Commerzbankโs Michael Pfister notes that markets fully price todayโs ECB rate hike and see around 85 basis points of additional tightening by mid-2027, heavily driven by Oil dynamics. He argues this leaves little room for the ECB to meet expectations, making a clearly hawkish surprise necessary for Euro strength, while any disappointment could weigh on […]
Deutsche Bank reports that rising Oil and natural gas prices are pushing European yields to multiโyear highs and prompting markets to price a more hawkish European Central Bank path. The bankโs European economists expect small upward revisions to GDP for 2026โ2027 and higher headline inflation for 2027โ2028, while the ECB is likely to maintain a […]
BNYโs Geoff Yu notes that Japanese Yen (JPY) strength is reshaping APAC (Asia-Pacific) FX dynamics by easing prior effective exchange rate pressures and allowing more nominal appreciation in regional currencies. The report stays structurally constructive on JPY as long as current-account support holds, but cautions that a renewed Oil shock would reverse gains and force […]
