Brent crude oil has retreated more than 2% towards $107 per barrel following last week’s strong rally, as traders weigh signs of recovering Middle Eastern oil flows against continuing geopolitical tensions and shipping disruptions. The market remains highly sensitive to developments around the Strait of Hormuz, Russian energy exports and the pace at which regional […]
Heating oil futures are trading at 4.7545, down 0.145 points, or 2.95%, as the market retreats despite an extraordinary annual gain of 116.86%. Prices are also down 2.78% over the past month, indicating that near-term momentum has weakened following the substantial longer-term advance. However, the fourth-quarter forecast of 5.0934 points to further potential upside if […]
Steel rebar futures are trading at 3,083.00 after declining 0.19% in the latest session, extending a monthly loss of 1.03%. Despite the recent weakness, prices remain 1.82% higher than a year ago, suggesting that the market has retained modest annual gains while struggling to establish stronger near-term momentum. The fourth-quarter forecast stands at 3,109.08, above […]
Lumber futures are trading at 531.04 after falling 1.02% in the latest session, extending a period of weakness that has left prices down 3.18% over the month and 16.01% over the past year. The decline highlights continued pressure on the lumber market, where demand is closely linked to residential construction, renovation activity, mortgage affordability and […]
Coal futures are trading at 150.40, gaining 0.50% in the latest session as prices extend their positive performance across both monthly and annual periods. Coal has risen 3.98% over the past month and 45.38% over the past year, highlighting a strong longer-term advance in the market. The fourth-quarter forecast stands at 153.32, modestly above the […]
Copper prices are trading at 6.5665, up 0.54% on the day, as the metal maintains a strong annual performance despite a modest monthly pullback. Copper has gained 30.96% over the past year, highlighting the strength of the broader price trend, while the latest monthly decline of 1.80% suggests some consolidation following the substantial advance. The […]
The USD/CAD pair remains under some selling pressure for the third straight day on Monday, prolonging last week’s rejection slide from the 1.4300 mark, or its highest level since April 2025. Spot prices drop to an over three-week low, around the 1.4100 neighborhood, during the Asian session as traders now look forward to the latest […]
The GBP/USD pair holds steady around 1.3330 during the early European trading hours on Monday. Traders continue to assess the US interest rate path after Federal Reserve (Fed) Chair Kevin Warsh’s remarks. All eyes will be on the UK jobs data on Tuesday. On Wednesday, the UK Consumer Price Index (CPI) inflation report will be […]
The Indonesian rupiah is facing renewed pressure near IDR 18,040 per US dollar, struggling to move below the psychologically important 18,000 level as a firm dollar, geopolitical uncertainty and concerns over Indonesia’s potential market classification downgrade weigh on investor sentiment. The US dollar continues to draw support from euro weakness amid unrest in France and […]
The Australian dollar and South Korean won are leading currency-market gains, rising 0.42% and 0.41%, respectively, as investors assess global economic conditions, interest-rate expectations and regional trade fundamentals. Meanwhile, the Japanese yen, euro, British pound and US Dollar Index are trading little changed, reflecting a more subdued session across several major currency markets. The divergence […]