Coffee prices are currently under significant pressure as expectations for abundant global supplies continue to outweigh concerns over tight inventories and potential weather risks. December ICE arabica coffee has fallen sharply to around three-month lows, while November ICE robusta has also weakened substantially as rising exchange inventories reinforce the growing supply narrative. The latest move […]
Cocoa prices are currently attempting to stabilise after a sharp correction from the highs reached around the turn of September, with renewed short covering emerging as traders assess the potential impact of drier weather on the developing 2026/27 West African crop. December ICE NY cocoa is currently trading around the recent recovery area after settling […]
Sugar markets are currently balancing two opposing forces: near-term demand weakness and improving physical availability on one side, against growing production risks in Brazil, India and Thailand on the other. NY world sugar #11 has recently come under pressure after reaching a multi-month high earlier in September, but prices recovered as concerns over excessive Brazilian […]
Cotton futures closed lower on Tuesday, with contracts falling between 16 and 55 points as pressure from weaker crude oil prices and a firmer US dollar outweighed signs of tightening certified cotton availability. The latest USDA data also showed US cotton ginnings running below last year’s pace, while crop condition ratings remained weak, particularly in […]
USD/JPY gains ground for the third consecutive day, trading around 157.70 during the European hours on Tuesday. The currency pair is consolidating after the recent pullback while remaining capped by the medium-term trend filter. Price is now above the nine-period Exponential Moving Average (EMA) but still below the 50-period EMA, which suggests a neutral to […]
The Euro (EUR) is failing to draw any support from the moderate risk appetite triggered by the recent pullback in Oil prices and extends losses against the US Dollar (USD) on Tuesday, hitting fresh seven-week lows below 1.1450. The growing political uncertainty in Germany, after the defeat of Chancellor Friedrich Merz’s CDU in last weekend’s […]
West Texas Intermediate (WTI) extends its losing streak after losing daily gains, trading around $90.20 per barrel during the European hours on Tuesday. Crude oil prices lose ground after Kyodo News noted a senior Iranian official, saying that Iran has offered to reopen the vital Strait of Hormuz within seven days on the condition that the United […]
Key takeaways Market Situation Since the beginning of this year, orange juice, coffee, and US natural gas remain sharply lower. Precious metals, except gold (which posts a minimal YTD decline), remain low. A large portion of commodities show rather negative signals from MACD. Source: XTB From a slightly shorter-term perspective (1 year), highly overbought markets […]
One word keeps coming up in connection with the Nasdaq: “expensive.” And it’s hardly surprising, because when you look at the trailing price-to-earnings ratio, which is nearing 31, and add to that the price-to-sales ratio and EV/EBITDA, the picture does indeed look challenging. The problem is that the market isn’t always valued through the lens […]
Key takeaways The UK’s public finance data for August made for more grim reading on the state of the UK’s public finances. The UK borrowed £18.3bn last month, up nearly 20% compared to a year ago, partly due to the impact of inflation. Borrowing in the financial year to August remains £8.1bn above the official […]