Sugar prices fell to three-week lows on Friday before recovering slightly, with New York sugar settling lower while London white sugar finished marginally higher as demand concerns continued to weigh on the market. October NY World Sugar #11 closed at 17.39 cents per pound, down 0.06 cents or 0.34%, while December London ICE White Sugar […]
Today Markets Analysis Cotton futures extended their weekly decline on Friday as selling pressure returned across the front months, with weaker export momentum, reduced managed-money exposure and falling crude oil prices adding to the bearish tone. October 2026 cotton futures closed at 77.38 cents per pound, down 103 points, while December cotton settled at 81.15 […]
Gold is up around 1% today, trading near $4,380 per ounce. Following an almost 2% rebound on Thursday, the precious metal has erased the losses triggered by the Federal Reserve’s decision and Kevin Warsh’s press conference. Oil is pulling back to just below $103 per barrel today, while gains in U.S. Dollar Index futures have […]
European Central Bank (ECB) President Christine Lagarde said during the European trading session on Friday that the decision on interest rates by the central bank will be meeting by meeting. Like other ECB officials, Lagarde also said that she doesn’t see any signs of second-round inflation effects yet. Remarks Growth is a bit more promising than we thought. We’ll […]
There has been a remarkable turnaround for markets this week. At the start of the week, fears about oil price spikes, rate hikes and a bond market rout caused a surge in volatility. However, at the end of the week there has been a remarkable turnaround. The S&P 500 is poised to eke out a […]
The Fed rate hike: what happens now? The dust has settled on tonight’s Fed meeting and the market reaction is clear: the Fed’s signal that there could be a series of rate hikes has spooked financial markets. Bonds sold off at the short end of the Treasury curve and US stocks also fell, led by […]
Facts: Recommendation: Trade: Short position on AUDUSD at market price Target: 0.7067, 0.7000 Stop: 0.7165 Opinion: AUDUSD has been trading in an upward trend recently, but the pair may be experiencing a trend reversal. Looking at the H4 interval, one can see that the price bounced off the key 0.7130 resistance area. The green area […]
Key statements by Ueda during the press conference following the BOJ’s decision to hike rates: Maintaining a hawkish stance and refusing to yield to dissent within the board were interpreted by the market as a clear signal that further rate hikes are inevitable. In response to the BOJ Governor’s remarks, the Japanese currency is trimming […]
The Bank of Japan did exactly what the market expected, raising the interest rate by 25 basis points to 1.25%, the highest level since 1995. In a textbook scenario, such tightening should support the currency. Meanwhile, the yen reacted with a weakening, and the USDJPY pair dynamically returned above the 157 barrier. This is the […]
What Are the World’s Leading Banks Saying About Currencies, Energy Markets, Central Banks and Geopolitical Risk? Foreign exchange markets can move in seconds. A central bank decision, inflation surprise, change in interest-rate expectations, energy-price shock or geopolitical development can rapidly alter the value of a currency and change the cost of an international transaction. For […]