Market Analysis
Market Analysis, Metals, Technical Analysis
Nickel Prices Retreat from One-Month High as Global Surplus and Weak Demand Keep Market Under Pressure
Nickel traded around $16,100 per tonne, easing from a recent high of more than one month as persistent global oversupply and subdued downstream demand continued to weigh on market sentiment. Despite the recent price strength, the fundamental outlook remains challenging, with forecasts pointing to a growing supply surplus through 2027. The International Nickel Study Group […]
by Currency Hedger
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- 2 days ago
Energies, Market Analysis, Technical Analysis
Coal Prices Rebound Towards $145 as US-Iran Tensions and LNG Market Risks Support Energy Demand
Coal prices climbed towards $145 per tonne, recovering from two-month lows as renewed strength across global energy markets and persistent geopolitical tensions in the Middle East supported sentiment. The latest rebound follows increasingly uncertain diplomatic prospects between Washington and Tehran. US President Donald Trump stated that the United States no longer needs a deal with […]
by Currency Hedger
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- 2 days ago
KRW, Market Analysis, Technical Analysis, USD
South Korean Won Strengthens to 1,330 as Semiconductor Dollar Sales Support Currency Despite Rising Oil Prices
The South Korean won strengthened towards 1,330 per US dollar, extending its recovery to the strongest level since late October as continued dollar selling by the country’s semiconductor exporters provided support. Consistent conversion of foreign-currency earnings by major chipmakers has helped increase dollar supply in the domestic foreign exchange market, limiting upward pressure on USD/KRW. […]
by Currency Hedger
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- 2 days ago
INR, Market Analysis, Technical Analysis, USD
Indian Rupee Weakens to 94.15 as Oil Prices Surge Towards $96 and Dollar Demand Intensifies
The Indian rupee weakened towards 94.15 per US dollar, retreating from highs not seen in more than six months as renewed strength in crude oil prices increased pressure on India’s external financing outlook. Brent crude climbed towards $96 per barrel following fresh attacks on Saudi energy infrastructure and disruptions to shipping through the Strait of […]
by Currency Hedger
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- 2 days ago
IDR, Market Analysis, Technical Analysis, USD
Indonesian Rupiah Recovers Towards 18,200 but Weekly Losses Persist as Dollar Strength and MSCI Outflows Weigh
The Indonesian rupiah recovered towards IDR 18,200 per US dollar on Friday, finding some support after approaching its record low of IDR 18,279 in recent sessions. The rebound followed assurances from Bank Indonesia that it would remain active in the foreign exchange market to support currency stability and ensure the rupiah reflects underlying economic fundamentals. […]
by Currency Hedger
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- 2 days ago
Market Analysis, Metals, Technical Analysis
Iron Ore Prices Slide Towards Four-Year Low as Rising Chinese Port Inventories and Steel Production Cuts Weigh on Demand
Iron ore futures declined towards CNY 670 per tonne, approaching their lowest levels since October 2022, as increasing supply and weakening demand across China continued to pressure the market. The latest decline reflects a combination of rising inventories at major Chinese ports, sustained Brazilian shipments and deteriorating demand expectations from the country’s steel industry. With […]
by Currency Hedger
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- 2 days ago
Commodities, Market Analysis, Technical Analysis
Wheat Prices Rebound Above $5.90 as Russia-Ukraine Tensions and Global Supply Outlook Shape Market Sentiment
Wheat futures rebounded by more than 1% to approximately $5.90 per bushel, recovering from a more than four-month low recorded on November 12. The recovery reflects renewed uncertainty surrounding Russia-Ukraine peace negotiations, with geopolitical developments providing some support to prices. However, the potential for further gains remains constrained by improving global production prospects. Argentina has […]
by Currency Hedger
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- 2 days ago
GBP, Market Analysis, Technical Analysis, USD
British Pound extends losing streak against US Dollar, US PPI in focus
The British Pound (GBP) extends its losing streak against the US Dollar (USD) for the fourth trading day on Friday. The GBP/USD pair drops to near 1.3227 as the US Dollar continues to outperform on prospects that the Federal Reserve (Fed) will speed up its monetary tightening cycle. At press time, the US Dollar Index […]
by Currency Hedger
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- 2 days ago
EUR, Market Analysis, Technical Analysis, USD
EUR/USD Price Forecast: Posts mild gains above 1.1050, while staying capped below 100-day SMA
The EUR/USD pair trades with mild gains near 1.1060 during the early European trading hours on Friday. Nonetheless, the potential upside for the major pair might be limited amid a cautious stance from the European Central Bank (ECB). ECB policymaker Philip Lane said that energy prices may be falling, but the central bank’s interest rate […]
by Currency Hedger
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- 2 days ago
Energies, Market Analysis, Technical Analysis
WTI Price Forecast: Bears have the upper hand below 23.6% Fibo. and 200-hour SMA
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – edges lower during the Asian session on Friday, though it lacks follow-through as traders await further developments surrounding the Middle East crisis. Investors remain hopeful about potential behind-the-scenes efforts to secure a ceasefire between Russia and Ukraine. Moreover, reduced risks of further escalation […]
by Currency Hedger
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- 2 days ago